Lee & Nee Softwares (Exports) Ltd adopted its audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026, during its 38th Annual General Meeting held on September 29, 2026. The meeting, conducted via video conferencing, also ratified key leadership changes including the appointment of a new independent director.

Key resolutions passed

The company informed BSE that all proposed business items were transacted through remote e-voting and e-voting at the meeting. The resolutions covered the adoption of accounts, director re-appointments, and remuneration adjustments.

Leadership and governance updates

Sagar Mal Gupta, who retired by rotation, was re-appointed following his eligibility confirmation. The board also approved the appointment of Kirrti Lahoti as an Independent Director via a special resolution. Additionally, shareholders approved an increase in the remuneration of Mahesh Gupta, who serves as the CEO and Managing Director of the company.

Voting and compliance

The company provided remote e-voting facilities from September 26, 2026, to September 28, 2026. The meeting concluded at 12:00 pm. The final voting results will be forwarded separately in accordance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Lee & Nee Softwares (Exports) Ltd has scheduled its 38th Annual General Meeting for September 29, 2026. The meeting will address critical governance matters, including a significant increase in executive compensation and the appointment of a new independent director.

The company will hold the meeting through Video Conferencing or Other Audio-Visual Means. Remote e-voting will be open from September 26 to September 28, 2026. The cut-off date to determine voting eligibility is September 22, 2026.

Key Agenda Items

The notice outlines two primary special business items requiring shareholder approval via special resolution.

Director Appointments

Shareholders will vote to appoint Mrs. Kirrti Lahoti as a Non-Executive & Independent Director. She is a practicing Chartered Accountant with expertise in Company Law, auditing, and securities regulations. Her appointment is effective from August 13, 2026, for a five-year term.

Additionally, Mr. Sagar Mal Gupta retires by rotation and offers himself for re-appointment as a director.

Executive Remuneration Revision

The Board seeks approval to increase the monthly remuneration of Mr. Mahesh Gupta, Managing Director & CEO. The proposed hike raises his salary from ₹1,00,000 to ₹1,50,000 per month, effective October 1, 2026. This represents a 50% increase in his fixed compensation.

The Nomination and Remuneration Committee recommended the revision based on his leadership performance and the company's growth trajectory. The new remuneration structure applies even in years with absence or inadequacy of profits, as minimum remuneration under Schedule V of the Companies Act, 2013.

What the Numbers Show

The proposed remuneration increase for the Managing Director signals a shift in fixed cost structures for the leadership team. Moving from ₹1,00,000 to ₹1,50,000 per month adds ₹6,00,000 annually to the company’s administrative expenses. Given that this amount is designated as minimum remuneration payable regardless of profit adequacy, it establishes a higher floor for executive costs in future financial years, potentially impacting net profit margins during periods of lower revenue generation.

Meeting Logistics

The Register of Members and Share Transfer Books will remain closed from September 26 to September 28, 2026. Physical attendance is dispensed with pursuant to Ministry of Corporate Affairs circulars. Shareholders holding shares as of the cut-off date can participate and vote electronically via the NSDL e-voting system.