ENCLOSED HEREWITH RESIGNATION OF AMARENDRA MOHAPATRA (DIN: 03609521) AS NON EXECUTIVE INDEPENDENT DIRECTOR ALONG WITH RESIGNATION LETTER
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Yash Trading and Finance Limited (BSE: 512345) held a board meeting on February 14, 2026, resulting in a sweeping overhaul of leadership and strategy. The Managing Director and CFO, Mr. Vishvajitsinh Jadeja, resigned from both posts, along with two Independent Directors (Mr. Akhil Nair and Mr. Amarendra Mohapatra) and the Company Secretary (Ms. Kavita Chhajer). The board appointed promoter-linked individuals to key roles: Mr. Vinubhai Vekaria as new Chairman & Managing Director, Mr. Manan Trivedi and Mr. Alakh Mangroliya as Whole-time Directors, and Mr. Mangroliya additionally as the new CFO. Two new Independent Directors were also appointed. The board approved changing the company name to Lexora Global Limited, shifting the registered office from Maharashtra to Gujarat, and altering the object clause to enter the renewable energy business. Q3 FY26 consolidated results showed revenue of Rs. 403.84 lakh but a small loss of Rs. 2.78 lakh, while the nine-month consolidated profit stood at Rs. 157.2 lakh. An EGM is scheduled for March 18, 2026, to seek shareholder approval.
This is a transformational announcement with simultaneous exit of almost the entire previous board and promoter family taking control of executive positions. Retail investors should watch the EGM outcome closely as the name change, registered office shift, and pivot to renewable energy represent a fundamental change in business direction. The wholesale leadership churn may raise governance concerns despite promoter-aligned appointments being positioned as strategic continuity.