DEAR MEMBERS
The Board of Directors of your Company are pleased to present the 13 th Annual
Report of the Company, accompanied by the Audited Financial Statements for the 3nancial
year ended March 31, 2025. This report highlights the continued development and robust
momentum of the Company throughout the year while giving insight into the business and
operational information of the Company.
We trust that the insights and 3nancial performance detailed in this report will
re3ect our commitment to excellence, our achievements and the strategic initiatives that
have driven our success.
1. SYNOPSIS OF FINANCIAL PERFORMANCE AND KEY HIGHLIGHTS
The summarized comparison of Financial Performance of the Company for the FY
2024-2025 and the FY 2023-2024 is given below:
( in Lakhs except EPS)
| Particulars |
FY 2024-2025 |
FY 2023-2024 |
| Revenue from Operations & Other Income (Total Income) |
16,133.31 |
15,199.37 |
| Less: Operating and Administrative Expenses |
13,746.13 |
12,871.86 |
| Pro3t Before Interest, Tax & Depreciation (EBITDA) |
2,387.18 |
2,327.51 |
| Less: Finance Cost |
372.03 |
233.80 |
| Less: Depreciation & Amortization Expenses |
67.30 |
61.43 |
| Pro3t before prior-period items, extraordinary items and
tax |
1,947.85 |
2,032.28 |
| Less: Prior-Period Items |
0.00 |
69.39 |
| Pro3t before extraordinary items and tax |
1,947.85 |
1,962.89 |
| Less: Extraordinary items |
3.08 |
0.00 |
| Pro3t Before Tax (PBT) |
1,944.77 |
1,962.89 |
| Less: Total Tax Expenses |
364.59 |
502.52 |
| Net Pro3t/(Loss) After Tax |
1,580.18 |
1,460.37 |
| Weighted Average number of shares outstanding (at the F.V.
of 10/- each) |
85,41,787 |
72,08,226 |
| Earning Per Equity Share - (Basic & Diluted) ( )
|
18.50 |
20.26 |
Key Highlights:
Total Income: The total income increased by 6.14 % to Rs. 16,133.31 Lakhs in
comparison to Rs. 15,199.37 Lakhs in Previous FY 2023-2024.
EBITDA: The EBITDA increased by 2.56 % to Rs.2387.18 Lakhs in comparison to Rs.
2327.51 Lakhs in Previous FY 2023-2024.
PAT: The PAT of the Company increased by 8.20 % to Rs. 1580.18 Lakhs in comparison
to Rs. 1460.37 Lakhs in Previous FY 2023-2024.
2. BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The Audited Financial Statements for the FY 2024-2025, forming part of this Annual
Report, have been prepared in accordance with Accounting Standards noti3ed under Section
133 of the Companies Act, 2013 (the "Act") and presentation requirements of the
Schedule III of the Companies Act , 2013.
In accordance with the provisions of Section 136(1) of the Act, the Company has duly
placed on its website "www. lakshyapowertech.com" the Annual Report of the
Company comprising therein its Financial Statements for the FY 2024-2025.
3. SHARE CAPITAL AND CHANGES THEREON
During FY 2024-2025, following changes have taken place in the share capital
structure of the Company:
| Nature of shares |
|
As on |
Addition/reduction |
As on |
|
|
March 31, 2024 (No. of shares) |
(No. of shares) |
March 31, 2025 (No. of shares) |
| Authorised Share |
Equity share |
1,10,00,000 |
0 |
1,10,00,000 |
|
(F.V. Rs. 10/-) |
|
|
|
|
Preference share |
40,00,000 |
0 |
40,00,000 |
|
(F.V. Rs. 10/-) |
|
|
|
| Issued, subscribed & paid- |
Equity share |
73,11,120 |
27,72,800 |
1,00,83,920 |
| up shares |
(F.V. Rs. 10/-) |
|
|
|
|
Preference share |
10,00,000 |
10,00,000 |
20,00,000 |
|
(F.V. Rs. 10/-) |
|
|
|
4. LISTING INFORMATION
The equity shares of the Company have been listed on EMERGE platform of NSE as on
October 23, 2024.
The annual listing fees for the FY 2025-2026 has been duly paid to the Stock
Exchange.
Further the Annual Custody Charges to National Securities Depository Limited (NSDL)
and Central Depository Services (India) Limited (CDSL) for the FY 2024-2025 & FY
2025-2026 has also been paid.
5. TRANSFER TO RESERVES
The Company has not transferred any amount to Reserves for the 3nancial year ended
March 31, 2025. The pro3t & loss of the Company upto the March 31, 2025 stood at Rs.
3046.17 lakhs.
6. DIVIDEND
The Board of the Company has decided not to declare any dividend for the FY 2024-25
owning to well thought strategy of the Board to retain the funds for the purpose of
reinvesting in the growth and expansion which eventually will create more value to the
Shareholders of the Company.
Pursuant to Regulation 43A of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (hereinafter referred to as "Listing
Regulations"), the Company is not required to formulate a 'Dividend Distribution
Policy' as the Company does not fall into the criteria of top 1000 listed entities based
on market capitalization.
