Lambodhara Textiles Limited concluded its 32nd Annual General Meeting on September 29, 2026, with all nine proposed resolutions passing unanimously. The meeting, held via Video Conferencing, ratified the declaration of a dividend for the financial year ended March 31, 2026, alongside key leadership re-appointments.

A total of 34 members representing 37,18,576 equity shares participated in the virtual session. Mrs. Bosco Giulia, Whole-time Director, chaired the proceedings after being invited by the Chief Financial Officer. The agenda included the adoption of audited financial statements for FY26 and the re-appointment of directors retiring by rotation.

Key resolutions passed

The shareholders approved several ordinary and special business items. The re-appointment of Mr. Baba Chandrasekhar Ramakrishnan as Director was ratified under ordinary business. Additionally, the remuneration for Cost Auditors M/s. C. S. Hanumantha Rao & Co. for FY27 was approved.

Special resolutions focused on leadership continuity and related party transactions:

• Approval for material related party transactions with Strike Right Integrated Services Limited.
• Re-appointment of Mrs. Bosco Giulia as Whole-time Director with revised remuneration terms.
• Re-appointment of Mr. Narayanasamy Balu as Whole-time Director with revised remuneration terms.
• Re-appointment of Mr. Nishanth Balu as Whole-time Director with revised remuneration terms.
• Appointment of M/s. SSMN & Associates LLP as Secretarial Auditors to fill a casual vacancy until the 2027 AGM.

Voting and attendance details

The e-voting process was administered by Central Depository Services (India) Limited (CDSL). Remote e-voting was open from September 26 to September 28, 2026. Ms. Monika Nagaraj, Designated Partner at SSMN & Associates LLP, served as the Scrutinizer. No physical proxies were required due to the virtual format.

The meeting commenced at 11:00 am and concluded at 11:34 am. Directors Mr. Vishnu Rajkumar Nischal and Mr. Baba Chandrasekar Ramakrishnan were absent due to other commitments. Statutory Auditors from M/s. Mohan & Venkataraman attended virtually.

What the numbers show

Scrutinizer reports indicate strong shareholder support across all items. For the adoption of financial statements and dividend declaration, 76,10,401 shares voted in favor, representing 100.00% of valid votes cast. Only four shares registered dissent, a negligible fraction of the total participation.

Notably, on the resolution regarding material related party transactions with Strike Right Integrated Services Limited, two promoter shareholders holding 75,93,283 equity shares abstained from voting. This resulted in a lower total vote count of 17,122 shares for this specific item, yet it still passed with 99.98% assent from participating non-promoter holders.

Lambodhara Textiles reported a 65.7% year-on-year increase in net profit to ₹357.10 lakh for the quarter ended June 30, 2026 (Q1FY26), despite an 8.8% decline in revenue from operations. The surge in profitability was primarily driven by a sharp reduction in finance costs, which fell 76.6% to ₹52.32 lakh from ₹223.27 lakh in the corresponding period last year, significantly boosting margins even as top-line growth contracted.

The Board of Directors approved the unaudited results on August 8, 2026, alongside proposals for material related-party transactions and the revision of remuneration for Whole-time Director Bosco Giulia. Total revenue stood at ₹5,584.98 lakh, down from ₹6,110.43 lakh in Q1FY25, with revenue from operations dropping to ₹5,388.35 lakh from ₹5,910.07 lakh. Profit before tax more than doubled to ₹520.30 lakh from ₹301.33 lakh. Earnings per share (basic) rose to ₹3.44 from ₹2.08.

Financial Performance Breakdown

Segment-wise, the Textiles business contributed ₹5,142.57 lakh to revenue, down from ₹5,631.90 lakh. Power Generation revenue declined 8.9% to ₹391.92 lakh from ₹430.12 lakh, while Real Estate revenue remained stable at ₹50.49 lakh. The Textiles segment’s result before finance cost and tax improved to ₹326.45 lakh from ₹296.05 lakh, aided by a reduction in segment-specific finance costs to ₹32.84 lakh from ₹122.04 lakh.

Corporate Governance and Board Actions

The Board approved several key governance matters during its meeting on August 8, 2026. It recommended the appointment of M/s. SSMN & Associates LLP as the Secretarial Auditor for FY27, filling the casual vacancy left by M/s. MDS & Associates LLP, who resigned effective July 31, 2026. This appointment is subject to shareholder approval at the upcoming Annual General Meeting (AGM).

Additionally, the Board proposed a revision in the remuneration of Bosco Giulia, Whole-time Director, subject to member approval. Her re-appointment for a three-year term starting September 28, 2026, was previously approved on May 30, 2026. The 32nd AGM is scheduled for September 29, 2026, with the register of members closing from September 23 to September 29, 2026, to determine dividend eligibility. The record date for dividend entitlement is September 22, 2026.

What the Numbers Show

The most notable aspect of Lambodhara Textiles’ Q1FY26 performance is the decoupling of profitability from top-line growth. While revenue contracted nearly 9%, net profit surged by over 65%. This indicates that cost optimization, particularly in interest expenses, played a more critical role than operational sales volume in driving bottom-line results. Finance costs dropped by 76.6%, suggesting either debt repayment or favorable refinancing terms, which significantly boosted margins despite softer textile revenues.