lg electronics India Limited will hold its 29th Annual General Meeting (AGM) on Friday, August 21, 2026, to appoint M/s. Deloitte Haskins & Sells Chartered Accountants LLP as its new statutory auditor for a five-year term. The appointment replaces M/s. Price Waterhouse Chartered Accountants LLP, which is completing its second term, with an annual remuneration set at ₹1.68 crore plus applicable taxes and out-of-pocket expenses. This governance update ensures continuity in audit oversight while aligning with regulatory mandates for auditor rotation under the Companies Act, 2013.

The Board of Directors, acting on the recommendation of the Audit Committee, proposed the appointment of Deloitte to hold office from the conclusion of the current AGM until the conclusion of the AGM in 2031. The selected firm was evaluated based on professional independence, industry experience, technical skills, and use of specialized audit tools. The annual fee represents no material change from the remuneration paid to the retiring auditors for the financial year ended March 31, 2026. In addition to the statutory audit, shareholders will vote on the ratification of remuneration for cost auditors and the appointment of secretarial auditors.

Key Auditor Appointments and Remuneration

The AGM agenda includes several critical audit-related resolutions aimed at strengthening compliance frameworks. Shareholders will ratify the remuneration of M/s J.K. Kabra & Co., Cost Accountants, for conducting the cost audit for the financial year ending March 31, 2027, at a fee of ₹2,50,000 plus taxes and expenses. Furthermore, the company seeks approval to appoint M/s Dhananjay Shukla & Associates, Practising Company Secretaries, as Secretarial Auditor for five years, from Financial Years 2026-2027 to 2030-2031. The proposed remuneration for the secretarial audit for FY27 is ₹3,50,000 plus taxes and expenses.

Director Re-appointment and Governance

Hong Ju Jeon (DIN: 10041232), who serves as the Managing Director, retires by rotation and offers himself for re-appointment. Jeon, who joined the LG group in October 1994 and the Indian subsidiary in December 2022, holds a master’s degree in business administration from Thunderbird School of Global Management. He chairs the Risk Management Committee and is a member of the Stakeholders Relationship Committee. None of the directors or key managerial personnel have any financial interest in these resolutions.

E-Voting and Meeting Logistics

The remote e-voting period commences on Tuesday, August 18, 2026, at 9:00 a.m. IST and ends on Thursday, August 20, 2026, at 5:00 p.m. IST. Only members holding shares as on the cut-off date of Friday, August 14, 2026, are eligible to vote. The company has engaged National Securities Depository Limited (NSDL) to facilitate electronic voting. Mr. Neeraj Arora of Neeraj Arora & Associates has been appointed as the Scrutinizer for the e-voting process. Members are advised to update their email addresses with their Depository Participants or the Registrar and Transfer Agent to access the annual report and e-voting facilities electronically.

LG Electronics India Limited voluntarily submitted its Business Responsibility and Sustainability Report (BRSR) for FY2025-26 to the National Stock Exchange of India Limited and BSE Limited on July 29, 2026. Although the company was listed during the financial year, making BRSR preparation non-mandatory under Regulation 34(2)(f) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it opted to file the report to demonstrate transparency and corporate governance. The report details significant improvements in environmental efficiency, workforce safety, and stakeholder engagement, signaling a strong commitment to sustainable business practices beyond regulatory minimums.

Business Operations and Financial Overview

LG Electronics India Limited, incorporated on January 20, 1997, operates two manufacturing plants and 49 offices across India. Its business is primarily driven by manufacturing, which accounted for 89% of turnover, while trading contributed 11%. The company reported a total turnover of ₹2,46,049 million and a net worth of ₹76,291 million for FY2025-26. Exports contributed 5.65% of total turnover, with products sold in over 50 countries. The paid-up capital stands at ₹6,78,77,23,920.

Environmental Performance and Efficiency

The company demonstrated improved resource efficiency in FY2025-26. Total water consumption decreased to 4,54,215 kilolitres from 5,57,013 kilolitres in FY2024-25, while total energy consumption rose slightly to 3,80,260.98 Giga Joules from 3,38,910.69 Giga Joules. Renewable energy sources contributed 1,222.97 Giga Joules. The company maintains a Zero Liquid Discharge mechanism, reusing 100% of treated water within its compound boundary. Greenhouse gas emissions saw an increase in Scope 1 emissions to 4,455.82 MTCO2e from 2,778.57 MTCO2e, while Scope 2 emissions rose to 61,407.49 MTCO2e from 60,449.36 MTCO2e.

Workforce Safety and Human Rights

Safety metrics remained stable with a Lost Time Injury Frequency Rate (LTIFR) of 0.09 per one million person-hours worked for employees, consistent with FY2024-25. There were zero fatalities and zero high-consequence work-related injuries. The company reported one sexual harassment complaint under the POSH Act during FY2025-26, down from two in the previous year, with none upheld. All 3,238 employees and 4,430 workers received 100% coverage under human rights training. The workforce comprised 3,238 employees (7.5% female) and 4,430 workers (3% female).

CSR and Stakeholder Engagement

Under Section 135 of the Companies Act, 2013, LG Electronics India’s CSR initiatives benefited over 1,20,000 persons through its Nutrition Program, 1,200 through the LG Hope Technical Skill Academy, and 1,600 through the CSR Retail Skills Training Program. All beneficiaries belonged to vulnerable and marginalized groups. Customer complaints received totaled 85,715, up from 71,743 in FY2024-25, with no pending complaints at year-end. Shareholder complaints stood at 100 filed, with one pending.