Laxmi Organic Industries Limited has informed the Exchange about General Updates, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations'), we hereby notify that Dr. Keshav Ruthiya, has been appointed as Chief Procurement Officer, in the category of Senior Management Personnel of the Company w.e.f. August 1, 2025. 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.This is for your information and records. We request you to take the above on record.
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Laxmi Organic Industries has appointed Dr. Keshav Ruthiya as its Chief Procurement Officer, effective August 1, 2025. He will lead the company's procurement strategy, focusing on cost efficiency, quality, and building a strong domestic and international supplier base. Dr. Ruthiya holds a B.Tech from ICT Mumbai and a Ph.D. from Eindhoven University of Technology (Netherlands), and brings roughly 20 years of experience at BASF, most recently as Director – Strategy & Marketing Petrochemicals for Asia Pacific, based in Hong Kong. This is a senior management-level hire (not a board or CEO change) and is being disclosed under SEBI Listing Regulations.
This is a routine senior management appointment with no direct impact on shareholders or stock price. A strong external hire from a global major like BASF may be viewed positively as it signals focus on procurement efficiency and cost optimisation, but it is not material enough to move the stock.