ENCLOSED HEREWITH RESIGNATION OF KAVITA AKSHAY CHHAJER FROM POST OF COMPANY SECRETARY AND COMPLIANCE OFFICER
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In a sweeping board overhaul on February 14, 2026, the company accepted resignations from Managing Director and CFO Vishvajitsinh Jadeja, Independent Directors Akhil Nair and Amarendra Mohapatra, and Company Secretary Kavita Chhajer. It appointed Vinubhai Vekaria as new Chairman & Managing Director, Manan Trivedi and Alakh Mangroliya as Whole-Time Directors (with Mangroliya also taking over as CFO), and Riddhi Virpariya and Chandresh Kyada as Independent Directors, subject to shareholder approval at an EGM on March 18, 2026. The board approved changing the company name to 'Lexora Global Limited', shifting the registered office from Mumbai (Maharashtra) to Gujarat, and altering the MOA to enter the renewable energy and power generation business. Q3 FY26 standalone results showed a loss of Rs. 5.29 lakh (revenue nil), while consolidated results showed revenue of Rs. 4.04 crore and profit after tax of Rs. 4.56 lakh for the quarter ended December 31, 2025.
This is effectively a complete change of management with a strategic pivot from a small trading/finance entity to a renewable energy-focused company. Shareholders should note the new promoter-linked leadership, the company name and location change, and the entry into a new business vertical — all subject to EGM approval on March 18, 2026. The financial turnaround on a consolidated basis (revenue jumping to Rs. 4 crore from nil) reflects the recent acquisition of Solarfusion Renewables subsidiary.