Laxmi Organic Industries has announced the resignation of its Chief Financial Officer, Mr. Mahadeo Karnik, effective from the close of business on April 13, 2026. To ensure continuity, the Board of Directors has appointed Mr. Harshvardhan Goenka, an Executive Director, to serve as the Interim Chief Financial Officer starting April 14, 2026. The company has already identified a successor who is expected to join by June 15, 2026.
Leadership Change at Laxmi Organic
Laxmi Organic Industries has officially confirmed the upcoming departure of its Chief Financial Officer, Mr. Mahadeo Karnik. Mr. Karnik, who served as a Key Managerial Personnel for the organization, will be relieved of his duties following the close of business hours on April 13, 2026. The Board of Directors expressed their appreciation for his service and contributions during his tenure.
Interim Financial Leadership Appointed
To facilitate a smooth transition, the company has appointed Mr. Harshvardhan Goenka as the Interim Chief Financial Officer. Mr. Goenka, currently an Executive Director, brings significant leadership experience to the role, having joined the Board in November 2020. His academic background includes a Bachelor’s degree in science from Babson College, Boston, USA, and he possesses over 13 years of experience in the chemicals sector. He will assume the interim responsibilities beginning April 14, 2026.
Succession Planning and Future Outlook
The company has confirmed that a permanent successor for the CFO position has been identified. This individual is tentatively scheduled to join the organization on June 15, 2026. The formal proposal for this appointment will be reviewed by the Nomination and Remuneration Committee, the Audit Committee, and the Board of Directors in their upcoming scheduled meetings.
Source: BSE
