Le Merite Exports logo

Le Merite Exports MD, chairman, board of directors and AGM

NSE: LEMERITETextiles & ApparelsSmall Cap

Last close ₹18.88down ₹0.04 (0.21%)

Share price at the NSE close on 23 Oct 2026. Previous close ₹18.92.

52-week range of traded prices to 23 Oct 2026
₹17.73Low, 21 Sep 2026₹107.57High, 12 Dec 2025
Market cap
₹236 Cr1,504th largest listed
P/E
84.7
P/B
1.8
Dividend yield
Nonein the last 12 months
ROE
2.2%
ROCE
−1.3%
Debt to equity
0.67
Volume, NSE
1,37,08473.3% delivered

Le Merite Exports board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorUMASHANKAR LATH
  • Managing directorABHISHEK LATH
  • Company Secretary and Compliance OfficerArpit Sharma

6 directors3 independent3 executive

  • UMASHANKAR LATH · Chairperson and managing directorExecutive · joined Nov 2021 · 1 listed board · 1 committee seat
  • ABHISHEK LATH · Managing directorExecutive · joined Nov 2021 · 1 listed board · 2 committee seats
  • ROHIT AGARWALIndependent · joined Jan 2022 · reappointed Jan 2022 · 53 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • NARENDRA KUMAR SRIVASTAVAIndependent · joined Jan 2022 · reappointed Jan 2022 · 53 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • JAYDEEP PURUJIT MEHTAIndependent · joined Jan 2022 · reappointed Jan 2022 · 53 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • SWETA LATHExecutive · joined Nov 2021 · 1 listed board

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 23 Jun 20263 of 6 present2 independent · 25 days in between
    • 28 May 20265 of 6 present2 independent · 49 days in between
    • 8 Apr 20265 of 6 present2 independent · 53 days in between
    • 13 Feb 20265 of 6 present2 independent

  • Audit Committee

    Chair NARENDRA KUMAR SRIVASTAVA

    JAYDEEP PURUJIT MEHTA, ABHISHEK LATH, ROHIT AGARWAL

    • 23 Jun 20263 of 4 present2 independent · 25 days in between
    • 28 May 20263 of 4 present2 independent · 103 days in between
    • 13 Feb 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair JAYDEEP PURUJIT MEHTA

    NARENDRA KUMAR SRIVASTAVA, ROHIT AGARWAL

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair JAYDEEP PURUJIT MEHTA

    NARENDRA KUMAR SRIVASTAVA, ABHISHEK LATH, UMASHANKAR LATH

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair ROHIT AGARWAL

    ABHISHEK LATH, SWETA LATH

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • Nagori Nuwal and CompanyPeer-review certificate valid to Sep 2027
1 earlier auditor
  • Nagori Nuwal & Co.Named in the filing for the quarter to Mar 2025

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Le Merite Exports AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Le Merite Exports dividend history

Annual general meeting, 30 Sep 2026

4,625 shareholders on the register on 23 Sep 2026; present: 6 promoters and 14 others; votes counted by Sunnykumar Narwani / M/s VTSN and Associates LLP.The company's voting result (opens in a new tab)

  1. To receive, consider, approve and adopt a. the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2026, together with the reports of the Board and Auditors thereon. b. The Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the Report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 60.66% · promoters 99.85% · institutions 0.00% · other public 2.70%

  2. To consider a director in place of Mr. Umashankar Lath, Chairman and Managing Director (DIN: 05135035), who retires by rotation and being eligible, offers himself for re-appointment
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 60.66% · promoters 99.85% · institutions 0.00% · other public 2.70%

  3. To consider and if thought fit, to approve re-appointment of Mr. Abhishek Lath (DIN: 00331675) as Managing Director and CFO of the company and in this regard, to pass with or without modifications, the following resolution as special resolutionMoreLess
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 60.66% · promoters 99.85% · institutions 0.00% · other public 2.70%

  4. To consider and if thought fit, to approve re-appointment of Mr. Umashankar Lath (DIN: 05135035) as Managing Director and Chairman of the Company and in this regard, to pass with or without modifications, the following resolution as special resolutionMoreLess
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 60.66% · promoters 99.85% · institutions 0.00% · other public 2.70%

