Lake Shore Realty adopts FY26 financial statements at 39th AGM

Lake Shore Realty Limited (formerly Mahaan Foods Limited) conducted its 39th Annual General Meeting on July 15, 2026, through video conferencing to adopt the audited financial statements for the financial year ended March 31, 2026. The meeting, chaired by Ms. Bhairavi Chandrakant Goswami, commenced at 12:10 P.M. IST with requisite quorum present and concluded at 12:38 P.M. IST. The proceedings were conducted in accordance with circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India.

The company's total shareholder base stood at 4,430 as of the cut-off date of July 8, 2026. A total of 59 shareholders attended the meeting through video conferencing, comprising one from the promoter group and 58 from the public category. No shareholders were present in person or through proxy. All Directors of the company attended the AGM.

Key Resolutions

Shareholders transacted two ordinary resolutions during the meeting. The first resolution involved receiving, considering, and adopting the standalone audited financial statements for FY26 along with the Board's Report and Auditors' Report. The second resolution pertained to the reappointment of Ms. Bhairavi Chandrakant Goswami as Managing Director, who was liable to retire by rotation.

Sr. No.	Particulars	Type of Resolution
1	To receive, consider and adopt the Standalone Audited Financial Statements for the financial year ended March 31, 2026.	Ordinary Resolution
2	To appoint Ms. Bhairavi Chandrakant Goswami, Managing Director (DIN: 00576641), liable to retire by rotation and being eligible, for reappointment.	Ordinary Resolution

The Moderator introduced Mr. Ankit Singh, who was appointed as Company Secretary and Compliance Officer effective from November 13, 2025. The company appointed CS Dipti Zaveri, a Practicing Company Secretary, as the Scrutinizer to oversee the e-voting process. The statutory auditors' report and secretarial audit report had no qualifications and were taken as read.

Ms. Goswami addressed the meeting regarding the company's projects in the realty sector. Shareholders sought clarifications on the company's accounts and businesses, which the Chairperson addressed. The e-voting window closed at 12:53 P.M. IST, and the results will be declared upon receipt of the Scrutinizer's report. The final voting results will be submitted to the stock exchanges and uploaded to the company's website in due course.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.54%	+12.94%	+23.42%	+28.67%	-14.55%	+276.82%

Lake Shore Realty Limited shareholders have approved the appointment of Mr. Narendra Kumar Verma as an Independent Director and sanctioned the shifting of the company's registered office from the National Capital Territory of Delhi to Maharashtra. The decisions were made through a postal ballot process, with the results declared on July 03, 2026, following the scrutinizer's report submitted by Dipti Zaveri of Dipti Zaveri & Co.

The postal ballot notice was sent to members on June 02, 2026, and the remote e-voting period concluded on July 02, 2026. A total of 580,001 valid votes were received for the resolutions regarding the director's appointment and the registered office shift. The resolution to approve loans, advances, and guarantees under Section 185 of the Companies Act, 2013, received 4,112 valid votes.

Voting Results Summary

The three special resolutions were passed with the requisite majority. The table below details the voting outcomes for each proposal:

Resolution	Votes For	Votes Against	Total Valid Votes
Appointment of Mr. Narendra Kumar Verma as Independent Director	579,940	61	580,001
Shifting of Registered Office to Maharashtra	579,882	119	580,001
Approval for loan/advance/guarantee under Section 185	4,051	61	4,112

Key Resolutions Passed

Appointment of Independent Director

Mr. Narendra Kumar Verma (DIN: 05164866) has been appointed as a Non-Executive Independent Director for a term of five years, effective from May 15, 2026, to May 14, 2031. He brings over 46 years of experience in the oil and gas sector, including former roles as Managing Director and CEO of ONGC Videsh. He is not liable to retire by rotation.

Shifting of Registered Office

Shareholders approved the shift of the registered office from Delhi to Maharashtra. Consequently, Clause II of the Memorandum of Association will be amended to state that the registered office will be situated in the State of Maharashtra, Mumbai. The move is subject to the approval of the Regional Director and other statutory authorities.

Approval for Loans and Guarantees

The company secured approval to give loans, advances, guarantees, or provide security to subsidiaries, associates, joint ventures, or group entities. The aggregate amount for such financial assistance shall not exceed ₹100 Crores. The funds are to be utilized for the principal business activities of the borrowing entities.