7. DEPOSITS
During the year under review, the Company has not accepted, renewed and repaid any
deposits, and also there is no outstanding deposits as on March 31, 2025.
8. INFORMATION OF SUBSIDIARY / WHOLLY OWNED SUBSIDIARY/ JOINT VENTURES / ASSOCIATE
COMPANIES
As on March 31, 2025, the Company has no investment in Subsidiary / Wholly Owned
Subsidiary/ Joint Ventures / Associate Companies. The Company is also not a subsidiary of
any Company.
9. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS
{Pursuant to Section 186 of the Act read with relevant rules thereunder}
The details of loans granted, guarantees or security given and investments made
during the FY 2024-2025 as covered under the above provisions are provided in the notes to
the Financial Statements which forms an integral part of this Annual Report.
10. CHANGES IN THE NATURE OF BUSINESS
The Company did not undergo any change in the nature of its business during the FY
2024-25.
11. CORPORATE SOCIAL RESPONSIBILITY ("CSR")
{Pursuant to Section 135 of the Act read with relevant Rules thereunder }
The Management of the Company 3rmly believes that sustainable business success is
intrinsically linked to the well-being of the society in which it operates. The Company
acknowledges that it draws vital resources?€”both tangible and
intangible?€”from the community, including natural resources, human capital,
and public infrastructure, and is a3orded a multitude of opportunities to grow and thrive
within this ecosystem.
In recognition of this, the Company holds a deep-seated conviction that it has an
obligation to give back meaningfully to the society. This belief is not merely a matter of
compliance with statutory requirements but is embedded in the Company's core values and
strategic vision.
At Lakshya Powertech Limited, Corporate Social Responsibility is viewed not as an
obligation, but as a fundamental duty?€”an ethical commitment to contribute
positively to the social, economic, and environmental development of the communities we
serve. CSR is integrated into the Company's broader business philosophy, aimed at
generating inclusive growth and improving the quality of life for stakeholders beyond the
workplace.
Through proactive stakeholder engagement, transparent execution, and long-term
social investments, Lakshya Pow-ertech Limited remains committed to being a responsible
corporate citizen that contributes meaningfully to the greater public good.
The Company believes in inclusive growth to facilitate creation of a value-based and
empowered society primarily in and around its area of operations. The Company's CSR Policy
is based on the philosophy of giving back to society as a responsible corporate citizen
and lays down the guidelines and mechanism for undertaking socially useful programs for
the welfare & sustainable development of the community at large. The brief outline of
the CSR Policy of the Company and the activities undertaken by the Company on CSR during
the FY 2024-2025 and relevant details are set out in "Annexure-A" which forms an
integral part of this Board's Report.
The CSR Policy is available on the Company's website at:
https://lakshyapowertech.com/lib/investors/725829.pdf.
The Company is not required to formulate the CSR Committee pursuant to Section 135
(9) of the Act as the Company does not have CSR spending exceeding Rs. 50 lakhs.
Therefore, the Board monitors the implementation of CSR policy and ensures that the CSR
activities as mentioned in policy are in line with Schedule VII of the Act and undertaken
accordingly by the Company.
12. ENVIRONMENT, HEALTH AND SAFETY (EHS)
EHS isn't just a commitment for Lakshya, it's an integral part of how we conduct
business, ensuring the well-being of our employees and the sustainability of our planet.
We are committed to providing a safe and healthy working environment for all our
employees and workers. Our dedication to EHS is evident at every stage of our business
operations through a robust EHS Management System. This system serves as a structured
framework to manage environmental impacts and occupational health and safety risks, while
also identifying opportunities for improvement.
Our health and safety policy comprehensively addresses occupational hazards,
emphasizing ongoing training initiatives to ensure workplace safety. Additionally, we
prioritize environmental stewardship by continually enhancing our processes and systems.
By adopting more e3cient practices, we strive to reduce our carbon footprint and safeguard
natural resources.
The following, inter alia, forms part of Company's framework on EHS system:
?€? A robust and comprehensive Environment, Health and Safety (EHS) framework
in place for safely managing Company's business operations;
?€? Constant identi3cation of EHS related risk and to undertake measures to
reduce the same;
?€? Ensuring proper disposal of waste & pollutant to minimize impact on
environment and risk to employees at workplace;
?€? Promote renewable energy, reduce carbon footprints, reuse and recycle
materials, minimize waste and emissions, conserve energy and natural resources and
assurance that operations and products of the Company do not have any negative impact on
the environment;
?€? Encouraging innovation for prevention of pollution, injury and ill
health;
?€? Establishment of systems and Standard Operating Procedures at workplaces
to minimize the risk;
?€? Health and safety training to its employees/labor/contractors on periodic
basis;
?€? Ensuring safe handling and storage of hazardous chemicals;
?€? Continually improving the Environmental, Health and Safety performance;
and
?€? Complying with all applicable legal, statutory & regulatory norms in
relation to EHS.
