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, the company approved the appointment of Mr. Rajesh Naik as Additional Director and Whole-time Director, designated as Executive Director (Operations), effective November 6, 2026. The Board also approved seeking shareholder approval for the appointment of Mr. Harshvardhan Goenka as Managing Director & Chief Executive Officer via postal ballot.
Board Meeting Outcome: Financials and Leadership Changes
Laxmi Organic Industries Limited convened its Board Meeting on November 5, 2026, to discuss and approve key corporate matters. The board reviewed and approved the unaudited standalone and consolidated financial results for the quarter and the six-month period ending September 30, 2026. These results, along with the limited review reports from the Statutory Auditors, have been submitted to the stock exchanges.
Director Appointments and Designations
A significant decision made during the meeting was the approval of the appointment of Mr. Rajesh Naik (DIN: 06935998) as an Additional Director and Whole-time Director. He will be designated as Executive Director (Operations), with his appointment effective from November 6, 2026. Mr. Naik brings over 34 years of experience in the chemical industry and currently leads the company’s Manufacturing function. His appointment is intended to enhance oversight in manufacturing operations, safety, regulatory compliance, and digital transformation. His tenure as a Whole-time Director is proposed for five years, from November 6, 2026, to November 5, 2031, subject to shareholder approval.
Seeking Shareholder Approval for Key Leadership Roles
Furthermore, the Board approved the issuance of a postal ballot notice to shareholders for seeking approval on the appointment and re-designation of Mr. Harshvardhan Goenka (DIN: 08239696) as Managing Director & Chief Executive Officer of the Company. The appointment of Mr. Rajesh Naik as Director and Whole-time Director, designated as Executive Director (Operations), will also be subject to shareholder approval via postal ballot.
Financial Disclosures
The financial results will be published in newspapers as per SEBI regulations. The full financial statements will also be available on the websites of the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), and the company’s own website. The meeting of the Board of Directors commenced at 5:15 PM IST and concluded at 7:30 PM IST.
Source: BSE
