Lakhotia Polyesters appoints Ms. Kajal Dubey as independent director

Lakhotia Polyesters (India) Limited has appointed Ms. Kajal Dubey as an Additional Director in the capacity of Non-Executive Independent Director effective July 17, 2026. The decision was made by the Board of Directors based on the recommendation of the Nomination and Remuneration Committee. The appointment is for a period of five consecutive years and is subject to the approval of the company's members pursuant to Regulation 17(1C) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Concurrently, the board accepted the resignation of Mr. Nikunj Shrawan Bihani from the position of Non-Executive Independent Director, effective July 17, 2026. Mr. Bihani cited pre-occupation and personal unavoidable circumstances as the reason for his resignation. Consequently, he has stepped down from his roles as Member and Chairman of various committees of the board.

Ms. Kajal Dubey holds an MBA in Finance and possesses expertise in corporate governance, financial management, risk assessment, and strategic planning. The company confirmed that she is not related to any of the existing directors and is not debarred from holding the office of director by any SEBI order or other regulatory authority.

Board Composition Changes

The changes in the board composition were detailed in the regulatory filing submitted to BSE Limited. The following table summarizes the key details of the appointment and cessation:

Sr. No.	Particulars	Details
1	Appointment	Ms. Kajal Dubey (DIN: 09717665) appointed as Additional Director (Non-Executive Independent Director) for 5 years from July 17, 2026.
2	Resignation	Mr. Nikunj Shrawan Bihani (DIN: 09773768) resigned as Non-Executive Independent Director effective July 17, 2026.
3	Reason for Resignation	Pre-occupation and personal unavoidable circumstances.
4	Shareholder Approval	Ms. Dubey's appointment is subject to member approval.

The board meeting commenced at 3:00 p.m. and concluded at 3:40 p.m. on July 17, 2026. The necessary disclosures regarding the appointment and cessation were made in accordance with Regulation 30 of the SEBI Listing Regulations and relevant circulars issued by the stock exchanges.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+5.19%	-3.60%	-6.25%	-13.67%	+52.83%	+689.47%

Lakhotia Polyesters (India) Ltd has announced a delay in the completion of its proposed acquisition of New Nexus FZ LLC. The company was initially scheduled to conclude the transaction by June 30, 2026, but now expects it to be finalized on or before September 30, 2026, pending regulatory approvals.

The disclosure, made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, updates previous intimations dated December 12, 2025, and April 01, 2026. The delay is attributed to a lag in the receipt of required regulatory clearances for the deal.

Acquisition Details

The proposed transaction involves the purchase of a 100% stake in New Nexus FZ LLC, an entity based in Dubai. The company had previously communicated its intent to acquire the entity and provided an initial timeline for the closure of the deal.

Entity	Location	Stake	Original Completion Date	Revised Completion Date
New Nexus FZ LLC	Dubai	100%	June 30, 2026	September 30, 2026

Regulatory Compliance

The intimation was submitted to BSE Limited to inform shareholders about the revised timeline. The company stated that the extension is necessary to accommodate the procedural requirements of the regulatory bodies involved. Managing Director Madhusudan Shamsundar Lakhotiya signed the disclosure on June 29, 2026.