Laxmi Organic Industries Ltd

India Ratings’ Monitoring Agency report reveals that Laxmi Organic Industries Limited has deployed approximately INR 2,483.34 million of the INR 2,591.21 million raised through a recent placement, as of the quarter ending June 30, 2026. The funds were earmarked for a new Innovation Centre in Mahape, expansion of manufacturing facilities in Dahej, and general corporate purposes. The Innovation Centre project, initially slated for completion in fiscal 2024, was delayed by six months and finished on September 30, 2025, due to limited workspace. The Dahej facility expansion, also originally planned for fiscal 2024, now anticipates completion by June 30, 2026, following a delay attributed to a Provisional Consent Order from the Gujarat Pollution Control Board. Currently, INR 107.87 million remains unutilized, invested in a mutual fund.

Net profit of Laxmi Organic Industries rose 216.60% to Rs 67.72 crore in the quarter ended June 2026 as against Rs 21.39 crore during the previous quarter ended June 2025. Sales rose 39.75% to Rs 968.34 crore in the quarter ended June 2026 as against Rs 692.93 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales968.34692.93 40 OPM %11.814.44 - PBDT113.4731.34 262 PBT91.7614.19 547 NP67.7221.39 217 Powered by Capital Market - Live

Laxmi Organic Industries will hold a meeting of the Board of Directors of the Company on 29 July 2026.

Concord Biotech Ltd, Borosil Renewables Ltd, Cartrade Tech Ltd and Tejas Networks Ltd are among the other gainers in the BSE's 'A' group today, 03 June 2026.Laxmi Organic Industries Ltd soared 9.34% to Rs 164.4 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 1.62 lakh shares were traded on the counter so far as against the average daily volumes of 58192 shares in the past one month. Concord Biotech Ltd surged 7.80% to Rs 1257.8. The stock was the second biggest gainer in 'A' group. On the BSE, 2.25 lakh shares were traded on the counter so far as against the average daily volumes of 13841 shares in the past one month. Borosil Renewables Ltd spiked 6.24% to Rs 532.75. The stock was the third biggest gainer in 'A' group. On the BSE, 2.38 lakh shares were traded on the counter so far as against the average daily volumes of 36489 shares in the past one month. Cartrade Tech Ltd jumped 5.67% to Rs 1897.05. The stock was the fourth biggest gainer in 'A' group. On the BSE, 83944 shares were traded on the counter so far as against the average daily volumes of 54972 shares in the past one month. Tejas Networks Ltd rose 5.22% to Rs 565.4. The stock was the fifth biggest gainer in 'A' group. On the BSE, 10.49 lakh shares were traded on the counter so far as against the average daily volumes of 5.16 lakh shares in the past one month. Powered by Capital Market - Live

Laxmi Organic Industries announced that the 37th Annual General Meeting(AGM) of the company will be held on 5 August 2026.

Laxmi Organic Industries announced that the Board of Directors of the Company at its meeting held on 21 May 2026, inter alia, have recommended the final dividend of Rs 0.3 per equity Share (i.e. 15%) , subject to the approval of the shareholders.

Net profit of Laxmi Organic Industries declined 0.97% to Rs 21.55 crore in the quarter ended March 2026 as against Rs 21.76 crore during the previous quarter ended March 2025. Sales rose 3.61% to Rs 735.31 crore in the quarter ended March 2026 as against Rs 709.69 crore during the previous quarter ended March 2025. For the full year,net profit declined 30.08% to Rs 79.36 crore in the year ended March 2026 as against Rs 113.50 crore during the previous year ended March 2025. Sales declined 4.65% to Rs 2846.67 crore in the year ended March 2026 as against Rs 2985.44 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales735.31709.69 4 2846.672985.44 -5 OPM %7.298.31 -6.029.37 - PBDT51.6752.75 -2 164.61284.55 -42 PBT32.4713.24 145 87.97160.52 -45 NP21.5521.76 -1 79.36113.50 -30 Powered by Capital Market - Live

Laxmi Organic Industries will hold a meeting of the Board of Directors of the Company on 21 May 2026.

Laxmi Organic Industries announced the resignation of Mahadeo Karnik as Chief Financial Officer of the company with effect from 13 April 2026. Subsequently, the company has appointed Harshvardhan Goenka as Interim Chief Financial Officer of the company with effect from 14 April 2026.

He will be relieved from his duties at the close of business hours on 13 April 2026. The board has expressed its appreciation for his contributions during his tenure. Following this, the company's board has approved the appointment of Harshvardhan Goenka, executive director, as the interim CFO with effect from the commencement of business hours on 14 April 2026. He will hold the additional charge until a new CFO assumes office. The company also stated that it has identified a successor for the CFO role, who is expected to join on 15 June 2026. The appointment will be placed before the Nomination and Remuneration Committee, Audit Committee, and the Board for approval. Goenka holds a Bachelor's degree in Science from Babson College, Boston, and has over 13 years of experience in the chemicals industry. He has been associated with Laxmi Organic since his appointment to the board in November 2020 and is responsible for driving the company's growth initiatives and new ventures. Laxmi Organic Industries is a leading manufacturer of acetyl intermediates and specialty intermediates with almost three decades of experience in large-scale manufacturing of chemicals. The company's consolidated net profit fell 13.3% to Rs 25.41 crore on 8.6% decline in revenue from operations to Rs 718.68 crore in Q3 FY26 over Q3 FY25. The counter shed 0.75% to Rs 125.10 on the BSE.