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Latest news about Laxmi Organic Industries

CRISIL Revises Laxmi Organic Industries' Outlook to Negative, Maintains AA Rating Nov 20, 2025

CRISIL Ratings Limited has revised the outlook on Laxmi Organic Industries Ltd.'s long-term bank facilities to 'Negative' from 'Stable', while maintaining the 'CRISIL AA' rating. The 'CRISIL A1+' ratings for short-term bank facilities and commercial paper were reaffirmed. This change suggests an increased perception of risk in the company's credit profile, potentially affecting future borrowing costs and financial flexibility. The company has disclosed this update in compliance with SEBI regulations.

Laxmi Organic Industries Seeks Shareholder Approval for Director Re-appointment and QIP Fund Reallocation Nov 05, 2025

Laxmi Organic Industries Reports 9% Revenue Decline in Q2, Specialty Chemicals Drop 20% Nov 04, 2025

Laxmi Organic Industries Projects Rs. 80 Crore Revenue from Fluorine Chemicals by FY26 Oct 31, 2025

Laxmi Organic Industries Reports 61% Drop in Q2 Net Profit Amid Revenue Decline Oct 29, 2025

More news about Laxmi Organic Industries

28Oct 25

Laxmi Organic Industries Grants 429,799 Employee Stock Options Under ESOP-2024

Laxmi Organic Industries has approved the grant of 429,799 stock options under its Employee Stock Option Plan 2024 (ESOP-2024). The options are fully vested with a conversion ratio of 1:1, face value of ₹2.00 per share, and an exercise price of ₹146.00 per option. Employees have a 5-year exercise period. The ESOP-2024 complies with SEBI regulations for share-based employee benefits.

20Oct 25

Laxmi Organic Secures Operating Consent for Dahej Facility, Paving Way for Production

Laxmi Organic Industries Ltd has obtained Consent to Operate (CTO) from the Gujarat Pollution Control Board for the first phase of its synthetic organic chemicals manufacturing facility in Dahej, Gujarat. This approval allows the company to begin operations at the new plant, potentially increasing production capacity and strengthening its market position. The CTO also demonstrates Laxmi Organic's compliance with environmental standards.

18Oct 25

Laxmi Organic Industries Kicks Off Commercial Operations at Dahej Facility

Laxmi Organic Industries has begun commercial operations at its new Synthetic Organic Chemicals manufacturing facility in Dahej, Gujarat. The company received Consent to Operate from the Gujarat Pollution Control Board for the first phase and has already dispatched its first product shipment. The facility will be fully operationalized in phases over the coming months, with a focus on safety, efficiency, and quality. This expansion marks a significant milestone in the company's growth strategy in the chemical manufacturing sector.

14Oct 25

Laxmi Organic Industries Secures Victory in Supreme Court Against MSEDCL

The Supreme Court dismissed MSEDCL's Special Leave Petition challenging the Appellate Tribunal for Electricity's (APTEL) order from October 24, 2024. This dismissal finalizes APTEL's decision regarding wheeling charges and losses in favor of Laxmi Organic Industries. The company received the court order on October 13, 2025, and disclosed it to stock exchanges the following day, demonstrating regulatory compliance.

18Sept 25

Laxmi Organic Industries Secures Favorable Ruling in Electricity Charges Dispute

Laxmi Organic Industries secured a favorable ruling from the Maharashtra Electricity Regulatory Commission (MERC) against the Maharashtra State Electricity Distribution Company Limited (MSEDCL). The order exempts Laxmi Organic's Unit 2 from wheeling and transmission charges for Open Access supply from its Captive Power Plant. MSEDCL must withdraw disconnection notices and cancel bills from June 2019 to May 2025 related to these charges. The company's Open Access applications are to be processed without requiring payment of disputed arrears. A separate Special Leave Petition remains pending in a higher court.

12Sept 25

Laxmi Organic Industries Gains Clarity on IGST Refunds as Bombay High Court Disposes of CGST Rule 96(10) Challenge

Laxmi Organic Industries received a favorable ruling from the Bombay High Court regarding a tax issue affecting exporters using the Advance Authorisation Scheme. The court disposed of writ petitions challenging Rule 96(10) of the CGST Rules, 2017. The ruling states that pending proceedings and undisposed show cause notices will lapse, and orders made before the repeal but not finalized will also lapse. Laxmi Organic is reviewing the implications of the judgment on its operations and pending matters. This decision is expected to have significant implications for exporters across India using the Advance Authorisation Scheme, potentially improving cash flow and reducing tax complexities.

