Laxmi Organic Industries Limited — Others, 09-07-2025: Shareholders meeting

Laxmi Organic Industries Limited has announced a board meeting to approve the financial results for the quarter and half-year. The company has scheduled its 36th Annual General Meeting (AGM) through video conferencing, where it will seek shareholder approval to adopt audited standalone and consolidated financial statements for FY25. A final dividend of 25% (₹0.50 per equity share) is proposed. Re-appointments of Directors Rajeev Goenka and Dr. Rajan Venkatesh by rotation are on the agenda. The AGM will also ratify the remuneration of Cost Auditors at ₹0.23 Mn and appoint M/s GMJ & Associates as Secretarial Auditors for five years. Executive Director Harshvardhan Goenka is set for re-appointment with a 2% increase in annual CTC to ₹26.22 Mn, and remuneration revisions for Managing Director Dr. Rajan Venkatesh (₹81.24 Mn CTC), and Executive Chairman Ravi Goenka (₹75.28 Mn CTC) are proposed. The company plans to extend its Employee Stock Option Scheme (ESOP 2024) benefits to employees of subsidiaries and associates, covering a total grant of 42.5 lakh options with vesting over 1-5 years and exercise price set at no less than 70% of the average share price over the prior three months. These updates reflect Laxmi Organic’s ongoing focus on corporate governance, leadership continuity, and employee incentivisation to support its specialty chemicals business growth.