Lakshmi Electrical Control Systems will hold a meeting of the Board of Directors of the Company on 7 August 2019.

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Lakshmi Electrical Control Systems announced that the Annual General Meeting (AGM) of the company will be held on 7 August 2019.

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Net profit of Lakshmi Electrical Control Systems declined 55.60% to Rs 2.30 crore in the quarter ended March 2019 as against Rs 5.18 crore during the previous quarter ended March 2018. Sales declined 35.00% to Rs 39.19 crore in the quarter ended March 2019 as against Rs 60.29 crore during the previous quarter ended March 2018.

For the full year,net profit declined 13.03% to Rs 10.21 crore in the year ended March 2019 as against Rs 11.74 crore during the previous year ended March 2018. Sales rose 1.23% to Rs 190.82 crore in the year ended March 2019 as against Rs 188.50 crore during the previous year ended March 2018.

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Lakshmi Electrical Control Systems announced that the Board of Directors of the Company at its meeting held on 29 May 2019, inter alia, have recommended the final dividend of Rs 9 per equity Share (i.e. 90%) , subject to the approval of the shareholders.

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