13. PREVENTION OF SEXUAL HARASSMENT OF EMPLOYEE AT WORKPLACE
{Pursuant to the provisions of the Sexual Harassment of Women at Workplace
(Prevention, Prohibition and Redressal) Act, 2013 (as amended) and relevant provisions of
the Act}
The Company is fully committed to fostering a workplace environment that is free
from discrimination, bias, prejudice, and all forms of harassment, including sexual
harassment. The Company prioritizes creating a safe, respectful, inclusive, and healthy
work environment where every employee is valued and treated with dignity, regardless of
their gender, background, position, or personal beliefs.
The Company 3rmly upholds the principle that "Prevention is better than
cure" and takes proactive measures to ensure that its workplace culture re3ects zero
tolerance for inappropriate behaviour. In alignment with this vision, the Company has
adopted a comprehensive policy on the "Prevention, Prohibition, and Redressal of
Sexual Harassment at the Workplace", in accordance with the provisions of the Sexual
Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.
As part of its commitment:
?€? An Internal Complaints Committee (ICC) has been duly constituted at the
Company in compliance with the legal requirements, comprising trained members equipped to
handle complaints sensitively and e3ectively.
?€? Awareness and sensitization programs are regularly conducted to educate
employees about respectful work-place behaviour, rights, responsibilities, and the
mechanisms available for grievance redressal.
?€? The Company encourages a culture of openness and trust, empowering
employees to report any instance of harassment or misconduct without fear of retaliation.
By institutionalizing these safeguards and fostering a culture of accountability and
mutual respect, company rea3rms its dedication to building a positive and empowering
workplace for all.
The status of the complaints is given below for the FY 2024-25:
1. The number of sexual harassment complaints received during the year - 0
2. The number of such complaints disposed of during the year - 0
3. The number of cases pending for a period exceeding ninety days ?€“ 0
14. COMPLIANCE WITH THE MATERNITY BENEFIT ACT, 1961
We hereby a3rm that during the FY 2024-25, the Company has fully complied with the
provisions of the Maternity Bene3t Act, 1961. This commitment re3ects our unwavering
dedication to creating a supportive and inclusive work-place, where the health, dignity,
and well-being of our women employees are respected and safeguarded. We recognize the
profound importance of motherhood and are proud to uphold policies that empower women to
balance their professional and personal lives with care and con3dence.
15. AUDITORS
(a) Statutory Auditors
{Pursuant to Section 139, 141 and 142 of the Act read with relevant Rules
thereunder}
M/s. Goyal Goyal & Co., Chartered Accountants (Firm Registration No. 015069C)
was appointed as the Statutory Auditor of the Company to hold o3ce for a term of 3ve (5)
years from the conclusion of 12 th AGM to 17 th AGM (i.e. for the FY 2024-2025 to FY
2028-2029) and the approval of the Shareholder of the Company has been obtained in the 12
th AGM held on July 29, 2024.
The Independent Auditor's Report on the Audited Financial Statements of the Company
for the FY 2024-2025 has no audit quali3cations, reservations, adverse remarks or
disclaimer. Also, the said Auditors have not reported any matter under Section 143(12) of
the Act.
(b) Secretarial Auditors
{Pursuant to the provisions of Section 204 of the Act read with relevant Rules
thereunder}
M/s Himanshu S K Gupta & Associates, Company Secretaries, the Secretarial
Auditors of the Company has conducted the audit of secretarial records for the FY
2024-2025.
Secretarial Audit Report
The Secretarial Audit Report is annexed with the Board's Report as
"Annexure-B" and has no quali3cations, reservations, adverse remarks or
disclaimer therein for the FY 2024-2025.
Pursuant to Regulation 24A(1)(b)(ii) of the Listing Regulations, the Board appoints
and recommends to the Shareholders the appointment of M/s HM & Associates, a peer
reviewed Company Secretaries Firm, who shall hold the o3ce for the period of 1 (One) term
of 3ve consecutive 3nancial years. M/s HM & Associates will conduct the Secretarial
Audit for the FY 2025-26 to 2029-30.
The Company has received consent from HM & Associates for conducting the
secretarial audit for the said period along with the con3rmation that they are eligible to
be appointed as the Secretarial Auditor of the Company.
(c) Cost Auditors
{Pursuant to Section 148 of the Act read with relevant Rules thereunder}
In compliance with the above provisions, the Company ensures the preparation and
maintenance of cost records of the Company on annual basis. M/s J.B.Bhatt & Co, Cost
Accountants (FRN: 003871), has conducted the audit of Cost Records for the FY 2024-2025
with no audit quali3cations, reservations, adverse remarks or disclaimer in their Cost
Audit Report.
Further, the Board has re-appointed M/s J.B.Bhatt &Co, Cost Accountants (FRN:
003871), as Cost Auditors to conduct the audit of cost records of the Company for the FY
2025-2026; the consent along with a certi3cate con-3rming their independence and arm's
length relationship has been duly received by the Company from the said Auditors.
