Laxmi Organic Industries Limited has announced the resignation of two key senior management personnel: Dr. Keshav Ruthia, Chief Procurement Officer, and Mr. Salil Mukundan, Chief Technology Officer. Both executives will be relieved from their duties on October 31, 2026. The company stated that these resignations are to pursue opportunities outside Laxmi and that it does not currently envisage like-for-like replacements, opting instead for integration within the existing leadership structure.
Senior Management Changes at Laxmi Organic
Laxmi Organic Industries Limited has officially informed stakeholders of the resignation of two senior management positions: Dr. Keshav Ruthia, Chief Procurement Officer, and Mr. Salil Mukundan, Chief Technology Officer. Both individuals will conclude their tenures with the company on October 31, 2026.
Reasons for Resignation
Dr. Ruthia’s resignation, effective October 31, 2026, is to pursue an opportunity outside Laxmi Organic, aligning with his personal aspirations. Similarly, Mr. Mukundan’s resignation, also effective October 31, 2026, is to explore external opportunities that better suit his personal career path, citing health reasons and evaluating potential options.
Company’s Response to Changes
In response to these departures, Laxmi Organic Industries stated that as part of its ongoing organizational realignment, the responsibilities of the outgoing executives will be integrated within the existing leadership structure. The company indicated that it does not currently plan for direct, like-for-like replacements at the senior leadership level, emphasizing a focus on strengthening ownership, accountability, and execution effectiveness.
Source: BSE
