M Lakhamsi Industries Limited has issued a revised outcome of its Board Meeting held on September 04, 2025, addressing an inadvertent omission in its initial disclosure. The company has now confirmed a significant development in its leadership structure.

Key Highlights

• Managing Director Re-appointment: The Board of Directors has approved the re-appointment of Mr. Sanjiv Mulchand Sawla as Managing Director for a five-year term.
• Term Duration: The new term is set from July 27, 2024, to July 26, 2029, subject to shareholder approval at the upcoming 41st Annual General Meeting.
• Nomination Process: The re-appointment was recommended by the Nomination and Remuneration Committee.

Leadership Experience

Mr. Sanjiv Mulchand Sawla brings over three decades of experience in the agro commodity export and import sector. His tenure at M Lakhamsi Industries has been marked by strategic planning and the development of strong industry networks. Sawla's deep understanding of agro commodities has contributed significantly to the expansion of trade volumes over the years.

Corporate Governance

The company's commitment to transparency is evident in its prompt correction of the initial board meeting outcome. This revision ensures that shareholders and the market are fully informed about significant management decisions.

Additional Board Decisions

The Board Meeting on September 04, 2025, also approved several other important matters:

1. Notice of the 41st Annual General Meeting and Board Report for the financial year ended March 31, 2025.
2. Appointment of M/s. Amit Saxena & Associates as scrutinizers for the e-voting process during the AGM.
3. Appointment of M/s Amit Saxena & Associates as Secretarial Auditor for the financial year 2025-26.
4. Appointment of M/s Rajen T. Gala & Co. as Internal Auditor for the Financial Year 2025-2026.

Management Structure

It's worth noting that Mr. Sawla's wife, Ms. Mallika Sanjiv Sawla, serves as Director and CFO of M Lakhamsi Industries Limited, highlighting the family's significant involvement in the company's top management.

The Board meeting, which took place at the company's registered office in Mumbai, commenced at 03:20 P.M. (IST) and concluded at 03:50 P.M. (IST) on September 04, 2025.

These developments underscore M Lakhamsi Industries' focus on maintaining strong leadership and corporate governance practices as it moves forward in the agro commodity sector.

M Lakhamsi Industries Limited announced a significant change in its key personnel as Ms. Pooja, the Company Secretary and Compliance Officer, has tendered her resignation. The company disclosed this information in a regulatory filing to the Bombay Stock Exchange (BSE) on August 26, 2025.

Resignation Details

Ms. Pooja, who held the membership number A54271, will be leaving her position effective August 25, 2025, after the close of business hours. The company cited "unavoidable circumstances" as the reason for her departure. As a Company Secretary and Compliance Officer, Ms. Pooja was considered a Key Managerial Personnel for M Lakhamsi Industries Limited.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. The disclosure also adheres to Schedule III and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Company Response

Mallika Sanjiv Sawla, the Director and Chief Financial Officer (CFO) of M Lakhamsi Industries Limited, signed the regulatory filing. The company has provided the necessary details as required under the SEBI LODR Regulations, including the reason for the change and the effective date of cessation.

Impact and Next Steps

While the departure of a key personnel like the Company Secretary can be significant for any organization, M Lakhamsi Industries Limited has not provided any information regarding a successor or interim arrangements for the role.

The company's management expressed gratitude for Ms. Pooja's services during her tenure. As M Lakhamsi Industries navigates this transition, it will be crucial for the company to ensure continuity in its compliance and secretarial functions.

M Lakhamsi Industries Limited will need to address this change in its corporate structure promptly to maintain smooth operations and regulatory compliance.