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Lexoraa Industries Ltd has informed the BSE that two Independent Directors and its Chief Financial Officer have resigned, all effective from the close of business hours on 5 December 2025. The two Independent Directors are Rajesh Kumar Kothari (DIN 10174698) and Sagar Shah (DIN 08663318), and the CFO & Key Managerial Personnel is Mamta Nilesh Kothari. Mr. Kothari also stepped down as Chairman of the Audit Committee, Stakeholder Relationship Committee and Nomination & Remuneration Committee, while Mr. Shah ceased to be a member of those committees. The directors cited pre-occupation with other business and personal commitments, while the CFO resigned to pursue further growth opportunities. All three confirmed that there are no other material reasons beyond those stated in their resignation letters.
The simultaneous exit of both Independent Directors and the CFO on the same day significantly weakens the board's composition and key financial oversight at Lexoraa Industries, raising governance concerns for shareholders. With the Audit Committee chairman also departing, the company faces potential listing-compliance challenges and heightened stock-price risk until replacements are appointed.