Board Meeting20 May 2026, 05:42 pm
Lakshmi Electrical: Recommends ₹3 Dividend; Auditor Appointment
AI Summary
Lakshmi Electrical Control Systems Ltd's board meeting on May 20, 2026, approved the audited financial results for the quarter and year ended March 31, 2026. A dividend of ₹3.00 (30%) per equity share was recommended, subject to shareholder approval at the AGM on July 31, 2026. The board also recommended the appointment of NRD Associates as the new statutory auditors for five years and re-appointed Sri. S.Subbaraman as Cost Auditor and Sri V.C.Tirupathi as Internal Auditor for FY 2026-27.
Key Highlights
- Recommended a dividend of ₹3.00 per share (30%) for FY26, pending shareholder approval.
- Approved audited financial results for the quarter and year ended March 31, 2026.
- Recommended appointment of M/s. NRD Associates as new Statutory Auditors for 5 years.
- Re-appointed Sri. S.Subbaraman as Cost Auditor for the financial year 2026-2027.
- Re-appointed Sri V.C.Tirupathi as Internal Auditor for the financial year 2026-2027.
Price Impact
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