Enclosed herewith Announcement under Reg 30 of SEBI (LODR) Reg, 2015 as Annexure-III
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The board approved unaudited standalone and consolidated financial results for Q3 FY26 (quarter ended Dec 31, 2025). On a standalone basis, the company reported negligible revenue of Rs 0.31 lakh and a loss of Rs 3.80 lakh for the quarter, with a 9-month loss of Rs 21.97 lakh. On a consolidated basis (including subsidiary Solarfusion Renewables Pvt Ltd), revenue jumped to Rs 403.84 lakh in Q3 vs nil a year ago, and the 9-month figure turned to a profit of Rs 13.72 lakh from a loss of Rs 15.24 lakh last year. The board approved a sweeping leadership change: Mr. Vishvajitsinh Jadeja resigned as Managing Director, CFO, and Director, while the Company Secretary also stepped down. New Chairman & Managing Director Vinubhai Vekaria, two new Whole-Time Directors, a new CFO, and two Independent Directors (including a woman director) were appointed. The company also approved changing its name to 'Lexora Global Limited', shifting registered office from Maharashtra to Gujarat, and altering its object clause to enter the renewable energy business (solar, wind, power generation). An EGM is scheduled for March 18, 2026 to seek shareholder approval.
This is a transformative announcement — the company is effectively a shell pivoting into renewable energy via its subsidiary, with a near-complete board overhaul and rebranding. Shareholders will vote on the name change, registered office shift, and new business objects at the EGM. Near-term, standalone operations remain loss-making and insignificant; the real value driver is the Solarfusion Renewables subsidiary. Investors should watch the EGM outcome and future consolidated earnings closely.