  5. To consider and if thought fit, to approve re-appointment of Mrs. Sweta Lath (DIN: 07213314) as Executive Director of the company and in this regard, to pass with or without modifications, the following resolution as special resolutionMoreLess
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 60.66% · promoters 99.85% · institutions 0.00% · other public 2.70%

  6. To consider and if thought fit, to approve re-appointment of Mr. Jaydeep Purujit Mehta (DIN: 06952808) as non-executive Independent Director of the company and in this regard, to pass with or without modifications, the following resolution as special resolutionMoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 60.66% · promoters 99.85% · institutions 0.00% · other public 2.70%

  7. To consider and if thought fit, to approve re-appointment of Mr. Narendra Kumar Srivastava (DIN: 09439120) as Non-executive Independent Director of the company and in this regard, to pass with or without modifications, the following resolution as special resolutionMoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 60.66% · promoters 99.85% · institutions 0.00% · other public 2.70%

  8. To consider and if thought fit, to approve appointment of Ms. Kusum Naruka (DIN: 10679553) as Non-executive Independent Director of the company and in this regard, to pass with or without modifications, the following resolution as special resolutionMoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 60.66% · promoters 99.85% · institutions 0.00% · other public 2.70%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 12 May 2026, 2 resolutions

1,707 shareholders on the register on 3 Apr 2026; votes counted by Sunnykumar Narwani / M/s VTSN and Associates LLP.The company's voting result (opens in a new tab)

  1. TO CONSIDER AND APPROVE SUB-DIVISION / STOCK SPLIT OF EQUITY SHARES OF THE COMPANY
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 59.69% · promoters 99.85% · institutions 0.01% · other public 0.30%

  2. TO CONSIDER AND APPROVE ALTERATION OF CAPITAL CLAUSE OF MEMORANDUM OF ASSOCIATION OF THE COMPANY
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 59.69% · promoters 99.85% · institutions 0.01% · other public 0.30%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 30 Sep 2025, 4 resolutions

1,423 shareholders on the register on 23 Sep 2025; present: 5 promoters and 18 others; votes counted by Sunnykumar Narwani / M/s VTSN and Associates LLP.The company's voting result (opens in a new tab)

  1. To receive, consider, approve and adopt the Audited Standalone Financial Statements for the Financial Year ended March 31, 2025, together with the reports of the Board and Auditors thereon
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.09%

    Turnout: all 61.51% · promoters 99.49% · institutions 0.00% · other public 0.38%

  2. To receive, consider, approve and adopt the Audited Consolidated Financial Statements for the Financial Year ended March 31, 2025, together with the report of the Auditors thereon
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.09%

    Turnout: all 61.51% · promoters 99.49% · institutions 0.00% · other public 0.38%

  3. To re-appoint Mrs. Sweta Lath (DIN 07213314), who is liable to retire by rotation, being eligible, seek re-appointment in terms of section 152(6) of the Companies Act, 2013
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.09%

    Turnout: all 61.51% · promoters 99.49% · institutions 0.00% · other public 0.38%

  4. To appoint M/s. Prachi Bansal & Associates, Company Secretaries, Faridabad (CP No. 23670) as Secretarial Auditor of the Company for a first term of 5 (five) consecutive years and to fix their remunerationMoreLess
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.09%

    Turnout: all 61.51% · promoters 99.49% · institutions 0.00% · other public 0.38%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 4 Aug 2025, 2 resolutions

1,335 shareholders on the register on 28 Jul 2025; present: 6 promoters and 13 others; votes counted by Sunnykumar Narwani / M/s VTSN and Associates LLP.The company's voting result (opens in a new tab)

  1. To consider and approve the issuance of Equity Shares to the proposed allottees on a Preferential Basis
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 61.80% · promoters 99.51% · institutions 0.00% · other public 0.03%

