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The board of Lexoraa Industries Ltd met on 9th March 2026 and approved convening an Extra Ordinary General Meeting (EOGM) via video conferencing. It appointed M/s. Jay Bhatt & Associates as the scrutinizer and CDSL as the e-voting facilitator for the EOGM. The key decision was approving an increase in authorised share capital from Rs. 20 crore (2 crore equity shares of Rs. 10 each) to Rs. 50 crore (5 crore equity shares of Rs. 10 each), a 150% rise. This increase is subject to shareholder approval through an ordinary resolution and will require amending the Capital Clause of the Memorandum of Association. No actual fundraising, dividend, or share issuance decision has been announced yet.
The increase in authorised share capital is a preparatory step that gives the company room to issue more shares in the future, possibly for fundraising, expansion, or acquisitions. Existing shareholders should watch the upcoming EOGM closely, as further dilution-related decisions may follow, though no immediate impact on shareholding is expected.