ENCLOSED HEREWITH DETAILS UNDER ANNEXURE-VI
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Awaiting price reaction for this filing.
On February 14, 2026, the board approved unaudited Q3 FY26 results along with a sweeping overhaul of the company. Standalone results remain negligible (revenue nil, loss of Rs. 5.29 lakh in Q3 and Rs. 19.17 lakh for 9M FY26), while consolidated results show revenue of Rs. 403.88 lakh in Q3 and Rs. 671.39 lakh for 9M FY26, driven by subsidiary Solarfusion Renewables Pvt. Ltd. The existing Managing Director and CFO, Mr. Vishvajitsinh Jadeja, resigned, as did two independent directors and the company secretary. In their place, a new promoter-linked team was appointed, including Mr. Vinubhai Vekaria as new Chairman & Managing Director and Mr. Alakh Mangroliya as Executive Director and CFO. The company also approved changing its name to 'Lexora Global Limited', shifting its registered office from Maharashtra to Gujarat, and altering its objects to enter the renewable energy, solar, and power generation businesses. An EGM is scheduled for March 18, 2026 to seek shareholder approval.
This is a near-complete corporate transformation — new promoters are taking control with a clean renewable-energy focused identity, but standalone operations remain loss-making and small. Shareholders should watch the March 18 EGM outcome, as the name change, registered office shift, and expansion into renewables will redefine the company's business and could materially affect liquidity and share price perception.