Laxmi Organic Industries Limited announced that at its board meeting held on February 27, 2023, approved Mr. Satej Nabar, chief executive officer has resigned and decided to move on from the company to pursue his personal interests outside the organization. His resignation shall be effective from the closing business hours of April 2, 2023. To facilitate a smooth transition of role and responsibilities for the incoming MD & CEO, Mr. Satej Nabar will work with the Company till May 31, 2023.