Lamosaic India Limited Approves Major Corporate Changes: Increases Share Capital and Restructures Directorship

Lamosaic India Limited Approves Major Corporate Changes: Increases Share Capital and Restructures Directorship​

Lamosaic India Limited announced several significant corporate developments following its Third Annual General Meeting held on Friday, July 24, 2026. The meeting saw approvals for the adoption of audited standalone financial statements for the year ended March 31, 2026, along with crucial alterations to the company's memorandum and articles of association (MOA and AOA).

The General Meeting addressed key appointments, capital structure changes, and the relocation of the registered office.

Board Appointments and Leadership Changes​

The meeting focused on senior management transitions within Lamosaic India Limited. Mr. Jitesh Khushalchand Mamaniya (DIN: 10200824) was reappointed to the board, as he retired by rotation and offered himself for reappointment. Simultaneously, the members approved the appointment of Mr. Sukhdev Singh (DIN: 11789022) as the Chairman and Managing Director of the company.

Mr. Singh has over six years of experience in the banking and financial services sector, having served roles including Collection Senior Officer at Indiabulls Venture Limited and Relationship Manager at Cholamandalam Investment and Finance Company Limited. He is not related to any other director of the company. Both Mr. Mamaniya and Mr. Singh have been confirmed as being free from debarment by SEBI or any statutory authority, according to confirmations provided to the Board of Directors.

Key details regarding these appointments are summarized below:

Capital Structure Alteration​

The company approved a substantial increase in its authorized share capital along with the necessary alteration of the Memorandum of Association (MOA). The Authorized Share Capital was increased from Rs. 11,00,00,000 (Rupees Eleven Crore Only) to Rs. 61,00,00,000/- (Rupees Sixty-One Crore Only). This capital is divided into 6,10,00,000 Equity Shares of Rs. 10/- each.

Business Scope and Governance Alterations​

Lamosaic India Limited inserted a new Main Object Clause into its MOA, significantly broadening the company's business scope. The new clause details operations across manufacturing, processing, spinning, weaving, knitting, dyeing, printing, finishing, buying, selling, importing, exporting, trading, distributing, wholesaling, retailing, and otherwise dealing in all kinds of textiles, fabrics, yarns, fibers, garments, apparel, ready-made clothes, hosiery products, home textiles, fashion accessories, textile raw materials, and machinery. This includes undertaking domestic and international trade, e-commerce, sourcing, merchandising, contract manufacturing, and allied activities related to the textile and garment industry.

Furthermore, a new clause (165A) was inserted into the Articles of Association (AOA). This clause allows the Chairman and Managing Director or Chief Executive Officer—regardless of other provisions in the Articles—to hold the office of both the Chairman of the Board and the Managing Director or CEO of the company.

Administrative Changes​

The meeting also approved the shifting of the Registered Office of Lamosaic India Limited. The Registered Office was shifted from the jurisdiction of the Registrar of Companies, Pune to the jurisdiction of the Registrar of Companies, Mumbai I, both within Maharashtra.

The current addresses mentioned in relation to the company are:

LAMOSAIC Stock Price Movement​

Lamosaic India Limited shares edged higher on Friday, closing at ₹48.30 after gaining ₹0.45 or 0.97%. The stock saw healthy activity throughout the session, recording a total traded volume of 69,000 shares.