LG Electronics India Limited has successfully concluded its postal ballot process, with shareholders approving two key ordinary resolutions through remote e-voting. The company announced the results on April 02, 2026, following the completion of the voting period on March 31, 2026.

Postal Ballot Process Overview

The postal ballot was conducted in accordance with Sections 108 and 110 of the Companies Act, 2013, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Neeraj Arora & Associates, Company Secretaries, served as the scrutinizers for the process.

The voting process was conducted entirely through electronic means via the NSDL platform from Monday, March 02, 2026 at 9:00 A.M. (IST) to Tuesday, March 31, 2026 at 5:00 P.M. (IST). The cut-off date for determining eligible shareholders was February 20, 2026, with the company having 1,022,600 shareholders on record.

Resolution Results

Re-appointment of Executive Director

The first resolution concerning the re-appointment of Mr. Dongmyung Seo (DIN: 09481866) as Whole Time Director (designated as Executive Director) received strong shareholder support:

Material Related Party Transactions

The second resolution for approval of material related party transactions between LG Electronics India Limited and LG Electronics Inc., the promoter company, achieved near-unanimous approval:

Voting Participation and Process

The postal ballot notice was dispatched on March 01, 2026, through email to all eligible shareholders who had registered their email addresses with the company, depositories, or registrar and share transfer agents. An advertisement regarding the dispatch was published on March 02, 2026, in Financial Express (English) and Jansatta (Hindi) newspapers.

A total of 3,093 voters participated in the first resolution, while 3,096 voters participated in the second resolution. The remote e-voting was unblocked on March 31, 2026, after 5:00 P.M. in the presence of two independent witnesses.

Regulatory Compliance

The postal ballot process was conducted in compliance with the latest MCA General Circular No. 03/2025 dated September 22, 2025, which mandates electronic voting only. The scrutinizer's report was issued on April 02, 2026, confirming that both ordinary resolutions were passed with the requisite majority.

The company has made the complete voting results and scrutinizer's report available on its website at www.lg.com/in/investorrelations/pdflinks-notices/ for stakeholder reference.

LG Electronics India has achieved a landmark milestone by selling over 1 million air conditioners during the first quarter of calendar year 2026, marking the fastest and strongest start to a summer season in the company's history in India. This record-breaking performance was announced through an official press release under Regulation 30 of SEBI regulations on April 02, 2026.

Record-Breaking Sales Achievement

The achievement of selling over 1 million air conditioning units in a single quarter represents a significant milestone that underscores LG Electronics India's exceptional execution capabilities and supply chain agility. This performance cements the company's position as the decisive leader in India's fast-growing and highly competitive air conditioner market.

Executive Leadership Perspective

Commenting on this landmark achievement, Mr. Hong Ju Jeon, Managing Director, LG Electronics India, stated that crossing 1 million AC sales in a single quarter is not just a commercial milestone but a powerful statement of consumer trust. He emphasized that India is one of LG's most strategically vital markets globally, reflecting the company's deep commitment to consumers, partners, and India's sustainable development.

Mr. Sanjay Chitkara, Director & Co-Chief Sales and Marketing Officer, highlighted the company's focus on delivering advanced, energy-efficient cooling solutions tailored for domestic and global consumers. He expressed strong motivation with the first quarter performance and anticipated stronger demand in Q2 CY26, aided by GST cuts on air conditioners.

Strategic Market Positioning

A key driver of this achievement was LG Electronics India's first-mover advantage in launching its new BEE star-rated compliant AC line-up well ahead of the season. This strategic timing ensured that retail partners and consumers could seamlessly transition to superior, energy-efficient products without disruption. The company's marketing campaign during the ICC World Cup delivered significant reach and consumer engagement, driving unprecedented brand salience and purchase intent.

Innovation and Technology Leadership

LG Electronics India's 2026 AC range features differentiated smart technologies addressing Indian consumer needs. The PreCool feature enables remote cooling activation, while HimClean proprietary technology ensures sustained hygiene and peak performance in India's high-dust, high-humidity environment. Energy Manager Plus provides real-time power consumption visibility, addressing electricity cost concerns that remain barriers to AC adoption in India.

The company's flagship 6-in-1 Convertible Cooling technology offers operational flexibility with rated cooling capacity up to 5300W and maximum capacity of 6300W. Additionally, the Government of India's GST reduction on air conditioners from 28% to 18% has improved affordability and accelerated energy-efficient cooling democratization across urban and semi-urban India.