Laxmi Organic announces board meeting outcomes, director reappointment, QIP reallocation

Laxmi Organic Industries Limited's board of directors met on October 29, 2025, to approve standalone and consolidated unaudited financial results for the quarter and half-year ended September 30, 2025. These results, along with Limited Review Reports from statutory auditors, will be published in newspapers and made available on the stock exchange and company websites.

The board also approved the re-appointment of Dr. Rajeev Vaidya as an independent director for a second three-year term, from November 25, 2025, to November 24, 2028, subject to member approval. Additionally, a proposal to reallocate approximately INR 345.86 million of unutilized Qualified Institutional Placement (QIP) proceeds from the Mahape Innovation Centre to the Dahej Project was approved, with the new utilization timeline set for completion by June 30, 2026.

For the quarter ended September 30, 2025, the company reported a standalone profit after tax of INR 139.37 million and a consolidated profit after tax of INR 110.15 million.