Lakhotia Polyesters (India) Ltd (535387)

Lakhotia Polyesters reported its Q2 FY27 (quarter ended Sep 30, 2026) results with revenue from operations declining 64.8% YoY to Rs 2.52 crore (vs Rs 7.15 crore in Q2 FY26). Despite the top-line contraction, Profit After Tax (PAT) rose 31.2% YoY to Rs 0.79 crore compared to Rs 0.60 crore in the same period last year, supported by other income of Rs 1.29 crore. On a sequential basis, revenue fell 21.8% from Rs 3.22 crore in Q1, while PAT grew 74.6% from Rs 0.45 crore. Half-year net profit stood at Rs 1.25 crore on total revenue of Rs 5.73 crore.

• Revenue from operations fell 64.8% YoY to Rs 251.58 lakhs (Rs 2.52 crore) in Q2
• Net profit after tax grew 31.2% YoY to Rs 79.29 lakhs (Rs 0.79 crore)
• Other income of Rs 128.53 lakhs accounted for more than half of the quarter's revenue from operations
• Short-term borrowings reduced by Rs 844.18 lakhs during H1, bringing total debt down

Lakhotia Polyesters (India) Ltd has scheduled a Board of Directors meeting on November 03, 2026, to review and approve the unaudited financial results for the quarter and half year ended September 30, 2026. The insider trading window has been shut since October 01, 2026, and will remain closed until 48 hours post the result announcement. The micro-cap company (market cap Rs 54 Cr) previously reported June 2026 quarterly revenue of Rs 3.22 Cr with a net profit of Rs 0.45 Cr.

• Board meeting scheduled on November 03, 2026
• Agenda to consider unaudited Q2 and H1 results for the period ended September 30, 2026
• Trading window closed from October 01, 2026 until 48 hours post declaration of results

Intensive Finance Private Limited acquired 6,21,000 equity shares (5.93% stake) of Lakhotia Polyesters (India) Limited through an on-market transaction on September 21, 2026. The seller was an affiliated entity, Intensive Softshare Private Limited, which completely exited its 5.93% holding. Following this transaction, Intensive Finance's stake in the company rose from 9.39% to 15.32%. The overall combined non-promoter holding across these two entities remains unchanged at 15.32% (16,05,021 shares).

• Buyer Intensive Finance acquired 6,21,000 equity shares representing 5.93% of the company
• Seller Intensive Softshare disposed of its entire 5.93% stake (6,21,000 shares)
• Post-transaction holding of Intensive Finance increased from 9.39% to 15.32% (16,05,021 shares)
• Aggregate holding of the buyer and PAC combined remained unchanged at 15.32%
• Transaction was executed on-market on September 21, 2026

Lakhotia Polyesters (India) Ltd announced that shareholders approved the appointment of M/s. Praveen Purohit & Associates, Chartered Accountants, as Statutory Auditors at its 21st AGM held on September 21, 2026. The appointment is for a tenure of five consecutive years, spanning from the conclusion of the 21st AGM to the 26th AGM. The company, which reported TTM revenue of ₹29 Cr and a market cap of ₹54 Cr, is undertaking this routine statutory rotation/appointment. The lead auditor carries over 10 years of experience, including corporate restructuring and IBC assignments.

• Appointment approved at the 21st AGM held on September 21, 2026
• Appointed M/s. Praveen Purohit & Associates for a term of 5 consecutive years
• Tenure extends until the conclusion of the 26th Annual General Meeting
• Lead partner has over 10 years of professional audit and taxation experience

Lakhotia Polyesters (India) Ltd has dispatched physical letters providing weblinks to the FY26 Annual Report and 21st AGM Notice for shareholders whose email IDs are not registered. The 21st AGM is scheduled for Monday, September 21, 2026, at 4:00 PM via video conferencing. The cut-off date to determine voting eligibility is Friday, September 11, 2026, with remote e-voting running from September 17 to September 20, 2026.

• 21st Annual General Meeting scheduled for September 21, 2026 at 4:00 PM IST via VC/OAVM
• Cut-off date for voting eligibility set as Friday, September 11, 2026
• Remote e-voting window opens September 17, 2026 (9:00 AM) and closes September 20, 2026 (5:00 PM)
• Communication sent pursuant to Regulation 36(1)(b) of SEBI LODR for members without registered emails

Lakhotia Polyesters (India) Ltd has scheduled its 21st Annual General Meeting (AGM) for Monday, September 21, 2026, via Video Conferencing. The cut-off date for remote e-voting eligibility is Friday, September 11, 2026, with the voting period running from September 17 to September 20, 2026. Key agenda items include the approval of FY26 financial statements and the appointment of M/s. Praveen Purohit & Associates as Statutory Auditors for a 5-year term following the resignation of M/s. Sharp Aarth & Co LLP. Additionally, the AGM will consider the appointments of Ms. Kajal Dubey as Independent Director and Mr. Murli Harishkumar Lakhotia as Non-Executive Director.

