Le Lavoir Limited has signed a five-year lease agreement to establish a laundry processing unit with office and warehousing facilities in Bengaluru, Karnataka.

The agreement, dated September 24, 2026, covers premises admeasuring approximately 2,400 sq. ft. located at Site No. 12, 2nd Block, Anjanapura Layout. The facility operations are scheduled to commence on October 1, 2026.

Strategic expansion in South India

The company stated that this infrastructure investment aims to strengthen its operational capabilities and support the scaling of its laundry and allied business operations in the region. The move is designed to enhance the company's operating footprint and service delivery capacity.

Regulatory compliance

The intimation was filed with BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure highlights the strategic nature of the investment as a platform for future growth in the southern market.

Le Lavoir Limited has circulated an addendum to its Annual General Meeting notice, adding specific resolutions for the regularization of two independent director appointments and approval of material related party transactions.

The addendum, dated September 22, 2026, introduces Agenda Items 8 through 10 for the AGM scheduled on Tuesday, September 29, 2026. These items seek shareholder approval for the appointment of Manish Shrichand Bachani and Parin Shirishkumar Bhavsar as independent directors and for related party transactions with Grace Marketing up to ₹3 crore.

Director appointments and committee changes

The board meeting held on September 22, 2026, initially approved the appointment of Bachani (DIN: 08013906) and Bhavsar (DIN: 09134264) as additional non-executive independent directors. The new agenda items now seek to regularize these appointments via special resolutions for a five-year term until September 21, 2031.

Following the appointments, the company reconstituted its Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee. In all three committees, Himanshu Keshubhai Togadiya serves as Chairperson, while Bhavsar and Ashok Dilipkumar Jain serve as members.

Material related party transactions

The board approved an ordinary resolution to authorize transactions with Grace Marketing, a sole proprietorship entity in which Whole-time Director Swaroop Dylon has common control. The proposed aggregate value of these transactions for FY27 is capped at ₹3 crore.

The transactions cover a broad range of activities, including the sale or purchase of goods, leasing of property, availing services, and underwriting securities. The duration of the arrangement is set for one year, from April 1, 2026, to March 31, 2027.

What the numbers show

The proposed transaction value of ₹3 crore represents 45.18% of the company's annual consolidated turnover for the immediately preceding financial year. This figure significantly exceeds the materiality threshold defined under SEBI Listing Regulations for SME listed entities, which is the lower of ₹50 crore or 10% of annual consolidated turnover. Given the company's FY25-26 consolidated turnover of ₹6.64 crore, the 10% threshold stands at approximately ₹0.66 crore, making the proposed ₹3 crore deal materially significant and necessitating shareholder approval.

Director profiles

Manish Shrichand Bachani holds a Bachelor of Commerce degree from Gujarat University. His expertise lies in marketing management, business operations, project management, and contract management. He holds directorships in Scarnose International Limited and Add-Shop E-Retail Limited but holds no shares in Le Lavoir.

Parin Shirishkumar Bhavsar is a qualified Company Secretary with six years of experience in corporate compliance and governance. He holds a Company Secretary qualification from ICSI (2017), an M.Com from Gujarat University (2016), and a B.Com from H.L. College of Commerce (2013). He serves as a member of the Audit and Nomination Committees at Svarnim Trade Udyog Limited. Neither director is related to any other director of the company.