LG Electronics India Ltd

Show Cause Notice

• Show Cause Notice dated Sep 22, 2026 from Commissioner of Customs (NS-V) issued.
• SCN alleges non-inclusion of royalty payments in assessable value.
• Proposes recovery of customs duty of Rs 153,57,67,711.
• Company reviewing matter and will respond within prescribed timeline; no penalty yet.

LG Electronics India Limited — Closure of Trading Window from Oct 01, 2026 until 48 hours after declaration of Unaudited Financial Results for the second quarter and half year ended Sep 30, 2026

Product launch

• LG Electronics India launches 15-model semi-automatic lineup across 8–12 kg capacities.
• Features include Dual Spin Shower, Roller Jet Pulsator+, Ultra Scrub Wall and Wind Jet Dry+.
• Exports of AX semi-automatic machines to begin in 2027, targeting over 10 countries.
• Manufactured at Greater Noida facility with AI-enabled smart factory capabilities.

Award highlights

• LG Electronics India recognised among Top Organisations with Innovative HR Practices at Asia Pacific HRM Congress 2026.
• Mr. Jwa Nam Kim, CHO, LG Electronics India, received the Most Impactful HR Leader Award.

Product launch

• Six models across 102L, 205L, 315L and 530L capacities.
• One-touch convertible cooling and freezing on select PRO models; range -31°C to +10°C.
• 315L PRO and 530L PRO offer 5-star BEE energy ratings.
• Insulation includes 70mm PUF cabinet, 75mm insulated door, and 100mm mid-section.
• Prices start at INR 28,990, up to INR 62,990.
• Target segments include retail, HoReCa, dairy, ice cream, pharma and food storage.
• Aims to strengthen LG's commercial refrigeration footprint with energy-efficient, durable solutions.

Meeting Details

• 15–17 Sep 2026, Group & One-on-One meetings, London, 10:00 AM BST onwards, HSBC-organised.
• 21–22 Sep 2026, Group & One-on-One, Hong Kong, 9:00 AM HKT onwards, The 33rd CLSA Investors' Forum.
• 23 Sep 2026, Group & One-on-One, Hong Kong, 9:00 AM HKT onwards, Bank of America Asia Pacific Conference.

Participants

• Key company participants (roles) not disclosed in the filing.

Purpose

• Purpose: Analyst/institutional investor meetings to discuss publicly available information.

Additional Notes

• Dates and times subject to change; UPSI will not be shared.

Senior Management Personnel cessation

• Ceased as Senior Management Personnel; Yoojae Kim, MS ID B2B Leader, effective 12 Aug 2026.
• Reason: moved back to Korea.

AGM Details

• AGM held on 21 August 2026 at 11:00 AM via VC/OAVM.
• Record date 14 August 2026; meeting duration 11:00–12:30 IST.

Key Resolutions and Voting Outcomes

• Resolution 1 (Ordinary): Adopt audited financial statements; approved.
• Resolution 2: Re-appointment of Hong Ju Jeon by rotation; approved with 98.38%.
• Resolution 3: Appoint Deloitte Haskins & Sells as Statutory Auditors; approved.
• Resolution 4: Ratify Cost Auditor's remuneration; approved.
• Resolution 5: Appoint Secretarial Auditors M/s Dhananjay Shukla & Associates; approved.

Director Changes

• Director re-appointment: Hong Ju Jeon (DIN 10041232) re-appointed.

Auditor Appointments

• Statutory Auditor appointment: Deloitte Haskins & Sells LLP approved.
• Cost Auditor remuneration ratified; details in annexures.
• Secretarial Auditor appointment: Dhananjay Shukla & Associates appointed.

AGM details

• Date: 21 August 2026; time 11:00–12:30 IST; mode: VC/OAVM.

Resolutions put to vote

• Adopt audited financial statements for FY ended 31 March 2026.
• Re-appoint director by rotation: Hong Ju Jeon.
• Appoint Deloitte Haskins & Sells as Statutory Auditors.
• Ratify Cost Auditor's remuneration.
• Appoint Dhananjay Shukla & Associates as Secretarial Auditors.

Voting outcomes

• All resolutions deemed passed on AGM date, subject to requisite votes in favour.

Dividend

• No dividend proposed or declared.

Director changes

• Director Hong Ju Jeon to be re-appointed by rotation.

Auditors

• Statutory Auditor: Deloitte Haskins & Sells LLP appointed.
• Secretarial Auditor: Dhananjay Shukla & Associates appointed.
• Cost Auditor remuneration ratified.

Material related party transactions

• No material RPT disclosed.

Other material approvals

• No ESOPs, charter amendments, borrowings, or mergers disclosed.

Meeting Details

• Date: August 14, 2026; exact time not disclosed.
• Type and mode: Group earnings conference call; virtual teleconference.
• Event organiser: Ashika Institutional Equities hosted LG Electronics India Q1 FY2027 earnings call.
• Key company participants: CFO, Co-CSMO, CAO, Chief Manufacturing Officer, Head of Financial Planning, Investor Relations Officer.
• Purpose: Discuss Q1 FY2027 unaudited results and engage with investors.
• Recording: Audio recording and transcript will be available on LG India's website.