Promoter Jay Manilal Chheda has reduced his shareholding in Lamosaic India Limited by 1.46% through open market transactions. The sales, conducted on the National Stock Exchange, lowered his stake from 16.19% to 14.73%. The disclosures were submitted to the exchange in compliance with SEBI regulations regarding substantial acquisition of shares and insider trading.

Shareholding Changes

The transactions involved the sale of 1,50,600 equity shares carrying voting rights. Prior to the sale, Jay Manilal Chheda held 16,73,942 shares, representing 16.19% of the total paid-up share capital. Following the disposal, his holding stands at 15,23,342 shares.

Transaction Details

The sales occurred over two days. On June 9, 2026, the promoter sold 30,600 shares, followed by the sale of 1,20,000 shares on June 10, 2026. The total voting capital of Lamosaic India Limited remains 1,03,38,008 equity shares, with a face value of ₹10 per share.

Promoter Group Activity

Leela Manilal Chheda, a member of the promoter group, also adjusted her shareholding during this period. She sold a total of 28,200 shares, reducing her stake from 0.26% to 0.00%. Her transactions included a sale of 1,200 shares and a purchase of 1,200 shares on June 8, 2026, followed by the sale of 28,200 shares on June 10, 2026.

The company submitted the disclosures to the National Stock Exchange of India Limited on June 11, 2026, confirming compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011, and Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

Lamosaic India Limited reported a net profit of ₹16.65 crore for the financial year ended March 31, 2026, a decrease from ₹24.79 crore in the previous year. Revenue from operations fell to ₹102.10 crore from ₹143.49 crore in FY25. The Board of Directors approved the Standalone Audited Financial Statements at a meeting held on May 27, 2026.

M/s. R G G R & Associates LLP, the Statutory Auditors, issued an Audit Report with an unmodified opinion on the financial results. However, the auditors drew attention to outstanding statutory dues, including unpaid income tax liabilities and other statutory liabilities as of March 31, 2026. Management represented that these liabilities would be discharged in due course. Additionally, certain proceedings initiated by the Directorate General of GST Intelligence (DGGI) relating to GST matters for earlier periods are pending adjudication.

The company disclosed that it has fully utilized the proceeds of ₹61.20 crore raised through its Initial Public Offering (IPO) on November 27, 2024. Shareholders approved deviations in the use of issue proceeds via postal ballots on March 29, 2025, and March 1, 2026. Unutilized amounts of ₹1.04 crore from issue-related expenses and ₹4.05 crore from pursuing inorganic growth were reallocated to meet incremental working capital requirements.

The Board appointed M/s JC & Associates as the Secretarial Auditor for the financial year 2025-26. In a separate disclosure, the company confirmed it does not fall under the category of a “Large Corporate” as per SEBI circulars regarding fund raising by issuance of debt securities.

Financial Performance

The company’s total income for FY26 stood at ₹102.27 crore, compared to ₹143.60 crore in the previous year. Total expenses decreased to ₹99.45 crore from ₹140.17 crore in FY25. Earnings per share (EPS) for the year declined to ₹1.61 from ₹2.98 in the previous year.

Standalone Financial Results (FY26)

Utilization of IPO Proceeds