Lesha Industries Ltd — Others, 10-07-2025: Others

Lesha Industries Limited has announced a board meeting on August 05, 2025, to consider the financial results for the quarter and half-year. The company plans to re-appoint Mrs. Leena Ashok Shah as Director, regularize the appointment of Mr. Umangkumar Hirabhai Patel as an Independent Director for five years, and appoint Mr. Chintan K. Patel as Secretarial Auditor for five years. It seeks shareholder approval for material related party transactions with Rhetan TMT Limited, Ashnisha Industries Limited, Ashoka Metcast Limited, Gujarat Natural Resources Limited, and Lesha Ventures Private Limited, each capped at Rs. 150 crore for FY 2026-27. These transactions include sale/purchase of goods, services, and inter-corporate loans on arm’s length terms. The company reported total income of Rs. 1245.54 lakh and a net profit of Rs. 45.21 lakh for FY 2024-25, with a significant increase in paid-up share capital to Rs. 28.45 crore following a rights issue. The Board comprises six directors, including three independent directors, with recent changes in appointments and resignations. Internal controls and compliance systems are reported adequate, with no material regulatory or legal issues. The company continues to focus on reviving and expanding its steel business amid competitive pressures and regulatory challenges.