BSELE Lavoir LtdLowNeutral
Announced Fri, 29 May · 21:03 IST

Appointment of Secretarial Auditor of the Company

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AI summary

LE Lavoir Ltd held a Board meeting on 29th May 2026 where three items were approved. First, the company appointed M/s. Jitendra Parmar & Associates as Secretarial Auditor for FY 2025-26. Second, audited standalone financial results showed Total Income of Rs 429.98 Lakhs and Net Profit of Rs 165.94 Lakhs, up 31% and 23% respectively from prior year. Third, audited consolidated results (including 3 subsidiaries in food/agriculture business) showed Total Income of Rs 894.98 Lakhs and Net Profit of Rs 223.69 Lakhs, representing a strong 173% and 66% increase respectively year-on-year. Standalone revenue from operations declined 25% to Rs 199.54 Lakhs, but other income surged to Rs 230.44 Lakhs. The company also reported Statement of Deviations for Preferential Issue of Convertible Warrants.

Likely market impact

The appointment of a secretarial auditor is routine compliance. However, the consolidated results showing near-tripling of revenue and strong profit growth indicate the company is scaling significantly through its subsidiaries. The large share warrant money (Rs 895.58 Lakhs) suggests recent fund-raising activity. Cash position declined from Rs 236.92 Lakhs to Rs 99.98 Lakhs on standalone basis as funds were deployed.