Scrip Code / Symbol: BSE: 544465, 977574, 975797 / NSE: LAXMIINDIA

Nature and Purpose of the Meeting

The Business Operation Committee of the Board of Directors met on August 25, 2026, to approve the issuance of Non-Convertible Debentures (NCDs) on a private placement basis for fund raising.

Details of Resolutions Passed

The Committee approved the issuance of:

  • Up to 1,00,000 (One Lakh) Rated, Listed, Unsubordinated, Secured, Transferable, Redeemable, Non-Convertible Debentures
  • Each NCD has a face value of ₹10,000 (Indian Rupees Ten Thousand Only)
  • Aggregate nominal value of ₹100,00,00,000 (Indian Rupees One Hundred Crore Only)
  • Includes a green shoe option of up to 20,000 (Twenty Thousand) additional NCDs
  • Green shoe option aggregate nominal value: ₹20,00,00,000 (Indian Rupees Twenty Crore Only)
  • NCDs will be issued in dematerialized form on private placement basis
  • NCDs are proposed to be listed on the Wholesale Debt Market segment of BSE Limited
  • NCDs shall be secured by a first and exclusive charge on identified receivables by way of hypothecation

Financial Impact

Total capital raising approved: ₹100 crore base issue + ₹20 crore green shoe option = ₹120 crore total potential issuance.

Timing of the Meeting

Meeting commenced at: 07:15 P.M.

Meeting concluded at: 07:45 P.M.

Compliance References

Disclosure made under:

  • Regulation 30 and 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15, 2025
  • SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026

Additional Material Disclosure

The company clarified that a previous intimation dated August 20, 2026, had proposed a different structure: base issue of ₹50 crore with oversubscription option of ₹50 crore (total ₹100 crore). The current approval modifies this to ₹100 crore base + ₹20 crore green shoe option.

Not Covered in Document

  • Specific terms of the NCDs (tenure, coupon rate, payment schedule, redemption details)
  • Use of proceeds from the NCD issuance
  • Specific details about the security creation beyond general description
  • Allocation details to specific investors