Outcome of the Board Meeting held on Saturday, 04th April, 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Lexora Global Ltd approved a major restructuring exercise including a 4x increase in authorised capital from Rs. 10 crore to Rs. 40 crore and a stock split in the ratio of 10:1 (one share of Rs. 10 to be split into 10 shares of Rs. 1) to improve liquidity and affordability for retail investors. The Board approved raising funds up to Rs. 50 crore through a Rights Issue to existing shareholders. Borrowing limits under Section 180(1)(c) and investment limits under Section 186 were both raised to Rs. 500 crore, subject to shareholder approval. The company will also incorporate a wholly-owned subsidiary in the UAE and alter its object clause to enter the agro, agri, and food products business including spices, grains, oil seeds, and vegetables. Additionally, Mr. Ajay Kumar Agrawal was appointed as Company Secretary & Compliance Officer, and the corporate office was shifted from Andheri East, Mumbai to Rajkot, Gujarat. An EGM is scheduled for May 02, 2026 to seek shareholder approvals.
This is a significant transformation for shareholders - the stock split and rights issue together could meaningfully change shareholding patterns, while the move into agro/food business and UAE expansion signals a strategic pivot. The increased borrowing and investment limits (up to Rs. 500 crore each) suggest plans for aggressive growth or acquisitions. Existing shareholders should watch the rights issue terms closely as it will likely be priced at a discount to market value.