LAKSHMI ELECTRICAL CONTROL SYSTEMS LTD.

Lakshmi Electrical Control Systems Ltd has announced the closure of its trading window for designated persons. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will be shut from Wednesday, July 1, 2026, and will reopen 48 hours after the declaration of the company's un-audited financial results for the quarter ended June 30, 2026. This measure is standard practice to prevent potential insider trading before the release of financial information.

Lakshmi Electrical Control Systems Ltd has provided a clarification to the stock exchange regarding a delay in filing corporate announcements related to GST Show Cause Notices. The company explained that the notices, received on May 7, 2026, were mistakenly delivered to the spam folder of their email account. The notices were retrieved and verified on June 2, 2026, leading to the immediate filing of the announcement on the same day. The company has assured that such instances will be avoided in the future. The notices pertain to demands of ₹1,56,88,534/- and ₹3,92,93,425/- for financial years 2022-2023 and 2023-2024 respectively, though the company states there is no material impact on its financials.

Lakshmi Electrical Control Systems Limited has received two show cause notices from the GST authorities for the financial years 2022-2023 and 2023-2024. The total demand amounts to ₹5,49,81,959, comprising ₹4,98,61,440 in tax, ₹2,922 in cess, ₹1,11,452 in interest, and ₹15,06,145 in penalties. The notices relate to issues such as short payment of tax under the Reverse Charge Mechanism (RCM), ITC reversals, and discrepancies in reported turnover. The company stated that these notices were inadvertently delivered to their spam folder and were only recently retrieved. Management has confirmed that there is no material impact on the company's financials, operations, or activities, and they are currently in the process of preparing and filing their formal replies to the authorities.

Lakshmi Electrical Control Systems Ltd. announced its 45th Annual General Meeting (AGM) scheduled for July 31, 2026. The Board of Directors recommended a dividend of ₹3.00 (30%) per equity share of face value ₹10 each for the financial year ended March 31, 2026, subject to shareholder approval. The record date for dividend eligibility is July 24, 2026. The board also recommended the appointment of NRD Associates as 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. Amendments to the Articles of Association are also proposed, subject to shareholder approval.

Lakshmi Electrical Control Systems Ltd's board recommended a dividend of ₹3.00 (30%) per equity share for FY26, subject to shareholder approval at the AGM on July 31, 2026. The board also approved the amendment to the Articles of Association and appointed NRD Associates as the new statutory auditors for five years, replacing Subbachar & Srinivasan. Sri. S.Subbaraman was re-appointed as Cost Auditor and Sri V.C.Tirupathi as Internal Auditor for FY27.

Lakshmi Electrical Control Systems Ltd's board recommends the appointment of M/s. NRD Associates as the new statutory auditor for a 5-year term (2026-27 to 2030-31), subject to shareholder approval at the upcoming AGM. The current auditors, M/s. Subbachar & Srinivasan, complete their term. The board also recommended a dividend of ₹3.00 (30%) per equity share for FY26, also subject to shareholder approval. The 45th AGM will be held on July 31, 2026.

Lakshmi Electrical Control Systems Ltd has re-appointed Sri. S.Subbaraman (Proprietor of Subbaraman & Associates) as Cost Auditor for the financial year 2026-2027, following the recommendation of the Audit Committee. The reappointment and the remuneration payable are subject to ratification by the shareholders at the upcoming Annual General Meeting. The company also recommended the appointment of M/s. NRD Associates as new Statutory Auditors for a term of 5 years, subject to shareholder approval.

Lakshmi Electrical Control Systems Ltd re-appointed Sri V.C.Tirupathi of Tirupathi Associates, Chartered Accountant, as Internal Auditor for the financial year 2026-2027, based on the Audit Committee's recommendation. The board also approved audited financial results for the quarter and year ended March 31, 2026, recommending a dividend of ₹3.00 (30%) per equity share. The 45th Annual General Meeting will be held on July 31, 2026.

Lakshmi Electrical Control Systems Ltd's board recommended a dividend of ₹3.00 (30%) per equity share for FY26, subject to shareholder approval at the AGM. The record date for determining eligibility is July 24, 2026. The board also approved the audited financial results for the quarter and year ended March 31, 2026. Additionally, they recommended the appointment of NRD Associates as the new statutory auditors and re-appointed Sri. S.Subbaraman as Cost Auditor and Sri V.C.Tirupathi as Internal Auditor for FY27.

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.