Lexoraa Industries Limited has approved a fund-raising plan via a rights issue of equity shares for an amount not exceeding ₹69 crores. The decision was taken during a board meeting held on July 3, 2026, at the company's registered office. The issuance aims to raise capital by offering fully paid-up equity shares to eligible shareholders.

Rights Issue Details

The board approved the issuance of fully paid-up equity shares with a face value of ₹10 each at a premium of ₹5 per share. The total size of the issue is capped at ₹69 crores. The rights issue will be offered to eligible equity shareholders as on a record date, which is yet to be determined and notified by the company.

Regulatory Compliance

The fund-raising initiative is subject to regulatory and statutory approvals, including compliance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The meeting was conducted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The intimation regarding the outcome was submitted to BSE Limited on July 3, 2026. The communication was signed by Monika Soni, Company Secretary & Compliance Officer of Lexoraa Industries Limited.

Lexoraa Industries Limited's Secretarial Auditor, M/s G & J Associates, resigned effective June 29, 2026, citing that professional fees were not commensurate with the work performed. The firm communicated its decision to the Board of Directors, requesting immediate acceptance of the resignation from the financial year 2025-26. The company stated there were no material reasons for the resignation and that no concerns were raised regarding the management of Lexoraa Industries .

The resignation was intimated to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Lexoraa Industries confirmed that the Audit Committee and the Board would consider the appointment of new Secretarial Auditors in due course and would intimate the exchange accordingly.

Resignation Details

The company disclosed the specific details of the event in a regulatory filing. The table below outlines the key information regarding the change in the Secretarial Auditor.

The resignation letter submitted by CS Shubham Jain, Partner at M/s G & J Associates, explicitly referenced the discrepancy between fees and workload as the primary reason for stepping down. The firm expressed appreciation for the cooperation extended by the organization during its tenure.