Two senior leaders resign from Laxmi Organic; CPO and CTO to exit by Oct 31, 2026

Kmp ResignedManagement Changes View source PDF Explain this filing

LXCHEM · price

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

+0.4%Reaction day

₹174.24

prior close

₹174.99

announcement price

After-mkt

timing

Nifty Microcap 250market-0.6%+1.0% vs market

Specialty Chemicals peers, median of 100sector-0.3%+0.7% vs sector

On the reaction day the stock moved 1.0 pts more than Nifty Microcap 250 and 0.7 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.2

10m

-0.4

15m

-0.3

30m

-0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.4-0.6+1.0-0.3+0.7

Next day

+0.0-0.1+0.1-0.4+0.4

-0.7+0.2-0.9-0.1-0.6

-0.7+0.4-1.1+0.0-0.7

-2.1+0.0-2.1-0.0-2.1

-1.0+0.6-1.6+0.6-1.6

-1.3+0.7-2.0+1.6-2.9

15d

+2.4+1.5+1.0+1.4+1.1

+2.0+0.2+1.8+1.2+0.8

-1.9-3.7+1.8-3.1+1.1

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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

Laxmi Organic Industries has informed the exchange about the resignation of two senior management personnel: Chief Procurement Officer Dr. Keshav Ruthia and Chief Technology Officer Mr. Salil Mukundan. Both will be relieved on October 31, 2026. The company says their responsibilities will be merged into the existing leadership structure and no like-for-like replacements are planned. The exit is part of an ongoing organisational realignment.

Likely market impact

Loss of CPO and CTO with no direct replacements planned; may raise execution concerns, though transition runs to Oct 31.