1. Appointment of Additional Director. The Board of Directors at their meeting held today (i.e.,14.08.2025) has coopted Smt.Priya Bhansali (DIN:00195848) as Additional Director in the ....
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The Lakshmi Mills Company reported its Q1 FY26 (quarter ended 30 June 2025) unaudited results alongside the appointment of a new Independent Director. Total income stood at Rs. 5,544.62 lakhs, down from Rs. 6,505.48 lakhs in the same quarter last year. The company posted a loss before tax of Rs. 100.33 lakhs, an improvement from a loss of Rs. 189.48 lakhs in Q1 FY25. After tax, the loss widened sharply to Rs. 4,077.39 lakhs due to a one-time deferred tax adjustment of Rs. 1,948.70 lakhs linked to the adoption of the new income tax regime and set-off of unabsorbed depreciation. Other Comprehensive Income of Rs. 4,166.01 lakhs included realised gains from sale of equity investments. Separately, Smt. Priya Bhansali, a Chartered Accountant with 37 years of experience, was co-opted as Additional (Independent) Director effective 3 September 2025, subject to shareholder approval.
The headline loss is largely driven by a non-cash, one-time deferred tax adjustment rather than worsening operations, so underlying business performance actually improved year-on-year. The new Independent Director brings strong taxation and audit expertise, which is a positive governance signal for retail shareholders.