Laxmi Organic Industries Limited has released its unaudited financial results for the third quarter and nine months ended December 31, 2025, revealing a challenging operational environment with declining revenues and profitability metrics.

Financial Performance Overview

The company's standalone financial performance for Q3FY26 showed notable declines across key metrics compared to the previous year:

The consolidated results showed a similar trend, with revenue from operations declining to ₹7,186.82 million from ₹7,863.35 million in Q3FY25, representing an 8.6% decrease.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, the company's performance reflected sustained pressure:

Significant Operational Developments

The company implemented several important changes during the reporting period that impacted its financial performance. A key development was the change in depreciation method from written down value to straight line method, reflecting management's reassessment of economic benefits from assets. This change resulted in lower depreciation expenses, with the company noting that under the previous method, depreciation for Q3FY26 would have been higher by ₹288.97 million.

Additionally, Laxmi Organic reversed accrued liabilities of ₹407.27 million related to wheeling losses, wheeling charges, transmission losses and transmission charges levied by Maharashtra State Electricity Distribution Company Limited. This reversal was based on a favorable order from MERC and adjustments in electricity bills received during the quarter.

Corporate Governance Updates

The Board of Directors approved the re-appointment of Dr. Rajiv Banavali as an Independent Director for a second term of two years from May 18, 2026, to May 17, 2028. Dr. Banavali brings over 38 years of experience in the chemicals sector, with 23 years in leadership roles at cutting-edge research organizations including WestRock Corporation, Rohm & Haas, Honeywell, and Huntsman.

Tax and Regulatory Matters

The company exercised the option under Section 115BBA of the Income Tax Act, 1961, to compute income tax at the revised rate of 25.17%. This resulted in a reversal of deferred tax liability of ₹97.18 million for the nine-month period. The company also recognized an expense of ₹38.02 million toward increased gratuity liability and compensated absences following the notification of new Labour Codes by the Government of India.

Capital Structure Changes

During the nine-month period, the company allotted 1,24,060 equity shares of face value ₹2 each to option grantees. The paid-up capital increased from ₹554.05 million to ₹554.30 million, consisting of 27,71,47,873 equity shares. The company also received GST incentives of ₹234.46 million under the Package Scheme of Incentives – 2019 from the Government of Maharashtra during the quarter ended September 30, 2025.

Laxmi Organic Industries Limited has announced its earnings conference call to discuss the operational and financial performance for the third quarter of fiscal year 2026. The company issued a formal intimation to stock exchanges on January 20, 2026, regarding the scheduled investor and analyst meet.

Conference Call Details

The earnings conference call is scheduled for Friday, January 30, 2026, at 2:00 PM IST (14:00 hours). The call will focus on discussing financial results for the quarter and nine months ended December 31, 2025. This announcement was made pursuant to Regulation 30 and Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Access Information

The company has provided comprehensive dial-in details for participants to join the earnings call. Multiple access options are available to accommodate both domestic and international participants.

Key Participants

The earnings conference call will be led by senior management representatives who will present the company's performance and address participant queries:

• Dr. Rajan Venkatesh – Managing Director & Chief Executive Officer
• Mr. Mahadeo Karnik – Chief Financial Officer

Registration and Contact Information

Participants are encouraged to pre-register for the call through the registration link provided by the company. For additional queries and RSVP, participants can contact the designated representatives from Strategic Growth Advisors Pvt. Ltd.:

• Mr. Sagar Shroff: +91 98205 19303
• Mr. Tanay Shah: +91 98333 91899

The company secretary and compliance officer, Aniket Hirpara, signed the official communication digitally on January 20, 2026, ensuring compliance with regulatory requirements for investor communication.