Laxmi Organic Industries Limited
Laxmi Organic Industries Limited was established in 1989 and is in the business of specialty chemicals. The Company primarily manufactures Ethyl Acetate, Acetic Acid and Diketene Derivative Products (DDP). DDP is a specialty chemical group, the technology and business of which has been acquired by the company from Clariant Chemicals India Limited.The company‚Äôs business operations are carried in over 30 countries…
What Laxmi files
- Others76
- Investor Meet36
- Important34
- Board Meeting11
- PPTs9
- Updates7
Laxmi Organic Industries Limited has announced a leadership transition as Dr. Rajan Venkatesh steps down as MD & CEO. Executive Director Harshvardhan Goenka has been appointed as the new MD & CEO for a five-year term, effective mid-November.
Laxmi Organic Industries has successfully commissioned its Ethyl Acetate Plant at Lote Site. This operational milestone strengthens the company's capabilities, expands capacity, and enhances market presence.
Company corrected Q4 FY26 EPS from negative to positive ₹0.77. Board approved annual financial results and declared a final dividend of ₹0.30 per share for FY26. The company also appointed Mr. Amit Jain as its new Chief Financial Officer.
Laxmi Organic has allotted 63,694 new equity shares under its ESOP-2020 scheme. This increases the paid-up share capital from ₹55.43 Cr to ₹55.44 Cr, representing a minor dilution for existing shareholders.
MSEDCL appealed a favorable MERC order to APTEL. This appeal, not yet admitted, could lead to a max financial impact of approx. ₹40.73 Cr if a stay is granted. The company views the appeal as unsustainable.