ALFA Filings
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Laxmi India Finance Limited announced the resignation of Mr. Kshitij Agarwal, Assistant Vice President - Human Resource (Senior Management Personnel). He will be relieved from his duties effective May 02, 2026, citing personal reasons. The company has fulfilled its disclosure obligations under SEBI LODR Regulations regarding senior management changes.
Laxmi India Finance Limited confirmed it does not fall under the 'Large Corporate' category as per SEBI criteria for the financial year ended March 31, 2026. Consequently, the company is exempt from submitting annual disclosures under the Large Corporate framework. The company reported outstanding borrowings of ₹1,337.31 Crore as of the period end.
Laxmi India Finance Limited received a credit rating upgrade to 'ACUITE A (Stable)' from Acuite Ratings & Research Limited. The company reported a 27.34% YoY growth in AUM to ₹1,626.26 Crore and expanded its branch network to 176. These updates reflect a strengthened credit profile and continued geographic expansion into Maharashtra.
Laxmi India Finance Limited clarified that recent stock price movements are purely market-driven and not due to undisclosed material information. The company reiterated that all necessary disclosures under SEBI Regulations have been made accurately and in a timely manner. The management confirmed they have no control over such market-driven fluctuations.