Announced Thu, 14 Aug · 13:35 IST

Lakshmi Finance & Industrial Corporation Limited has informed the Exchange regarding Change in Director(s) of the company.

Director Flagged GovernanceManagement Changes View source PDF

LFIC · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Lakshmi Finance & Industrial Corporation informed the exchange that Shri. Chalasani Ramaprasad was appointed as an Additional Director (Independent Director) by the Board on 11 August 2025. This letter is a clarification in response to an NSE query dated 12 August 2025. The company affirmed that the newly appointed director is not debarred from holding the office of Director by any SEBI order or any other regulatory authority. The communication was signed by the Company Secretary, Deepa Gusain.

Likely market impact

The exchange had raised a query on the appointment, which adds a mild governance scrutiny signal. The company's clarification addresses the concern, but shareholders should note the exchange's initial query as a point of watch.