BAORD MEETING OUTCOME FOR APPOINTMENT OF INDEPENDENT DIRECTORS
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On 6th December 2025, the Board of Lexoraa Industries Ltd approved the appointment of two Independent Directors: Rakesh Agrawal (DIN: 11094066) and Preeti Vijayvargia (DIN: 11095253), both as Non-Executive Additional Independent Directors for a 5-year term. Rakesh Agrawal is a Chartered Accountant with over 8 years of experience in bank audits, taxation, and financial advisory, currently a Partner at SARCS & Associates. Preeti Vijayvargia is a member of ICAI and ICSI with experience in finance, audit, GST, tax planning, and legal consultancy. Neither director is related to the promoters and neither is debarred by SEBI. The appointments are subject to shareholder approval. The Board also reconstituted the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee, with the new appointees chairing or joining each committee.
The addition of two qualified professionals (both Chartered Accountants with relevant audit and tax expertise) to the Board and key committees is a positive governance move that should strengthen oversight. Shareholders will need to approve the appointments, but the move signals better compliance and independent scrutiny going forward.