We hereby Submitting the NOTICE of EOGM to be held on 31st March, 2026
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Lexoraa Industries has called an Extra Ordinary General Meeting (EOGM) on 31st March 2026 at 1:00 PM via video conferencing, with book closure from 25th to 31st March 2026 and remote e-voting open from 28th to 30th March 2026. The EGM seeks shareholder approval (through several special and ordinary resolutions) to: (1) raise the Section 186 limit for loans, guarantees and investments up to Rs. 1,000 crore; (2) increase authorized share capital from Rs. 20 crore (2 crore equity shares) to Rs. 50 crore (5 crore equity shares of Rs. 10 each); (3) raise the borrowing limit under Section 180(1)(c) up to Rs. 1,000 crore; (4) permit mortgaging/pledging company assets to secure borrowings up to Rs. 1,000 crore under Section 180(1)(a); (5) allow loans or guarantees to specified persons (subsidiaries/associates/JVs where directors are interested) under Section 185; and (6) approve related party transactions for purchase and sale of goods/material up to Rs. 1,000 crore per year for FY 2025-26 to FY 2029-30. The cut-off date for e-voting eligibility is 24th March 2026.
This is a significant capital-structure expansion — the company is seeking a 2.5x increase in authorized share capital (from Rs. 20 cr to Rs. 50 cr) and broad approval for up to Rs. 1,000 cr each in borrowing, investments, asset pledging and related-party dealings, strongly hinting at upcoming fundraising, acquisitions or aggressive business expansion. Shareholders should review these enabling resolutions carefully, as they give the board wide financial latitude and could lead to equity dilution or increased leverage if the new powers are utilised.