Le Lavoir Limited has circulated an addendum to its Annual General Meeting notice, adding specific resolutions for the regularization of two independent director appointments and approval of material related party transactions.

The addendum, dated September 22, 2026, introduces Agenda Items 8 through 10 for the AGM scheduled on Tuesday, September 29, 2026. These items seek shareholder approval for the appointment of Manish Shrichand Bachani and Parin Shirishkumar Bhavsar as independent directors and for related party transactions with Grace Marketing up to ₹3 crore.

Director appointments and committee changes

The board meeting held on September 22, 2026, initially approved the appointment of Bachani (DIN: 08013906) and Bhavsar (DIN: 09134264) as additional non-executive independent directors. The new agenda items now seek to regularize these appointments via special resolutions for a five-year term until September 21, 2031.

Following the appointments, the company reconstituted its Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee. In all three committees, Himanshu Keshubhai Togadiya serves as Chairperson, while Bhavsar and Ashok Dilipkumar Jain serve as members.

Material related party transactions

The board approved an ordinary resolution to authorize transactions with Grace Marketing, a sole proprietorship entity in which Whole-time Director Swaroop Dylon has common control. The proposed aggregate value of these transactions for FY27 is capped at ₹3 crore.

The transactions cover a broad range of activities, including the sale or purchase of goods, leasing of property, availing services, and underwriting securities. The duration of the arrangement is set for one year, from April 1, 2026, to March 31, 2027.

What the numbers show

The proposed transaction value of ₹3 crore represents 45.18% of the company's annual consolidated turnover for the immediately preceding financial year. This figure significantly exceeds the materiality threshold defined under SEBI Listing Regulations for SME listed entities, which is the lower of ₹50 crore or 10% of annual consolidated turnover. Given the company's FY25-26 consolidated turnover of ₹6.64 crore, the 10% threshold stands at approximately ₹0.66 crore, making the proposed ₹3 crore deal materially significant and necessitating shareholder approval.

Director profiles

Manish Shrichand Bachani holds a Bachelor of Commerce degree from Gujarat University. His expertise lies in marketing management, business operations, project management, and contract management. He holds directorships in Scarnose International Limited and Add-Shop E-Retail Limited but holds no shares in Le Lavoir.

Parin Shirishkumar Bhavsar is a qualified Company Secretary with six years of experience in corporate compliance and governance. He holds a Company Secretary qualification from ICSI (2017), an M.Com from Gujarat University (2016), and a B.Com from H.L. College of Commerce (2013). He serves as a member of the Audit and Nomination Committees at Svarnim Trade Udyog Limited. Neither director is related to any other director of the company.

Le Lavoir Limited has announced that its register of members and share transfer books will remain closed from September 22, 2026 to September 29, 2026 for its 45th Annual General Meeting.

The company appointed Swaroop Dylon as Whole-time Director effective September 2, 2026. The Board approved this appointment during a meeting held on the same date at its registered office in Rajkot, Gujarat.

Book Closure Details

The book closure is intended to determine shareholders eligible to receive the notice and participate in e-voting for the 45th AGM. The cutoff date for determining shareholders for sending notices is August 28, 2026. For e-voting participation, the cutoff date is September 22, 2026.

The appointment of Mr. Dylon requires ratification by shareholders at the upcoming General Meeting. The Board has revised the notice for the 45th AGM to include this agenda item.

Appointment Background

Mr. Dylon brings over 14 years of experience in the quarry mining distribution industry. He holds a Bachelor of Commerce degree from Mangalore University, completed in 2001. His expertise spans distribution management, business development, and supply-chain coordination.

Ashok Dilipkumar Jain, Director, signed both the intimation of the book closure and the director appointment filing with BSE Limited. The disclosures were made pursuant to Regulation 30 and Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.