Le Lavoir Limited: Independent Director Ms. Keya Bhattacharya Resigns Effective 9 May 2026

1 min read     Updated on 09 May 2026, 08:08 PM
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Le Lavoir Limited has informed BSE Limited of the resignation of Ms. Keya Bhattacharya (DIN: 09508486) as Non-Executive and Independent Director, effective 9 May 2026, citing personal reasons. The disclosure, signed by Managing Director Sachin Kapse (DIN: 08443704), was made under Regulation 30 of SEBI (LODR) Regulations, 2015, with Ms. Bhattacharya confirming no other material reasons for her resignation.

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Le Lavoir Limited has notified BSE Limited of the resignation of Ms. Keya Bhattacharya (DIN: 09508486) from the post of Non-Executive and Independent Director of the company, with effect from 9 May 2026. The intimation was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with the relevant SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023. The disclosure was signed by Sachin Kapse, Managing Director (DIN: 08443704), on behalf of Le Lavoir Limited.

Resignation Details

Ms. Keya Bhattacharya cited personal reasons as the basis for her inability to continue devoting time to the company, leading to her decision to step down. The company has confirmed receipt of her resignation letter and stated that she has provided confirmation that there are no other material reasons for her resignation beyond those mentioned therein. The following table summarises the key details of the resignation as disclosed under Annexure A of the regulatory filing:

Parameter: Details
Name: Ms. Keya Bhattacharya
DIN: 09508486
Designation: Non-Executive and Independent Director
Reason for Resignation: Personal reasons
Date of Cessation: 9 May 2026
Directorships in other listed entities: Nil
Board committee memberships in other listed entities: Nil
Material reasons other than those stated: None confirmed

Regulatory Compliance

The disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The resignation letter from Ms. Keya Bhattacharya has been attached as part of the annexure submitted to the stock exchange. Le Lavoir Limited has requested BSE Limited to take the intimation on record.

Historical Stock Returns for Le Lavoir

1 Day5 Days1 Month6 Months1 Year5 Years
-6.76%0.0%0.0%0.0%0.0%+346.99%

Who will Le Lavoir Limited appoint as the replacement Independent Director, and how quickly must the company fill this vacancy to maintain SEBI-mandated board composition requirements?

How might the departure of Ms. Keya Bhattacharya affect the quorum and functioning of key board committees such as the Audit or Nomination & Remuneration Committee at Le Lavoir Limited?

Could this resignation signal broader governance challenges at Le Lavoir Limited, and how might institutional investors or analysts reassess the company's corporate governance rating?

Le Lavoir Limited Receives BSE Trading Approval for Preferential Allotment of 2,28,000 Equity Shares via Warrant Conversion

1 min read     Updated on 06 May 2026, 01:03 PM
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AI Summary

Le Lavoir Limited has obtained BSE trading approval for 2,28,000 fully paid-up equity shares allotted to non-promoters on a preferential basis via warrant conversion. The shares carry a face value of ₹10/- each and are issued at a premium of ₹254.75/-, bearing distinctive numbers from 3240001 to 3468000. Trading in these shares became effective on Wednesday, May 6, 2026, following BSE's notice dated May 5, 2026. The development follows the company's in-principle application submitted to BSE on December 5, 2024, under Regulation 30 of SEBI's LODR Regulations.

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Le Lavoir Limited has received trading approval from BSE Limited for the preferential allotment of 2,28,000 fully paid-up equity shares, issued pursuant to the conversion of warrants. The approval, communicated via an e-letter dated May 5, 2026, marks the culmination of a process that began with the company's in-principle application to BSE on December 5, 2024. The shares are listed and available for trading effective Wednesday, May 6, 2026.

Preferential Allotment Details

The allotment pertains to equity shares issued to non-promoters on a preferential basis following the conversion of warrants. The key parameters of the allotment are outlined below:

Parameter: Details
Number of Shares: 2,28,000 equity shares
Face Value: ₹10/- per share
Premium: ₹254.75/- per share
Allottee Category: Non-Promoters
Distinctive Numbers: 3240001 to 3468000
Trading Effective Date: Wednesday, May 6, 2026
BSE Notice No.: 20260505-12 dated May 5, 2026

Regulatory Compliance

The intimation was made to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's Managing Director, Sachin Kapse, communicated the receipt of the trading approval to the exchange, along with the enclosure of the approval letter received from BSE. The BSE approval letter was issued under reference LOD/PREF/SV/43/2026-2027 and signed by Marian Dsouza, Assistant Vice President, and Sahana Shetty, Deputy Manager, on behalf of BSE Limited.

Exchange Notification

BSE Limited has advised trading members of the exchange regarding the listing of these securities through Notice No. 20260505-12 dated May 5, 2026, available on the BSE website. Le Lavoir Limited is registered with CIN L74110GJ1981PLC103918 and is headquartered in Rajkot, Gujarat.

Historical Stock Returns for Le Lavoir

1 Day5 Days1 Month6 Months1 Year5 Years
-6.76%0.0%0.0%0.0%0.0%+346.99%

How might the entry of new non-promoter shareholders through this preferential allotment influence Le Lavoir Limited's corporate governance and future strategic decision-making?

Given the significant premium of ₹254.75 per share over the ₹10 face value, what does this imply about investor confidence in Le Lavoir Limited's growth trajectory, and can the company sustain this valuation?

Are there additional tranches of warrant conversions or preferential allotments planned by Le Lavoir Limited that could further dilute existing shareholders' equity?

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1 Year Returns:0.00%