Laxmi Organic Industries Limited announced the outcome of its Board Meeting held on November 5, 2026. The board approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. Additionally, Mr. Rajesh Naik was appointed as an Additional Director and Whole-time Director, designated as Executive Director (Operations), effective November 6, 2026.
Board Meeting Outcome
Laxmi Organic Industries Limited convened a Board Meeting on November 5, 2026, to discuss and approve key corporate matters. The meeting resulted in the approval of the unaudited standalone and consolidated financial results for the quarter and six months that concluded on September 30, 2026. These results, along with the Limited Review Report from the Statutory Auditors, have been submitted to the stock exchanges.
Key Appointments Approved
In a significant governance decision, the Board, based on the recommendation of the Nomination and Remuneration Committee, approved the appointment of Mr. Rajesh Naik (DIN: 06935998) as an Additional Director and a Whole-time Director. He has been designated as Executive Director (Operations) and his appointment is effective from November 6, 2026. Mr. Naik brings over 34 years of experience in the chemical industry and currently heads the Company’s Manufacturing function. His appointment is for a term of five years, subject to shareholders’ approval.
Further Shareholder Approvals
The Board also approved the issuance of a postal ballot notice to shareholders for seeking approval on the appointment and re-designation of Mr. Harshvardhan Goenka as Managing Director & Chief Executive Officer and the appointment of Mr. Rajesh Naik as a Director and Whole-time Director designated as Executive Director (Operations).
Financial Disclosure
The approved financial results will be published in newspapers and will be available on the websites of the stock exchanges (NSE and BSE) and the Company’s website. The meeting commenced at 17:15 hours IST and concluded at 19:30 hours IST.
Source: BSE
