1. Change in Director / Key Managerial Personnel

Nature of change: Resignation of two senior management personnel.

Dr. Keshav Ruthia:

  • Position: Chief Procurement Officer
  • Date of resignation letter: August 3, 2026
  • Reason for resignation: To pursue an opportunity outside Laxmi Organic Industries Limited in line with personal aspirations
  • Effective date of cessation: October 31, 2026 (w.e.f. the closing of business hours)
  • DIN: Not provided
  • Brief profile: Not disclosed in the filing
  • Relationship with other directors: Not disclosed

Mr. Salil Mukundan:

  • Position: Chief Technology Officer
  • Date of resignation email: August 18, 2026
  • Reason for resignation: To pursue an opportunity outside Laxmi Organic Industries Limited primarily for health reasons, specifically citing a desire for roles with lesser physical engagement considering the size of projects under evaluation
  • Effective date of cessation: October 31, 2026 (w.e.f. the closing of business hours)
  • Brief profile: Not disclosed in the filing
  • Relationship with other directors: Not disclosed

Transition and Replacement Strategy:

The company is undergoing an organizational realignment. The responsibilities of the outgoing executives are being integrated within the existing leadership structure to strengthen ownership, accountability and execution effectiveness. The company does not presently envisage like-for-like replacements for these roles at the senior leadership level.

Confirmation of eligibility: Not explicitly mentioned in the disclosure.

2. Key Financial or Operational Approvals

No financial results, fundraising, acquisitions, capital expenditures, or other financial approvals were disclosed in this filing. The document solely concerns management personnel changes.

3. Strategic or Business Context

The resignations are occurring as part of the company's "ongoing organisational realignment." Mr. Salil Mukundan specifically referenced "the size of Projects under evaluation in the present LOIL [Laxmi Organic Industries Ltd] pipeline" as a factor in his decision due to the physical engagement required. The company's strategy appears focused on integrating responsibilities into the existing structure rather than direct replacements.

4. Any Other Material Information

Regulatory Compliance:

The disclosure was made in accordance with Regulation 30(4) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and references SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023.

Attachments:

The letters of resignation were attached as Annexure 'A' (Dr. Keshav Ruthia) and Annexure 'B' (Mr. Salil Mukundan).

Company Contact:

The disclosure was signed by Aniket Hirpara, Company Secretary and Compliance Officer. Company address: Chandermukhi, 3rd Floor, Nariman Point, Mumbai 400021, India.