Lexoraa Industries regularizes directors, appoints secretarial auditor
- Lexoraa Industries approved its 31st AGM notice and Directors' Report for FY25
- Sam Sharda Fernandes appointed as Executive Director; two independent directors regularized
- M/s. Jay Bhatt & Associates appointed as Secretarial Auditors for five years
*this image is generated using AI for illustrative purposes only.
Lexoraa Industries approved the notice for its 31st annual general meeting and finalized several director appointments during its board meeting on September 7, 2026. The Mumbai-based company also regularized the appointments of two independent directors and appointed a new secretarial auditor.
The Board of Directors convened at its registered office in Malad West, Mumbai, commencing at 4:00 pm and concluding at 4:30 pm. The meeting was held pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Approvals
The board transacted the following matters during the session:
- Approval of the Directors' Report and Management Discussion and Analysis for the financial year ended March 31, 2025.
- Notice for convening the 31st Annual General Meeting via Video Conferencing or Other Audio-Visual Means.
- Re-appointment of Mrs. Nikita D. Kothari as a Non-Executive Non-Independent Director, retiring by rotation.
- Appointment of Sam Sharda Fernandes as an Executive Director.
- Regularization of Mr. Rakesh Agrawal and Preeti Vijayvargia as Independent Directors.
- Appointment of M/s. Jay Bhatt & Associates as Secretarial Auditors for a term of five years.
- Appointment of M/s. Jay Bhatt & Associates as Scrutinizer for the upcoming AGM.
- Engagement of CDSL for e-voting facilities.
Director Appointments
The board provided detailed profiles for the newly appointed and regularized directors:
| Name | Role | Experience | DIN |
|---|---|---|---|
| Rakesh Agrawal | Independent Director | Chartered Accountant with over 8 years experience in bank audits and taxation | 11094066 |
| Preeti Vijayvargia | Independent Director | Member of ICAI and ICSI; experience in finance, audit, and legal matters | 11095253 |
| Sam Sharda Fernandes | Executive Director | Around 5 years experience in Finance, Accounting, Taxation, and Auditing | 02051319 |
All three directors are not related to existing promoters and are not debarred from holding office by SEBI or other authorities.
Secretarial Audit Appointment
The board appointed M/s. Jay Bhatt & Associates, Practising Company Secretary (COP No: 28320), as the Secretarial Auditor. The firm will hold office from the conclusion of this Annual General Meeting until the conclusion of the AGM in FY2031-32. The appointment covers the secretarial audit of the company for a period of five years.
No relationship disclosures were noted between the director and the appointed auditors.
Historical Stock Returns for Lexoraa Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.36% | -0.53% | -5.16% | -8.80% | +3.05% | +363.01% |
How might the regularization of independent directors Rakesh Agrawal and Preeti Vijayvargia impact Lexoraa Industries' corporate governance ratings and investor confidence?
What strategic initiatives is the newly appointed Executive Director, Sam Sharda Fernandes, expected to prioritize in light of his finance and auditing background?
Could the five-year tenure of M/s. Jay Bhatt & Associates as Secretarial Auditor signal a long-term commitment to stricter compliance standards ahead of potential regulatory changes?
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