Lakhotia Polyesters (India) Limited has appointed Ms. Kajal Dubey as an Independent Director and Mr. Murla Harishkumar Lakhotia as a Non-Executive Director. These appointments were approved by shareholders during the company's 21st Annual General Meeting held on September 21, 2026.

Appointment details

The board changes were intimated to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The appointments aim to strengthen the board's governance and strategic oversight capabilities.

Ms. Kajal Dubey was appointed as a Non-Executive Independent Director with effect from July 17, 2026. Her tenure is for a term of five consecutive years, and she is not liable to retire by rotation. She holds an MBA in Finance and brings expertise in corporate governance, financial management, risk assessment, and strategic planning.

Mr. Murla Harishkumar Lakhotia was appointed as a Non-Executive Non-Independent Director with effect from August 18, 2026. He is liable to retire by rotation. He holds an MBA degree and possesses substantial business experience, with a keen interest in international trade and related business activities.

Governance disclosures

Both appointees have confirmed they are not debarred from holding the office of Directors by any SEBI order or order of any other authority. Furthermore, neither Ms. Dubey nor Mr. Lakhotia is related to any other director of the company.

The AGM commenced at 4:00 pm and concluded at 4:30 pm. The information regarding these appointments is also available on the company's website.

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.