Laxmi India Finance Limited has announced the reaffirmation of its credit rating by Acuité Ratings & Research Limited for Non-Convertible Debentures. The rating agency has maintained the ACUITE A- rating with a positive outlook, reflecting the company's stable credit profile and financial standing.

Credit Rating Details

The rating reaffirmation covers multiple debt instruments with specific allocations across different categories. The comprehensive rating action was completed on February 04, 2026, with verification conducted on the same date.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30, 55 and 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The formal communication was submitted to both BSE Limited and National Stock Exchange of India Limited on February 05, 2026.

Rating Agency Communication

Acuité Ratings & Research Limited has issued comprehensive rating revalidation letters with specific validity periods. The rating letters contain important compliance requirements and guidelines for the company's ongoing obligations.

Key compliance requirements include:

• Monthly submission of 'No Default Statement' on the first working day
• Immediate notification of NCD issuances within 7 days
• Regular monitoring and surveillance processes

Corporate Structure

The rating covers Laxmi India Finance Limited, formerly known as Laxmi India Finance Private Limited. The company is headquartered at 2, DFL Tower, Gopinath Marg, MI Road, Jaipur 302001, Rajasthan. The rating reaffirmation demonstrates the company's maintained creditworthiness and operational stability in the financial services sector.

The positive outlook indicates Acuité Ratings' expectation of continued stable performance and potential for improvement in the company's credit profile over the rating horizon.

Laxmi India Finance Limited has successfully concluded its postal ballot process with shareholders overwhelmingly approving significant amendments to the Employee Stock Option Scheme 2023 (ESOS 2023). The voting results, announced on December 22, 2025, showed remarkable support with 99.99% approval for both proposed resolutions.

Voting Results Overview

The postal ballot process concluded on December 18, 2025, with strong shareholder participation. The voting statistics demonstrate the confidence shareholders have in the company's employee incentive strategy:

Approved Resolutions

Resolution 1: ESOP Scheme Amendments

Shareholders ratified and amended the ESOS 2023 with the following key provisions:

The scheme covers employees working in India or abroad, including directors (excluding independent directors), but excludes promoters and those holding over 10% of outstanding equity shares.

Resolution 2: High-Value Grant Approval

The second resolution approved granting options exceeding 1% but not exceeding 4% of issued capital to identified employees during any financial year. This provision provides the company flexibility in rewarding key personnel and aligning with competitive market practices.

Implementation Framework

The ESOS 2023 will be directly implemented and administered by the company through its Board/Committee without involving a trust structure. The company plans to use the Fair Value Method for calculating employee compensation costs related to the ESOP.

The scheme will remain in force until all available options are granted and exercised, or the scheme is terminated by the Board. The exercise price will be determined by the Board/Committee but will not be lower than the face value of shares on the grant date.

Scrutinizer's Report

CS Manoj Maheshwari served as the scrutinizer for the postal ballot process. The voting was conducted through electronic means via MUFG Intime India Private Limited's platform. The e-voting period commenced on November 19, 2025, at 9:00 AM and concluded on December 18, 2025, at 5:00 PM.

These approved amendments reflect LIFL's commitment to aligning its employee incentive program with current market practices and regulatory requirements post-listing, enhancing the company's ability to attract, retain, and motivate key talent in the competitive financial services landscape.