10Sept 25

Laxmi Organic Industries Inks ₹75 Crore Global Sourcing Deal with Hitachi Energy

Laxmi Organic Industries Limited has signed a five-year global sourcing agreement with Hitachi Energy Limited, Switzerland, to supply eco-efficient gas for SF6-free high-voltage switchgear. The deal, signed on September 9, 2025, covers both domestic and international supply. Laxmi Organic Industries commits approximately ₹75.00 crores in capital expenditure for this partnership. The agreement positions Laxmi Organic as a key supplier in the environmentally friendly electrical equipment market, aligning with the global trend to reduce SF6 usage. The deal does not involve any promoter group interest or related party transactions.

07Aug 25

Laxmi Organic Industries Redeems ₹50 Crore Commercial Paper on Schedule

Laxmi Organic Industries Limited has redeemed its Commercial Paper worth ₹50 crores on August 7, 2025. The CP, issued on May 9, 2025, in favor of ICICI Bank Limited, was repaid on the scheduled maturity date. The company also allotted 81,368 equity shares under its ESOP-2020 plan, increasing its share capital. Upcoming analyst and investor meetings are scheduled for August 14, 2025, in Mumbai. The company confirmed no deviation in the utilization of QIP proceeds as per the latest Monitoring Agency Report.

02Aug 25

Laxmi Organic Industries Reports 4% Revenue Decline in Q1 Amid Challenging Market Conditions

Laxmi Organic Industries Limited reported a 4% year-on-year revenue decline to Rs 1,828.00 million in Q1, despite 8% volume growth. The Essentials segment grew 4% with 11% volume growth, offset by a 7% price decline. The Specialties segment declined 18%. EBITDA margins were 2% for Essentials and 16% for Specialties. PAT was Rs 214.00 million with a 3.10% margin. The company invested in supply chain digitization and Lote operations, with the Dahej project on track. Strategic initiatives include new leadership appointments and an LOI with Hitachi Energy for SF6 replacement production.

30Jul 25

Laxmi Organic Industries Forecasts Strong Q2 FY26, Withholds Full-Year Guidance

Laxmi Organic Industries anticipates Q2 FY26 performance to match or exceed Q1. The specialty chemicals division is expected to perform strongly in H2 FY26 due to delayed deliveries. The company has withheld full-year guidance for FY26. An Investor & Analyst Meet was held on July 29, 2025, to discuss Q1 FY26 performance, with the recording made public.

28Jul 25

Laxmi Organic Industries Reports Q1 Results: Revenue Dips 4% Amid Market Challenges

Laxmi Organic Industries reported a 4% decrease in revenue to ₹6,929.00 crore and a 38% decline in net profit to ₹214.00 crore in Q1. The Essentials segment saw 4% revenue growth, while the Specialties segment experienced an 18% revenue decline. Despite challenges, total volumes grew by 8% year-over-year. The company remains focused on productivity, commercial excellence, and growth projects, including the ramp-up of fluorination products and the on-schedule Dahej project.

30Jun 25

Laxmi Organics Faces Potential Impact from Anti-Dumping Probe on Methyl Acetoacetate Imports

The Indian government has initiated an anti-dumping investigation into Methyl Acetoacetate imports from Switzerland. This move could potentially impact Laxmi Organic Industries Ltd, a key player in the specialty chemicals sector. The investigation aims to determine if the chemical is being imported at unfairly low prices, which could harm domestic manufacturers. If dumping is confirmed, it may lead to anti-dumping duties on Swiss imports, potentially leveling the playing field for domestic producers like Laxmi Organic Industries. The outcome could influence pricing and supply dynamics in the Indian Methyl Acetoacetate market, affecting Laxmi Organic's operations and profitability.

20May 25

Laxmi Organic Industries Reports Decline in Q4 Financial Performance

Laxmi Organic Industries' Q4 results show a substantial downturn across key financial metrics. Net profit dropped by 50.89% to ₹217.60 crore, while revenue decreased by 10.35% to ₹7,100.00 crore compared to the same period last year. EBITDA fell by 34.44% to ₹590.00 crore, and the EBITDA margin contracted by 3.05 percentage points to 8.31%. The company faces challenges in maintaining profitability and revenue growth.

07May 25

Laxmi Organics Industries Secures New Factory License for Dahej Facility

Laxmi Organics Industries has obtained a fresh factory license for its synthetic organic chemicals manufacturing facility in Dahej, Gujarat. This license allows the company to commence production operations, potentially expanding its capacity and strengthening its market position in the specialty chemicals sector. The new facility in Dahej, a prominent industrial hub, is expected to enhance the company's ability to meet market demand and possibly expand its product offerings.