JK Lakshmi Cement Clarifies Proxy Advisory Report

JK Lakshmi Cement Ltd has submitted clarifications and representations to Institutional Investor Advisory Services (IiAS) regarding their proxy advisory report. The company addressed factual errors concerning AGM notice dates, promoter entity classification, and remuneration figures for key management personnel. Specifically, JK Lakshmi Cement corrected the AGM notice date to July 2, 2026, identified Dwarkesh Energy Limited as a Promoter Group entity, and provided revised remuneration details for Dr. Arun Kumar Shukla, Shri Shrivats Singhania, and Shri Vimal Bhandari. The company also responded to IiAS's 'AGAINST' recommendation for the re-appointment of Smt. Vinita Singhania as Chairperson & Managing Director, detailing the Nomination & Remuneration Committee's review, compliance with Section 197 of the Companies Act, 2013, and the conditional nature of performance-linked incentives.