Lakshmi Mills Company Ltd

Meeting Details

• Date: 12 November 2026; time and venue not disclosed.

Key Agenda Items

• Unaudited quarterly financial results for quarter ended 30.09.2026.
• Other business to be considered.

Other Notes

• Trading window closed 01.10.2026 to 14.17.2026; opens 15.11.2026.

AGM Details

• Date and time: 25 September 2026, 12:05 PM.
• Mode: Video Conferencing / Other Audio Visual Means (OAVM).
• E-voting window: 22-24 Sept 2026, 9:00 AM to 5:00 PM.
• 116th AGM conducted via VC/OAVM.

Key Resolutions

• Adopt financial statements for the year ended 31 March 2026.
• Declare dividend on equity shares; amount per share not disclosed.
• Reappoint Sri Santharam by rotation as Director.
• Reappoint A.R. Ramasubramania Raja & Co as Cost Auditors; remuneration to be fixed.

Voting Results

• All resolutions passed with requisite majority under the Companies Act 2013.

Dividend

• Dividend on equity shares approved; per-share amount not disclosed.

Director Changes

• Director by rotation Sri Santharam reappointed.

Auditor Appointments

• Cost Auditor reappointed; remuneration to be fixed.

Material Related Party Transactions

• No material related party transactions approved.

Other Material Approvals

• No other material approvals reported.

Lakshmi Mills Company Limited - Trading Window Closure for quarter ending 30.09.2026 from 01.10.2026; reopening 48 hours after the Board Meeting where Unaudited Financial Results for quarter ending 30.09.2026 will be considered

AGM outcomes

• Resolutions in the AGM Notice deemed passed on the AGM date, subject to votes cast.
• Scrutiniser appointed to conduct e-voting; results to be declared within two working days.
• Consolidated Scrutiniser's Report to be placed on the company and NSDL websites; results intimated to BSE.

Financial performance

• Revenue from operations: 24,183.48 Lakhs for FY2025-26; down from 26,316.27.
• Gross revenue: 24,541.72 Lakhs in FY2025-26.
• Profit before tax and exceptional items: 730.22 Lakhs.
• Tax expense: 2,285.16 Lakhs.
• Profit after tax: -1,554.94 Lakhs.
• EBITDA: 31.32 Crores per MD&A note.
• EPS (basic/diluted): -223.56 ₹ per share.
• Dividend proposed: 10% (₹10) per share; amount 69.55 Lakhs.
• Cash & cash equivalents year end: 52.65 Lakhs.

Operational performance and segments

• Textiles segment revenue: 21,682.52 Lakhs; Rental services revenue: 2,612.92 Lakhs.
• Textiles segment profit: -246.14 Lakhs; Rental services profit: 2,034.49 Lakhs.
• Yarn: total 59.03 lakh kg; value ₹192.11 Crores.
• Cloth: total 12.24 lakh kg; value ₹16.95 Crores.
• Area let out: 2,57,565 sq ft; Rental income 2,480.28 Lakhs.
• Installed capacity stands at 1.44 lakh spindles.

Capital structure and liquidity

• Net debt: 7,826.29 Lakhs; Gearing: 0.11x.
• Equity share capital: 6,95,550 shares; ₹695.55 Lakhs.
• Dividend proposed: 69.55 Lakhs; 10% per equity share.
• Cash flow highlights: operating 793.12 Lakhs; investing 5,490.29; financing -6,250.06 Lakhs.

Investments and assets

• Investment property fair value: ₹400.49 Crores.
• Investment properties located in Coimbatore and Palladam; fair value levels 2.
• Capital expenditure on PPE: ₹589.72 Lakhs during year.

Governance and audit

• Board: eight directors; key changes include Priya Bhansali as Independent Director.
• Sundaram Pathy reappointed Managing Director; Aditya Krishna Pathy reappointed Deputy MD.
• Sundaram Pathy’s term from 24 Apr 2026; Priya Bhansali from 3 Sep 2025.
• Statutory auditors: Subbachar & Srinivasan; Secretarial: MDS & Associates LLP.
• Whistle Blower policy in place; no complaints reported.

Outlook and strategic focus

• Textiles outlook: shift to higher fiber blends and technical textiles; emphasis on sustainability.
• Energy transition: 8.5 MW solar; 60% fossil energy by 2027-28; ~₹11 Crore savings annually.
• Rental segment: next phase development planned; ~120,000 sq ft by 2027-28; bankers on board.

Financial snapshot

• Revenue from operations: 24,183.48 Lakhs; YoY decline from 26,316.27.
• Total income: 24,541.72 Lakhs.
• Profit before tax: 730.22 Lakhs.
• Tax expense: 2,285.16 Lakhs.
• Profit after tax: -1,554.94 Lakhs.
• EPS: -223.56.

Segment performance

• Textiles revenue: 21,682.52 Lakhs; Rental Services: 2,612.92 Lakhs; Unallocated: 246.28.
• Textiles segment loss: -246.14 Lakhs; Rental segment profit: 2,034.49 Lakhs.
• Total segment profit: 1,788.35 Lakhs.

Dividend & capital returns

• Dividend: 10% (₹10 per share) for FY2025-26; outgo ₹69.56 Lakhs, subject to AGM.
• Dematerialisation: 96.35% of equity dematerialised; consolidation of physical shares recommended.
• IEPF: unclaimed dividend ₹1.71 Lakhs transferred; 21,493 shares in IEPF.
• 1495 shares transferred to IEPF from unclaimed dividends during the year.

Capital structure & liquidity

• Total borrowings: 8,129.28 Lakhs (Long-term 4,844.16; Short-term 3,285.12).
• Net debt: 7,826.29 Lakhs; Gearing ratio: 0.11.
• Cash and cash equivalents: 52.65 Lakhs; Bank balances: 250.34 Lakhs.

Governance & leadership

• Board: 8 Directors; 4 Independent; Priya Bhansali appointed; Suguna Ravichandran retired Sep 2, 2025.
• MD Sundaram Pathy reappointed for 5 years; Deputy MD Aditya Pathy reappointed; Priya Bhansali Independent.
• Statutory Auditors: Subbachar & Srinivasan; Secretarial: MDS & Associates LLP; Cost Auditor: A. R. Ramasubramania Raja & Co.
• Board meetings: 4; Audit Committee: 5; Nomination & Remuneration: 3; CSR: 1.

Operations & outlook

• Textiles: capacity ~1.44 lakh spindles; diversified fiber mix and sustainability emphasis.
• Rental expansion: 1,20,000 sq ft mall to be completed by 2027-28; bankers funding.
• ESG/energy: 8.5 MW solar; wind energy 3 MW; ~₹11 Cr annual savings; fossil energy share reduces.

Risks, governance & CSR

• Risks: market, labour, energy, regulatory changes; supply chain volatility.
• CSR: threshold not met; policy exists on company website; CSR Committee active.
• Internal controls: adequate; no material weaknesses reported.

AGM notice and shareholder updates

• 116th AGM scheduled for 25.09.2026 at 12:05 IST via VC/OAVM.
• Web-links to Annual Report 2025-26 and AGM notice published on company website.
• Cut-off date for email registration: 28.08.2026.
• Reminder to update KYC details per SEBI circular, including PAN and nomination.
• Dematerialisation of physical securities advised; electronic payments for physical-holders.

Dividend record date details

• Record date fixed as 18.09.2026 for dividend payment for FY2025-26.
• Dividend recommended at 10% (Rs 10 per equity share of Rs 100).