We hereby submitting the Notice of EOGM to be held on 31st March, 2026
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Lexoraa Industries Ltd has called an Extra Ordinary General Meeting (EOGM) on 31st March 2026 at 1:00 PM via video conferencing. Six resolutions are on the agenda, including: (1) Raising the limit for loans, guarantees and investments under Section 186 to up to Rs. 1,000 crore; (2) Increasing authorized share capital from Rs. 20 crore to Rs. 50 crore (a 2.5x jump, from 2 crore to 5 crore equity shares of Rs. 10 each); (3) Approving borrowing limits of up to Rs. 1,000 crore under Section 180(1)(c); (4) Approving creation of charge on company assets to secure borrowings up to Rs. 1,000 crore; (5) Approving loans/guarantees to specified persons including directors under Section 185; and (6) Approving related party transactions up to Rs. 1,000 crore for FY2025-26 to 2029-30. Book closure is from 25th March to 31st March 2026, with remote e-voting from 28th to 30th March 2026.
The resolutions point to major expansion and capital-raising plans. The 2.5x increase in authorized share capital signals potential future equity dilution, while the Rs. 1,000 crore borrowing ceiling and related party transaction approvals suggest significant leverage and possible dealings with related parties — shareholders should monitor closely and assess the board's plans before voting.