Laxmi Organic FY26 results date, dividend, CFO change

What the company has disclosed to BSE

Laxmi Organic Industries Limited has informed BSE that its Board of Directors will meet on May 21, 2026. The agenda includes considering and approving the company’s audited financial results (standalone and consolidated) for the quarter and year ended March 31, 2026. Alongside the results, the board will also consider the recommendation of a dividend on equity shares for the financial year ended March 31, 2026. For investors, the disclosure is relevant because it sets a clear date for audited numbers and a potential shareholder payout decision. The update also comes soon after a finance leadership change at the company.

Board meeting agenda: audited results and dividend

As per the exchange intimation, the board meeting on May 21, 2026 will take up two core items. First, it will consider and approve the audited standalone and consolidated financial results for Q4 and FY26. Second, the board will consider a dividend recommendation for equity shareholders for FY26. The company has not disclosed the dividend amount in the notice. The outcome of the board meeting will determine both the final audited performance snapshot and whether a dividend is proposed for the year.

CFO resignation and interim appointment

Laxmi Organic has also submitted disclosure on a change in its Chief Financial Officer role. Mr. Mahadeo Karnik resigned as CFO with effect from April 13, 2026. The company stated the resignation was for professional opportunities. The Board approved the appointment of Mr. Harshvardhan Goenka as Interim CFO with effect from April 14, 2026. The company positioned this as a continuity measure, ensuring finance leadership coverage during a transition period.

Interim CFO: role timing and continuity plan

Mr. Harshvardhan Goenka is currently an Executive Director and, as disclosed, has 13 years of experience in the chemicals industry. He will assume CFO responsibilities from the commencement of business hours on April 14, 2026. The company stated his interim role will continue until a new permanent CFO joins. The disclosure frames the arrangement as a board-approved operational continuity step, with interim accountability clearly dated.

Permanent CFO search: expected joining date and approvals

The management has identified a successor for the permanent CFO position. The company said the candidate is tentatively expected to join on June 15, 2026. However, the appointment is subject to approvals from the Nomination and Remuneration Committee, Audit Committee, and the Board of Directors in upcoming meetings. Until those approvals are completed and the appointment is formalised, Mr. Goenka remains the interim finance head.

What the latest available quarterly numbers show (Q3 FY26)

Ahead of the audited Q4 and FY26 numbers, the most recent figures cited are from Q3 FY 2025-26 (quarter-ended December), announced on January 30, 2026. Laxmi Organic reported revenue of ₹721.83 crore, EBITDA of ₹53.08 crore, and net profit of ₹25.40 crore for that quarter. The company’s revenue growth was reported as 2.6% quarter-on-quarter and -8.9% year-on-year. Net profit was reported as up 130.5% QoQ and down 13.3% YoY, and EPS stood at 0.92 for the quarter. These data points provide recent context, but the May 21 meeting is expected to bring audited numbers for the full-year close.

FY25 audited snapshot and dividend reference point

The text also cites audited-year information for the year ended March 31, 2025. For FY25, total revenue from operations was reported at ₹2,944.61 crore, up 4.26% from ₹2,824.19 crore in the previous year (values converted from Rs Mn to Rs crore). EBITDA was reported at ₹307.72 crore, up 7.29% from ₹286.82 crore. Profit Before Tax (PBT) was stated as ₹165.49 crore, down 5.97% from ₹286.82 crore (as presented in the source text). Net profit was reported at ₹118.02 crore, down 7.34% from ₹127.37 crore.

Dividend track record mentioned in disclosures

The company has disclosed dividend references from earlier periods. It stated a final dividend of 25% (₹0.50 per equity share) on face value ₹2 per share for FY25, subject to shareholder approval at the AGM. The proposed FY25 dividend outflow was mentioned as approximately ₹13.88 crore (converted from Rs 138.76 Mn). Separately, it is also stated that Laxmi Organic Industries Ltd. declared a dividend of ₹0.50 on July 18, 2025. For FY26, the company has only stated that the board will consider a dividend recommendation on May 21, 2026.

Governance and compliance context from earlier filings

The text references that standalone and consolidated financial results in a prior filing (dated October 29, 2025) were subjected to limited review by Deloitte Haskins & Sells LLP, with no qualifications, concerns, or issues raised in the review reports. It also mentions that the company uploaded its financial results and investor presentation on its website and stock exchanges. While that is not the FY26 audited statement, it provides context on the company’s disclosure practices cited in the material.

Key facts table

Market impact: what investors will track next

The immediate market relevance is the date certainty for audited results and the dividend decision. Audited standalone and consolidated numbers can materially change investor interpretation versus limited review or unaudited snapshots, depending on final adjustments and disclosures. The CFO change adds another layer of focus, as investors typically watch how quickly companies stabilise key finance leadership, especially around year-end reporting and audit closure. The company has disclosed an interim arrangement and a tentative date for the permanent CFO to join, but also clarified that approvals are pending.

Conclusion

Laxmi Organic has set May 21, 2026 as the board date for approving audited Q4 and FY26 results and for considering a dividend recommendation. The company has also disclosed a CFO transition, with Harshvardhan Goenka serving as interim CFO from April 14, 2026, and a permanent CFO expected around June 15, 2026 subject to committee and board approvals. Investors will watch the audited FY26 numbers, the dividend recommendation outcome, and the progress on the permanent CFO appointment through upcoming committee and board decisions.