Laxmi Organic Industries Limited has released its audited financial results for the year ended March 31, 2026, while correcting a typographical error in the earnings per share (EPS) figures for the final quarter. The company also announced a final dividend of ₹0.30 per equity share, the appointment of a new Chief Financial Officer, and the re-appointment of its cost auditors, as approved during the Board meeting held on May 21, 2026.
Financial Results and Correction
Following the review of the financial performance for the period ended March 31, 2026, the company issued a clarification regarding its Q4 earnings. The Basic and Diluted EPS for the quarter were corrected to ₹0.77, rectifying an inadvertent typographical error in the previously submitted data. The company has confirmed that there are no other changes to the financial statements and disclosures already shared.
Dividend and Governance Announcements
The Board of Directors has recommended a final dividend of ₹0.30 per equity share, which represents 15% of the face value of ₹2 per share for the financial year 2025-26. This dividend is subject to approval by shareholders at the 37th Annual General Meeting, scheduled for August 5, 2026. The Record Date for determining dividend eligibility is set for July 21, 2026.
Leadership Changes
In a move to strengthen its leadership team, the company announced the appointment of Mr. Amit Jain as the new Chief Financial Officer and Key Managerial Personnel, effective from the start of business hours on June 16, 2026. Consequently, Mr. Harshvardhan Goenka, who has been serving as the interim CFO, will transition out of this additional responsibility at the close of business hours on June 15, 2026.
Operational Appointments
To ensure continued compliance and oversight, the Board has also approved the re-appointment of M/s B. J. D. Nanabhoy & Company as the Cost Auditors for the company for the financial year 2026-27. The remuneration for this appointment is subject to ratification by the members during the upcoming Annual General Meeting.
Source: BSE
