Laxmi Organic Industries’ Board has approved the re-appointment of Dr. Rajiv Banavali as an Independent Director for a second term. His new term starts May 18, 2026, and runs until May 17, 2028. The decision follows the Nomination and Remuneration Committee’s recommendation and is subject to shareholder approval. Dr. Banavali brings over 38 years of expertise in the chemicals sector.
Director Re-Appointment
The Board of Directors at Laxmi Organic Industries has approved the re-appointment of Dr. Rajiv Banavali (DIN: 09128266) as an Independent Director. His tenure will extend for another two years, beginning on May 18, 2026, and concluding on May 17, 2028.
Terms of the Re-Appointment
This re-appointment, which is not subject to retirement by rotation, follows the recommendation of the Nomination and Remuneration Committee. The re-appointment requires the approval of the company’s members.
Dr. Banavali’s Expertise
Dr. Banavali brings a wealth of experience to the Board, with over 38 years in the chemicals sector, including 23 years in leadership roles focused on research organizations. He holds degrees in chemistry and has previously held senior positions at companies such as WestRock Corporation, Rohm & Haas, Honeywell, and Huntsman.
Financial Results: Q3 2026
Laxmi Organic Industries announced its unaudited standalone financial results for the third quarter (Q3) and nine months ending December 31, 2025. Key figures from the standalone results include:
- Revenue from Operations: ₹7,068.72 million
- Total Income: ₹7,100.46 million
- Profit Before Tax: ₹235.81 million
- Profit After Tax: ₹198.31 million
Consolidated Financial Results
The company also reported consolidated financial results for the same periods. Key figures include:
- Revenue from Operations: ₹7,186.82 million
- Total Income: ₹7,218.32 million
- Profit Before Tax: ₹258.10 million
- Profit After Tax: ₹254.05 million
Earnings Per Share
Basic earnings per share stood at ₹0.71 and diluted earnings per share was ₹0.71 for the quarter. On a consolidated basis, basic earnings per share amounted to ₹0.92 while diluted earnings per share was ₹0.92 for the quarter.
Source: BSE
