Lakshmi Engineering & Warehousing passes all 52nd AGM resolutions

Shareholders of lakshmi engineering & warehousing unanimously approved all five resolutions at its 52nd Annual General Meeting (AGM) held on August 10, 2026. The strong shareholder support, with a 99.99% approval rate across all agenda items, validates the Board’s governance decisions and financial reporting for the fiscal year ended March 31, 2026. The results were declared on August 11, 2026, following the submission of the scrutinizer’s report.

The e-voting process was overseen by B. Krishnamoorthi, Chartered Accountant (Membership No. 20439), appointed as Scrutinizer by the Board. Remote e-voting was open from August 7 to August 9, 2026, while voting during the AGM was facilitated via Video Conferencing/Other Audio Visual Means. National Securities Depository Limited served as the service provider for the electronic voting facility. A total of 5,296 shareholders were eligible to vote as of the cut-off date of August 3, 2026.

Voting Results Summary

All resolutions received overwhelming support from both promoter and public shareholders. The detailed voting breakdown is presented below:

Resolution	Votes For	Votes Against	Result
Adoption of Audited Financial Statements for FY26	3,91,381	3	Passed
Declaration of Dividend for FY26	3,91,381	3	Passed
Reappointment of R. Santharam as Director	3,91,381	3	Passed
Reappointment of N. Jayachandar as Director	3,91,381	3	Passed
Reappointment of Pradip Roy as Independent Director	3,91,381	3	Passed

The promoter group, holding 2,51,282 shares, cast 2,50,551 votes in favor with zero votes against, indicating full alignment with the Board’s proposals. Public institutions and non-institutional investors also demonstrated strong support, with public non-institutions casting 1,14,224 votes in favor out of 1,14,227 polled.

Key Governance Approvals

The AGM focused on routine statutory matters and key board appointments. Shareholders approved the reappointment of R. Santharam (DIN 00151333) and N. Jayachandar (DIN 00015091), who retired by rotation but offered themselves for re-appointment. Additionally, a special resolution passed to reappoint Pradip Roy (DIN 09266521) as a Non-Executive Independent Director for a second term of five consecutive years. These appointments ensure continuity in leadership and compliance with regulatory requirements for independent director tenure.

What the Numbers Show

The near-unanimous approval rate highlights robust shareholder confidence in Lakshmi Engineering’s management. With promoters voting 100% in favor and public participation yielding a 99.99% approval ratio, dissent was minimal—limited to just three votes against across all resolutions. This consensus suggests stable corporate governance and effective communication between the Board and its investor base during the FY26 cycle.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.14%	+0.05%	-7.52%	+2.38%	+3.94%	+260.59%

company name reported a significant turnaround in profitability for the quarter ended June 30, 2026, with net profit after tax (PAT) surging 150.1% year-on-year to ₹60.37 lakh. The company’s total income rose to ₹428.02 lakh, up from ₹342.11 lakh in Q1FY26, driven primarily by a 33.2% increase in revenue from operations to ₹403.10 lakh. This performance underscores the resilience of its core warehousing business amidst broader economic conditions, while the engineering division showed marked improvement in loss containment.

The Board of Directors approved the unaudited standalone financial results during a meeting held on August 10, 2026. The results were reviewed by the Audit Committee and subjected to limited review by the statutory auditors, Subbachar & Srinivasan Chartered Accountants, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The financial statements were prepared in accordance with Ind AS 34.

Financial Performance Highlights

The company’s earnings per share (EPS) more than doubled to ₹9.03 per share from ₹3.60 in the same quarter last year. Total expenses increased moderately to ₹338.38 lakh from ₹300.81 lakh, reflecting controlled cost management despite higher operational activity. Finance costs rose slightly to ₹29.46 lakh from ₹26.11 lakh, while employee benefits expense increased to ₹130.84 lakh.

Particulars	Q1FY27 (₹ in lakhs)	Q1FY26 (₹ in lakhs)	YoY Change
Revenue from Operations	403.10	302.58	+33.2%
Other Income	24.92	39.53	-37.0%
Total Income	428.02	342.11	+25.1%
Total Expenses	338.38	300.81	+12.5%
Profit Before Tax	89.64	41.30	+117.0%
Net Profit After Tax	60.37	24.10	+150.1%

Segment-Wise Analysis

The warehousing rental services segment remained the primary profit driver, contributing ₹128.71 lakh to segment profit, up from ₹93.90 lakh in Q1FY26. Revenue from this segment grew 27.4% to ₹273.78 lakh. In contrast, the engineering services segment continued to incur losses, reporting a segment loss of ₹9.11 lakh compared to ₹34.87 lakh in the previous year, indicating an improvement in operational efficiency within this division. Revenue from engineering services rose 31.8% to ₹144.16 lakh.

What the Numbers Show

The divergence between the two segments highlights the company’s dependency on its warehousing arm for profitability. While both segments saw substantial revenue growth—warehousing up 27.4% and engineering up 31.8%—only the warehousing unit generated positive operating cash flows. The engineering services segment’s loss narrowed significantly by ₹25.76 lakh year-on-year, suggesting that recent cost-control measures or volume improvements are beginning to offset fixed costs, though it remains a drag on overall bottom-line performance. The sharp decline in other income (₹24.92 lakh vs ₹39.53 lakh) was more than compensated by the surge in core operational profits.