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The board approved sweeping changes: renaming the company to Lexora Global Limited, shifting the registered office from Mumbai (Maharashtra) to Gujarat, and adding renewable energy to the object clause, subject to shareholder approval at the EGM on March 18, 2026. The entire top management was replaced — Managing Director and CFO Vishvajitsinh Jadeja, two independent directors, and the company secretary all resigned, while five new directors were appointed including Vinubhai Vekaria as new Chairman & Managing Director. For Q3 FY26, standalone financials remained anaemic with nil operating revenue and a loss of Rs. 5.29 lakh (Rs. 19.71 lakh loss for 9M FY26). On a consolidated basis, revenue jumped to Rs. 403.84 lakh in Q3 FY26 (vs nil in Q3 FY25) driven by subsidiary Solarfusion Renewables, with a marginal profit of Rs. 0.93 lakh.
This looks like a near-complete transformation of the company into a renewable energy entity under new promoter-linked management. Shareholders should watch the March 18, 2026 EGM closely — the name change, office relocation, and new business direction all depend on their approval. The standalone business is still loss-making, so value will depend entirely on how the Solarfusion renewables subsidiary performs going forward.