Laxmi Organic Industries Limited has informed the Exchange about General Updates, We wish to inform you about the following changes in the Senior Leadership Team in compliance with the provisions of Regulation 30(4) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015:a. Retirement of Mr. Prashant Patil Mr. Prashant Patil will be retiring from his position as President Manufacturing effective close of business on July 31, 2025, in line with the Company s age-based retirement policy. During his tenure, Mr. Patil has played a pivotal role in driving operational excellence and contributing significantly to the growth and success of our organisation. We extend our heartfelt gratitude for his invaluable contributions and dedicated service, and we wish him the very best in his future endeavours.b. Appointment of Mr. Rajesh Naik Mr. Rajesh Naik has been appointed as President - Manufacturing, in the category of Senior Management Personnel of the Company w.e.f. August 1, 2025. He will succeed Mr. Prashant Patil and lead the Operations function.The details as required to be disclosed under the SEBI Listing Regulations, read with SEBI Master Circular dated November 11, 2024, have been provided in Annexure A to this letter. Kindly take the above information on record.
LXCHEM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Laxmi Organic Industries has announced a planned change in its senior leadership team. Mr. Prashant Patil, President - Manufacturing, will retire effective July 31, 2025, under the company's age-based retirement policy after contributing significantly to operational excellence. Mr. Rajesh Naik has been appointed as the new President - Manufacturing effective August 1, 2025, to succeed Mr. Patil and lead the Operations function. Mr. Naik brings over 30 years of experience from leadership roles at BASF India, Asian Paints, DuPont India, and EICL Limited, with expertise in commissioning plants and operational excellence. The transition is smooth, planned, and brings in a seasoned industry veteran to lead manufacturing across all sites.
This is a routine, well-planned succession with no disruption expected. The appointment of a highly experienced leader from top chemical companies like BASF and Asian Paints is marginally positive, signalling continuity and potentially stronger operational execution going forward.