Linaks Micro Electronics Limited held its 41st Annual General Meeting on September 29, 2026, where shareholders adopted the audited financial statements for FY26 and approved key governance changes. The meeting marked a step in the company's post-insolvency revival efforts.

The company confirmed that the proceedings were conducted via video conferencing in compliance with SEBI regulations. A total of 49 members participated through the digital platform. The agenda included the re-appointment of one director and the induction of three new non-executive independent directors to strengthen the board's composition.

Governance and board appointments

Shareholders passed five resolutions during the meeting. These included the adoption of the Board of Directors' report and the audited accounts for the fiscal year ended March 31, 2026. Additionally, Ms. Ishu Mishra was re-appointed as a director following her retirement by rotation.

The meeting also saw the approval of three special resolutions for the appointment of new independent directors. This move aims to enhance oversight as the company addresses operational challenges.

Management commentary on revival

Managing Director Shashi Shekhar Mishra informed members that Linaks Micro has emerged from proceedings under the Insolvency and Bankruptcy Code. He acknowledged that the company continues to face operational and financial hurdles stemming from this period.

The management stated it is taking measures to revive operations and strengthen its financial position. The focus remains on exploring business opportunities to establish a sustainable foundation for future growth. The company expressed gratitude to shareholders for their continued trust during this challenging phase.

Voting and compliance details

The voting process was scrutinized by Pawan Kumar Mishra, a practicing company secretary appointed by the board. Remote e-voting facilities were available through NSDL, while live e-voting was managed by Beetal Financial & Computer Services Private Limited, the company's registrar and transfer agent.

The results of the voting, along with the scrutinizer's report, will be submitted to the BSE within the prescribed timeline. These documents will also be made available on the company's website and relevant portals.

Linaks Microelectronics Limited has set September 22, 2026 as the record date for shareholders to be eligible for its 41st annual general meeting. The meeting is scheduled for September 29, 2026.

The register of members and share transfer books will remain closed from Tuesday, September 22, 2026 to Tuesday, September 29, 2026 (both days inclusive). This closure facilitates the determination of eligible shareholders for the AGM.

Board Changes

On September 4, 2026, the company appointed three new independent directors and reconstituted its board committees. The appointments of Ms. Anu Shukla, Ms. Vedangi Singh, and Mr. Aman Bajpai were approved subject to shareholder approval. Each director will serve a five-year term commencing from September 4, 2026, to September 3, 2031.

These appointments coincide with the resignation of two existing independent directors. Mr. Prakash Chandra Srivastava and Ms. Komilla Singh ceased to be independent directors with effect from September 4, 2026. Both cited other professional commitments and unavoidable reasons for their departure, confirming no material reasons other than those stated.

The board approved the new composition of various committees subsequent to these changes. Ms. Vedangi Singh was appointed Chairperson of both the Audit Committee and the Stakeholders cum Share Transfer Committee. Ms. Anu Shukla was appointed Chairperson of the Nomination and Remuneration Committee.

AGM and Compliance

The board approved convening the 41st Annual General Meeting on Tuesday, September 29, 2026, at 3:00 pm through video conferencing or other audio-visual means. Remote e-voting will be open from September 26, 2026, to September 28, 2026. The cut-off date for remote e-voting is September 22, 2026.

M/s P. K. Mishra & Associates was appointed as the Secretarial Auditor for FY27 and as the Scrutinizer for the remote e-voting process at the upcoming AGM. The firm holds registration number S2016DE382600.