Le Lavoir Limited has announced a strategic partnership with Orex Coliving Spaces Private Limited (Union Living) to expand its laundry service offerings in the residential and hospitality sectors. The agreement, disclosed on 14th April, 2026, marks a significant milestone in the company's growth strategy as it seeks to broaden its market presence beyond traditional institutional clients.

Partnership Details and Service Scope

The collaboration will see Le Lavoir Limited providing comprehensive laundry solutions under its established brand name. The partnership encompasses multiple service categories designed to meet diverse customer needs in residential communities.

Strategic Vision and Market Expansion

According to Managing Director Sachin Kapse, this initiative represents a major advancement in Le Lavoir's approach to providing laundromat services to the hospitality sector. The service framework focuses on creating streamlined and reliable experiences for residents while maintaining high standards of garment care and hygiene. The company expects this move to enhance operational synergies, broaden its customer base, and support long-term growth initiatives.

Director cum Chairman Ashok Dilipkumar Jain emphasized the significance of the partnership, noting that it reinforces confidence in the business and demonstrates the trust that renowned hospitality brands in Mumbai have placed in the company. The leadership remains focused on building a reliable and scalable service platform with the objective of becoming a preferred partner across Indian markets.

Company Background and Market Position

Le Lavoir Limited brings substantial industry experience to this partnership, having been incorporated in 1981 and maintaining operations for over four decades. The company is listed on BSE Limited and has established itself in the institutional laundry services sector.

Growth Strategy and Future Outlook

The partnership aligns with Le Lavoir Limited's broader expansion strategy, which includes targeting various institutions and entering the retail market segment to cater to consumer needs. The company operates under a structured approach that emphasizes safety and hygiene standards while delivering efficient service solutions for modern residential ecosystems.

The management team has expressed confidence in significantly expanding the clientele base over the coming years, supported by strong business acumen and customer-centric practices. The initiative also aligns with the Government of India's 'Make in India' and 'Atmanirbhar Bharat' vision, contributing to a more self-sustained and quality-driven service ecosystem.

Le lavoir Limited has received a substantial acquisition disclosure from Ashok Dilipkumar Jain regarding his purchase of 2,28,000 equity shares through preferential allotment. The disclosure, submitted under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, was filed on April 11, 2026, for shares acquired on March 30, 2026.

Acquisition Details

The transaction significantly increased Jain's stake in the company, with his shareholding rising from 1,11,300 shares to 3,39,300 shares. This represents a substantial jump in his ownership percentage from 3.44% to 9.78% of the company's total share capital.

Share Capital Expansion

The preferential allotment resulted in an expansion of Le Lavoir Limited's equity share capital. The company's total equity shares increased from 32,40,000 to 34,68,000 shares, each carrying a face value of Rs. 10.00.

Regulatory Compliance

Ashok Dilipkumar Jain, who holds Director Identification Number (DIN) 03013476, is not part of the promoter or promoter group of Le Lavoir Limited. The disclosure identifies two persons acting in concert with Jain: Kajal Ashok Jain and Viha Ashok Jain.

The acquisition was completed through preferential allotment, and the disclosure was properly submitted to both Le Lavoir Limited and BSE Limited, where the company's shares are listed under the security code 539814. The filing ensures compliance with SEBI regulations governing substantial acquisitions in publicly listed companies.