Announced Tue, 8 Sept · 17:57 IST
Laxmi Organic MD and CEO transition: Goenka replaces Dr. Venkatesh
LXCHEM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹183.48
prior close
₹182.81
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1+0.4+1.3-0.2——————————
Up moveDown movePending
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.