The Ordinary Resolution seeking approval from the Members for rati3cation of
remuneration to be paid to the said Cost Auditors for the FY 2025-26, forms a part of the
Notice of this Annual General Meeting.
(d) Internal Auditors
(Pursuant to Section 138 of the Act read with relevant Rules thereunder}
M/s Gamara & Associates, Chartered Accountants (FRN: 133830W) have conducted the
Internal Audit for the FY 2024-2025. Further, the Internal Auditor's Report contains no
audit quali3cations, reservation, adverse remark or disclaimer.
16. INTERNAL CONTROL SYSTEMS AND ADEQUACY OF INTERNAL FINANCIAL CONTROLS WITH
RESPECT TO THE FINANCIAL STATEMENTS
{Pursuant to provisions of Section 134(5) of the Act read with relevant Rules
thereunder}
The Company has in place adequate internal control system (including internal
3nancial control system) commensurate with the size of its operations to ensure the
systematic and e3cient conduct of its business, including adherence to Company's policies
and procedures, the safeguarding of its assets, the prevention and early detection of
frauds and errors, the accuracy and completeness of the accounting records and timely
preparation of reliable 3nancial information.
The system, policies and procedures in the Company are designed in such a way that
all the 3nancial transactions are 3rst made subject to in-house internal audit to ensure
that all the transactions originate from the authorized sources, the proper approvals are
in place to carry out the transactions and the funds are utilized for the purpose of
business of the Company only. The Company has dedicated internal audit department
comprising e3cient, experienced, skilled and well equipped personnels to carry out the
function of internal audit and to ensure that the Company remains compliant with the
designed policies and procedures.
The Company has established robust 3nancial reporting channel which seeks to ensure
that the highest person in the reporting hierarchy is aware about all the transactions at
macro level while avoiding the need to engage in day-today transactions at micro level.
Necessary approvals for capital extensive expenditure 3ows from the higher authority while
day-to-day expenses are purview of intermittent personnels in the hierarchy. While Chief
Financial O3cer does not engage into day-to-day business operations, all the micro level
transactions are reported in summary form.
The Audit Committee and M/s. Gamara & Associates, Chartered Accountants, the
Internal Auditor of the Company periodically review that the systems and procedures are in
place with the growing size and complexity of your Company's business operations and
suggest the improvements in processes and systems and also evaluates the e3cacy and
adequacy of internal control systems of the Company pertaining to 3nancial reporting, its
compliances with operating systems, accounting procedures and policies within the Company.
During the Financial Year under review, the Company operates through ERP system and
has implemented adequate internal 3nancial controls for achieving e3ciency in operations,
optimum utilization of the Company's resources, effective monitoring systems and
compliance with laws and regulations. Further, through use of appropriate risk management
tools and adherence to global benchmarks of quality, hygiene and safety, we continuously
strive to achieve excellence in our operations.
During the FY 2024-2025, no material or serious observation has been received from
either the Statutory Auditors or the Internal Auditors of the Company, citing ine3ciency
or inadequacy of such controls.
17. REPORTING OF FRAUDS BY THE STATUTORY AUDITORS
{Pursuant to Section 143(12) of the Act read with relevant Rules thereunder}
There was no instance of fraud during the FY 2024-2025, which required the Statutory
Auditors to report to the Audit Committee and / or Board. Therefore, there exists no
details to be disclosed in this Board's Report pursuant to Section 134(3) of the Act.
18. CORPORATE GOVERNANCE REPORT
Pursuant to exemption granted to the SME listed Companies under Regulation 15(2)(b)
of the Listing Regulations, the requirement of submission of Corporate Governance Report
as a part of the Annual Report is not applicable to the company. Accordingly, the said
report is not annexed with the Board's Report.
19. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND
OUTGO
{Pursuant to Section 134(3)(m) of the Act read with relevant Rules thereunder}
The information on conservation of energy, technology absorption, foreign exchange
earnings and outgo is annexed as "Annexure-C" which forms an integral part of
this Board's Report.
20. DISCLOSURE RELATING TO REMUNERATION OF DIRECTORS, KEY MANAGERIAL PERSONNEL AND
PARTICULARS OF EMPLOYEES
{Pursuant to Section 197(12) of the Act read with relevant Rules thereunder}
The details of remuneration of Directors, Key Managerial Personnel and Particulars
of Employees and other information required, are annexed as "Annexure-D" which
forms an integral part of this Board's Report.
21. MANAGEMENT DISCUSSION AND ANALYSIS REPORT
{Pursuant to Regulation 34 of the Listing Regulations}
A comprehensive Management Discussion and Analysis Report for the FY 2024-2025
inclusive of several signi3cant aspects of your Company's performance and the industry
landscape which includes Company's business operations and performance review, global
& Indian industry trends, key 3nancial ratios and other required details is annexed as
"Annexure-E" which forms an integral part of this Board's Report.
