Laxmipati Engineering Works Limited has announced a postal ballot process to seek shareholder approval for a material related party transaction. The company issued the postal ballot notice dated February 24, 2026, in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Proposed Related Party Transaction

The company seeks approval for entering into material related party transactions with Laxmipati Apparel Private Limited (CIN: U13999GJ2022PTC134493). The proposed arrangement involves availing or rendering job work services relating to engineering work and fabrication as per business requirements.

E-Voting Schedule and Process

The company has established a comprehensive timeline for the postal ballot process, with all voting to be conducted through remote e-voting facility provided by Central Depository Services Limited (CDSL).

Transaction Details and Rationale

The proposed transaction represents 49.90% of the company's annual consolidated turnover for the immediately preceding financial year. The management has justified the transaction as being in the ordinary course of business and at arm's length basis. The arrangement is expected to facilitate smooth business operations, ensure consistent supply of services, and contribute to stable revenue generation for both entities.

The Audit Committee, comprising independent directors, has reviewed and approved the transaction after considering all relevant details including material terms and pricing basis. The transaction limit has been enhanced from the previously approved Rs. 5 crores to Rs. 25 crores, subject to shareholder approval.

Scrutinizer and Compliance

The Board of Directors has appointed Mr. Ranjit Binod Kejriwal, Practicing Company Secretary (Membership No. 6116, CP No. 5985), as the Scrutinizer to conduct the postal ballot process in a fair and transparent manner. The company has engaged Bigshare Services Private Limited as its Registrar and Share Transfer Agent.

In compliance with MCA circulars, the postal ballot notice is being sent only through electronic mode to shareholders whose email addresses are registered with the company's RTA or depositories. The notice contains procedures for shareholders to register their email addresses if not already done.

Voting Rights and Restrictions

Voting rights will be determined based on shareholdings as on the cut-off date of February 25, 2026. All related parties of the company, whether or not party to the proposed transaction, shall abstain from voting on the resolution as per SEBI Listing Regulations.

The resolution, if approved by the requisite majority, shall be deemed to have been passed as an Ordinary Resolution at a General Meeting on the last date of e-voting, i.e., March 31, 2026.

Source: None/Company/INE920P01019/1bc653dd-e3a3-4f26-8a75-5f6609bf3a83.pdf

Laxmipati engineering Works Limited has announced significant changes to its Key Managerial Personnel structure, informing BSE Limited about the resignation of its Company Secretary and the appointment of a new Company Secretary and Compliance Officer. The changes were communicated to the stock exchange on January 10, 2026, in compliance with regulatory requirements.

Key Management Personnel Changes

The company reported that Ms. Darshana Hareshbhai Gorasiya (ACS: 73274) has resigned from her position as Company Secretary and Compliance Officer. In her place, the company has appointed Ms. Payu Bhardwaj (ACS: 79654) as the new Company Secretary and Compliance Officer. These changes necessitated an update to the company's Key Managerial Personnel structure as mandated under SEBI regulations.

Updated Key Managerial Personnel Structure

Following the personnel changes, the company has provided an updated list of its Key Managerial Personnel to BSE Limited. The current KMP structure includes three key positions with their respective contact details for regulatory communication purposes.

Regulatory Compliance

The notification was made pursuant to Regulation 30(5) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation requires companies to inform stock exchanges about their authorized Key Managerial Personnel for determining the materiality of events or information and for making necessary disclosures to the exchanges.

The company has confirmed that this updated information is also available on its official website at www.laxmipatiengineering.com . The communication was signed by Director Rakesh Govindprasad Sarawagi (DIN: 00005665) and digitally authenticated on January 10, 2026.

Company Information

Laxmipati Engineering Works Limited trades on BSE with the scrip code 537669 and ISIN INE920P01019. The company maintains its registered office at the GIDC Pandesara location in Surat, Gujarat, where the Chief Financial Officer is also based for operational coordination.