Lakshmi Finance & Industrial Corp. 102nd AGM: All resolutions passed with requisite majority.
Lakshmi Finance & Industrial Corporation Limited's 102nd AGM was held on September 29, 2026. All resolutions, including financial statement adoption, dividend declaration, and director re-appointment, were passed with a majority. E-voting and poll results showed 96.04% of votes in favour.
The AGM results, including dividend declaration and director re-appointment, are significant for corporate governance and shareholder relations.
All resolutions were passed with the requisite majority, indicating shareholder approval and confidence.
Lakshmi Finance & Industrial Corporation Limited held its 102nd Annual General Meeting (AGM) on Tuesday, September 29, 2026, at 9:30 a.m. at Manjeera Banquet Meeting Hall, Hyderabad. The meeting included e-voting, which commenced on September 26, 2026, and concluded on September 28, 2026. A poll was also conducted during the AGM.
The company appointed M/s. N. Madhavi & Associates, Company Secretaries in Practice, as the scrutinizer to oversee the e-voting and poll process fairly and transparently. The notice for the AGM, containing resolutions to be passed, was sent to shareholders on August 30, 2026, following a board meeting on August 12, 2026.
The scrutinizer's report, dated September 30, 2026, confirmed that all resolutions presented at the AGM were passed with the requisite majority. The resolutions included the adoption of audited financial statements for the financial year ended March 31, 2026, the declaration of dividend for the financial year 2025-26, and the re-appointment of Shri K. Kapil Prasad as a Director retiring by rotation.
Detailed voting results from both e-voting and the poll indicated strong support for all resolutions. In total, 815,077 votes were cast, with 782,796 votes in favour (96.04%) and 32,281 votes against (3.96%). The Chairman will announce the final results based on this report.
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