ENCLOSED HEREWITH REVISED BOARD MEETING OUTCOME DATED 14/02/2026
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Awaiting price reaction for this filing.
The board approved unaudited Q3FY26 and 9MFY26 results along with a major overhaul of the company's identity and business. Consolidated revenue jumped from nil in Q3FY25 to Rs. 403.84 lakhs in Q3FY26, with 9MFY26 revenue at Rs. 669.73 lakhs, driven by subsidiary Solarfusion Renewables. Profit after tax swung to Rs. 9.22 lakhs in Q3FY26 from a loss of Rs. 5.24 lakhs a year ago. The company plans to rename itself Lexora Global Limited, shift its registered office from Mumbai (Maharashtra) to Gujarat, and alter its main objects to enter the renewable energy and power generation business. An EGM is scheduled for March 18, 2026 to seek shareholder approval. The entire board was reconstituted: existing MD Vishvajitsinh Jadeja and CFO Ms. Kavita Chhajer resigned, and new promoter-linked directors including Vinubhai Vekaria (new Chairman & MD) and Alakh Mangroliya (new CFO) were appointed.
For shareholders, this is effectively a transformation announcement — a small trading/finance shell pivoting into renewable energy via its subsidiary, with a name change, leadership reset, and relocated registered office. The financial turnaround from losses to profit is positive but the numbers are very small (sub-Rs. 10 lakhs quarterly PAT), so investors should watch the March 18 EGM outcome for final approvals before drawing conclusions on the stock.