we hereby submitting the outcome of EOGM held on 31st March, 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lexoraa Industries held an Extra-Ordinary General Meeting on 31st March 2026 via video conferencing, lasting just 10 minutes (1:00 PM to 1:10 PM) with 62 members attending. Six resolutions were transacted, including raising the limits for giving loans and investments under Section 186, increasing the authorised share capital with a corresponding amendment to the MOA, approving higher borrowing limits under Section 180(1)(c), permitting security creation for borrowings under Section 180(1)(a), allowing loans or guarantees to specified persons under Section 185, and approving related party transactions under Section 188. Four of the six resolutions required a special majority, indicating these are significant corporate authorisations. The meeting was chaired by Managing Director Anil Mehta Babubhai, with Company Secretary Monika Soni acting as compliance officer and Jay Bhatt serving as scrutinizer. Voting was conducted electronically through CDSL, with the cut-off date set at 24th March 2026 and remote e-voting from 28th to 30th March 2026. Detailed voting results were not included in this filing and are expected in a separate submission.
These resolutions collectively give the company much wider financial flexibility, including the ability to raise additional debt, expand its lending or investment activities, and enter into related party deals. The increase in authorised share capital is particularly notable as it typically precedes a potential equity issuance, which could lead to dilution for existing shareholders. Investors should watch for the scrutinizer's report with voting results and any subsequent announcements explaining the purpose behind these expanded powers, especially the related party transaction approval which warrants close monitoring.