Lakshmi Electrical Control Systems Limited has announced the retirement of a key senior management personnel, marking a significant transition in its research and development leadership.

Senior Management Transition

The company has informed BSE Limited about the retirement of Mr. C.N. Jayapragasan, Associate Vice President - Research and Development (R&D), effective March 31, 2026. The retirement announcement was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance

The formal communication was addressed to BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai, referencing the company's Security Id: LAKSELEC and Security Code: 504258. The announcement includes all required details under SEBI Circular no. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, and other relevant SEBI circulars.

Documentation and Authorization

The retirement notification was digitally signed by S. Sathyanarayanan, Company Secretary and Compliance Officer, on March 31, 2026. The document includes comprehensive annexure details as required by regulatory guidelines.

Disclosure Requirements

The company has fulfilled all mandatory disclosure requirements, including:

• Reason for change: Retirement of Senior Management Personnel
• Date of cessation: March 31, 2026 (close of business hours)
• Proper regulatory filing and documentation

The retirement represents a planned transition in the company's senior management structure, with all regulatory protocols being followed appropriately.

Lakshmi Electrical Control Systems Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, presenting a mixed performance with revenue growth offset by profitability challenges. The results were approved by the Board of Directors at their meeting held on January 30, 2026, and subsequently published in newspapers as per regulatory requirements.

Regulatory Compliance and Publication

The company fulfilled its regulatory obligations by publishing the unaudited financial results in Financial Express (English) and Dinamalar (Tamil) newspapers on January 31, 2026. This publication was communicated to BSE Limited through a formal letter dated January 31, 2026, under Security Code 504258, ensuring compliance with listing requirements.

Financial Performance Overview

The company demonstrated strong revenue growth in Q3 FY26, with revenue from operations reaching ₹5,839.01 lakhs compared to ₹4,936.81 lakhs in Q3 FY25, marking an increase of 18.27%. Total income for the quarter stood at ₹5,959.67 lakhs versus ₹5,035.76 lakhs in the previous year.

Despite the revenue growth, the company reported a net loss of ₹105.33 lakhs in Q3 FY26 compared to a profit of ₹13.09 lakhs in the corresponding quarter of the previous year. The basic earnings per share turned negative at ₹4.29 compared to positive ₹0.53 in Q3 FY25.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, the company maintained its growth trajectory with revenue from operations of ₹16,910.93 lakhs, up from ₹15,420.87 lakhs in the corresponding period last year, representing a 9.66% increase.

However, profitability remained under pressure with the company reporting a marginal net loss of ₹0.03 lakhs for the nine-month period compared to a profit of ₹76.87 lakhs in the previous year.

Segment-wise Performance

The Electricals segment continued to be the primary revenue contributor, generating ₹4,963.56 lakhs in Q3 FY26 compared to ₹4,324.11 lakhs in Q3 FY25. The Plastics segment showed significant growth with revenue of ₹909.69 lakhs versus ₹626.03 lakhs in the previous year.

All three business segments reported losses at the operational level in Q3 FY26, with the Plastics segment showing the highest loss of ₹81.44 lakhs.

Corporate Governance and Leadership

The financial results were signed and approved by Neethra J. S. Kumar, Chairperson and Managing Director, and communicated to the stock exchange by S. Sathyanarayanan, Company Secretary and Compliance Officer. The company maintains its registered office at 504, Avinashi Road, Peelamedu Post, Coimbatore - 641004, with administrative office and works located at Arasur, Coimbatore District.

Expense Analysis and Other Developments

Total expenses increased to ₹6,072.96 lakhs in Q3 FY26 from ₹5,022.84 lakhs in Q3 FY25. The major expense components included cost of materials consumed at ₹4,571.66 lakhs and employee benefits expense of ₹903.39 lakhs.

The company reported exceptional items of ₹1.74 lakhs in Q3 FY26, primarily related to the incremental impact of new Labour Codes notified by the Government of India on November 21, 2025. This impact consisted mainly of gratuity adjustments due to changes in wage definition under the consolidated labour laws.

The company's paid-up equity share capital remained unchanged at ₹245.80 lakhs with a face value of ₹10.00 per share. Total assets stood at ₹36,175.83 lakhs as of December 31, 2025, compared to ₹36,923.93 lakhs in the previous year.