22. RELATED PARTY TRANSACTIONS
{Pursuant to Section 134(3)(h) and 188 of the Act and Regulation 23 of the Listing
Regulations}
Your Company is committed to adhere the highest standards of corporate governance,
transparency and accountability. In compliance with the corporate governance standards,
Related Party Transaction Policy and Section 177 & 188 of the Act, all the
transactions entered with the related parties during the 3nancial year are in the ordinary
course of business and at arm's length basis.
During the FY 2024-2025, the Company was not required to comply with the Regulation
23 of the Listing Regulations (Related Party Transactions) but with e3ect from April 01,
2025, the said provisions have been made applicable to the Company vide SEBI Circular No.
SEBI/LAD-NRO/GN/2025/239 dated March 27, 2025.
A statement showing particulars of contracts and arrangements with related parties
in the prescribed Form-AOC-2 is annexed as "Annexure-F" which forms an integral
part of this Board's Report.
The Board of Directors has approved a policy on Related Party Transactions and is
available on the website of the Company at:
https://lakshyapowertech.com/lib/investors/702882.pdf
23. MATERIAL CHANGES
There were no material changes and commitments during the 3nancial year a3ecting the
3nancial position of the company.
24. DIRECTORS' RESPONSIBILITY STATEMENT
{Pursuant to Section 134(3)(c) and Section 134(5) of the Act read with relevant
Rules thereunder}
For the Directors' Responsibility Statement in relation to 3nancial statements of
the Company for the year ended on March 31, 2025, the Board of Directors states that:
a. in the preparation of the annual accounts, the applicable accounting standards
had been followed and there are no material departures from the same;
b. the Directors have selected such accounting policies and applied them
consistently and made judgments and estimates that are reasonable and prudent so as to
give a true and fair view of the state of a3airs of the Company as at March 31, 2025 and
of the pro3t and loss of the Company for the 3nancial year ended on March 31, 2025;
c. the Directors have taken proper and su3cient care for the maintenance of adequate
accounting records in accordance with the provisions of the Act for safeguarding the
assets of the Company and for preventing and detecting fraud and other irregularities;
d. the annual accounts / 3nancial statements have been prepared on a 'going concern'
basis;
e. proper internal 3nancial controls are in place and are adequate and operating
e3ectively; and
f. the Directors had devised proper systems to ensure compliance with the provisions
of all applicable laws and that such systems were adequate and operating e3ectively.
25. PERFORMANCE EVALUATION OF THE BOARD OF DIRECTORS, COMMITTEES AND INDIVIDUAL
DIRECTORS:
{Pursuant to the provision of the Act read with the Schedule IV and Listing
Regulations read with the Guidance Note on Board Evaluation as issued by the SEBI in
January 2017}
Performance evaluation serves as a vital tool for enhancing the overall e3ectiveness
of the Board. The Board of Directors has established and approved a structured mechanism
for conducting the Annual Performance Evaluation of the Board as a whole, its individual
Directors, and the Chairperson.
Periodic evaluations help ensure that Board Members remain aligned with their roles
and responsibilities while promoting the adoption of sound corporate governance practices.
The primary objectives of the evaluation process include assessing the composition and
functioning of the Board and its Committees, strengthening e3ectiveness, leveraging
collective strengths, addressing areas of improvement, and fostering robust corporate
relationships.
Likewise, the performance evaluation of individual Directors aims to determine their
level of engagement, participation in Board and Committee meetings, and contribution
towards the achievement of the Company's strategic goals. Recognizing the importance of
this process, the Board remains committed to maintaining an e3ective and transparent
evaluation framework.
During the FY 2024-2025, the Board & Committee evaluation was conducted,
complying with all the applicable criteria of evaluation as envisaged in the "SEBI
Guidance Note on Board Evaluation" through a structured questionnaire designed with
the parameters and feedback based on ratings.
On March 27, 2025, a separate meeting of the Independent Directors of the Company
was held to evaluate the performance of the Chairperson of the Company and review the
performance of the Non-Independent Directors and the Board as a whole.
Performance Evaluation of the Independent Directors was carried out by the Board of
Director in accordance with the Schedule IV of the Act.
26. KEY MANAGERIAL PERSONNEL
{Pursuant to provisions of Section 203 of the Act read with relevant Rules
thereunder}
The Company comprises of dynamic, well quali3ed, experienced, specialized and
versatile professionals in the Management of the Company who are designated as 'Key
Managerial Personnel (KMP)' in compliance with applicable provisions. The details of the
Key Managerial Personnel of the Company as on March 31, 2025 and those who have been
appointed and resigned during the 3nancial year are as under:
| Sr. No. |
Names of Key Managerial Personnel |
Designation |
| 1 |
Mr. Rajesh Anne |
Managing Director |
| 2 |
Mr. Amit Agrawal |
Chief Financial O3cer |
| 3 |
Mr. Akash Patel |
Company Secretary & Compliance O3cer |
|
(Appointed w.e.f. January 17, 2025) |
|
| 4 |
Mr. Utsav Trivedi |
Company Secretary & Compliance O3cer |
|
(appointed w.e.f. June 14, 2024) |
|
|
(Resigned w.e.f. November 12, 2024) |
|
| 5 |
Ms. Sonal Jhanwar |
Company Secretary & Compliance O3cer |
|
(Resigned w.e.f. June 13, 2024) |
|
27. BOARD OF DIRECTORS
The Board of Directors of the Company is fully committed to provide the strategic
direction towards long-term success of the Company. They ensure long term sustainability,
create value, delegate responsibilities, manage risks and ensure high- quality governance
to keep the Company on the path of sustainable growth and development.
