Laxmi Organic Industries Announces CFO Resignation and Appointment of Interim Chief Financial Officer
Laxmi Organic Industries Ltd confirmed a change in its senior management structure following the resignation of its Chief Financial Officer. The company announced the appointment of Mr. Harshvardhan Goenka to serve as the interim CFO, effective April 14, 2026.The company released details confirming the resignation of Mr. Mahadeo Karnik from the roles of Chief Financial Officer and Key Managerial Personnel. Mr. Karnik's resignation is effective from the close of business hours on April 13, 2026.
The transition includes the appointment of Mr. Harshvardhan Goenka as the Interim Chief Financial Officer of the Company. His tenure as interim CFO is scheduled to commence from the business hours on April 14, 2026, and will continue until a new Chief Financial Officer assumes office.
The details of the key personnel changes are presented below:
| Particulars | Mr. Mahadeo Karnik | Mr. Harshvardhan Goenka |
|---|---|---|
| Reason for change | Resignation as Chief Financial Officer and a Key Managerial Personnel of the Company. | Appointment as Interim Chief Financial Officer of the Company. |
| Date of cessation/appointment | Effective close of business hours of April 13, 2026 | Effective start of the business hours of April 14, 2026 |
| Brief Profile | Not Applicable | Mr. Harshvardhan Goenka holds a Bachelor's degree in science from Babson College, Boston, USA. With over 13 years of experience in the chemicals industry, he is responsible for driving the growth agenda and establishing new ventures at Laxmi Organic. He is an active member of the Entrepreneurs Organisation, Mumbai, and the Babson Alumni Club. Since his appointment to the Board in November 2020, Mr. Goenka has played a key role in shaping the Company's strategic direction. |
Mr. Karnik's resignation was stated to be due to other professional considerations and better opportunities requiring him to re-prioritize his commitments. Laxmi Organic Industries ensured that Mr. Karnik would extend his full cooperation to facilitate a smooth and orderly transition of responsibilities.
LXCHEM Stock Price Movement
Shares of Laxmi Organic Industries Limited are edging higher to ₹127.21 as of 1:01 PM today, rallying 0.81% in live trading. The stock shows strong momentum, continuing to trade on a substantial volume of 638,745 shares.Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.