Amendments to Memorandum and Articles of Association of the Company
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lexora Global Ltd's board meeting on April 4, 2026 approved several key proposals. The company will split its equity shares in a 10:1 ratio, converting Rs. 10 face value shares into Rs. 1 face value shares to improve liquidity and make shares more affordable for retail investors. The authorized capital will increase 4-fold from Rs. 10 crore to Rs. 40 crore. A rights issue of up to Rs. 50 crore is planned to raise funds from existing shareholders. Additionally, borrowing and investment powers have been enhanced to Rs. 500 crore each, and the company plans to set up a wholly owned subsidiary in the UAE. The registered office is shifting from Mumbai to Rajkot, Gujarat. An EGM has been scheduled for May 2, 2026 to seek shareholder approvals.
The stock split will increase the number of shares outstanding 10 times, making the stock more accessible to smaller investors. The rights issue may cause temporary dilution but will strengthen the balance sheet. Expansion into UAE and entry into agro/food products business signals strategic growth focus.