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:

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.

Lake Shore Realty Limited has scheduled its 39th Annual General Meeting for July 15, 2026, to adopt the audited financial statements for the financial year ended March 31, 2026. The meeting will be conducted exclusively through video conferencing and other audio-visual means in compliance with Ministry of Corporate Affairs and SEBI circulars. The board proposes the re-appointment of Ms. Bhairavi Chandrakant Goswami as Managing Director, liable to retire by rotation.

For the financial year ended March 31, 2026, the company reported a net profit of ₹16.41 lakh, a decrease from ₹72.85 lakh in the previous year. Total revenue stood at ₹131.46 lakh, compared to ₹135.80 lakh in FY25. The earnings per share (EPS) declined to ₹0.47 from ₹2.08 in the preceding year. The company's current ratio improved to 31.26 times in FY26 from 47.94 times in FY25, while the debt-equity ratio remained at 0.

Remote e-voting will commence on July 12, 2026, at 09:00 a.m. IST and conclude on July 14, 2026, at 05:00 p.m. IST. Central Depository Services (India) Limited (CDSL) has been engaged as the authorized agency to conduct the remote e-voting process and provide e-voting facilities during the AGM. CS Dipti Zaveri, Practicing Company Secretary, has been appointed as the Scrutinizer.

The cut-off date for determining shareholder eligibility to vote and attend the meeting is July 8, 2026. Members participating through VC/OAVM will be counted for quorum purposes under Section 103 of the Companies Act, 2013. The facility for the meeting is being provided by Central Depository Services Limited.