Lakshmi Electrical gains on getting nod to incorporate subsidiary company
Lakshmi Electrical Control Systems is currently trading at Rs. 810.00, up by 17.10 points or 2.16% from its previous closing of Rs. 792.90 on the BSE.
The scrip opened at Rs. 790.00 and has touched a high and low of Rs. 820.00 and Rs. 780.00 respectively. So far 758 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 1214.95 on 08-Jul-2025 and a 52 week low of Rs. 646.10 on 08-Dec-2025.
Last one week high and low of the scrip stood at Rs. 820.00 and Rs. 770.30 respectively. The current market cap of the company is Rs. 199.10 crore.
The promoters holding in the company stood at 36.13%, while Non-Institutions held 63.86% stake in the company.
Lakshmi Electrical Control Systems has received approval for incorporation of a subsidiary company as a part of a consortium arrangement with BIEMSYS and as a pre-commitment to apply for the Tender floated by New & Renewable Energy Development Corporation of Andhra Pradesh.
The new company is proposed to be incorporated for manufacturing of Electrical Vehicle (EV) Chargers and establishment of EV Public Charging Stations upon successful award of Tender to the company. The Finance and Operations Committee of the Board of Directors of the company at its meeting held on July 8, 2026 has inter alia, considered and approved the same.
