Lesha Industries has scheduled its 34th Annual General Meeting (AGM) for September 18, 2026, at 3:30 pm via Video Conferencing or other Audio-Visual Means. The company notified BSE Limited on August 25, 2026, and published newspaper advertisements on August 26, 2026, pursuant to Regulation 30 and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board of Directors approved the agenda on August 21, 2026. The company has dispatched letters to non-email shareholders under Regulation 36(1)(b) with links to access the Annual Report for FY26.

E-voting and Book Closure Details

Remote e-voting will commence on September 15, 2026, at 9:00 am and conclude on September 17, 2026, at 5:00 pm. The cut-off date to determine entitlement for e-voting is September 11, 2026.

Pursuant to Section 91 of the Companies Act, 2013 and Regulation 42 of the SEBI Listing Regulations, the register of members and share transfer books will remain closed from September 12, 2026, to September 18, 2026 (both days inclusive).

Members attending the AGM who have not voted remotely can cast their votes during the meeting. Members who have already cast remote votes may attend but cannot vote again.

Auditor Appointment

The AGM will seek member approval for appointing M/s. Khimani & Co. as statutory auditors for five years. The firm will serve from the conclusion of the 34th AGM until the 39th AGM in 2031. This replaces M/s Keyur Bavishi & Co., which completes its mandatory five-year term after FY26.

Related-Party Transactions

Shareholders will vote on special resolutions for material related-party transactions with five entities. Each transaction is capped at ₹150 crore for FY27-28. The transactions are proposed on an arm’s length basis in the ordinary course of business.

Director Reappointment

Mr. Ashok Chinubhai Shah retires by rotation and offers himself for reappointment as a Non-Executive Director. He holds 26 million equity shares in the company.

Lesha Industries reported a 41% year-on-year increase in standalone net profit to ₹2.14 lakh for the quarter ended June 30, 2026 (Q1FY27), driven by stable other income despite recording zero revenue from operations. The company also announced that its 34th Annual General Meeting (AGM) will be held on Friday, September 18, 2026, via Video Conferencing (VC) or Other Audio Visual Means (OAVM), with remote e-voting open from September 15 to September 17, 2026.

The Board of Directors approved the unaudited financial results on August 11, 2026, following a limited review by statutory auditors Keyur Bavishi & Co. The results were subsequently disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with newspaper advertisements published on August 12, 2026. Leena A. Shah, Managing Director, signed the intimation letter addressed to the Department of Corporate Services at BSE Limited.

Financial Performance

Lesha Industries maintained profitability through non-operational sources while keeping operational expenses under control. Total expenses declined by 7.8% to ₹7.28 lakh from ₹7.90 lakh in Q1FY26. Other income remained constant at ₹9.42 lakh, contributing entirely to the profit before tax.

Corporate Governance and AGM Details

Shareholders are advised that the Register of Members and Share Transfer Books will remain closed from Saturday, September 12, 2026, through Friday, September 18, 2026, inclusive. This closure is mandated under Regulation 42 of the SEBI LODR Regulations, 2015, to facilitate the preparation of the record list for the AGM. The cut-off date for determining voting eligibility is Friday, September 11, 2026.

The upcoming AGM will address several corporate actions pending shareholder approval, including related party transactions under Section 188 of the Companies Act, 2013, and Regulation 23 of the SEBI LODR Regulations. Additionally, the Board has approved shifting the registered office from Ashoka Chambers, Mithakhali Six Road, to Corporate House-2, Anam-2, Iscon Ambli BRTS Road, Bopal, Ahmedabad. Both locations remain within the local limits of Ahmedabad.

What the Numbers Show

The financial data highlights a distinct divergence between operational activity and profitability. While revenue from operations has been zero for three consecutive quarters (Q4FY26, Q1FY27), the company maintained profitability through other income and strict cost control. The decline in employee benefits expense suggests a reduction in active headcount or variable pay components, contributing to the 41% year-on-year rise in net profit despite stagnant top-line figures. This pattern indicates a shift towards a holding or investment-oriented structure in the short term, rather than active trading operations.