LFIC Shareholders Approve All Resolutions, Including Dividend and Director Appointments at 101st AGM
The successful passing of all resolutions at the AGM, including the dividend declaration and appointments of directors, confirms the company's operational continuity and strategic direction, which is a routine but important event for shareholders and the company's governance.
All resolutions, including the declaration of dividend and key directorial appointments, were passed with requisite majority, indicating strong shareholder support and smooth corporate governance.
Lakshmi Finance & Industrial Corporation Limited (LFIC) announced that all resolutions proposed at its 101st Annual General Meeting (AGM), held on 27 September 2025, were passed with the requisite majority through a combined e-voting and poll process.
* The e-voting period commenced on 24 September 2025 (9:00 a.m.) and concluded on 26 September 2025 (5:00 p.m.). * Key resolutions approved by the shareholders include: * Adoption of the Audited Financial Statements and Reports for the financial year ended 31 March 2025. * Declaration of dividend for the financial year 2024-25. * Re-appointment of Shri K. Kapil Prasad as Director. * Appointment of Shri Chalasani Rama Prasad as Independent Director. * Appointment of Shri K. Harishchandra Prasad as Managing Director. * Appointment of Secretarial Auditors of the company. * The consolidated voting results indicated a strong approval rate for all resolutions, with approximately 96.18% of the total votes cast in favour for most items.
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Lakshmi Finance & Industrial Corporation Limited filed this with the NSE as a statutory disclosure, categorised under corporate actions. 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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