• 21st Annual General Meeting scheduled for Monday, September 21, 2026 at 4:00 PM IST via VC/OAVM
• Cut-off date for e-voting fixed as Friday, September 11, 2026; e-voting window open from September 17 to September 20, 2026
• Share transfer books and register of members closed from September 15, 2026 to September 21, 2026
• Appointment of M/s. Praveen Purohit & Associates as Statutory Auditors for 5 consecutive years (21st to 26th AGM) to fill casual vacancy
• Regularisation/appointment of Ms. Kajal Dubey (ID) and Mr. Murli Harishkumar Lakhotia (Non-Executive Director) put for shareholder vote

Lakhotia Polyesters (India) Ltd has released its Annual Report for FY 2025-26 and scheduled its 21st Annual General Meeting for Monday, September 21, 2026 via video conferencing. The company has fixed September 11, 2026 as the cut-off date for voting eligibility, with remote e-voting open from September 17 to September 20, 2026. Key agenda items for shareholder approval include the adoption of FY26 financials, appointment of M/s Praveen Purohit & Associates as statutory auditors for a 5-year term following a casual vacancy, and regularisation of Ms. Kajal Dubey as an Independent Director.

• 21st AGM scheduled for Monday, September 21, 2026 at 4:00 PM IST via VC/OAVM
• Cut-off date for remote e-voting set for Friday, September 11, 2026
• Remote e-voting window spans from September 17, 2026 (9:00 AM) to September 20, 2026 (5:00 PM)
• Proposed appointment of M/s Praveen Purohit & Associates as Statutory Auditors for a 5-year term from 21st to 26th AGM

Lakhotia Polyesters (India) Limited has submitted an intimation under Regulation 30(5) of the SEBI (LODR) Regulations, 2015. The company has authorized 3 Key Managerial Personnel (KMP) to determine the materiality of events or information and disclose them to the stock exchange. The authorized personnel include Managing Director Madhusudan Shamsundar Lakhotiya, CFO Vivek Vijay Rathi, and Company Secretary Shannu Chaturvedi. This filing is purely administrative with no financial or operational impact.

• Intimation submitted pursuant to Regulation 30(5) of SEBI LODR Regulations, 2015 on August 20, 2026
• 3 Key Managerial Personnel (KMPs) authorized to determine materiality and make stock exchange disclosures
• Authorized officials include Managing Director Madhusudan Lakhotiya, CFO Vivek Vijay Rathi, and CS Shannu Chaturvedi

Lakhotia Polyesters (India) Ltd has approved the appointment of M/s. Praveen Purohit & Associates, Chartered Accountants, as Statutory Auditors to fill the casual vacancy created by the resignation of M/s. Sharp Arth & Co LLP. Additionally, Mr. Ashokkumar Gulabchand Khajanchi has resigned as Executive Director effective August 18, 2026. Concurrently, Mr. Murli Harishkumar Lakhotia has been inducted as an Additional Director (Non-Executive, Non-Independent). The company's 21st Annual General Meeting (AGM) has been scheduled for September 21, 2026, to seek shareholder approval for these appointments.

• Appointed M/s. Praveen Purohit & Associates as Statutory Auditors to fill casual vacancy with effect from August 18, 2026
• Noted the resignation of Mr. Ashokkumar Gulabchand Khajanchi from the position of Executive Director effective August 18, 2026
• Appointed Mr. Murli Harishkumar Lakhotia as Additional Director (Non-Executive, Non-Independent) effective August 18, 2026
• Scheduled the 21st Annual General Meeting of the company for September 21, 2026

Lakhotia Polyesters announced governance changes following its board meeting on August 17, 2026. Mr. Ashokkumar Gulabchand Khajanchi resigned as Executive Director effective August 18, 2026, while Mr. Murli Harishkumar Lakhotia was appointed as an Additional Non-Executive Director. The board also appointed M/s. Praveen Purohit & Associates as Statutory Auditors to fill the casual vacancy created by the resignation of M/s. Sharp Arth & Co LLP. The company will seek shareholder approval for these appointments at its 21st Annual General Meeting scheduled for September 21, 2026.

• Appointed Mr. Murli Harishkumar Lakhotia as Non-Executive, Non-Independent Director effective August 18, 2026
• Accepted resignation of Executive Director Mr. Ashokkumar Gulabchand Khajanchi effective August 18, 2026
• Appointed M/s. Praveen Purohit & Associates (FRN: 164568W) as Statutory Auditor to fill casual vacancy
• Convened the 21st Annual General Meeting for Monday, September 21, 2026

Lakhotia Polyesters (India) Ltd announced a board reshuffle on July 17, 2026. Mr. Nikunj Shrawan Bihani has resigned from his position as a Non-Executive Independent Director citing personal circumstances. To fill the vacancy, the board has appointed Ms. Kajal Dubey, an MBA in Finance, as an Additional Independent Director for a five-year term. The board meeting was brief, concluding within 40 minutes.

• Appointment of Ms. Kajal Dubey as Additional Independent Director for a 5-year term effective July 17, 2026
• Resignation of Mr. Nikunj Shrawan Bihani effective July 17, 2026, due to personal unavoidable circumstances
• Board meeting conducted between 3:00 p.m. and 3:40 p.m. on July 17, 2026
• Ms. Kajal Dubey is an MBA in Finance with expertise in corporate governance and risk assessment