?€? The details of size and composition of the Board is provided below:
| Sr. No. |
Names of Directors |
Designation |
| 1 |
Mr. Rajesh Gopala Anne (DIN: 05294345) |
Chairman & Managing Director |
| 2 |
Mrs. Priya Bandhavi Anne (DIN: 05294344) |
Whole-time Director |
| 3 |
Mr. Amit Kumar Agrawal (DIN: 10338766) |
Whole-time Director |
| 4 |
Mr. Lakshminarayana Eleswarapu (DIN: 07519053) |
Whole-time Director |
| 5 |
Mr. Raghurama Raju Alluri (DIN: 10331840) |
Non-executive Non-independent Director |
| 6 |
Mr. Chintan Rajeshbhai Shah (DIN: 10554087) |
Non-executive Independent Director |
| 7 |
Mr. Kunal Kumar Ghosh (DIN: 08190364) |
Non-executive Independent Director |
| 8 |
Mr. Shailesh C Desai (DIN: 00169595) |
Non-executive Independent Director |
?€? All the Directors of the Company have con3rmed that they are not
disquali3ed from being appointed or to continue as Directors of the Company in terms of
Section 164 of the Act.
?€? The Company has received necessary declarations from each of the
Independent Directors under Section 149(7) of the Act that they meet the criteria of
independence laid down in Section 149(6) of the Act and Regulations 16(1)(b) & 25 of
the Listing Regulations and also in the opinion of the Board and as con3rmed by these
Directors, they ful3ll the conditions speci3ed in Section 149 of the Act and the rules
made thereunder about their status as Independent Directors of the Company.
?€? Mr. Amit Kumar Agrawal & Mr. Lakshminarayana Eleswarapu, Whole-time
Directors, are the Directors who are liable to retire by rotation under Section 152 of the
Act, and being eligible, they are o3ering themselves for re-appointment. Their
re-appointment is proposed in this ensuing AGM to be held on September 29, 2025.
28. BOARD MEETINGS
There were total 13 (thirteen) Board Meetings held during the FY 2024-2025 for
consideration and approval of the various agenda items which were circulated well in
advance to the Board of Directors. The details of the meetings viz. dates, number of
meetings held, attendance details etc. are mentioned below:
| Sr. No. |
Date |
No. of Directors entitled to attend meeting |
No. of Directors attended meeting |
| 1 |
04.04.2024 |
8 |
8 |
| 2 |
14.06.2024 |
8 |
6 |
| 3 |
18.06.2024 |
8 |
8 |
| 4 |
19.06.2024 |
8 |
8 |
| 5 |
22.06.2024 |
8 |
7 |
| 6 |
30.09.2024 |
8 |
5 |
| 7 |
05.10.2024 |
8 |
8 |
| 8 |
08.10.2024 |
8 |
7 |
| 9 |
15.10.2024 |
8 |
6 |
| 10 |
21.10.2024 |
8 |
6 |
| 11 |
12.11.2024 |
8 |
8 |
| 12 |
17.01.2025 |
8 |
6 |
| 13 |
27.03.2025 |
8 |
5 |
29. COMMITTEES OF THE BOARD OF DIRECTORS
The Committees of the Board of Directors are entrusted with oversight of speci3c and
diverse functional areas, enabling informed decision-making within the scope of delegated
authority. These Committees also make focused recommendations to the Board on matters
falling under their respective domains. All decisions and recommendations made by the
Committees are submitted to the Board for its information or approval, as appropriate.
