Notice and Annual report of the 30th Annual General meeting to be held on September 30, 2025
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Awaiting price reaction for this filing.
Lexoraa Industries Ltd (BSE: 531944) has notified the 30th Annual General Meeting to be held on September 30, 2025 at 3:00 PM via video conferencing. The cut-off date for e-voting eligibility is September 23, 2025, with remote e-voting open from September 27 (9:00 AM) to September 29, 2025 (5:00 PM). Key business items include adoption of FY2024-25 audited financials, re-appointment of Managing Director Anil Babubhai Mehta via rotation, and appointment of Mr. Sagar Bipinchandra Shah as Independent Director for a 5-year term (Aug 2025 – Aug 2030). Shareholders will also vote to appoint M/s G & J Associates as Secretarial Auditors for five years (FY2025-26 to FY2029-30) and to approve enhanced borrowing/investment limits of up to ₹250 Crores under Section 186 of the Companies Act. Additionally, the company is seeking ratification of ₹15 lakh remuneration paid to Non-Executive Director Nikita Kothari, of which ₹6 lakh excess was refunded due to inadequate profits.
Routine AGM agenda with no major red flags, though the ₹250 Crore investment/loan limit sought is materially large relative to the company's small-cap profile and may signal future expansion or acquisition plans. The excess remuneration refund tied to inadequate profits indicates weak profitability in FY2024-25. No material impact on share price expected from the meeting itself; watch voting results on Sept 30 for any dissent.