Outcome of the bm held on 14.04.2025, delayed in filing due to Login issue however it has been intimated to BSE through email mode.
Awaiting price reaction for this filing.
LS Industries held a board meeting on April 14, 2025 where two key leadership changes were approved. Mr. Pradeep Kumar Mankotia resigned from the posts of Executive Director and CFO citing personal reasons. Simultaneously, Mr. Naveen Kumar Gupta, who has over 12 years of experience in accounting and administration, was appointed as Additional Executive Director with effect from the same date, subject to shareholder approval. The disclosure was filed late on BSE due to a login issue, though the company had already intimated the exchange via email. The board signed off on the changes and other routine business between 3:30 PM and 4:30 PM IST.
A simultaneous exit of the CFO and Executive Director creates short-term leadership uncertainty at LS Industries. The new appointee brings relevant accounting experience which may help ensure continuity in financial oversight, though the delayed disclosure (even if technically due to a login glitch) is a minor governance red flag for retail investors to track.