Laxmi Organic Industries has announced the resignation of its Chief Financial Officer, Mr. Mahadeo Karnik, effective from the close of business hours on April 13, 2026. To ensure continuity in financial operations, the company has appointed Mr. Harshvardhan Goenka as the Interim Chief Financial Officer. This transition will take effect starting from the business hours of April 14, 2026, until a permanent successor is appointed to the role.
Leadership Transition Update
Laxmi Organic Industries has officially confirmed the departure of its long-standing Chief Financial Officer, Mr. Mahadeo Karnik. In his formal resignation letter, Mr. Karnik cited other professional considerations and a need to re-prioritize his current commitments as the primary reasons for stepping down. He has expressed his full cooperation to ensure a smooth transition of his responsibilities.
Interim CFO Appointment
Following the resignation, the board has designated Mr. Harshvardhan Goenka to serve as the Interim Chief Financial Officer. Mr. Goenka brings extensive experience to this role, holding a Bachelor’s degree in science from Babson College, Boston, USA. With a professional background spanning over 13 years in the chemicals industry, he has been a pivotal part of the company’s growth since joining the Board in November 2020.
Strategic Outlook
Mr. Goenka has been instrumental in driving the company’s growth agenda and establishing new ventures. As he steps into this interim financial leadership role, the company remains focused on maintaining its strategic direction. The firm is currently working toward a seamless handover process to maintain operational stability and investor confidence during this period of leadership change.
Source: BSE
