Le Lavoir Limited has issued an addendum to its September 29, 2026 AGM notice. Shareholders will vote on the appointment of two independent directors and a material related-party transaction with Grace Marketing valued at up to Rs 3 crore.
Le Lavoir Announces AGM Addendum and Related Party Transaction
Le Lavoir Limited will hold its AGM on September 29, 2026, with an added agenda regarding board composition and operational contracts.
Reader Takeaway: AGM covers dual independent director appointments and a material contract representing 45.18% of previous annual turnover.
What just happened
The company released an addendum to its AGM notice, originally dated September 2, 2026. This filing updates the meeting agenda to include three specific items for shareholder voting via video conferencing.
Director Appointments
Shareholders are set to vote on the formalization of two Non-Executive and Independent Directors. Mr. Manish Shrichand Bachani and Mr. Parin Shirishkumar Bhavsar are proposed for five-year terms starting September 22, 2026, through September 21, 2031. These positions will not be liable to retire by rotation.
Related Party Transactions
The company is seeking authorization for transactions with M/s. Grace Marketing for the financial year 2026-27. These include the sale, purchase, or supply of goods and leasing of property. The transaction value is capped at Rs 3.00 crore.
Why this matters
The proposed deal with Grace Marketing is classified as a material transaction. It accounts for 45.18% of Le Lavoir’s 2025-26 consolidated turnover of Rs 6.64 crore. Management states these transactions are essential for business objectives and streamlining operations, conducted in the ordinary course of business.
What to track next
Shareholders should monitor the voting outcome during the virtual AGM scheduled for September 29, 2026, specifically regarding the financial impact and governance structure following these board appointments.