Laxmi Organic Industries Ltd Share Price – NSE  / BSE

Chemicals, Small Cap

Laxmi Organic Industries announced the resignation of Mahadeo Karnik as Chief Financial Officer of the company with effect from 13 April 2026.

Subsequently, the company has appointed Harshvardhan Goenka as Interim Chief Financial Officer of the company with effect from 14 April 2026.

He will be relieved from his duties at the close of business hours on 13 April 2026. The board has expressed its appreciation for his contributions during his tenure.

Following this, the company?s board has approved the appointment of Harshvardhan Goenka, executive director, as the interim CFO with effect from the commencement of business hours on 14 April 2026. He will hold the additional charge until a new CFO assumes office.

The company also stated that it has identified a successor for the CFO role, who is expected to join on 15 June 2026. The appointment will be placed before the Nomination and Remuneration Committee, Audit Committee, and the Board for approval.

Goenka holds a Bachelor?s degree in Science from Babson College, Boston, and has over 13 years of experience in the chemicals industry. He has been associated with Laxmi Organic since his appointment to the board in November 2020 and is responsible for driving the company?s growth initiatives and new ventures.

Laxmi Organic Industries is a leading manufacturer of acetyl intermediates and specialty intermediates with almost three decades of experience in large-scale manufacturing of chemicals.

The company's consolidated net profit fell 13.3% to Rs 25.41 crore on 8.6% decline in revenue from operations to Rs 718.68 crore in Q3 FY26 over Q3 FY25.

The counter shed 0.75% to Rs 125.10 on the BSE.

Praj Industries Ltd, Shree Renuka Sugars Ltd, Bajaj Hindusthan Sugar Ltd and Sonata Software Ltd are among the other gainers in the BSE's 'A' group today, 09 March 2026.

Laxmi Organic Industries Ltd soared 3.51% to Rs 117.85 at 11:45 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 51627 shares were traded on the counter so far as against the average daily volumes of 44479 shares in the past one month.

Praj Industries Ltd spiked 3.22% to Rs 314.35. The stock was the second biggest gainer in 'A' group. On the BSE, 3.66 lakh shares were traded on the counter so far as against the average daily volumes of 5.68 lakh shares in the past one month.

Shree Renuka Sugars Ltd surged 3.14% to Rs 24.64. The stock was the third biggest gainer in 'A' group. On the BSE, 7.83 lakh shares were traded on the counter so far as against the average daily volumes of 3.61 lakh shares in the past one month.

Bajaj Hindusthan Sugar Ltd exploded 2.99% to Rs 16.56. The stock was the fourth biggest gainer in 'A' group. On the BSE, 6.62 lakh shares were traded on the counter so far as against the average daily volumes of 5.75 lakh shares in the past one month.

Sonata Software Ltd jumped 2.27% to Rs 252.3. The stock was the fifth biggest gainer in 'A' group. On the BSE, 53470 shares were traded on the counter so far as against the average daily volumes of 43545 shares in the past one month.

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Net profit of Laxmi Organic Industries declined 13.31% to Rs 25.41 crore in the quarter ended December 2025 as against Rs 29.31 crore during the previous quarter ended December 2024. Sales declined 8.60% to Rs 718.68 crore in the quarter ended December 2025 as against Rs 786.34 crore during the previous quarter ended December 2024.

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