Lakhotia Polyesters (India) Ltd

Dematerialisation processing and listing

• Dematerialisation requests were confirmed to the depositories.
• Dematerialised securities have been listed on the stock exchanges.
• Physical certificates were mutilated and cancelled after verification; depository name substituted as registered owner.

Deal overview

• Target entity: New Nexus FZ LLC, a Dubai-based entity.
• Size/scale: not disclosed.
• Related party: not disclosed.
• Industry/sector: not disclosed.
• Purpose: acquire 100% stake; rationale not disclosed.
• Regulatory approvals: not specified; delay noted.
• Timeline: completion likely by 31 December 2026.
• Consideration form: not disclosed.
• Cost/price: not disclosed.
• Shareholding acquired: 100% stake.
• Background: Dubai-based entity; no disclosed products, incorporation date, or turnover.

Lakhotia Polyesters (India) Limited — Trading Window closed from Oct 01, 2026 for unaudited quarterly and half-year results for the period ending Sep 30, 2026; The Trading Window will open 48 hours after the said financial results are declared to the Stock Exchange.

Key disclosures

• Target: Lakhotia Polyesters (India) Limited.
• Acquirer: Intensive Finance Private Limited (non-promoter).
• Seller: Intensive Softshare Private Limited (non-promoter).
• Transaction: Acquisition by acquirer and disposal by seller.
• Pre-holding (buyer): 9,84,021 shares (9.39%).
• Pre-holding (seller): 6,21,000 shares (5.93%).
• Shares acquired: 6,21,000 shares (5.93%), open market, on 21-Sep-2026.
• Total after: Buyer 16,05,021 shares (15.32%).
• Seller post-holding: 0 shares.
• Date: 21 September 2026.
• Share capital before: Rs. 1,04,739,880; 1,04,73,988 shares.
• Share capital after: Rs. 10,47,39,880; 1,04,73,988 shares.
• Total diluted capital after: Rs. 10,47,39,880; 1,04,73,988 shares.

Director appointments

• Ms. Kajal Dubey appointed Independent Director (Non-Executive) w.e.f. 17 Jul 2026 for 5-year term; not debarred.
• Mr. Murli Harishkumar Lakhotia appointed Non-Executive, Non-Independent Director w.e.f. 18 Aug 2026; liable to retire by rotation.

Acquisition details

• Target Company: Lakhotia Polyesters (India) Limited.
• Disclosing Party: Acquirer Intensive Finance Private Limited and Seller Intensive Softshare Private Limited (non-promoter).
• Transaction Type: Acquisition of 6,21,000 equity shares via open market.
• Pre-transaction holdings: Buyer 9,84,021 shares (9.39%), Seller 6,21,000 shares (5.93%).
• Post-transaction holding: Buyer 16,05,021 shares (15.32%).
• Date of transaction: September 21, 2026.
• Share capital before: Rs. 1,04,739,880 (1,04,73,988 shares of Rs 10).
• Share capital after: Rs. 10,47,39,880 (1,04,73,988 shares).

Key details

• Target Company: Lakhotia Polyesters (India) Limited.
• Disclosing Parties: Seller Intensive Softshare Private Limited; PAC Intensive Finance Private Limited; none promoter group.
• Transaction Type: Disposal of shares via open market.
• Pre-Transaction Holding (seller): 6,21,000 shares (5.93%); (buyer): 9,84,021 shares (9.39%).
• Total pre-disposal holding: 16,05,021 shares (15.32%).
• Post-Transaction Holding: Buyer/PAC holds 16,05,021 shares (15.32%).
• Details: 6,21,000 shares disposed; 6,21,000 shares acquired via open market.
• Date of Transaction: 21 September 2026.
• Capital before: Rs. 1,04,739,880 for 1,04,73,988 shares.
• Capital after: Rs. 10,47,39,880 for 1,04,73,988 shares.
• Diluted capital after: Rs. 10,47,39,880 for 1,04,73,988 shares.

AGM Details

• AGM held on 21 September 2026 at 4:00 PM via VC/OAVM.
• Record date was 11 September 2026; total shareholders on record: 1,045.
• AGM concluded at 4:30 PM, including a 15-minute e-voting window.
• Attendance: 2 promoters and promoter group attendees, plus 14 public via VC.
• Six resolutions were passed at the AGM.

Key Resolutions

• Ordinary: Adopt audited financial statements for the year ended March 31, 2026.
• Ordinary: Re-appoint Jayshri Lakhotiya, retiring by rotation.
• Ordinary: Appointment of Statutory Auditor to fill casual vacancy.
• Ordinary: Appoint Praveen Purohit & Associates as Statutory Auditor.
• Special: Appointment of Kajal Dubey as Independent Director.
• Ordinary: Appoint Murli Harishkumar Lakhotia as Director.

Voting Results

• Resolution 1: Passed; 6,985,322 in favour (100%).
• Resolution 2: Passed; 6,985,322 in favour (100%).
• Resolution 3: Passed; 6,985,322 in favour (100%).
• Resolution 4: Passed; 6,985,322 in favour (100%).
• Resolution 5: Passed; 6,985,322 in favour (100%).
• Resolution 6: Passed; 6,985,322 in favour (100%).

Dividend

• Dividend: none proposed.

Director Changes

• Jayshri Lakhotiya re-appointed by rotation.
• Kajal Dubey appointed as Independent Director.
• Murli Harishkumar Lakhotia appointed as Director.

Auditor Appointments

• Statutory Auditor appointed to fill casual vacancy.
• Praveen Purohit & Associates appointed as Statutory Auditor.

Material Related Party Transactions

• No material related party transactions disclosed.

Other Material Approvals

• No other material approvals reported.

AGM Details

• Date and mode: 21 September 2026, 4:00 PM IST; VC/OAVM.
• Cut-off for voting: 11 September 2026.
• Remote e-voting window: 17-20 September 2026.
• Scrutinizer: CS Manoj Mimani.
• Quorum: 16 shareholders present via VC/OAVM.
• Meeting end: 4:30 PM, including 15-minute e-voting.

Resolutions Presented

• Adopt audited financial statements and board/auditors' reports.
• Re-appointment of Jayshri Lakhotiya by rotation.
• Appointment to fill casual vacancy in Statutory Auditor.
• Appointment of Praveen Purohit & Associates as Statutory Auditor.
• Appointment of Kajal Dubey as Independent Director.
• Appointment of Murli Harishkumar Lakhotia as Director.

Director and Auditor Changes

• Jayshri Lakhotiya retires by rotation; re-appointment proposed.
• Kajal Dubey appointed as Independent Director.
• Murli Harishkumar Lakhotia appointed as Director.
• M/s Praveen Purohit & Associates appointed as Statutory Auditor.
• Statutory Auditor appointed to fill casual vacancy.

Voting Status

• Results to be declared within two working days.
• Voting window remained open for 15 minutes post-meeting.
• Voting conducted via CDSL platform.