Laxmipati engineering Works Limited has announced significant changes in its Company Secretary position following a Board meeting held on January 10, 2026. The company has accepted the resignation of its current Company Secretary and simultaneously appointed a replacement to ensure continuity in corporate governance functions.

Board Meeting Outcomes

The Board of Directors convened on Saturday, January 10, 2026, at 03.00 P.M. at the company's registered office in Surat. The meeting, which concluded at 03.30 P.M., addressed two critical appointments under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company Secretary Resignation

Ms. Darshana Hareshbhai Gorasiya (ACS: 73274) tendered her resignation from the position of Company Secretary and Compliance Officer due to personal reasons. Her resignation letter, dated January 3, 2026, requested relief from responsibilities effective from the close of business hours on January 10, 2026.

In her resignation letter, Ms. Gorasiya expressed gratitude to the Board of Directors and staff members for their cooperation and support during her tenure. She confirmed that there were no other material reasons for her resignation beyond personal circumstances.

New Company Secretary Appointment

The Board appointed Ms. Payu Bhardwaj (ACS: 79654) as the new Company Secretary and Compliance Officer, effective January 11, 2026. This appointment ensures seamless transition and continuity in the company's secretarial and compliance functions.

Professional Background

Ms. Payu Bhardwaj brings relevant qualifications and experience to her new role. She is an Associate Member of the Institute of Company Secretaries of India (ICSI) and holds a Commerce degree from Veer Narmad South Gujarat University.

Her professional experience includes:

• Corporate secretarial compliances
• Expertise in Companies Act, 2013 matters
• Knowledge of SEBI Regulations
• Understanding of regulatory compliance requirements

Regulatory Compliance

Both the resignation and appointment have been disclosed in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided comprehensive details including reasons for change, effective dates, and professional profiles as required under the regulatory framework.

The transition reflects the company's commitment to maintaining robust corporate governance standards while ensuring compliance with all applicable regulations. The immediate appointment of a qualified replacement demonstrates proactive management of key executive positions.

Laxmipati engineering Works Limited has completed the sale of its leasehold land for ₹456.00 crores on January 02, 2026. The company informed BSE Limited about this significant transaction under Regulation 30 of the SEBI Listing Regulations, marking the completion of a major asset disposal.

Transaction Details

The sold property is located at Plot No. D-2/3, Industrial phase Dahej-II, within the village limits of Suva at GIDC Industrial Estate Dahej-II, Ta-Vagra, Dist. Bharuch. The transaction was executed with prior shareholder approval obtained through a Postal Ballot conducted on February 12, 2025.

Buyer Information and Transaction Nature

Technip Energies India Limited acquired the leasehold land, and the company has confirmed that the buyer does not belong to the promoter or promoter group. The transaction does not fall within the category of related party transactions, ensuring compliance with regulatory frameworks.

Financial Impact and Compliance

The sold property did not contribute any turnover, revenue, or income during the last financial year, indicating it was a non-operational asset. The disposal was conducted outside the scheme of arrangement but with proper regulatory compliance, including the mandatory shareholder approval through the Postal Ballot process.

The transaction represents a strategic asset disposal for Laxmipati Engineering Works Limited, converting a non-revenue generating leasehold property into substantial cash consideration of ₹456.00 crores.