Lakhotia Polyesters (India) Ltd saw a shift in its shareholder structure on September 21, 2026, as Intensive Finance Private Limited acquired 6,21,000 equity shares, representing 5.93% of the company's issued capital.

The transaction, executed through the open market, involved the transfer of shares from Intensive Softshare Private Limited, an entity acting in concert with the buyer. This move effectively consolidates the stake within the same corporate group rather than exiting the investment entirely.

Transaction Details

The disclosure filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, highlights that the seller and buyer are related entities. The sale reduced Intensive Softshare's holding to zero, while increasing Intensive Finance's stake by the same quantum.

What the Numbers Show

The data reveals a strategic consolidation rather than a divestment. While Intensive Softshare exited its position completely, the total shareholding held by the combined entities remained unchanged at 16,05,021 shares or 15.32% of the total voting capital. This indicates that the economic interest in Lakhotia Polyesters remains intact within the group structure, shifting from one subsidiary to another. The seller, Intensive Softshare, is not part of the promoter or promoter group, suggesting this is a non-promoter institutional adjustment.

Regulatory Context

The transaction was reported to BSE Limited, where the target company's shares are listed. The equity share capital of Lakhotia Polyesters stands at ₹10,47,39,880, comprising 1,04,73,988 equity shares of ₹10 each. Both pre- and post-transaction diluted share capital figures remain consistent with this baseline, confirming no change in the total outstanding shares of the target company due to this trade.

Lakhotia Polyesters (India) Limited declared the voting results for its 21st Annual General Meeting held on September 21, 2026. All six resolutions proposed by the Board were passed unanimously with 100% of valid votes cast in favor.

The meeting, conducted via Video Conferencing and Other Audio-Visual Means on the Central Depository Services (India) Limited platform, saw participation from 16 shareholders. The quorum requirements under Section 103 of the Companies Act, 2013 were satisfied. Madhusudan Shamsundar Lakhotiya, Managing Director, chaired the proceedings in place of Chairperson Jayshri Madhusudan Lakhotiya.

Key Resolutions Passed

Shareholders approved several statutory resolutions during the meeting. The primary agenda items included:

• Adoption of audited financial statements for FY26 along with the Board’s and Statutory Auditors’ reports.
• Reappointment of Jayshri Madhusudan Lakhotiya as a Director upon retirement by rotation.
• Appointment of M/s Praveen Purohit & Associates as Statutory Auditor to fill a casual vacancy.
• Appointment of Kajal Dubey as an Independent Director.
• Appointment of Murla Harishkumar Lakhotia as a Director.

The Company Secretary confirmed that the Statutory Auditors issued their report without any qualifications, reservations, or adverse remarks.

Voting Results Breakdown

The scrutinizer, CS Manoj Mimani of M/s R M Mimani & Associates LLP, submitted the report on September 22, 2026. Remote electronic voting was available from September 17, 2026, to September 20, 2026. Shareholders holding shares as of the cut-off date, September 11, 2026, were eligible to vote.

What the Numbers Show

The voting data reveals a high concentration of promoter influence in decision-making. Promoters and Promoter Group held 77,51,261 shares, representing approximately 74% of the total outstanding shares of 1,04,73,988. They voted 69,85,321 shares, accounting for 99.99% of the total votes polled. Public shareholders voted only 1 share across all resolutions. This indicates that the outcome of all AGM resolutions was effectively determined by the promoter group's consensus, with negligible dissent or independent public shareholder impact on the final results.