Lerthai Finance held its 47th Annual General Meeting on September 3, 2026. The meeting was conducted through video conferencing in compliance with Ministry of Corporate Affairs and SEBI circulars.

Shareholders representing 75.001% of the total paid-up share capital participated in the proceedings. Mr. Shao Xing Max Yang chaired the meeting.

Key Resolutions Approved

The shareholders approved the following items of business:

• Adoption of the Audited Statement of Profit and Loss for the year ended March 31, 2026, and the Balance Sheet as at that date.
• Re-appointment of Ms. Aparna Goel (DIN: 00142961), who retires by rotation.
• Re-appointment of Mr. Shao Xing Max Yang (DIN: 08114973), who retires by rotation.

Attendance and Governance

Three directors were present during the meeting: Mr. Shao Xing Max Yang, Mr. Jayant Goel, and Ms. Ntasha Berry. Eight members attended via the video conferencing platform, either in person or through authorized representatives.

Ms. Snehal Shaligram, a Practicing Company Secretary, was appointed as the Scrutinizer for the poll. The scrutinizer’s report confirmed that all resolutions were approved with the requisite majority.

Lerthai Finance Limited will hold its 47th Annual General Meeting (AGM) on September 3, 2026, at 11:30 am IST via Video Conferencing or Other Audio Visual Means (OAVM). The meeting seeks shareholder approval for the adoption of audited financial statements for FY26 and the re-appointment of two key directors retiring by rotation: Ms. Aparna Goel and Mr. Shao Xing Max Yang.

The remote e-voting process for shareholders begins on August 31, 2026, at 9:00 am and concludes on September 2, 2026, at 5:00 pm. The register of members and share transfer books will remain closed from August 28, 2026, to September 3, 2026. Only shareholders recorded in the register as of the cut-off date on August 27, 2026, are eligible to vote. The company has engaged MUFG Intime India Private Limited as its Registrar and Share Transfer Agent to facilitate the e-voting and VC processes in compliance with Ministry of Corporate Affairs (MCA) circulars.

Key Agenda Items

The primary resolutions for the AGM involve ordinary business matters, specifically the adoption of audited financial statements and the re-appointment of directors. The details of the directors seeking re-appointment are outlined below:

Ms. Aparna Goel was first appointed to the Board on March 30, 2015, while Mr. Shao Xing Max Yang joined on May 30, 2018. Neither director receives a fixed remuneration; they are eligible only for sitting fees as approved by the Board pursuant to Section 203 of the Companies Act, 2013. Ms. Aparna Goel is the spouse of Mr. Jayant Goel, the Whole Time Director, but this relationship does not affect her eligibility for re-appointment under current regulations.

Financial Context and Governance

The AGM coincides with the formal adoption of FY26 results, which showed total income declining to ₹28.61 lakh from ₹46.93 lakh in FY25, while expenses rose to ₹68.25 lakh. The resulting net loss of ₹42.50 lakh reflects the ongoing transition phase after the discontinuation of manufacturing operations. The Board did not recommend any dividend for FY26 to conserve reserves.

Regarding corporate governance, the Secretarial Audit Report highlighted that the Board currently lacks a proper balance with only one Independent Director, Ms. Ntasha Berry. Consequently, separate meetings of independent directors were not held during the year. The Board has initiated a process to appoint additional independent directors to align with the Companies Act, 2013 requirements. M/s. B.D. Jokhakar & Co., Chartered Accountants, were re-appointed as Statutory Auditors for a five-year term starting from the conclusion of the previous AGM.