
Laser Diamonds Ltd: Board Approves Director Appointments, Office Shift, and ₹1.45 Cr Loan
Laser Diamonds Ltd announced a significant board meeting outcome on October 16, 2026. The company appointed three new directors: Mr. Sachin Mishra, Mr. Chandresh Dutt Upadhyay as Additional Non-Executive Independent Directors, and Mrs. Mudrika Devi as an Additional Non-Executive Woman Director, all effective October 16, 2026. The board also approved the shifting of its registered office within Tamil Nadu and the establishment of a new corporate office in New Delhi, both effective October 17, 2026. Furthermore, the company secured a loan facility of ₹1,45,00,000 (₹1.45 Crore) from Chemfit PVC Solutions Private Limited. The reconstitution of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee was also approved.
Key Highlights
- Three new directors appointed, strengthening board independence and diversity.
- Registered and corporate offices to be relocated, impacting operational footprint.
- Company secures a ₹1.45 Crore loan facility.
- Key board committees reconstituted, enhancing corporate governance.
- Company name changed to Turner Industries Limited.
Price Impact
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