  2. To consider and approve the issuance of Equity Warrants of the Company to certain identified persons / entities on Preferential Basis
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 61.80% · promoters 99.51% · institutions 0.00% · other public 0.03%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 27 May 2025, 1 resolution

1,258 shareholders on the register on 25 Apr 2025; votes counted by Ayush Khandelwal / M/s Ayush Khandelwal & Associates.The company's voting result (opens in a new tab)

  1. Migration of the Company from SME Platform to Main Board of National Stock Exchange (NSE) and to make an application for Listing the Equity Shares of the Company on BSE Limited (Main Board)
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.22%

    Turnout: all 64.82% · promoters 98.65% · institutions 5.26% · other public 3.60%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 8 Jan 2025, 1 resolution

1,123 shareholders on the register on 6 Dec 2024; votes counted by Vijay Kumar Tiwari / Vijay S. Tiwari & Associates.The company's voting result (opens in a new tab)

  1. Alteration of the Objects Clause of the Memorandum of Association of the Company
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.40%

    Turnout: all 66.29% · promoters 98.03% · institutions 14.06% · other public 1.89%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 30 Sep 2024, 4 resolutions

Present: 6 promoters and 13 others.The company's voting result (opens in a new tab)

  1. To receive, consider, approve and adopt the Audited Standalone Financial Statements for the Financial Year ended March 31, 2024, together with the reports of the Board and Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 74.49% · promoters 99.70% · institutions 0.00% · other public 6.57%

  2. To receive, consider, approve and adopt the Audited Consolidated Financial Statements for the Financial Year ended March 31, 2024, together with the report of the Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 74.49% · promoters 99.70% · institutions 0.00% · other public 6.57%

  3. To re-appoint Mr. Abhishek Lath (DIN 00331675), who is liable to retire by rotation, being eligible, seek re-appointment in terms of section 152(6) of the Companies Act, 2013.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 74.49% · promoters 99.70% · institutions 0.00% · other public 6.57%

  4. To declare a Final Dividend on Equity Shares at the rate of 2% (Two percent) [i.e., paise 0.20/- (Twenty Paise only) per Equity Share of Face Value of 10/- (Rupees Ten Only)] for the Financial Year ended March 31, 2024.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 74.49% · promoters 99.70% · institutions 0.00% · other public 6.57%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 19 Aug 2024, 4 resolutions

Present: 5 promoters and 19 others.The company's voting result (opens in a new tab)

  1. INCREASE IN AUTHORIZED SHARE CAPITAL OF THE COMPANY.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 74.16% · promoters 99.70% · institutions 0.00% · other public 5.36%

  2. TO CONSIDER AND APPROVE THE ISSUANCE OF CONVERTIBLE EQUITY WARRANTS ON A PREFERENTIAL BASIS TO NON-PROMOTERS
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 74.16% · promoters 99.70% · institutions 0.00% · other public 5.36%

  3. TO CONSIDER AND APPROVE ISSUE OF CONVERTIBLE EQUITY WARRANTS ON A PREFERENTIAL BASIS TO PROMOTER
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 74.16% · promoters 99.70% · institutions 0.00% · other public 5.36%

  4. TO CONSIDER AND APPROVE TO MAKE LOANS OR INVESTMENT(S) OR PROVIDE SECURITY AND GUARANTEE IN EXCESS OF THE PRESCRIBED LIMITS UNDER SECTION 186 OF THE COMPANIES ACT, 2013
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 74.16% · promoters 99.70% · institutions 0.00% · other public 5.36%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Jun 2026. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.

RaisedAmount raisedForSet asideSpentSpent elsewhereReason and comments
Preferential IssuesSep 202518.80Strategic Investment14.103.00NoAuditors: The utilization of funds in the approved ratio for general corporate purpose is done on the total issue size of the allotment i.e INR 1879.68 Lakhs out of which Amount Received is INR 617.28 Lakhs.
Preferential IssuesSep 202518.80General Corporate Purpose4.703.17NoAuditors: The utilization of funds in the approved ratio for general corporate purpose is done on the total issue size of the allotment i.e INR 1879.68 Lakhs out of which Amount Received is INR 617.28 Lakhs.
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.