Laxmipati Engineering Works Limited held its 15th Annual General Meeting (AGM) on July 17, 2026, through video conferencing. The meeting was convened to transact business including the adoption of audited financial statements for the financial year ended March 31, 2026, and the re-appointment of a director liable to retire by rotation. Shareholders also approved an enhancement in the company's borrowing limits.

The AGM commenced at 11:00 A.M. and concluded at 11:24 A.M. with requisite quorum present. Mr. Sanjaykumar Govindprasad Sarawagi, Chairman and Executive Director, chaired the meeting. He informed members that the Annual Report for FY 2025-26 had been circulated via email. Mr. Amit Khandelwal, Manager, presented the operational and financial performance for the period and addressed queries received from members prior to the meeting.

Key Resolutions

The business transacted at the meeting included ordinary and special resolutions. The ordinary business covered the adoption of financial statements and the re-appointment of Mr. Rakesh Govindprasad Sarawagi, Executive Director (DIN: 00005665), who was eligible for re-appointment. The special business involved approving the enhancement of borrowing limits under Section 180(1)(c) of the Companies Act, 2013.

Attendees and Voting

Mr. Ranjit Binod Kejriwal, Practicing Company Secretary, was appointed as the Scrutinizer for the e-voting process. The e-voting platform was accessible from July 14, 2026, at 9:00 A.M. until July 16, 2026, at 5:00 P.M. Following the conclusion of the AGM, the platform remained open for an additional 15 minutes to facilitate voting. A total of 15 shareholders participated through video conferencing.

Laxmipati Engineering Works Limited reported a net profit of ₹2703.59 lakhs for the financial year ended March 31, 2026, a substantial increase from ₹649.91 lakhs in the previous year. Revenue from operations rose to ₹7199.37 lakhs from ₹5009.29 lakhs in FY25. The company’s board has scheduled the 15th Annual General Meeting for July 17, 2026, at 11.00 A.M. via video conferencing to adopt the audited financial statements for FY26.

Financial Performance

The company’s total income for FY26 stood at ₹7238.23 lakhs compared to ₹5014.41 lakhs in the previous year. Profit before tax increased to ₹3278.89 lakhs from ₹466.85 lakhs. The board attributed the strong performance to improved operational efficiencies, higher order volumes, and exceptional income recognized during the year. Earnings per share (basic) improved to ₹47.00 from ₹11.30 in the prior year.

AGM Agenda

Shareholders will consider the adoption of audited financial statements and the re-appointment of Mr. Rakesh Govindprasad Sarawagi, Executive Director (DIN: 00005665), who is liable to retire by rotation. The board has also proposed a special resolution to enhance the company's borrowing powers under Section 180(1)(c) of the Companies Act, 2013. The proposal seeks to increase the borrowing limit from the existing ₹100 crore to ₹200 crore to meet growing operational requirements, working capital needs, and capital expenditure.

E-Voting and Participation

Remote e-voting will commence on July 14, 2026, at 9.00 A.M. and conclude on July 16, 2026, at 5.00 P.M. The record date for determining shareholder eligibility is July 10, 2026. The company has appointed Central Depository Services (India) Limited (CDSL) as the authorized e-voting agency. Members may attend the AGM through VC/OAVM, with the facility available to at least 1000 members on a first-come, first-served basis.