APPROVED CHANGE OF NAME FROM YASH TRADING AND FINANCE LIMITED TO LEXORA GLOBAL LIMITED, SUBJECT TO APPROVAL OF MEMBERS IN EGM
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The board on Feb 14, 2026 approved renaming the company to Lexora Global Limited, shifting its registered office from Mumbai (Maharashtra) to Gujarat, and expanding its objects clause to include renewable energy (solar, wind, hydro power generation). Q3 FY26 standalone results showed zero revenue and a loss of Rs 2.29 lakhs (vs Rs 5.24 lakhs loss in Q3 FY25); consolidated revenue from subsidiary Solarfusion Renewables Pvt Ltd stood at Rs 403.84 lakhs but ended in a small loss of Rs 2.78 lakhs. Major leadership churn — Managing Director & CFO Vishvajitsinh Jadeja, two independent directors (Akhil Nair and Amarendra Mohapatra), and Company Secretary Kavita Chhajer all resigned. A new promoter-related Chairman & MD (Vinubhai Vekaria), two Whole-time Directors, and fresh Independent Directors were appointed, with most new directors related to the promoter. An EGM is scheduled for March 18, 2026 to seek shareholder approval for the name change, registered office shift, and altered objects clause.
The rebrand to 'Lexora Global' and pivot to renewable energy signal a strategic transformation, but the simultaneous exit of the MD, CFO, and Company Secretary alongside promoter-related new appointments raises governance concerns. Standalone losses persist, so shareholders should monitor the March 18 EGM outcome and Q4 FY26 performance for clarity on the new direction.