Lambodhara Textiles Announces 32nd AGM on Sep 29, 2026; To Discuss Dividend, Director Re-appointments
Lambodhara Textiles will hold its 32nd AGM on September 29, 2026. Key agenda items include adopting FY26 financial statements, declaring a dividend, and re-appointing directors. The company also seeks approval for material related party transactions with Strike Right Integrated Services Limited, up to ₹400 Crores. Re-appointments for Whole-time Directors Mrs. Bosco Giulia, Mr. Narayanasamy Balu, and Mr. Nishanth Balu are also on the agenda.
The AGM agenda includes several significant items such as dividend declaration, re-appointment of key management personnel, and approval of substantial related party transactions, which could have a material impact on the company's governance and financial dealings.
The announcement is a routine notice for an Annual General Meeting, outlining standard corporate business. While it includes important items like dividend declaration and director re-appointments, there are no significant positive or negative financial disclosures or operational updates.
Lambodhara Textiles Limited has announced its 32nd Annual General Meeting (AGM) will be held on Tuesday, September 29, 2026, at 11:00 AM IST through video conferencing (VC) or Other Audio-Visual Means (OAVM).
The agenda for the AGM includes several key items. Ordinary business will cover the adoption of the annual financial statements for the year ended March 31, 2026, including the statement of profit and loss, cash flows, statement of changes in equity, and the balance sheet, along with the reports of the Board of Directors and Auditors. Shareholders will also vote on declaring a dividend for the financial year ended March 31, 2026. Additionally, a director is set to retire by rotation and offer themselves for re-appointment.
Special business at the AGM includes the ratification of the appointment and remuneration of M/s. C.S. Hanumantha Rao & Co. as Cost Accountants for the financial year 2026-27, with a remuneration of ₹37,500 plus taxes and expenses. Shareholders will also consider and approve material related party transactions with M/s. Strike Right Integrated Services Limited, with a proposed limit of up to ₹400 Crores for transactions over a period from the conclusion of the 32nd AGM until the 33rd AGM in 2027.
Further, the AGM will address the re-appointment of key management personnel. Mrs. Bosco Giulia is proposed for re-appointment as Whole-time Director for a further period of three years from September 28, 2026, with a monthly salary up to ₹6,00,000 plus perquisites not exceeding ₹8,00,000 per annum. Mr. Narayanasamy Balu is proposed for re-appointment as Whole-time Director for a further period of three years from July 11, 2026, with remuneration not exceeding ₹15,00,000 per annum, potentially rising to ₹25,00,000 per annum. Mr. Nishanth Balu is also proposed for re-appointment as Whole-time Director for a further period of three years from December 7, 2026, with remuneration not exceeding ₹7,80,000 per annum, potentially rising to ₹15,00,000 per annum.
The appointment of M/s. SSMN & Associates LLP as Secretarial Auditors to fill a casual vacancy will also be considered, with a remuneration of ₹1,00,000 plus applicable taxes and expenses for the financial year 2026-27.
A plain-language summary of a public exchange filing by Lambodhara Textiles Limited. Read the original for the full detail.