ENCLOSED HEREWITH BOARD MEETING OUTCOME DATED 14/02/2026
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Awaiting price reaction for this filing.
The board approved unaudited Q3 FY26 (Dec 2025) results. Consolidated revenue from operations jumped to Rs 403.84 lakhs (vs nil in Q3 FY25), but the company still reported a small consolidated loss of Rs 2.77 lakhs for the quarter; standalone loss was Rs 3.80 lakhs on near-zero revenue. For the 9-month period (Apr–Dec 2025), consolidated PAT swung to a profit of Rs 13.72 lakhs from a loss of Rs 15.24 lakhs a year ago, while 9M consolidated revenue was Rs 669.73 lakhs. A near-complete leadership overhaul was announced: MD and CFO Vishvajitsinh Jadeja resigned along with two independent directors and the company secretary; Vinubhai Vekaria (40+ years in industrial sectors) was named new Chairman & MD, with new executive directors and independent directors appointed. The board also approved altering the company's objects to include renewable energy (solar, wind, power generation), changing the company name to 'Lexora Global Limited', and shifting the registered office from Maharashtra to Gujarat, subject to shareholder approval at an EGM scheduled for 18 March 2026. The auditor (Bhatter & Company) issued an unmodified limited review report on both standalone and consolidated results.
This is a transformational filing — the company is rebranding, relocating, and pivoting into renewable energy, which could reshape its business identity and valuation narrative for shareholders. However, the latest quarter remains in the red on a standalone basis and the new strategic direction still needs execution and EGM approval, so near-term stock reaction may depend on investor confidence in the incoming management and renewable energy plans.