Laxmi Organic MD and CEO transition: Goenka replaces Dr. Venkatesh

Ceo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

LXCHEM · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-2.7%Reaction day

₹183.48

prior close

₹182.81

announcement price

After-mkt

timing

Nifty Microcap 250market-0.2%-2.6% vs market

Specialty Chemicals peers, median of 100sector-0.3%-2.4% vs sector

On the reaction day the stock moved 2.6 pts less than Nifty Microcap 250 and 2.4 pts less than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.1

10m

+0.4

15m

+1.3

30m

-0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.7-0.2-2.6-0.3-2.4

Next day

-6.9-0.3-6.6-0.5-6.5

-4.2-0.2-4.0-1.6-2.7

-8.5-3.5-5.0-3.8-4.7

-6.3-3.6-2.6-3.6-2.7

-2.5-2.8+0.3-2.6+0.0

-3.2-1.4-1.8-1.8-1.3

15d

-0.2-3.0+2.8-3.4+3.2

-1.9-4.4+2.5-4.4+2.5

—————

UpDownMarket · Nifty Microcap 250Sector · Specialty Chemicals peers, median of 100Pending

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

AI summary

Dr. Rajan Venkatesh resigns as MD and CEO effective Nov 13, 2026, to pursue outside opportunities. Harshvardhan Goenka, current Executive Director and promoter family member (son of Chairman Ravi Goenka), appointed as new MD and CEO for 5 years from Nov 14, 2026. Planned succession approved by board, subject to shareholder approval.

Likely market impact

Internal promotion from promoter family ensures continuity. New appointment needs shareholder approval at next AGM.