Lakhotia Polyesters (India) Limited has scheduled its 21st Annual General Meeting (AGM) for Monday, September 21, 2026. The meeting will be conducted through Video Conferencing or Other Audio-Visual Means as per regulatory guidelines.

The company fixed Friday, September 11, 2026, as the cut-off date to determine member eligibility for voting. Shareholders can cast their votes using the remote e-voting system of Central Depository Services Limited (CDSL). The e-voting period commences on Thursday, September 17, 2026, at 9:00 am and concludes on Sunday, September 20, 2026, at 5:00 pm.

Book Closure and Voting Details

Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Register of Members and Share Transfer Books will remain closed for the purpose of the AGM. The closure period starts from Tuesday, September 15, 2026, and ends on Monday, September 21, 2026, inclusive.

Key Agenda Items

The AGM notice outlines several special business items, including changes to the board composition and statutory auditor.

Appointment of Statutory Auditor

The company seeks approval to fill a casual vacancy in the office of the Statutory Auditor caused by the resignation of M/s. Sharp Arth & Co. LLP effective July 22, 2026. The Board has recommended appointing M/s. Praveen Purohit & Associates, Chartered Accountants, to hold office until the conclusion of the 21st AGM. Subsequently, shareholders are asked to approve their appointment for five consecutive years, from the conclusion of the 21st AGM until the 26th AGM.

Director Appointments

The agenda includes the re-appointment of Mrs. Jayshri Lakhotiya, who retires by rotation. Additionally, shareholders must approve the appointment of:

• Ms. Kajal Dubey: To serve as an Independent Director for five years, effective from July 17, 2026. She was appointed as an Additional Director by the Board on July 17, 2026.
• Mr. Murla Harishkumar Lakhotia: To serve as a Non-Executive, Non-Independent Director liable to retire by rotation. He was appointed as an Additional Director on August 18, 2026.

Annual Report Release

In compliance with Regulation 34(1) of the SEBI LODR Regulations, 2015, Lakhotia Polyesters has released its Annual Report for FY26 along with the AGM notice. The documents are available electronically for members with registered email IDs and on the company website. Madhusudan Lakhotiya, Managing Director, signed the intimation on August 29, 2026.

Futura Polyesters Limited secured shareholder approval to extend the redemption period of its non-cumulative redeemable preference shares by five years. The special resolution passed with overwhelming support during the company’s first extraordinary general meeting held via video conference on August 26, 2026.

The company had initially planned to appoint new statutory auditors but withdrew the ordinary resolution after M/s. Dhwani M Shah & Associates declined the appointment due to time constraints. Consequently, no voting occurred for this item, and all remote votes cast were discarded.

Voting Results

Shareholders voted primarily through remote e-voting prior to the meeting. Only 30 members attended the virtual session, and no additional votes were cast during the live meeting. The scrutinizer’s report confirmed that promoter group votes were excluded from the count.

What the Numbers Show

The near-unanimous approval (99.98%) for the preference share extension indicates strong alignment between management and minority shareholders regarding capital structure adjustments. With ₹198.9 crore in preference shares deferred for another five years, the company avoids immediate cash outflows for redemption, preserving liquidity for operational needs or other strategic uses.

Meeting Details

Shyam B. Ghia, Chairman and Managing Director, chaired the meeting. The e-voting facility remained open for 15 minutes post-proceedings to allow late voters to participate. The consolidated scrutinizer’s report was filed pursuant to Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014.