Lakshmi Engineering & Warehousing will hold its 52nd Annual General Meeting (AGM) on August 10, 2026, at 10:15 A.M. through Video Conferencing (VC) or Other Audio Visual Means (OAVM). The meeting aims to transact ordinary business, including the adoption of audited financial statements for the financial year ended March 31, 2026, and special business regarding the reappointment of key board members. This virtual format ensures broad shareholder participation while adhering to regulatory guidelines issued by the Ministry of Corporate Affairs and SEBI.

The Board of Directors has placed three director appointments before shareholders for approval. R.Santharam and N.Jayachandar retire by rotation and offer themselves for re-appointment. Additionally, a special resolution proposes the reappointment of Pradip Roy as a Non-Executive Independent Director. The explanatory statement notes that Roy’s current five-year term expires on August 10, 2026, and his continued association is deemed beneficial to the company based on performance evaluations by the Nomination and Remuneration Committee.

Director Reappointment Details

The following table outlines the directors seeking appointment or re-appointment at the ensuing AGM:

Pradip Roy’s reappointment requires a special resolution pursuant to Sections 149, 152, and 160 of the Companies Act, 2013, and Regulation 16(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. If approved, his new term will last until the conclusion of the 57th AGM in 2031 or the expiry of five consecutive years, whichever is earlier. He is not liable to retire by rotation during this period.

Voting and Meeting Logistics

Shareholders holding shares as of the cut-off date, August 3, 2026, are eligible to vote. Remote e-voting will be facilitated by National Securities Depository Limited (NSDL) and runs from August 7, 2026, at 9:00 A.M. to August 9, 2026, at 5:00 P.M. Members who have already cast their votes via remote e-voting may attend the virtual meeting but cannot vote again. B.Krishnamoorthi, Chartered Accountant, has been appointed as the scrutinizer to oversee the voting process.

The Register of Members and Share Transfer Books will remain closed from August 4, 2026, to August 10, 2026. Dividends, if declared, will be paid within 30 days to members registered as of August 3, 2026. The company reminds shareholders that Tax at Source (TDS) will be deducted from dividends exceeding ₹ 10,000 unless a valid Form 121 declaration is submitted by August 10, 2026. Physical share transfers are not processed; all shares must be held in demat mode.

Lakshmi Engineering & Warehousing reported a net profit of ₹167.39 lakh for the financial year ended March 31, 2026, rising from ₹84.04 lakh in the previous year. Total revenue from operations increased to ₹1,568.25 lakh from ₹1,402.26 lakh in FY25, driven by growth in warehousing rental and engineering services. The company’s earnings per share (EPS) improved to ₹25.03 from ₹12.57 in the prior year.

The financial performance was supported by a rise in profit before tax to ₹235.18 lakh, compared to ₹80.38 lakh in FY25. Depreciation and amortization expenses for the year stood at ₹149.74 lakh, while the total comprehensive income for the year was ₹168.61 lakh. The company’s reserves and surplus increased to ₹1,607.96 lakh as of March 31, 2026.

Financial Performance

The company’s revenue from operations was segmented into warehousing rental services and engineering services. Warehousing rental income contributed ₹972.25 lakh, while fabrication income accounted for ₹95.61 lakh. Other income for the year stood at ₹133.83 lakh, primarily driven by interest income on financial assets measured at amortised cost.

Capital Structure and Borrowings

The company’s equity share capital remained unchanged at ₹668.75 lakh during the year. Borrowings from banks, measured at amortised cost, totaled ₹921.95 lakh as of March 31, 2026, comprising secured term loans and current maturities. The debt-equity ratio stood at 0.44, while the return on equity improved to 7.52% from 3.87% in the previous year.

Key Audit Matters

The statutory auditor identified the recoverability of the carrying value of investment property as a key audit matter. As at March 31, 2026, the carrying value of investment property was ₹2,524.25 lakh. The assessment was considered significant due to the balance size and the estimates involved in impairment assessment and fair value measurement.