Laser Power & Infra Ltd has received an in-principle approval for the allotment of approximately 40 acres of land in West Bengal to establish a new manufacturing facility for integrated power cables and conductors.

The provisional Letter of Intent was issued by the West Bengal Industrial Development Corporation Limited (WBIDC), under the Government of West Bengal. The proposed site is located at the Vidyasagar Industrial Park in Kharagpur, West Bengal.

Lease terms and conditions

The land allotment is structured as a long-term lease for a period of 99 years. The company stated that the transaction remains subject to the specific terms and conditions outlined in the LOI issued by WBIDC.

To proceed with the execution of the lease and commencement of the project, Laser Power must complete all necessary formalities and comply with the prescribed conditions mandated by the state industrial development corporation.

Strategic impact

The new facility is expected to strengthen the company's presence in the power infrastructure sector. Key strategic benefits highlighted by the management include:

• Expansion of manufacturing capacity
• Improvement in supply chain efficiencies
• Support for future growth opportunities

This disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information is also available on the company's website.

Laser Power & Infra Limited has accepted the resignation of Debendra Banthiya as its Company Secretary and Compliance Officer, effective from the close of business hours on October 5, 2026. The decision was taken during a board meeting held on September 23, 2026.

In the same meeting, the Board approved the reclassification of two entities currently classified as part of the Promoter Group to the 'Public Shareholder' category. This action was taken pursuant to Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

Banthiya tendered his resignation on August 25, 2026, citing personal reasons and a desire to pursue career opportunities outside the company. He requested to be relieved on or before September 24, 2026. The Board noted and accepted this resignation with an effective date of October 5, 2026.

The company disclosed that Banthiya will complete necessary statutory filings in accordance with the Companies Act and SEBI Listing Regulations before his departure.

Promoter Group Reclassification

The Board approved requests received on September 21, 2026, from Chaitak Sales Private Limited and Daimler Industries Private Limited to move from the Promoter Group to the Public Shareholder category. The Board recorded that conditions under Regulation 31A were met, subject to stock exchange approval.

Governance and Compliance

The outgoing members of the Promoter Group undertook compliance with conditions specified in Regulation 31A(3)(b) and Regulation 31A(4) of the SEBI Listing Regulations. The board meeting commenced at 1:45 pm and concluded at 2:45 pm. Information regarding these developments is available on the company's website.