Laxmi Organic Industries Limited has notified the stock exchanges of an upcoming board meeting scheduled for Thursday, May 21, 2026, in accordance with Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was filed on May 5, 2026, and signed by Aniket Hirpara, Company Secretary and Compliance Officer.

Board Meeting Agenda

The meeting of the Board of Directors has been convened to consider and approve key financial and shareholder-related matters. The following items are on the agenda for the upcoming board meeting:

Regulatory Compliance

The intimation has been filed pursuant to Regulation 29 of SEBI (LODR) Regulations, 2015, which mandates listed companies to notify stock exchanges in advance of board meetings where financial results or dividend recommendations are to be considered. The notice was addressed to both BSE Limited and National Stock Exchange of India Limited, ensuring compliance with disclosure requirements across both exchanges where the company's shares are listed.

Key Highlights

• Board meeting scheduled for May 21, 2026
• Agenda includes approval of standalone and consolidated audited financial results for the quarter and year ended March 31, 2026
• Board to consider dividend recommendation on equity shares for FY ended March 31, 2026
• Filing made under Regulation 29 of SEBI (LODR) Regulations, 2015
• Intimation signed by Aniket Hirpara, Company Secretary and Compliance Officer, dated May 5, 2026

Laxmi Organic Industries Ltd has announced key leadership changes following a Board of Directors meeting held on April 10, 2026. The specialty chemicals company disclosed the resignation of its Chief Financial Officer and the appointment of an interim replacement to ensure business continuity.

CFO Resignation and Transition Details

The Board took note of Mr. Mahadeo Karnik's resignation from his position as Chief Financial Officer and Key Managerial Personnel. His tenure with the company will conclude at the close of business hours on April 13, 2026. The Board acknowledged his valuable contributions during his service period with the organization.

Additional SEBI Compliance Disclosure

Following an observation from the exchange, the company submitted additional disclosure on April 13, 2026, in compliance with SEBI regulations. The detailed disclosure was made pursuant to Schedule III – Para A – Clause 7(c) read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Resignation Letter Details

In his resignation letter dated April 10, 2026, Mr. Karnik cited "other professional considerations and better opportunities" as the reason for his departure. He confirmed that there are no material reasons for his resignation other than those stated and committed to extending full cooperation to ensure a smooth transition of responsibilities.

Interim CFO Appointment

To maintain operational continuity, the Board approved Mr. Harshvardhan Goenka's appointment as Interim Chief Financial Officer. Currently serving as Executive Director, Goenka will assume CFO responsibilities from the commencement of business hours on April 14, 2026. His interim role will continue until the new permanent Chief Financial Officer takes office.

Mr. Goenka brings substantial experience to the role, holding a Bachelor's degree in science from Babson College, Boston, USA. With over 13 years of experience in the chemicals industry, he has been instrumental in driving growth initiatives and establishing new ventures at Laxmi Organic. He serves as an active member of the Entrepreneurs Organisation, Mumbai, and the Babson Alumni Club.

Leadership Profile and Experience

Since joining the Board in November 2020, Goenka has played a significant role in shaping the company's strategic direction and growth initiatives.

Future CFO Appointment Timeline

The management has identified a successor for the permanent Chief Financial Officer position. The potential candidate is tentatively expected to join the company on June 15, 2026. However, the appointment remains subject to approval from the Nomination and Remuneration Committee, Audit Committee, and Board of Directors in their upcoming meetings.

The Board meeting commenced at 17:00 hours IST and concluded at 17:30 hours IST on April 10, 2026. All disclosures have been made in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.