Le Lavoir Limited has announced a strategic expansion into the hospitality sector through the acquisition of three entities specializing in travel and accommodation services. The company disclosed under Regulation 30 of SEBI listing requirements that it entered into a Memorandum of Understanding on March 6, 2026, for the complete acquisition of Travel Wings, Travelwings Hospitalities Private Limited, and Unigokuldham Hospitality Private Limited.

Strategic Acquisition Details

The proposed transaction involves acquiring 100% equity stakes in all three target entities, marking Le Lavoir's diversification from its core business into the hospitality and travel sectors. The acquisition is designed to support and strengthen the company's retail laundry business development across India by creating synergies with hospitality operations.

Business Synergies and Strategic Rationale

Travel Wings will engage in domestic and international tours, business tours, and conferences, generating continuous laundry needs for hotels, event venues, and travel groups. This creates a direct revenue stream for Le Lavoir's retail laundry operations through increased customer traffic and service demand.

Both Travelwings Hospitalities and Unigokuldham Hospitality will operate hotels and resorts, providing stable and sustainable demand for laundry services while improving service quality and operational efficiency across both hospitality and laundry business segments.

Financial Structure and Capital Details

Regulatory and Completion Framework

The acquisition does not fall within the purview of related party transactions, as confirmed in the regulatory disclosure. The transaction is subject to shareholder approval and other applicable regulatory clearances. The company has not disclosed specific financial terms, stating that consideration details are as per the MOU.

The completion timeline remains subject to receiving necessary approvals, with the company indicating that the acquisition process will proceed once all required clearances are obtained. This strategic move positions Le Lavoir to leverage the hospitality sector's growth while expanding its service portfolio beyond traditional laundry operations.

Le Lavoir , a company listed on the BSE (Security Id: LELAVOIR/ Code: 539814), has announced significant changes to its board of directors and key committees. The company's board meeting, held on November 17, 2025, at its registered office in Rajkot, Gujarat, resulted in several important decisions.

Board Changes

Le Lavoir has appointed Mr. Himanshu Keshubhai Togadiya (DIN: 07610961) as an Additional Non-Executive and Independent Director, effective November 17, 2025. Simultaneously, the company noted the resignation of Mr. Pradeep Sutodiya (DIN: 01025354) from his position as a Non-Executive and Independent Director, also effective from the same date.

Profile of the New Director

Mr. Himanshu Keshubhai Togadiya brings a wealth of experience to Le Lavoir. As a Fellow member of the Institute of Company Secretaries of India, he possesses over seven years of experience in handling compliances under various Corporate Laws and listing agreements. His expertise spans Initial Public Issues, Rights Issues, Bonus Issues, Preferential Allotments, QIPs, and Takeovers of Listed & unlisted companies.

Currently a practicing Company Secretary, Mr. Togadiya provides consultancy services in Corporate Laws, SEBI matters, and regular compliances to renowned companies such as Ufresh, ANB Metal, and Infinity group. He also serves as an advisor to SME IPOs and Listed Companies on various compliance-related matters.

Committee Reconstitutions

Following these board changes, Le Lavoir has reconstituted three key committees:

1. Audit Committee (AC)
2. Nomination and Remuneration Committee (NRC)
3. Stakeholders Relationship Committee (SRC)

The new composition of these committees, effective November 17, 2025, is as follows:

This table structure applies to all three reconstituted committees (AC, NRC, and SRC).

Outgoing Director's Other Commitments

Mr. Pradeep Sutodiya, who has resigned from Le Lavoir, continues to hold a directorship as a Non-executive Independent Director in M/s. Darjeeling Ropeway Company Limited. He also maintains a membership in the Stakeholder Relationship Committee of the same company.

Le Lavoir has confirmed that Mr. Sutodiya's resignation is due to personal reasons, and there are no other material reasons for his departure beyond those stated in his resignation letter.

These changes reflect Le Lavoir's commitment to maintaining strong corporate governance and adapting its leadership structure to meet evolving business needs. The appointment of Mr. Togadiya, with his extensive experience in corporate law and compliance, may signal the company's focus on strengthening its regulatory adherence and corporate strategy moving forward.