Lactose India Ltd. Issues Corrigendum to Extraordinary General Meeting Notice
Lactose India Ltd. announced on March 27, 2026, that it is issuing a corrigendum to the notice of its Extraordinary General Meeting (EGM), scheduled for Saturday, March 28, 2026. The meeting will be held at 10:30 AM. IST via Video Conferencing / Other Audio Visual Means facilitated by Bigshare Services Private Limited.The corrigendum provides modifications and clarifications to the resolutions and explanatory statement contained within the original notice, which was dated February 26, 2026. The changes include additional disclosures required by a SEBI letter dated July 2, 2025.
Shareholding Pattern Changes
The corrigendum details changes to the shareholding pattern of the Promoter/Promoter Group and Public shareholders before and after the implementation of a scheme.
| Category | Pre-Scheme Shareholding (%) | Post-Scheme Shareholding (%) | Change (%) |
|---|---|---|---|
| Promoter/Promoter Group | 53.65% | 58.84% | 5.19% |
| Public Shareholders | 46.35% | 41.16% | -5.19% |
The implementation of the scheme is expected to increase the shareholding of the Promoter/Promoter Group from 53.65% to 58.84%.
Details of Shareholder Classification
The following table provides details of shareholder classification and rationale:
| Name of the shareholder | Classification in VIPL (Promoter/Public) | No. of shares held | No. of shares allotted as per share swap ratio | Classification LIL (Promoter/Public) | Rationale for the same |
|---|---|---|---|---|---|
| Mrs. Sangita Maheshwari | Promoter | 19,95,000 | 15,85,227 | Promoter | Mrs. Sangita Maheshwari is the common promoter in both the Companies before the proposed scheme. |
| Mrs. Madhubala Toshniwal | Promoter | 5,000 | 3,973 | Promoter | Mrs. Madhubala Toshniwal is the mother of Mrs. Sangita Maheshwari (Promoter) of LIL. |
| Total | 20,00,000 | 15,89,200 |
Capital Built-Up of Vitanosh Ingredients Private Limited
Vitanosh Ingredients Private Limited was incorporated with 1,00,000 shares and a subsequent right issue of 19,00,000 shares.
Financial Performance
The following table presents the revenue, profit after tax, and EBITDA for Vitanosh Ingredients Private Limited and Lactose (India) Limited for the past three years (in lakhs):
Vitanosh Ingredients Private Limited
| Particulars | March 2025 | March 2024 | March 2023 |
|---|---|---|---|
| Revenue from Operations | 34.69 | 30.19 | 24.00 |
| Profit after Tax | (195.57) | (88.88) | 1.29 |
| EBIDTA | (103.10) | (60.02) | (0.94) |
Lactose (India) Limited
| Particulars | March 2025 | March 2024 | March 2023 |
|---|---|---|---|
| Revenue from Operations | 11639.9 | 11389 | 6579.63 |
| Profit after Tax | 516.29 | 678.9 | 120.87 |
| EBIDTA | 1841.22 | 2013.59 | 1209.79 |
The corrigendum, along with the original EGM notice, is available on the company website at www.lactoseindialimited.com and on the website of the BSE Limited at www.bseindia.com.
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