LG Electronics India Limited has announced an upcoming postal ballot to seek shareholder approval for two key resolutions. The first resolution concerns the re-appointment of Mr. Dongmyung Seo as Whole Time Director (designated as Executive Director) for a period of four years, effective from January 27, 2026. His current tenure was set to conclude on January 26, 2026. The second resolution is to approve material related party transactions between LG Electronics India Limited and its promoter, LG Electronics Inc. These transactions, which will be carried out on an arm's length basis and in the ordinary course of business, can aggregate up to ₹72,500 Million (approximately ₹7,250 crore). The scope of these transactions includes the purchase and sale of raw materials, stores, spares, service components, and stock-in-trade, as well as purchase of fixed assets, payment of royalty, service charges, and warranty claims. The postal ballot will be conducted exclusively through remote e-voting. The e-voting period will commence on March 2, 2026, at 09:00 a.m. IST and conclude on March 31, 2026, at 05:00 p.m. IST. The cut-off date for determining eligible members for remote e-voting is February 20, 2026. The results of the postal ballot are expected to be declared on or before April 2, 2026. The company has engaged National Securities Depository Limited (NSDL) to facilitate the remote e-voting process.
