Enclosed herewith resignation of Independent Director with resignation letter.
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Lexoraa Industries Ltd held a board meeting on 5 August 2025 with several key decisions. Independent Director Pranam Harish Mehta (DIN: 05154693) resigned citing pre-occupation and personal commitments, and Company Secretary & Compliance Officer Kalpesh Chandrakant Joshi also stepped down the same day. To fill the vacancy, Mr. Sagar Shah (DIN: 08663318) was appointed as Additional Non-Executive Independent Director for a 5-year term, subject to shareholder approval. The board also approved the Q1 FY26 standalone results, showing total income of ₹154.46 lakhs and a net loss of ₹4.16 lakhs (EPS of ₹-0.11), compared to zero revenue in Q1 FY25. The Audit, Stakeholder Relationship, and Nomination & Remuneration Committees were reconstituted, and GMJ & Associates was appointed as Secretarial Auditor for FY 2024-25.
Two key managerial personnel exiting on the same day (an Independent Director and the Company Secretary) may raise short-term governance concerns for shareholders, though a replacement Independent Director has already been appointed and committees rebalanced. The return to revenue in Q1 FY26 after a nil-revenue comparable quarter is a small positive, but the company continues to report losses.