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The board approved unaudited Q3 FY26 results showing standalone losses of Rs 5.29 lakhs for the quarter and Rs 19.17 lakhs for nine months (FY25 had a loss of Rs 15.29 lakhs). Consolidated results, driven by subsidiary Solarfusion Renewables Pvt Ltd, posted total income of Rs 40.84 lakhs and a small profit after tax of Rs 0.79 lakh for the quarter. The company is undergoing a complete overhaul: Managing Director Vishvajitsinh Jadeja, CFO Jadeja, two independent directors and the company secretary all resigned, while new directors including a new Chairman & MD, two executive directors and a woman independent director were appointed. Subject to shareholder approval, the company will change its name to Lexora Global Limited, shift its registered office from Maharashtra to Gujarat, alter its objects to focus on renewable energy (solar, wind, power generation), and hold an EGM on March 18, 2026.
This is a transformative announcement — the company is pivoting from a dormant trading/finance entity into a renewable energy-focused business via its subsidiary, with a new promoter-led management and rebranding. Shareholders should note the EGM on March 18, 2026 will seek approval for name change and shift of registered office, which could trigger a fresh stock symbol/ISIN change. Standalone performance remains weak with widening losses.