Lakshya Powertech Limited (formerly Lakshya Powertech Private Limited), a leading company listed on NSE Emerge under the symbol LAKSHYA (ISIN: INE0VZS01015), has appointed M/s Himanshu S K Gupta & Associates as the Secretarial Auditor to conduct the secretarial audit for the financial year 2024-25. The appointment was approved by the Board of Directors at its meeting held on 27th March 2025, which commenced at 03:40 PM and concluded at 05:00 PM.

Appointment Details

The appointment of the secretarial auditor is in accordance with Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR Regulations, 2015). The relevant details regarding the appointment of the secretarial auditor, as required under SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November 2024, are provided in Annexure-I to the intimation submitted to the National Stock Exchange of India Limited (SME Emerge).

Profile of the Appointed Secretarial Auditor

M/s Himanshu S K Gupta & Associates is a reputed firm of practicing company secretaries, known for providing corporate secretarial and legal services. The firm offers a one-stop solution for all corporate compliance and legal requirements, including:

• Corporate Laws Compliance: Ensuring adherence to company law provisions and statutory requirements.

• Intellectual Property Rights (IPR): Providing expert services in the registration and protection of intellectual property.

• Corporate Governance and Regulatory Compliance: Assisting companies in maintaining high governance standards.

• Legal Drafting and Agreement Vetting: Drafting and reviewing legal agreements for corporate entities.

• Capital Market and Listing Compliance: Advising companies on capital market activities and ensuring compliance with listing regulations.

• Corporate Restructuring and Regulatory Licensing: Offering guidance on mergers, acquisitions, and other restructuring initiatives.

Role of the Secretarial Auditor

The Secretarial Auditor plays a crucial role in ensuring that the company adheres to the provisions of the Companies Act, 2013, SEBI Regulations, and other applicable laws. The auditor evaluates the company’s compliance with statutory requirements and provides insights on improving governance practices.

Key Highlights of the Board Meeting

1. Date and Timing of the Meeting:
   The Board Meeting was held on 27th March 2025, starting at 03:40 PM and concluding by 05:00 PM.

2. Agenda of the Meeting:
   The primary agenda was to consider and approve the appointment of the Secretarial Auditor for the financial year 2024-25.

3. Approval and Compliance:
   The Board approved the appointment of M/s Himanshu S K Gupta & Associates, taking into consideration their professional expertise and experience in handling corporate secretarial and legal matters.

Regulatory Compliance and SEBI Disclosure

The company has complied with all the provisions of Regulation 30 of SEBI (LODR) Regulations, 2015, and has provided timely intimation to the National Stock Exchange of India Limited (NSE Emerge) regarding the appointment of the secretarial auditor.

As per Annexure-I, the following information has been disclosed:

• Reason for Change: Appointment of Secretarial Auditor.

• Date and Term of Appointment: Appointment effective from 27th March 2025 for the financial year 2024-25.

• Brief Profile of the Firm: M/s Himanshu S K Gupta & Associates is a recognized firm specializing in corporate secretarial services, IPR, and corporate governance advisory.

• Disclosure of Relationships Between Directors: No relationship exists between the appointed firm and any of the directors of Lakshya Powertech Ltd.

Commitment to Good Corporate Governance

Lakshya Powertech Ltd has always prioritized good corporate governance practices and regulatory compliance. By appointing a reputed firm such as M/s Himanshu S K Gupta & Associates, the company aims to further strengthen its compliance framework and ensure that all statutory obligations are met efficiently.

About Lakshya Powertech Ltd

Lakshya Powertech Ltd is a renowned name in the power and electrical solutions industry, offering high-quality products and services across India. The company is headquartered at A-620 & 621 Siddhivinayak Tower - A, Behind DCP Office, Off S.G. Highway, Makarba, Ahmedabad-380051, Gujarat, India.

With a robust business model and a strong commitment to corporate governance, Lakshya Powertech Ltd continues to deliver value to its stakeholders while ensuring compliance with all applicable regulations.

Conclusion

The appointment of M/s Himanshu S K Gupta & Associates as Secretarial Auditor for FY 2024-25 marks another step by Lakshya Powertech Ltd towards maintaining regulatory compliance and enhancing corporate governance standards. The Board's decision reflects the company’s dedication to ensuring transparency and adherence to applicable laws. The company's commitment to good governance practices remains unwavering as it continues to strive for operational excellence and stakeholder satisfaction.

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