COMPOSITION OF THE COMMITTEES:
|
|
AUDIT COMMITTEE |
|
| Sr. No. |
Name of the Director |
Nature of Membership |
Nature of Directorship |
| 1 |
Shailesh C Desai |
Chairman |
Independent Director |
| 2 |
Chintan Rajeshbhai Shah |
Member |
Independent Director |
| 3 |
Amit Kumar Agrawal |
Member |
Whole-Time Director & CFO |
|
|
NOMINATION AND REMUNERATION COMMITTEE |
|
| Sr. No. |
Name of the Director |
Nature of Membership |
Nature of Directorship |
| 1 |
Chintan Rajeshbhai Shah |
Chairman |
Independent Director |
| 2 |
Shailesh C Desai |
Member |
Independent Director |
| 3 |
Raghurama Raju Alluri |
Member |
Non-Executive Director |
|
|
STAKEHOLDERS RELATIONSHIP COMMITTEE |
|
| Sr. No. |
Name of the Director |
Nature of Membership |
Nature of Directorship |
| 1 |
Chintan Rajeshbhai Shah |
Chairman |
Independent Director |
| 2 |
Kunal Kumar Ghosh |
Member |
Independent Director |
| 3 |
Rajesh Gopala Anne |
Member |
Managing Director |
|
|
OPERATIONAL COMMITTEE |
|
| Sr. No. |
Name of the Director |
Nature of Membership |
Nature of Directorship |
| 1 |
Rajesh Gopala Anne |
Chairman |
Managing Director |
| 2 |
Amit Kumar Agrawal |
Member |
Whole-time Director |
| 3 |
Lakshminarayan Eleswarapu Member |
Whole-time Director |
ATTENDANCE IN THE COMMITTEE MEETINGS DURING THE YEAR:
| Sr. No. |
Name of the Committee |
Date of the Committee Meeting |
No. of Members entitled to attend meeting |
No. of Members attended meeting |
| 1. |
Audit Committee |
18.06.2024 |
3 |
3 |
| 2. |
Audit Committee |
19.06.2024 |
3 |
3 |
| 3. |
Audit Committee |
05.10.2024 |
3 |
3 |
| 4. |
Audit Committee |
12.11.2024 |
3 |
3 |
| 5. |
Audit Committee |
27.03.2025 |
3 |
3 |
| 6. |
Nomination & Remuneration |
17.01.2025 |
3 |
2 |
|
Committee |
|
|
|
| 7. |
Stakeholders Relationship |
27.03.2025 |
3 |
3 |
|
Committee |
|
|
|
| 8. |
Operational Committee |
21.01.2025 |
3 |
3 |
| 9. |
Operational Committee |
11.02.2025 |
3 |
3 |
| 10. |
Operational Committee |
03.03.2025 |
3 |
3 |
30. POLICIES OF THE COMPANY
All the policies of the Company are available at website of the Company at -
https://lakshyapowertech.com/investors. php?sectionid=16 Salient features of the
Nomination & Remuneration Policy: The policy on Appointment & Remuneration of
Directors deals with the following matters: a. Appointment and removal of Directors, Key
Managerial Personnel and employees in Senior Management; b. Remuneration payable to the
Directors, Key Managerial Personnel and employees in Senior Management; c. Board
Diversity; d. Succession plan for Directors, Key Managerial Personnel and employees in
Senior Management; and e. Evaluation of individual Directors, Chairperson of the Board,
the Board as a whole and the Committees of the Board The Nomination & Remuneration
Committee has been entrusted with the following responsibilities to ful3l the above
objectives: i. To formulate a criteria for determining quali3cations, the positive
attributes and independence of a Director; ii. To recommend to the Board a policy relating
to remuneration of the Directors, Key Managerial Personnel and other employees; iii. To
recommend to the Board the appointment and removal of Key Managerial Personnel and Senior
Management; iv. To identify persons who are quali3ed to become directors and who may be
appointed in senior management in accordance with the criteria laid down, and recommend to
the Board for their appointment and removal; v. To recommend to extend or continue the
term of appointment of the independent directors, on the basis of the report on
performance evaluation of independent directors; vi. To make recommendations to the Board
concerning any matters relating to the continuation in o3ce of any Director at any time
including the suspension or termination of service of an Executive Director as an employee
of the Company subject to the provision of the law and their service contract; vii. To
ensure that the level and composition of remuneration is reasonable and su3cient,
relationship of remuneration to performance is clear and meets appropriate performance
benchmarks; viii. To devise a policy on Board diversity; ix. To develop a succession plan
for the Board and to regularly review the plan.
Detailed policy on Appointment & Remuneration of Directors & KMPs is
available on website of the Company at
https://lakshyapowertech.com/investors.php?sectionid=16 Salient features of the CSR Policy
are described in the Annexure ?€“ A pertaining to reporting on Corporate Social
Responsibilities (CSR) Activities.
31. RISK MANAGEMENT
The Company recognises that risks are inherent to its business operations and
accordingly adopts a proactive approach to risk management. In addition to credit risk,
liquidity risk, and market risk, the Company is exposed to various operational and
strategic risks speci3c to its business. These risks are systematically identi3ed,
assessed, and monitored with the objective of mitigating their potential adverse impact.
To address these risks, the Company has implemented a robust risk management
framework that ensures appropriate controls are embedded within key business processes.
Mitigation measures undertaken by the Company include stringent credit controls, use of
foreign exchange forward contracts to hedge currency exposure, and comprehensive insurance
coverage to safeguard its assets. These initiatives help protect the Company's 3nancial
performance and support sustainable business growth.
The Company has developed & implemented Risk Management Policy which is capable
of identifying the risk elements associated with the Company which may threaten the
existence of the Company.
32. ANNUAL RETURN
{Pursuant to Section 92 and Section 134(3)(a) of the Act read with relevant Rules
thereunder}
The Annual Return of the Company in Form MGT-7 re3ecting the 3nancial and
non-3nancial summary of the Company for the FY 2024-2025, is available on the Company's
website at https://lakshyapowertech.com/investors.php?sec-tionid=3
33. DISCLOSURES WITH RESPECT TO DEMAT SUSPENSE ACCOUNT/ UNCLAIMED SUSPENSE ACCOUNT
There are no shares in the demat suspense account or unclaimed suspense account.
