Lakshmi Finance & Industrial Corporation Limited has informed the Exchange regarding Change in Director(s) of the company.
LFIC · price
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Awaiting price reaction for this filing.
The Board of Lakshmi Finance & Industrial Corporation appointed Shri. Chalasani Ramaprasad (DIN: 07030015) as an Additional Director on 11th August 2025. He will hold office until the next Annual General Meeting. He is 72 years old, holds a Master of Commerce degree, and brings over 37 years of banking sector experience, including serving as General Manager (TE-VII) at Andhra Bank from 2011 to 2014. Currently he is an advisor at Pridhivi Asset Reconstruction and Securitisation Co. Ltd. He is not related to any existing director on the board and holds no shares in the company.
This is a routine governance update with no changes to the Managing Director or other key managerial positions, and is unlikely to have any material impact on the stock price. It modestly strengthens the board's banking and financial services expertise.