Veejay Lakshmi Engineering Works secured unanimous approval for its FY26 financial statements and the reappointment of Smt Arthi Anand as a director at its 51st Annual General Meeting. The resolutions passed with 100% of the votes cast, reflecting strong shareholder backing.

The meeting was held on September 14, 2026, in Coimbatore, with proceedings presided over by Chairman and Managing Director J. Anand. A total of 27 shareholders attended the physical session, comprising one promoter group representative and 26 public shareholders. The quorum was present, allowing the meeting to commence at 10:00 am and conclude at 12:30 pm.

Voting Results

The scrutinizer’s report, submitted by Sri K. Duraisami, Practicing Company Secretary, confirmed that both ordinary resolutions were passed with requisite majority. A total of 36 members voted, representing 2,100,963 votes (approximately 41.42% of total outstanding shares). All votes cast were in favour of the resolutions, with zero votes against or abstained.

The voting process included remote e-voting from September 11 to September 13, 2026, and ballot voting during the AGM. The promoter group contributed the majority of the polled votes, accounting for approximately 99.89% of the total votes cast across both resolutions.

Board Changes

The company reported changes to the Board of Directors during the fiscal year. Following the expiry of tenure for an independent director and the cessation of others, new appointments were made effective April 9, 2026:

Sri T.S.V. Rajagopal continues to serve as the Chairperson of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee.

Audit and Compliance

The Chairman confirmed that the Statutory Audit Report and Secretarial Audit Report for the year under review contained no qualifications or adverse comments. The Register of Shareholding of Directors and Key Managerial Personnel, along with the Register of Contracts or Arrangements, was kept open for inspection by members.

Voting results were declared within 48 hours of the meeting's close. The scrutinizer's report and voting outcomes were posted on the company website and stock exchange portals.

Veejay Lakshmi Engineering Works disclosed the transmission of 96,923 equity shares between promoter directors on August 28, 2026. The transfer was executed from ex-promoter chairman V.J. Jayaraman to the existing chairman and managing director, who is the nominee and heir.

The company filed a disclosure under Regulation 30 of the SEBI (LODR) regulations, 2015, with BSE Limited. The transaction represents an internal restructuring within the promoter group rather than an external sale or dilution.

Transaction Details

The key parameters of the share transmission are outlined below:

V.J. Jayaraman, identified by DIN 00137340 and PAN ADSPJ0096J, held the shares prior to the transmission. The transferee, holding DIN 00137425 and PAN ACBPA4631L, received the shares as the legal nominee.

Promoter Group Stability

The filing explicitly states that there has been no change in the promoters or Key Managerial Personnel (KMP) of the company. Both parties involved in the transaction are classified as promoter director-shareholders, ensuring continuity in the ownership structure's control block.

The transferee is a relative of the transferor, reinforcing the familial nature of the promoter group's holdings. This type of transmission typically occurs due to succession planning or estate management within family-owned businesses.