Laxmi India Finance Limited has informed the Exchange regarding Appointment of M/S V.M & Associates as Other of the company w.e.f. May 13, 2026.
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Laxmi India Finance Limited held its Board Meeting on May 13, 2026 approving audited financial results for Q4 and FY ended March 31, 2026. The company reported Total Income of Rs. 31,959.01 lakhs (up 29% from Rs. 24,803.77 lakhs in FY25) and Profit After Tax of Rs. 4,975.74 lakhs (up 38% from Rs. 3,600.44 lakhs). Earnings per share stands at Rs. 10.20 for both basic and diluted. The Board also approved: (1) appointment of M/s V.M. & Associates as Secretarial Auditors for a 5-year term, (2) appointment of Mr. Yogesh Garg as Vice President - HR (Senior Management), and (3) limit of Rs. 400 crores for issuance of NCDs on private placement. The statutory auditors S.C. Bapna & Associates issued an unmodified opinion. Asset quality metrics show Gross Stage-3 of 2.13% and CRAR at 26.12%.
The company delivered strong growth in FY26 with 38% increase in PAT, driven by robust loan growth. The appointment of secretarial auditors and new senior management personnel reflects continued strengthening of governance and operations post-IPO.