Logica Infoway board of directors approved the reappointment of Whole-time Director Shweta Goel and revised remuneration for key management personnel during its meeting held on September 1, 2026. The board also scheduled the company’s 31st Annual General Meeting (AGM) for September 30, 2026.

The meeting, which commenced at 4:00 pm and concluded at 7:20 pm at the company’s registered office, focused on governance updates and routine corporate actions rather than financial results. No financial performance metrics were disclosed in the outcome announcement.

Governance and Management Updates

The board considered several key governance matters, subject to shareholder approval at the ensuing AGM. Mrs. Shweta Goel, who retires by rotation, has offered herself for reappointment as Whole-time Director. She is a promoter of the company and has been associated with it since December 2, 2002. She was redesignated as Whole-time Director on April 1, 2017.

The Nomination and Remuneration Committee also recommended a revision in the remuneration of Managing Director Mr. Gaurav Goel and Whole-time Director Mrs. Shweta Goel. This revision requires shareholder approval at the upcoming AGM.

Related Party Transactions and CSR

The board renewed limits for Material Related Party Transactions with three entities: Sonartari Tradelink Private Limited, Himadri Dealcom Private Limited, and Logica Systems & Peripherals Private Limited. These transactions are proposed to be undertaken in the ordinary course of business on an arm’s length basis. The renewal was approved at the previous AGM held on September 25, 2025, and is now recommended for shareholder approval again.

Additionally, the Corporate Social Responsibility Committee and Audit Committee recommended the appointment of Super Soul Foundation as an implementing agency for the company’s CSR activities.

AGM and Voting Details

The 31st AGM will be held on Wednesday, September 30, 2026, at 12:30 pm through Video Conferencing or Other Audio-Visual Means. The cut-off date for determining member eligibility for remote e-voting is Friday, September 25, 2026.

Remote e-voting will be available from Sunday, September 27, 2026, at 9:00 am until Tuesday, September 29, 2026, at 5:00 pm. The company appointed Mr. Altab Uddin Kazi, Proprietor of Altab Kazi & Associates, as Scrutinizer for the voting process. E-services from NSDL will facilitate the e-voting facility.

Other Approvals

The board took note of the Secretarial Audit Report for the financial year ended March 31, 2026, from Mr. Vaskar Das, Practicing Company Secretary. It also approved the Management Discussion and Analysis (MDA) Report and the Directors’ Report for FY26, ensuring compliance with Section 134 of the Companies Act, 2013 and SEBI LODR Regulations, 2015.

Logica Infoway has announced a structured expansion plan for its IT and smartphone retail business, setting a near-term target of scaling its store network to over 100 outlets by the end of FY27. The company's broader strategic vision encompasses the creation of a 500-store omni-channel presence, with a focus on both urban centres and Tier-II markets.

Retail Expansion Roadmap

The company's growth strategy is built around two distinct phases, with clear milestones outlined for the near and long term. The following table summarises the key parameters of Logica Infoway's retail expansion plan:

Omni-Channel Strategy

Logica Infoway's long-term objective centres on building a 500-store omni-channel presence, integrating both physical retail outlets and digital touchpoints. The strategy specifically targets urban and Tier-II markets, reflecting the company's intent to tap into the growing demand for IT products and smartphones beyond metropolitan areas. The omni-channel approach is designed to provide customers with a seamless shopping experience across multiple platforms and store formats.

Key Highlights

• Expansion of IT and smartphone retail network to over 100 stores by end of FY27
• Long-term objective of establishing a 500-store omni-channel retail network
• Strategic focus on both urban centres and Tier-II markets
• Business segment covers IT and smartphone retail

The company's phased approach to retail expansion underscores its commitment to strengthening its footprint in India's growing consumer technology market, with Tier-II markets forming a key pillar of its long-term distribution strategy.