Laxmi Organic Industries Limited has Submitted the Disclosure pursuant to Resignation of Chief Financial Officer (CFO)- Mr. Mahadeo Karnik with effect from April 13, 2026, and Appointment ....

Cfo ResignedManagement Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+2.3%Reaction day

₹127.94

prior close

₹127.20

announcement price

In-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.0%+2.3% vs market

Specialty Chemicals peers, median of 88sector-0.3%+2.6% vs sector

On the reaction day the stock moved 2.3 pts more than Nifty Microcap 250 and 2.6 pts more than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+2.3-0.0+2.3-0.3+2.6

Next day

+8.0+2.5+5.5+1.5+6.5

+11.4+3.7+7.7+3.4+8.0

+11.1+4.9+6.2+4.4+6.8

+10.2+4.3+5.9+3.6+6.6

+10.0+5.5+4.5+5.1+4.8

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15d

+20.8+10.3+10.5+8.3+12.5

+21.2+7.7+13.6+7.0+14.2

+21.0+13.7+7.3+7.5+13.5

+28.3+19.1+9.3+9.3+19.1

UpDownMarket · Nifty Microcap 250Sector · Specialty Chemicals peers, median of 88Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Laxmi Organic Industries Ltd has disclosed the resignation of its Chief Financial Officer (CFO), Mr. Mahadeo Karnik, effective April 13, 2026. The filing also indicates an appointment related to this role, though the specific details of the replacement are not fully visible in the source document. The resignation is set for a future date, suggesting a planned transition. CFO changes can impact financial reporting timelines, investor communications, and strategic planning in the near term.

Likely market impact

CFO resignations are watched closely by investors as they can signal internal changes or management instability. The market will likely focus on who succeeds Mr. Karnik and whether the transition is smooth.