Lakhotia Polyesters (India) Ltd (535387)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Lakhotia Polyesters' revenue was ₹3.2 Cr (+212.3% year on year, -71.7% on the previous quarter), and net profit ₹0.5 Cr (-53.7% year on year); the operating margin was -6.0%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹3.2 | +212.3% | -71.7% |
| Operating profit | ₹-0.2 | to loss | loss narrowed |
| Net profit | ₹0.5 | -53.7% | -88.6% |
| EPS (₹) | 0.43 | -54.3% | -88.7% |
| Operating margin | -6.0% | — | — |
📢 Recent Corporate Announcements
Lakhotia Polyesters (India) Ltd has updated that its proposed acquisition of a 100% stake in Dubai-based New Nexus FZ LLC has been delayed. Initially targeted for completion by September 30, 2026, the deal timeline is now extended to on or before December 31, 2026, due to pending regulatory approvals. The company, which has a market cap of ₹54 Cr and TTM revenue of ₹29 Cr, has not disclosed the acquisition value or target financials in this filing.
- Proposed acquisition involves 100% stake in Dubai-based entity New Nexus FZ LLC
- Completion deadline extended from September 30, 2026 to on or before December 31, 2026
- Delay attributed to pending receipt of regulatory approvals
- Follows earlier intimations dated December 12, 2025, April 01, 2026, and June 29, 2026
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
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
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
Non-promoter entity Intensive Softshare Private Limited disposed of its entire 5.93% stake (6,21,000 equity shares) in Lakhotia Polyesters (India) Ltd via an on-market transaction on September 21, 2026. The shares were acquired by its Person Acting in Concert (PAC), Intensive Finance Private Limited. Consequently, Intensive Finance increased its shareholding from 9.39% to 15.32%, while the combined holding of the group remained unchanged at 15.32%. The transfer represents approximately Rs 3.18 Cr at current market price against a market capitalization of Rs 54 Cr.
- 6,21,000 equity shares (5.93% stake) sold by Intensive Softshare Private Limited
- 6,21,000 equity shares acquired by PAC Intensive Finance Private Limited
- Intensive Finance Private Limited's total holding increased from 9.39% to 15.32% (16,05,021 shares)
- Transaction executed on-market on September 21, 2026 with no change in aggregate group holding of 15.32%
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 scheduled its 21st Annual General Meeting for September 21, 2026, via Video Conferencing. Key business items include the adoption of FY26 financial statements, appointment of M/s Praveen Purohit & Associates as Statutory Auditors for 5 years following a casual vacancy, and the appointment of Ms. Kajal Dubey as Independent Director. The cut-off date for voting eligibility has been set for September 11, 2026.
- 21st AGM scheduled on Monday, September 21, 2026 at 4:00 PM IST via VC/OAVM
- Cut-off date for remote e-voting eligibility fixed as Friday, September 11, 2026
- Remote e-voting window open 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 following the resignation of M/s Sharp Arth & Co LLP
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 key corporate governance updates following its Board meeting on August 18, 2026. Executive Director Ashokkumar Gulabchand Khajanchi resigned effective August 18, 2026, while Murli Harishkumar Lakhotia was appointed as an Additional Non-Executive Director. Additionally, M/s. Praveen Purohit & Associates was appointed as Statutory Auditor to fill a casual vacancy arising from the resignation of M/s. Sharp Arth & Co LLP. The company has convened its 21st Annual General Meeting for September 21, 2026.
- Appointment of Murli Harishkumar Lakhotia as Non-Executive, Non-Independent Director effective August 18, 2026.
- Resignation of Executive Director Ashokkumar Gulabchand Khajanchi effective August 18, 2026, due to personal reasons.
- Appointment of M/s. Praveen Purohit & Associates as Statutory Auditors to fill casual vacancy caused by Sharp Arth & Co LLP's resignation.
- 21st Annual General Meeting scheduled for Monday, September 21, 2026.
Lakhotia Polyesters (India) Ltd has announced the resignation of its Statutory Auditors, M/s. Sharp Aarth & Co LLP, effective July 22, 2026. The auditors cited pre-occupation with other professional commitments and administrative reasons for their inability to continue. This resignation is immediate, requiring the company to appoint a successor to maintain regulatory compliance. Investors should note the stock has already seen a 25.4% decline over the last three months.
- M/s. Sharp Aarth & Co LLP resigned as Statutory Auditors effective July 22, 2026
- Resignation is with immediate effect as per the letter dated July 22, 2026
- Reasons cited include pre-occupation with other professional commitments and administrative reasons
- The company's stock price has declined by 25.4% in the 3 months preceding this announcement
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