Lorenzini apparels Limited has formally announced the resignation of Mr. Ankush Mittal from his position as Company Secretary and Compliance Officer. The resignation, submitted on March 30, 2026, becomes effective from the close of business hours on March 31, 2026.

Resignation Details

The company has informed both BSE and NSE about this key personnel change under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The notification was signed by Managing Director and Chief Financial Officer Sandeep Jain.

Regulatory Compliance

The resignation was reported in compliance with SEBI regulations, specifically under Regulation 30 read with Para A, Part A of Schedule III of SEBI Listing Regulations. The company has also referenced SEBI Circular No SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, ensuring full regulatory compliance in the disclosure process.

Transition Process

In his resignation letter, Mittal expressed gratitude for the support and opportunities provided during his tenure with Lorenzini Apparels Limited. He acknowledged the mentorship received from leadership and colleagues, describing his time with the organization as an enriching experience that contributed significantly to his professional growth.

The company has confirmed that it is actively in the process of identifying and hiring a suitable candidate for the Company Secretary and Compliance Officer position. Stock exchanges will be informed once the vacancy is filled, ensuring continuity in regulatory compliance and corporate governance functions.

Company Information

Lorenzini Apparels Limited operates as an ISO 9001:2015 certified company with CIN L17120DL2007PLC163192. The company is listed on both BSE (Scrip Code: 540952) and NSE (Symbol: LAL), maintaining its commitment to transparency and regulatory compliance in all corporate communications.

Lorenzini Apparels Limited has successfully concluded its postal ballot and remote e-voting process on March 27, 2026, with shareholders approving all three proposed resolutions. The company conducted the voting process pursuant to Section 110 and other applicable provisions of the Companies Act, 2013, read with Companies (Management and Administration) Rules, 2014.

Key Resolutions Approved

The shareholders approved three significant resolutions through the electronic voting process:

Voting Results and Participation

The voting process demonstrated strong shareholder support across all resolutions. For the appointment of Mr. Ish Sadana as Independent Director, 122636733 votes were cast in favour, representing 99.9952% of total votes polled. The resolution received support from 84 shareholders, with only 5846 votes against.

Similarly, Ms. Monam Kapoor's appointment as Independent Director garnered 122637073 votes in favour from 85 shareholders, constituting 99.9955% of votes polled. The resolution faced minimal opposition with 5506 votes against from 6 shareholders.

Trademark Transfer Resolution

The third resolution regarding the transfer of trademark "Mr button" to Mr Button Private Limited was categorized as a related party transaction. Due to the interested party nature, promoter votes totaling 97029754 shares were excluded from consideration. Additionally, 174224 votes from Mr. Mohinder Rustagi, being a Director and Member of Mr Button Private Limited, were not considered. Despite these exclusions, the resolution passed with 25431957 votes in favour.

Scrutinizer and Process Details

CS Anuj Gupta of M/s. Anuj Gupta & Associates served as the appointed scrutinizer for the voting process. The scrutinizer was appointed by the Board of Directors in their meeting held on February 14, 2026. The e-voting facility was available from 9:00 AM on February 25, 2026, to 5:00 PM on March 26, 2026.

Compliance and Documentation

The company has submitted the voting results and scrutinizer's report to BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The postal ballot notice was published in Financial Express (English) and Jansatta (Hindi) on February 25, 2026, and made available on the company's website and stock exchange platforms.

The successful completion of this postal ballot process enables Lorenzini Apparels Limited to proceed with the approved appointments and trademark transfer, strengthening its board composition with independent directors and facilitating the planned related party transaction.