LK Mehta Polymers Limited announced a significant change in its key personnel as Akash Rajput, the Whole Time Company Secretary and Compliance Officer, tendered his resignation. The company disclosed this information in a regulatory filing to the BSE Limited.

Key Details of the Resignation

Company's Response

The Board of Directors of LK Mehta Polymers Limited has accepted Rajput's resignation. The company stated that it will complete the necessary formalities regarding his resignation in due course. As part of this transition, Akash Rajput will also cease to be a Key Managerial Personnel under the provisions of Section 203 and other applicable provisions of the Companies Act, 2013.

Regulatory Compliance

This announcement adheres to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that there are no other material reasons for the resignation other than those provided in Rajput's resignation letter.

Impact on Company Operations

The departure of a key compliance officer may affect a company's regulatory adherence and corporate governance. However, LK Mehta Polymers Limited has not provided any information regarding a successor or interim arrangements for the position. Shareholders and stakeholders will likely be interested in how the company manages this transition and maintains its compliance standards.

The resignation of a Company Secretary, who plays a crucial role in ensuring regulatory compliance and corporate governance, is a significant event for any listed company. Investors may monitor how LK Mehta Polymers Limited addresses this change in its key managerial personnel and maintains its compliance with regulatory requirements in the interim period.

L.K. Mehta Polymers Limited has successfully obtained shareholder approval for material related party transactions through a postal ballot process. The company sought approval to conduct business transactions worth up to ₹10.00 crore with M/s Kamlesh Industries during fiscal year 2025-26.

Transaction Details

Postal Ballot Results

The postal ballot voting process concluded successfully on December 19, 2025, with shareholders approving the proposed resolution. The scrutinizer's report, issued by Mr. Neelesh Gupta, Practicing Company Secretary, confirmed that the resolution passed with the requisite majority.

Scrutinizer Report Findings

The scrutinizer's report dated December 20, 2025, provided comprehensive details about the voting process. Mr. Neelesh Gupta, appointed as scrutinizer pursuant to Section 110 of the Companies Act, 2013, conducted the scrutiny in a fair and transparent manner. The e-voting process was facilitated by Central Depository Services Limited (CDSL) and witnessed by two independent witnesses, Ms. Nividhi Thakur and Ms. Darshana Chaturvedi.

Regulatory Compliance

The postal ballot was conducted in accordance with Section 110 of the Companies Act, 2013, and relevant SEBI regulations. The company submitted the voting results to the stock exchanges pursuant to Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The resolution is deemed to have been passed on December 19, 2025, the last date of the e-voting period. Promoters and members of the promoter group, being interested parties in the transaction, were not entitled to vote on the resolution, and any votes cast by them were considered invalid.

This approval enables L.K. Mehta Polymers to proceed with its planned business transactions with M/s Kamlesh Industries, involving the sale, purchase, and job work related to plastic ropes and granules within the approved limit.