Lamosaic India Announces Key Board Decisions: Changes in Leadership, Capital Expansion and Committee Reconstitution

Lamosaic India Announces Key Board Decisions: Changes in Leadership, Capital Expansion and Committee Reconstitution​

Lamosaic India Limited held a board meeting on June 29, 2026, where it approved several major corporate decisions. These approvals include changes in senior leadership, an increase in Authorized Share Capital, the insertion of a new Main Object Clause, and the reconstitution of key committees of the Board of Directors.

The company also notified the agenda for its Third (03rd) Annual General Meeting (AGM), which is scheduled to be held on Friday, July 24, 2026. The AGM will be conducted via Video Conferencing or Other Audio Visual Means. Key decisions slated for shareholder approval at the AGM include the altered Memorandum of Association and Articles of Association.

Leadership Transition and Appointments​

The Board approved significant changes regarding the management structure. Mr. Vinod Juthalal Visaria (DIN: 07603546) was re-designated from Chairman and Managing Director to Managing Director, effective June 29, 2026, following his request for a designation change.

The company also approved the appointment of Mr. Sukhdev Singh (DIN: 11789022) as Chairman and Managing Director for a period of three years, effective from June 29, 2026. This appointment is subject to member approval at the upcoming AGM. Mr. Singh brings over six years of experience in the banking and financial services sector.

Furthermore, the Board approved the continuation of remuneration payable to Mr. Jitesh Khushalchand Mamaniya (DIN: 10200824), Executive Director and Chief Financial Officer, subject to member approval at the AGM.

Capital Structure and Business Scope Alterations​

The board meeting addressed the increase in the Authorized Share Capital of the company. The authorized capital was altered from Rs. 11,00,00,000 (One Crore Ten Lakhs Equity Shares of Rs. 10 each) to Rs. 61,00,00,000 (Six Crore Ten Lakhs Equity Shares of Rs. 10 each). This alteration is subject to approval by the members at the ensuing Third AGM.

In terms of business expansion, the board approved the insertion of a new Main Object Clause into the Memorandum of Association. The proposed clause enables the company to engage in all kinds of textiles, fabrics, yarns, fibers, garments, apparel, ready-made clothes, hosiery products, home textiles, and fashion accessories, including undertaking domestic and international trade.

Corporate Updates and Committee Reconstituations​

The board meeting also addressed several operational changes that require member approval at the AGM, including the alteration of the Articles of Association and the shifting of the company’s Registered Office from the Jurisdiction of the Registrar of Companies, Pune to the Jurisdiction of the Registrar of Companies, Mumbai I.

The meeting resulted in the reconstitution of both the Nomination and Remuneration Committee and the Stakeholders Relationship Committee.

Board Committees Structure​

The following tables provide details on the composition of the newly constituted committees:

Nomination and Remuneration Committee:


Stakeholders Relationship Committee:


The board meeting commenced at 05:00 p.m. and concluded at 06:18 p.m. The company has also approved the Board's Report for the financial year ended March 31, 2026.

LAMOSAIC Stock Price Movement​

Lamosaic India Limited shares today slipped by 4.15% as the stock settled at ₹33.45. The equity traded during the session within a range of ₹35.2 and closed near its day low, with 24,600 shares being traded.