LS Industries Limited adjourned its 32nd Annual General Meeting (AGM) scheduled for September 30, 2026, because the required quorum was not present within half an hour of the appointed time. The meeting has been rescheduled for Wednesday, October 7, 2026, at the company's registered office in Solan, Himachal Pradesh.

The adjournment was executed pursuant to Section 103(2) of the Companies Act, 2013, and Secretarial Standard-2 (SS-2). The original meeting was set for 11:30 am at Village Bairsen, P.O.-Manjholi, Tehsil-Nalagarh. Since the statutory minimum attendance was not achieved, the proceedings could not commence as planned.

Implications for voting and notice

The company clarified that the electronic voting results declared for the September 30 meeting will remain valid for the adjourned session. Only a poll or ballot will be conducted at the venue during the rescheduled meeting. Furthermore, no fresh notice will be issued to shareholders for the October 7 session, streamlining the administrative process for the second attempt.

The intimation was filed with BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Nipun Goyal, Managing Director of LS Industries, signed off on the disclosure confirming the procedural compliance with corporate governance norms.

LS Industries Limited has accepted the resignation of Naveen Kumar Gupta from his roles as Director and Chief Financial Officer. The departure takes effect on October 1, 2026.

Gupta cited preoccupation as the reason for stepping down. He had been appointed as a Director on April 14, 2025, and subsequently assumed the CFO role on July 1, 2025.

Resignation Details

The company received Gupta’s resignation letter on September 10, 2026. In his letter, he stated he was unable to devote sufficient time to the company’s affairs due to other commitments.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Managing Director Nipun Goyal signed the communication to the BSE Listing Compliance Manager.

Gupta confirmed there are no material reasons for his resignation other than those stated. The company noted that necessary formalities under the Companies Act, 2013, will be completed accordingly.