Laxmi Organic Industries Limited has informed the Exchange about Re-Appointment of Dr. Rajiv Banavali (DIN: 09128266) as an Independent Director of the Company for a second term of two years from May 18, 2026, till May 17, 2028.
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Laxmi Organic Industries has informed the stock exchange about the re-appointment of Dr. Rajiv Banavali (DIN: 09128266) as an Independent Director of the company. This is his second term, lasting two years from May 18, 2026, to May 17, 2028. The move is a routine corporate governance step to ensure board continuity. Independent directors serve a maximum of two consecutive terms under SEBI listing rules.
This is a routine regulatory filing with no material impact on shareholders or the stock price. It simply maintains continuity on the board and complies with SEBI's requirements for independent directors.