Appointment of Company Secretary and Compliance Officer
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
In a single board meeting on April 4, 2026, Lexora Global announced a sweeping set of corporate actions. The Board approved a 10:1 stock split, reducing face value from Rs 10 to Rs 1, aimed at improving liquidity and making shares affordable for retail investors. A rights issue of up to Rs 50 Crore was approved to raise fresh equity from existing shareholders. Authorized share capital will be increased fourfold from Rs 10 Crore to Rs 40 Crore, and borrowing powers under Section 180(1)(c), as well as investment/loan limits under Section 186, were each raised up to Rs 500 Crore, subject to shareholder approval. The Board also approved entering the agro, food and spices business by altering the object clause, setting up a wholly-owned subsidiary in the UAE, adopting a new MOA, and shifting the corporate office from Mumbai to Rajkot, Gujarat. An EGM has been scheduled for May 2, 2026 to seek shareholder approvals for these proposals. Separately, Mr. Ajay Kumar Agrawal (ACS: A51105) was appointed as Company Secretary and Compliance Officer effective the same date.
This is a transformational board meeting for a small company — the stock split and rights issue together could materially increase the share count and dilute existing holders, while the sharply higher borrowing and investment limits (up to Rs 500 Cr each) suggest the company is preparing for a large expansion, acquisition, or new agro/international venture. Shareholders should watch the EGM outcomes on May 2 and the final rights issue pricing closely, as the direction of the stock will depend on how the new capital is deployed.