Lakshmi Mills has submitted its quarterly compliance certificate to BSE Limited, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The certificate, filed on April 6, 2026, covers the quarter ended March 31, 2026, and confirms the company's adherence to dematerialization procedures.

Regulatory Compliance Details

The certificate filed under Regulation 74(5) provides confirmation of several key compliance aspects:

Certificate Authentication

Company Secretary N. Singaravel digitally signed the compliance document on April 6, 2026, at 11:36:19 +05'30'. The certificate was prepared based on confirmation received from MUFG Intime India Pvt. Ltd, which serves as the company's Registrar and Transfer Agent.

Regulatory Framework

The quarterly certificate submission is a mandatory requirement under SEBI regulations for listed companies. The document confirms that:

• All securities received for dematerialization have been properly processed
• Due verification procedures were followed before mutilation and cancellation
• The depository's name has been substituted in company records as the registered owner
• All dematerialized securities remain listed on the same stock exchange as the original securities

Company Information

The Lakshmi Mills Company Limited, established in 1910, operates from its registered office in Coimbatore. The company maintains its listing on BSE with scrip code 502958 and continues to fulfill all regulatory compliance requirements through its appointed Registrar and Transfer Agent.

Lakshmi mills has successfully concluded its postal ballot process with overwhelming shareholder approval for key corporate governance matters. The company conducted the e-voting process in compliance with regulatory requirements, achieving significant participation from its shareholder base.

Postal Ballot Process and Timeline

The company initiated the postal ballot process with a notice dated February 12, 2026, providing shareholders with remote e-voting facilities. The e-voting window remained open from February 25, 2026, at 9:00 AM to March 26, 2026, at 5:00 PM. The Board of Directors appointed Sri B. Krishnamoorthi, Chartered Accountant from Coimbatore, as the scrutinizer to oversee the remote e-voting process.

Voting Results and Shareholder Response

The postal ballot addressed one special resolution concerning the re-appointment and payment of remuneration to Sri Sundaram Pathy (DIN: 00013899) as Managing Director of the Company. The voting results demonstrated exceptional shareholder confidence in the proposed resolution.

Category-wise Voting Analysis

The voting participation varied across different shareholder categories, with the promoter and promoter group showing strong engagement in the corporate governance process.

Promoter and Promoter Group Participation

• Shares Held: 452,967
• Votes Polled: 428,012 (94.49% of holdings)
• Support: 100% in favor with zero opposing votes

Public Non-Institutional Shareholders

• Shares Held: 220,433
• Votes Polled: 59,003 (26.77% of holdings)
• Support: 99.98% in favor with minimal opposition

Regulatory Compliance and Documentation

The postal ballot process was conducted in accordance with the Companies Act, 2013, and Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. The company followed MCA circulars issued between 2020-2024, conducting the process entirely through electronic means without distributing physical postal ballot forms.

The scrutinizer completed the vote counting process on March 27, 2026, at 4:48 PM in the presence of two independent witnesses, Mrs. Divya Sukumar and Mrs. V. Visalakshi. The scrutinizer's report was countersigned by Sri S. Pathy, Chairman and Managing Director, confirming that the resolution passed with the requisite majority.

Corporate Governance Outcome

The successful conclusion of the postal ballot reinforces shareholder confidence in the company's leadership and strategic direction. The overwhelming support for Sri Sundaram Pathy's re-appointment as Managing Director reflects strong alignment between management and shareholders on the company's governance structure and executive compensation framework.