Lactose India shareholders approve FY26 financials at 35th AGM
- Lactose India Ltd held its 35th AGM virtually on September 30, 2026
- Shareholders approved audited financial statements for FY26 without auditor qualifications
- Remuneration increases for MD Atul Maheshwari and WTD Sangita Maheshwari were passed
- Mrs. Sangita Maheshwari was re-appointed as a director retiring by rotation
*this image is generated using AI for illustrative purposes only.
Lactose (India) Limited shareholders approved the audited financial statements for the fiscal year ended March 31, 2026, during the company's 35th Annual General Meeting held on September 30, 2026. The meeting, conducted entirely through video conferencing and other audio-visual means, saw the passage of all agenda items including director re-appointments and remuneration adjustments.
The proceedings began at 12:00 noon and concluded by 12:25 pm with the requisite quorum present. Mr. Atul Maheshwari, Chairman and Managing Director, presided over the meeting, while Mr. Ritesh Pandey served as the Company Secretary and Compliance Officer. The auditor's report for FY26 was noted to have no qualifications, observations, or comments regarding the company's financial transactions.
Key resolutions passed
Shareholders voted on six agenda items, ranging from routine adoption of accounts to specific changes in executive compensation and auditor appointments. The voting process included remote e-voting from September 27 to September 29, 2026, alongside electronic voting during the live session.
| Agenda Item | Resolution Type |
|---|---|
| Adoption of audited financial statements for FY26 | Ordinary Resolution |
| Re-appointment of Mrs. Sangita Maheshwari as Director | Ordinary Resolution |
| Increase in remuneration of Mr. Atul Maheshwari (MD) | Special Resolution |
| Increase in remuneration of Mrs. Sangita Maheshwari (WTD) | Special Resolution |
| Approval of related party transactions | Special Resolution |
| Appointment of Mr. Alpesh A. Lakeshri as Cost Auditor for FY27 | Special Resolution |
Governance and shareholder engagement
The meeting facilitated direct interaction between management and investors. Five shareholders registered as speakers to address the board. Mr. Keshav Garg participated actively, posing questions that were addressed by Mr. Atul Maheshwari. The remaining registered speakers, Mrs. Lekha Shah, Gaurav Sud HUF, Mr. Manjit Singh, and Mr. Satish Shah, did not attend the virtual session.
Mrs. Priti Jajodia was appointed as the scrutinizer for the voting process. The combined results of the remote e-voting and electronic voting conducted during the AGM are scheduled to be displayed on the company's website and the BSE platform where its shares are listed. The company confirmed that all regulatory compliances under SEBI and MCA circulars were adhered to during the virtual meeting format.
Historical Stock Returns for Lactose
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.53% | +3.87% | +2.28% | +37.42% | -11.27% | +151.35% |
How will the approved increase in executive remuneration impact Lactose India's operating margins in the upcoming fiscal year?
What specific strategic initiatives are driving the need for the new cost auditor appointment for FY27?
How might the approved related party transactions influence minority shareholder sentiment and future governance ratings?
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