Laxmi Organic names Rajesh Naik executive director for 5 years

Laxmi Organic Industries Limited appointed Rajesh Naik as Executive Director (Operations) from November 6, 2026, for a five-year term ending November 5, 2031, subject to shareholder approval. Laxmi Organic said the appointment brings its manufacturing, safety, regulatory compliance, operational excellence and digital-transformation accountability to board level.

Why did Laxmi Organic appoint Rajesh Naik to the board?

Laxmi Organic appointed Naik to strengthen board-level oversight and accountability for manufacturing operations, safety, regulatory compliance, operational excellence and digital transformation. The board approved his appointment as an Additional Director and Whole-time Director, designated Executive Director (Operations), at its November 5, 2026 meeting, with effect from November 6, 2026.

Naik already heads Laxmi Organic’s manufacturing function and is a member of its senior leadership team. The appointment was one of the decisions taken alongside approval of unaudited standalone and consolidated financial results for the quarter and six months ended September 30, 2026.

Laxmi Organic reports its operations as one Chemical Business segment under Indian Accounting Standard 108, known as Ind AS 108. The September 30, 2026 results do not provide revenue or profit by manufacturing site or product line, but the filing identifies manufacturing operations as a specific area for board-level accountability.

What are Rajesh Naik’s appointment terms at Laxmi Organic?

Naik’s appointment as Whole-time Director runs for five years, from November 6, 2026 through November 5, 2031. He is liable to retire by rotation, and shareholders must approve his appointment through the postal ballot authorised by the board on November 5, 2026.

Laxmi Organic has appointed Naik first as an Additional Director from November 6, 2026. The postal ballot will seek members’ approval for his appointment as Director and Whole-time Director designated Executive Director (Operations), meaning the disclosed five-year tenure remains subject to that shareholder process.

Laxmi Organic said Naik is not related to any director and is not debarred from holding a directorship by an order of the Securities and Exchange Board of India, or SEBI, or any other authority. These disclosures were included in Annexure C to the November 5, 2026 board-meeting outcome.

What experience does Rajesh Naik bring to Laxmi Organic?

Naik brings more than 34 years of chemicals-industry experience, according to Laxmi Organic’s November 5, 2026 disclosure. His senior leadership positions have included roles at Asian Paints, E.I. DuPont India, EICL and BASF India Limited, with experience spanning manufacturing, operations, digital transformation and strategic leadership.

At BASF, Naik spent more than a decade and served on its board for seven years. His disclosed roles included Head of Manufacturing for India, Regional Operations Head for Asia-Pacific excluding Greater China, and Divisional Digital Officer, while he was also a member of the BASF Global Manufacturing Council.

The filing links that background to the responsibilities assigned from November 6, 2026, particularly manufacturing, compliance and digital transformation. Laxmi Organic did not disclose numerical manufacturing targets, a capital-spending plan or implementation milestones for Naik’s five-year term to November 5, 2031.

How did Laxmi Organic perform before the appointment?

Laxmi Organic reported consolidated revenue from operations of Rs 1,082.726 crore for the quarter ended September 30, 2026, compared with Rs 699.745 crore a year earlier. Consolidated profit after tax rose to Rs 57.007 crore from Rs 11.015 crore, based on unaudited results reviewed by the statutory auditors.

Consolidated profit before tax increased to Rs 78.551 crore in the September 2026 quarter from Rs 15.499 crore in the September 2025 quarter. The following comparison shows that revenue, profit before tax and profit after tax were all higher year on year when the board approved Naik’s appointment on November 5, 2026.

For the six months ended September 30, 2026, consolidated revenue from operations was Rs 2,051.06 crore, compared with Rs 1,392.675 crore in the corresponding 2025 period. Laxmi Organic said tax expense is not comparable across the periods because of changes in its tax-regime assessment, use of brought-forward losses and recognition of minimum alternate tax credit in financial year 2025-26.

What will Laxmi Organic shareholders consider next?

Laxmi Organic shareholders will consider Naik’s appointment and the appointment and redesignation of Harshvardhan Goenka as Managing Director and Chief Executive Officer through a postal ballot approved on November 5, 2026. The filing does not state the ballot date, voting deadline or date on which results will be announced.

The filing gives Naik’s specific tenure, from November 6, 2026 to November 5, 2031, but says details on Goenka’s proposed appointment had been submitted to the stock exchanges on September 8, 2026. Laxmi Organic therefore did not repeat Goenka’s profile or terms in the November 5 disclosure.

The board meeting began at 5:15 pm Indian Standard Time and concluded at 7:30 pm on November 5, 2026. In addition to the two postal-ballot items, Laxmi Organic approved unaudited standalone and consolidated results for the quarter and six months ended September 30, 2026, with limited-review reports issued by Deloitte Haskins & Sells LLP.

Conclusion

Laxmi Organic has placed its manufacturing head on the board as Executive Director (Operations) for a five-year period beginning November 6, 2026. The appointment combines responsibility for manufacturing, safety, compliance, operational excellence and digital transformation with Naik’s stated experience of more than 34 years in the chemicals industry.

The next disclosed matter is the postal ballot seeking shareholder approval for Naik’s Whole-time Director appointment and Goenka’s Managing Director and Chief Executive Officer proposal. Laxmi Organic has not disclosed a voting timetable or operating targets for Naik’s term ending November 5, 2031, so those are the matters to watch in later company communications.