Laxmi Organic Industries Limited has completed the allotment of 63,694 equity shares under its Employee Stock Option Plan 2020, as announced to the stock exchanges on April 3, 2026. The allotment was approved by the Nomination and Remuneration Committee of the Board of Directors through circular resolution in accordance with the terms of the ESOP-2020 Scheme.

Share Allotment Details

The allotment comprises equity shares with a face value of ₹ 2/- each, issued for cash consideration. These newly allotted shares carry identical rights and rank pari passu in all respects with the existing equity shares of the company.

Exercise Price Structure

The share allotment involved two different exercise price categories reflecting the varying terms under the ESOP scheme:

Impact on Share Capital

Following the allotment, the company's share capital structure has been updated to reflect the increased equity base:

Regulatory Compliance

The allotment has been made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also complied with Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, providing detailed disclosure of the share allotment.

The shares are listed on both the Bombay Stock Exchange and National Stock Exchange of India Limited. The company filed the initial statement under regulation 10(b) with the stock exchanges on November 16, 2021, with filing numbers BSE: 143006 and NSE: 29247. No lock-in restrictions apply to the newly allotted shares, and no listing fees are payable for this allotment.

Laxmi Organic Industries Limited has successfully completed its postal ballot process for the re-appointment of Dr. Rajiv Banavali as an Independent Director. The company announced the voting results on March 10, 2026, following the conclusion of the remote e-voting process that ran from February 07, 2026 to March 08, 2026.

Overwhelming Shareholder Support

The postal ballot received strong endorsement from shareholders, with the special resolution securing approval from 99.93% of the votes cast. The voting process was conducted exclusively through remote e-voting, in compliance with regulatory requirements and current guidelines.

Director Appointment Details

Dr. Rajiv Banavali, holding DIN 09128266, has been re-appointed as an Independent Director for his second term. The appointment will be effective from May 18, 2026, and will continue until May 17, 2028, spanning a period of two years.

Voting Process and Timeline

The postal ballot process was initiated with a notice dated January 29, 2026, and the voting period commenced on February 07, 2026 at 09:00 a.m. IST. The e-voting facility remained available until March 08, 2026 at 05:00 p.m. IST. The cut-off date for determining eligible voters was set as January 30, 2026, based on the register of members and beneficial owners' list from depositories.

Scrutinizer's Report

M/s GMJ & Associates, Company Secretaries, represented by CS Mahesh Soni, served as the scrutinizer for the postal ballot process. The scrutinizer was appointed on January 29, 2026, and conducted the entire process in accordance with Section 108 and 110 of the Companies Act, 2013, and relevant SEBI regulations. The votes were unblocked on March 09, 2026 at 03:18 p.m. IST in the presence of two independent witnesses.

Regulatory Compliance

The postal ballot was conducted in full compliance with the provisions of the Companies Act, 2013, Companies (Management and Administration) Rules, 2014, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has made the voting results and scrutinizer's report available on its website and the registrar's portal for transparency and regulatory compliance.