Outcome cum proceeding of Extra Ordinary General Meeting held on May 02,2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lexora Global Ltd held an EGM on May 2, 2026 via video conferencing, chaired by Whole-time Director and CFO Mr. Alakh V Mangroliya. The meeting was attended by 21 members including promoters. Seven resolutions were taken up for shareholder approval: (1) Increase in authorised capital (ordinary resolution), (2) Enhanced borrowing powers under Section 180(1)(c) (special resolution), (3) Creation of charges/mortgages on assets under Section 180(1)(a) (special resolution), (4) Investment/loan/guarantee limits under Section 186 (special resolution), (5) Alteration of Object Clause in MOA (special resolution), (6) Stock split from Rs.10 to Rs.1 face value (ordinary resolution), and (7) Adoption of new MOA (special resolution). Voting was conducted via remote e-voting (April 29 - May 1, 2026) and e-voting during the EGM, scrutinised by CS Abhishek Chhajed. Results will be communicated post receipt of scrutiniser's report.
The stock split from Rs.10 to Rs.1 face value will increase the number of shares, making them more affordable for retail investors and potentially improving liquidity. The increase in authorised capital and borrowing powers indicates the company is preparing for future expansion or funding needs, which could be positive for long-term shareholders.