34. ADHERENCE TO STATUTORY COMPLIANCES
During the FY 2024-2025, the Company had complied with all the applicable statutory
compliances of the Act, the SEBI (LODR) Regulations, 2015, Secretarial Standards issued by
ICSI and other laws, provisions and Acts as may be applicable to the Company from time to
time.
35. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS
No signi3cant material orders have been passed by the Regulators or Courts or
Tribunals impacting the going concern status of the Company and its operations in future,
during the FY 2024-2025.
As on August 22, 2025, the Company has received order from National Company Law
Tribunal (NCLT), Ahmedabad rejecting the frivolous application filed by Arka Projects
based on grounds that there was pre-existing spute between di the Parties with important
mention that the IBC is mechanism for insolvency resolution and not for recovery of
disputed dues. Accordingly, the Company received the order in its favour.
36. PREVENTION OF INSIDER TRADING
The Company has in place the Code of Conduct for Prohibition of Insider Trading
("the Code") and Code on Fair Disclosures. The policy and procedures are framed
to regulate, monitor and report trading by the Designated Persons along with their
Immediate Relative(s) and for other aspects under the SEBI (Prohibition of Insider
Trading) Regulations, 2015, such as inquiry in case of leak of Unpublished Price Sensitive
Information (UPSI) or suspected leak of UPSI is forming part of the Code, which is
available on our website at https://lakshyapowertech.com/lib/investors/255939.pdf .
37. WEBSITE:
The Company has in place the operational website where all the policies, returns,
reports and all other documents have been updated in accordance with the Listing
Regulations and the Act.
38. MATERIAL CHANGES AND COMMITMENTS, IF ANY, AFTER BALANCE SHEET DATE
There have been no material changes and commitments, which a3ect the 3nancial
position of the Company, that have occurred between the end of the 3nancial year to which
the 3nancial statements relate and the date of this report.
39. APPLICATION UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016
During FY 2024-2025, your Company has neither made any application nor were any
proceedings initiated/pending against the Company under the Insolvency and Bankruptcy
Code, 2016 as at the year ended on March 31, 2025. As on August 22, 2025, the Company has
received order from National Company Law Tribunal (NCLT), Ahmedabad rejecting the
frivolous application filed by Arka Projects based on grounds that there was pre-existing
spute between di the Parties with important mention that the IBC is mechanism for
insolvency resolution and not for recovery of disputed dues. Accordingly, the Company
received the order in its favour.
40. DETAILS OF SETTLEMENT DONE WITH BANKS OR FINANCIAL INSTITUTIONS
During the FY 2024-2025, there is no such settlement done with any Banks and
Financial Institutions.
41. VIGIL MECHANISM:
Pursuant to Section 177 of the Companies Act, 2013 read with the Rules made
thereunder, the Audit Committee of the Company oversees a Vigil Mechanism. The Company has
adopted Whistle Blower Policy to deal with instance of unethical behavior, actual or
suspected fraud or violation of the Company's code of conduct, if any. Further, the
mechanism adopted by the Company encourages the whistleblower to report genuine concerns
or grievances and provide for strict con3dentiality, adequate safeguards against
victimization of whistleblower who avails of such mechanism and also provides for direct
access to the Chairman of the Audit Committee, in appropriate cases. The Whistle Blower
Policy is hosted on the website of the Company under investor section.
42. ACKNOWLEDGEMENT & APPRECIATION
The Board of Directors extends its sincere appreciation to the Banks, Financial
Institutions, Central and State Governments, the Ministry of Corporate A3airs, the
Securities and Exchange Board of India, Stock Exchange, the Registrar and Share Transfer
Agent, as well as all Statutory and Regulatory Authorities for their invaluable support,
guidance, and continued collaboration in the Company's journey of growth and success.
The Board also places on record its deep gratitude to the Management Team,
Directors, esteemed customers, business associates, consultants, vendors, service
providers, shareholders, investors, and all other stakeholders for their unwavering trust,
steadfast commitment, and continued support.
Further, the Board expresses its heartfelt thanks to all employees for their
dedication, hard work, and alignment with the Company's vision. Their relentless e3orts
and enthusiasm are instrumental to the Company's accomplishments and ongoing progress.
The Directors warmly acknowledge every member of the Lakshya family for their
outstanding contributions to the Company's performance. Their consistent excellence,
passion, and dedication have played a pivotal role in shaping the Company's present and
laying the foundation for its future. We applaud their spirit and tireless pursuit of
excellence, which have enabled the Company to achieve new milestones and aspire for
greater heights.
For and on behalf of Board of Directors of
Lakshya Powertech Limited
|
Sd/- |
|
Rajesh Anne |
| Date: August 30, 2025 |
Chairman & Managing Director |
| Place: Ahmedabad |
DIN: 05294345 |