Lakhotia Polyesters (India) Limited announced key board changes following a meeting on August 17, 2026. The company approved the appointment of Mr. Murli Harishkumar Lakhotia as an Additional Director. Concurrently, the board accepted the resignation of Mr. Ashokkumar Gulabchand Khajanchi from his position as Executive Director, effective August 18, 2026. The company also appointed new statutory auditors.
Lakhotia Polyesters Board Meeting Outcome
During its meeting on August 17, 2026, the Board of Directors of Lakhotia Polyesters (India) Limited approved significant leadership transitions. The board welcomed Mr. Murli Harishkumar Lakhotia as an Additional Director, to serve in a Non-Executive, Non-Independent capacity. This appointment is effective from Tuesday, August 18, 2026, and is subject to shareholder approval.
Key Director Resignation
In other significant news, the Board accepted the resignation of Mr. Ashokkumar Gulabchand Khajanchi from his role as Executive Director. This resignation is also effective from August 18, 2026, due to personal reasons and unavoidable circumstances. The company confirmed that there are no other material reasons for his departure beyond those stated in his resignation letter.
Auditor Appointment and AGM Date
Furthermore, the board approved the appointment of M/s. Praveen Purohit & Associates as the new Statutory Auditors of the Company. This appointment is intended to fill the casual vacancy arising from the resignation of the previous auditors and is subject to member approval. The company also scheduled its 21st Annual General Meeting for Monday, September 21, 2026.
Source: BSE
