Clarification for details mentioned in Outcome of Board Meeting held on April 04,2026
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Lexora Global Ltd has issued a clarification correcting two errors from its April 04, 2026 board meeting outcome. First, the day of the upcoming Extraordinary General Meeting (EGM) scheduled for May 02, 2026 was wrongly mentioned as 'Monday' and should read as 'Saturday'. Second, the pre-split issued, paid-up and subscribed share count was typed as 10,00,00,000 (10 crore) shares, but the correct figure is 1,00,00,000 (1 crore) shares at a face value of Rs. 10 each. The underlying proposal — a 10:1 sub-division of equity shares (face value reducing from Rs. 10 to Re. 1) — remains unchanged. The split is aimed at improving liquidity and making the stock more affordable for small retail investors, with completion expected within 6 months of shareholder approval at the May 2, 2026 EGM.
This is an administrative correction and does not change the substance of the proposed 10:1 stock split. Shareholders should note the corrected EGM date (Saturday, May 02, 2026) and the accurate pre-split capital base of 1 crore shares; no material impact on share price is expected from the correction itself.