Laxmi Organic Industries Corrects Q4 EPS, Declares Dividend

Date: May 21, 2026

KMP / Board / Auditor Changes

Appointment of Chief Financial Officer:

Mr. Amit Jain was appointed as the Chief Financial Officer and Key Managerial Personnel of the Company.
Effective Date: Commencement of business hours on June 16, 2026.
Profile: Mr. Jain is a Chartered Accountant with over three decades of experience in finance and business domains, including Business Partnering, Business Transformation, Strategic Financial Leadership, Investor Relations, M&A, Accounting, and Financial Management across chemicals, pharmaceuticals, and packaging sectors.
Confirmation: He is not debarred from holding office by SEBI or any other Regulatory Authority.

Cessation of Interim CFO:

Consequent to Mr. Amit Jain's appointment, Mr. Harshvardhan Goenka, Executive Director, will cease to hold the additional responsibilities of Interim Chief Financial Officer.
Effective Date: Close of business hours on June 15, 2026.

Re-appointment of Cost Auditor:

M/s B. J. D. Nanabhoy & Company, Cost Accountants, Mumbai, were re-appointed as Cost Auditors for FY 2026-27.
The remuneration is subject to ratification by members at the 37th Annual General Meeting.

Dividend Declaration or Non-Declaration

The Board of Directors recommended a final dividend of ₹0.30 (Rupees Thirty Paise only) per equity share of face value ₹2 each (i.e., 15% of the face value) for the financial year 2025-26.
The dividend is subject to the approval of the members at the ensuing 37th Annual General Meeting.
The Record Date for determining member eligibility is fixed as Tuesday, July 21, 2026.

Board Meeting Outcomes

The Board of Directors at its meeting held on May 21, 2026 (commencing at 17:15 IST and concluding at 20:45 IST), transacted the following business:

1. Approved the Annual Audited Standalone and Consolidated Financial Results for the financial year ended March 31, 2026, pursuant to Regulation 33 of the Listing Regulations.

2. Recommended the final dividend as stated above.

3. Approved the convening of the 37th Annual General Meeting (AGM) on Wednesday, August 5, 2026, through Video Conferencing / Other Audio-Visual Means (VC/OAVM).

4. Approved the re-appointment of M/s B. J. D. Nanabhoy & Company as Cost Auditors for FY26-27.

5. Approved the appointment of Mr. Amit Jain as Chief Financial Officer.

Financial Results (Standalone & Consolidated)

Standalone Results for FY Ended March 31, 2026:

Revenue from Operations: ₹28,085.32 million
Total Income: ₹28,237.26 million
Profit Before Tax (PBT): ₹925.82 million
Tax Expense: ₹133.24 million
Profit After Tax (PAT): ₹792.58 million
Total Comprehensive Income: ₹787.11 million
Basic EPS: ₹2.86
Diluted EPS: ₹2.86
Paid-up Share Capital: ₹554.30 million
Other Equity: ₹19,329.12 million

Standalone Results for Q4 FY26 (Quarter Ended March 31, 2026):

Revenue from Operations: ₹7,233.31 million
Total Income: ₹7,259.41 million
Profit Before Tax (PBT): ₹323.87 million
Tax Expense: ₹98.67 million
Profit After Tax (PAT): ₹225.20 million
Total Comprehensive Income: ₹220.43 million
Basic EPS: ₹0.81
Diluted EPS: ₹0.81

Consolidated Results for FY Ended March 31, 2026:

Profit Before Tax (PBT): ₹879.71 million
Tax Expense: ₹86.09 million
Profit After Tax (PAT): ₹793.62 million
Profit After Tax attributable to owners: ₹788.15 million
Total Comprehensive Income: ₹1,138.16 million
Total Comprehensive Income attributable to owners: ₹1,135.04 million
Basic EPS: ₹2.87
Diluted EPS: ₹2.86

Consolidated Results for Q4 FY26 (Quarter Ended March 31, 2026) - CORRECTED:

Basic EPS: ₹20.77 (Previously incorrectly reported as (0.77))
Diluted EPS: ₹20.77 (Previously incorrectly reported as (0.78))

Clarification/Correction: The initial filing had a typographical error reporting Q4 consolidated EPS as a loss. The correct figures are a profit of ₹20.77 per share for both basic and diluted EPS. There is no change to any other financial information.

Key Balance Sheet Highlights (Standalone as of Mar 31, 2026):

Total Assets: ₹34,382.23 million (Mar 31, 2025: ₹30,403.27 million)
Total Equity: ₹19,883.42 million (Mar 31, 2025: ₹19,119.30 million)
Non-Current Borrowings: ₹4,931.58 million (Mar 31, 2025: ₹425.00 million)
Current Borrowings: ₹476.65 million (Mar 31, 2025: ₹2,106.71 million)

Cash Flow Highlights (Standalone FY26):

Net Cash from Operating Activities: ₹1,725.56 million
Net Cash Used in Investing Activities: (₹4,036.87) million
Net Cash from Financing Activities: ₹2,484.13 million
Net Increase in Cash: ₹172.82 million
Cash and Cash Equivalents at year-end: ₹347.87 million (Mar 31, 2025: ₹175.05 million)

Auditor’s Report

Auditor: Deloitte Haskins & Sells LLP, Chartered Accountants

Opinion: Unmodified (clean) opinion on both the Standalone and Consolidated Audited Financial Results for the year ended March 31, 2026.

Review Conclusion: For the unaudited quarterly results (Q4 FY26), based on their review, nothing has come to their attention that causes them to believe the results are not presented fairly.

Other Matters in Consolidated Audit:

The audit relied on the reports of other auditors for three subsidiaries (total assets: ₹89.99 million; total revenue for FY26: ₹200 million).
The results include unaudited financial information for two subsidiaries and associates, which are not considered material to the Group.

Notes to Financial Results

1. Change in Depreciation Method: During FY26, the company changed its method of depreciation from Written Down Value (WDV) to Straight Line Method (SLM). Had it continued with WDV:

Depreciation for Q4 FY26 would have been higher by ₹315.02 million.
PBT for Q4 FY26 would have been ₹8.85 million (instead of ₹323.87 million).
PAT for FY26 would have been ₹203.42 million lower.

2. Change in Tax Regime: In Q4 FY26, subsequent to amendments in the Union Budget 2026-27, the company chose to move back to the old tax regime (34.94%) from the new regime opted in Q1 FY26, due to available MAT credits. For FY26, it provided current tax under Minimum Alternate Tax (MAT) of ₹165.09 million.

3. Reversal of Provision: The company reversed an accrued liability of ₹407.27 million related to electricity charges from MSEDCL, recorded under 'Other operating income', based on a favourable order from MERC.

4. Impact of Labour Codes: Recognized ₹38.02 million as a past service cost for additional gratuity liability and compensated absences due to the revised definition of wages under the new Labour Codes.

5. ESOP Allotment: Allotted 124,060 equity shares (face value ₹2 each) during the year, increasing the paid-up capital from ₹554.05 million to ₹554.30 million.

6. Segment Reporting: The company operates as a single business segment, 'Chemical Business'.

Other Operational / Legal / Strategic Disclosures

The 37th Annual General Meeting is scheduled for August 5, 2026.
The full format of the financial results will be available on the websites of the Stock Exchanges (www.nseindia.com, www.bseindia.com) and the Company (www.laxmi.com).
The results will be published in newspapers as per Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015.