Appointment of M/s V.M. & Associates as Secretarial Auditors of the Company for a period of five (5) consecutive years commencing from April 01, 2026 to March 31, 2031, subject to further ....
LAXMIINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Laxmi India Finance Limited held its Board Meeting on May 13, 2026, approving the audited financial results for Q4 and FY ended March 31, 2026. The company reported total income of ₹31,959.01 lakhs, up 28.8% from ₹24,803.77 lakhs in FY25. Profit after tax stood at ₹4,975.74 lakhs, representing a 38.2% increase year-over-year, with EPS of ₹10.20. The Board also approved a limit of ₹400 crores for issuing Non-Convertible Debentures on private placement basis, appointed M/s V.M. & Associates as Secretarial Auditors for 5 years, and appointed Mr. Yogesh Garg as Vice President - HR. The statutory auditor issued an unmodified opinion on the financial statements. Key ratios show a debt equity ratio of 2.88, net profit margin of 15.54%, and CRAR of 26.12%.
Strong financial performance with 38% profit growth demonstrates healthy business expansion. The NCD issuance limit of ₹400 crores provides flexibility for future borrowing. The appointment of a peer-reviewed secretarial auditor and new senior management strengthens governance. Asset quality remains acceptable with Gross Stage-3 at 2.13%.