Laxmi Organic to hold 37th AGM on Aug 5, 2026; proposes 15% final dividend
Laxmi Organic Industries Limited will hold its 37th AGM on August 5, 2026, via VC/OAVM. The company proposes a 15% final dividend (₹0.30 per share) for FY26, with July 21, 2026, as the record date. Directors Harshvardhan Goenka and Manish Chokhani are up for re-appointment. Cost auditor remuneration and executive director minimum remuneration will also be discussed.
The AGM notice is important for shareholders as it outlines key decisions regarding financial statements, dividends, and board appointments. The dividend proposal and director re-appointments have a direct impact on shareholder value and corporate governance.
The announcement is primarily procedural, detailing the upcoming AGM agenda, including financial statement adoption, dividend declaration, and director re-appointments. While the dividend is a positive point, the overall announcement is routine for an AGM notice.
Laxmi Organic Industries Limited has announced its 37th Annual General Meeting (AGM) will be held on Wednesday, August 5, 2026, at 11:00 am via video conferencing (VC) / Other Audio-Visual Means (OAVM).
The primary agenda items for the AGM include the adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026. The company also proposes to declare a final dividend of 15% (₹0.30 per equity share of ₹2 each). The record date for determining eligibility for this dividend is Tuesday, July 21, 2026.
Furthermore, the meeting will address the re-appointment of Mr. Harshvardhan Goenka and Mr. Manish Chokhani as Directors, both of whom are retiring by rotation and eligible for re-appointment. Special business includes ratifying the remuneration of the Cost Auditors for the financial year ending March 31, 2027, at ₹0.27 Million (excluding applicable taxes and expenses). The company also seeks approval to pay minimum remuneration to its Executive Directors (Mr. Ravi Goenka, Mr. Harshvardhan Goenka, and Dr. Rajan Venkatesh) in case of absence or inadequacy of profits for the financial years 2025-26, 2026-27, and 2027-28, as per the Companies Act, 2013.
What to do with a filing like this
Laxmi Organic Industries Limited filed this with the NSE as a statutory disclosure, categorised under agm. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Laxmi Organic Industries Limited. Read the original for the full detail.