LXCHEMLaxmi Organic Industries Ltd.
Laxmi Organic Industries appoints Rajesh Naik as executive director
- Management change
- Chemicals
Reviewed byKeshav SehgalBlacklitt Research
Laxmi Organic Industries (NSE: LXCHEM) has appointed Rajesh Naik as an Additional Director and Whole-time Director, designated Executive Director (Operations), effective 6 Nov 2026, it said in a filing on 05 Nov 2026. The five-year term runs to 5 Nov 2031 and is subject to shareholder approval.
The appointment and its term
The board approved the appointment at its meeting on 5 Nov 2026, on the recommendation of the Nomination and Remuneration Committee. The appointment takes effect on 6 Nov 2026, and Naik is liable to retire by rotation. The Whole-time Director term is five years, from 6 Nov 2026 to 5 Nov 2031, and is subject to shareholders' approval.
Naik currently heads the company's Manufacturing function and is a member of its senior leadership team. The company says the appointment is intended to strengthen Board-level oversight and accountability for manufacturing operations, safety, regulatory compliance, operational excellence and digital transformation.
Background and disclosures
Naik has over 34 years of experience in the chemical industry, with senior roles at Asian Paints, E.I. DuPont India, EICL and BASF India Limited. At BASF India he served on the board for seven years and was Head of Manufacturing - India, Regional Operations Head for Asia-Pacific (excluding Greater China) and Divisional Digital Officer.
What the appointment means for Laxmi Organic Industries' shareholders
The change adds a whole-time director with a five-year term, and the appointment is conditional on shareholder approval, which the board has proposed to seek through a postal ballot. The same ballot also covers the appointment and re-designation of Harshvardhan Goenka as Managing Director and Chief Executive Officer.
The filing does not say who will take over Naik's role as head of Manufacturing, what his remuneration will be, or when the postal ballot will be held.
At a glance
| Item | Detail |
|---|---|
| Company | Laxmi Organic Industries Ltd |
| Appointee | Rajesh Naik (DIN: 06935998) |
| Designation | Additional Director and Whole-time Director, Executive Director (Operations) |
| Board approval | 5 Nov 2026 |
| Effective date | 6 Nov 2026 |
| Term | 6 Nov 2026 to 5 Nov 2031, subject to shareholder approval |
Filed with BSE on . Reference: Original filing (PDF)
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