Lakhotia Polyesters (India) Limited has announced a revised timeline for its proposed acquisition of New Nexus FZ LLC, extending the completion date by three months due to regulatory approval delays. The company informed BSE on April 01, 2026, that the acquisition is now expected to be completed by June 30, 2026, instead of the originally planned March 31, 2026.

Acquisition Details

The proposed transaction involves acquiring a 100% stake in New Nexus FZ LLC, a Dubai-based entity. The acquisition was initially announced through a company intimation dated December 12, 2025, with an original completion target of March 31, 2026.

Reason for Delay

The company cited delays in receipt of regulatory approvals as the primary reason for the timeline extension. According to the filing, these delays are attributed to the prevailing geopolitical situation, which has impacted the approval process for the cross-border transaction.

Regulatory Compliance

The update was filed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring compliance with disclosure requirements for material events. The communication was signed by Managing Director Madhusudan Lakhotiya and submitted to BSE Limited.

Company Information

Lakhotia Polyesters (India) Limited operates from Maharashtra with its registered office located in Nashik district. The company maintains its corporate identification number as L17120MH2005PLC155146 and trades on BSE under scrip code 535387.

Lakhotia Polyesters (India) Limited has disclosed a substantial acquisition of shares by a member of its promoter group under SEBI regulations. The disclosure, dated December 18, 2025, reveals significant share purchase activity that has altered the shareholding pattern of the textile company.

Share Acquisition Details

Jayshree Madhusudanlakhotiya acquired 1,77,318 equity shares of face value ₹10.00 each through open market transactions. The acquisition represents a strategic increase in her stake within the company's equity structure.

Shareholding Pattern Changes

The acquisition has resulted in a notable change in Jayshree Madhusudanlakhotiya's shareholding percentage. Her stake in the company increased from 1.48% to 3.17% of the total share capital, representing a significant enhancement in her ownership position.

Promoter Group Holdings

The disclosure also provides comprehensive details of the entire promoter group's shareholding structure. The promoter and persons acting in concert collectively hold a substantial portion of the company's equity capital.

Key Promoter Group Members:

• Madhusudanlakhotiya: 46,67,745 shares (44.57%)
• Kanchandevi S Lakhotia: 11,86,624 shares (11.33%)
• Shyamsunder D Lakhotia: 8,66,884 shares (8.28%)
• Madhusudanlakhotia HUF: 4,24,000 shares (4.05%)
• Shyamsunder Dhanraj Lakhotia-HUF: 2,71,376 shares (2.59%)

The total promoter group holding stands at 75,71,693 shares, representing 72.29% of the company's total share capital.

Company Capital Structure

Lakhotia Polyesters maintains a stable capital structure with its equity share capital remaining unchanged following this acquisition. The company's total equity share capital stands at ₹10,47,39,880, comprising 1,04,73,988 equity shares of ₹10.00 each.

Regulatory Compliance

The disclosure was made in strict compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates disclosure when there is any acquisition of shares or voting rights that results in a change of 2% or more in the shareholding of listed companies. The filing demonstrates the company's commitment to maintaining transparency and adhering to regulatory requirements in the Indian capital markets.