Announcement Under Regulation 30 Regarding Clarification/Correction In The Consolidated Financial Results For The Quarter And Year Ended March 31, 2026.
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Laxmi Organic Industries has issued a correction to its consolidated financial results for Q4 and year ended March 31, 2026. A typographical error resulted in Basic EPS and Diluted EPS being incorrectly reported as negative values (₹-0.77 and ₹-0.78) when they should have been positive (₹0.77 and ₹0.77). The company confirmed no other financial figures or disclosures were affected. The corrected full-year consolidated PAT stands at ₹793.62 million versus ₹1,135.04 million in the previous year, representing a decline. Additionally, the Board approved a final dividend of ₹0.30 per share (15% on face value) and appointed Mr. Amit Jain as CFO effective June 16, 2026.
The EPS correction from negative to positive removes a misleading negative reading from the originally filed results. While the company's full-year PAT declined year-on-year due to lower revenue and higher costs, the underlying quarterly profit remains positive. Shareholders should note the revenue decline and significant increase in borrowings when evaluating the stock.