Lexora Global has scheduled its 41st Annual General Meeting (AGM) for September 29, 2026, to adopt the audited financial statements for FY26. The company reported a consolidated net profit of ₹14.01 lakh, reversing a net loss of ₹24.06 lakh in the previous year, driven by operational revenue from its wholly-owned subsidiary.

The AGM will convene via Video Conferencing/Other Audio-Visual Means (VC/OAVM). Shareholders can exercise their voting rights through remote e-voting from September 26 to September 28, 2026. The record date for determining eligibility to attend and vote is September 22, 2026.

Financial Performance

The consolidated results reflect the integration of Solarfusion Renewables Private Limited, which became a 100% subsidiary during the year. The standalone entity continued to report no revenue from operations.

The consolidated revenue of ₹19.45 lakh stems entirely from the subsidiary's operations in the renewable energy sector. Other income increased to ₹1.87 lakh from ₹0.01 lakh in the prior year, primarily comprising interest income.

What the Numbers Show

The divergence between standalone and consolidated figures highlights the strategic shift toward renewable energy operations. While the holding company incurred a standalone loss of ₹2.51 lakh against minimal other income of ₹0.10 lakh, the subsidiary generated sufficient operating profit to turn the group result positive. The consolidated tax expense of ₹1.55 lakh reflects the profitability of the subsidiary, whereas the standalone entity reported no tax liability due to its accumulated losses.

Corporate Governance and Board Changes

The Board of Directors has undergone significant changes during FY26. Mr. Vinubhai Nanjibhai Vekaria was appointed as Managing Director, while Mr. Alakh Vasantbhai Mangroliya serves as Chief Financial Officer. Several independent directors resigned or were appointed during the year, including Ms. Riddhi Ankit Virpariya and Mr. Chandresh Chhaganbhai Kyada.

Mr. Manan Pavankumar Trivedi, a Whole-time Director, retires by rotation and seeks reappointment at the AGM. He holds an 8.40% stake in the company and has over 10 years of experience in renewable energy structuring and financial modeling.

Capital Structure and Subsidiaries

The company increased its issued, subscribed, and paid-up equity share capital to ₹10 crore through a preferential issue of 7 million shares at ₹12 per share. The authorized share capital was also raised to ₹40 crore.

Solarfusion Renewables Private Limited remains the sole subsidiary, engaged in the supply, installation, and commissioning of solar power systems. The group has no joint ventures or associate companies. No dividend is recommended for the current financial year.

Lexora Global Limited has appointed M/s Jitesh Patel & Associates as its secretarial auditors for a five-year term. The board also scheduled the company’s 41st annual general meeting for late September.

The board of directors held its meeting on September 5, 2026, to approve the appointment and fix the remuneration subject to member approval at the ensuing AGM. The decision aligns with Section 204 of the Companies Act, 2013, and Regulation 24A of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Appointment Details

The appointment covers the period from FY26-27 to FY30-31. Jitesh J. Patel, an Associate Member of the Institute of Company Secretaries of India, leads the firm. He holds an MBA in Finance Management from IGNOU, along with LL.B. and B.Com qualifications.

Patel has practiced as a Company Secretary since July 2016. His prior experience includes senior roles at Plastene India Ltd., Adani Enterprises Limited, and M. S. Khurana Engineering Ltd. His expertise spans corporate governance, FEMA/RBI compliances, and regulatory liaison.

Annual General Meeting

The board fixed the date for the 41st AGM on Tuesday, September 29, 2026, at 5:00 pm. The meeting will be conducted through video conferencing or other audio-visual means. M/s Jitesh Patel & Associates was also appointed as the scrutinizer for the e-voting process.

The board approved the director’s report along with its annexures and the notice calling the AGM. The meeting commenced at 2:00 pm and concluded at 3:00 pm.