Lexoraa Industries reported a net profit of ₹2.21 lakh for the financial year ended March 31, 2026, marking a reversal from the net loss of ₹47.56 lakh recorded in the previous year. The company’s revenue from operations surged 370% year-on-year to ₹1,576.48 lakh, driven by its strategic transition into the jewellery and agro-food sectors.

The Mumbai-based company convened its 31st Annual General Meeting on September 30, 2026, to approve the annual accounts and appoint new directors. Shareholders are expected to vote on the reappointment of Mrs. Nikita D. Kothari and the appointment of Mr. Rakesh Agrawal and Ms. Preeti Vijayvargia as independent directors.

Financial Performance

Lexoraa Industries demonstrated significant top-line growth in FY26 compared to FY25. The company recorded total revenue of ₹1,576.53 lakh, up from ₹336.12 lakh in the prior year. Despite the revenue surge, total expenditure rose to ₹1,574.31 lakh from ₹383.68 lakh, resulting in a slim profit before tax of ₹2.21 lakh.

The company did not declare any dividend for the period ended March 31, 2026. No amount was transferred to reserves during the year.

What the Numbers Show

While revenue growth was substantial, the company’s balance sheet remains under pressure. Lexoraa Industries reported accumulated losses of ₹505.14 lakh as of March 31, 2026, leading to a negative net worth of ₹82.18 lakh. The statutory auditor highlighted a material uncertainty regarding the company’s ability to continue as a going concern, noting that the financial statements were prepared on a going concern basis despite the eroded net worth.

Strategic Developments

Post the financial year close, the Board approved a rights issue aggregating up to ₹69 crore. The offer involves issuing fully paid-up equity shares at a price of ₹15 per share to eligible shareholders. Additionally, the company acquired 100% equity shares of Any and Every Export Limited, a Hong Kong-incorporated entity, making it a wholly owned subsidiary.

Governance Changes

The AGM agenda includes significant changes to the Board composition:

• Reappointment: Mrs. Nikita D. Kothari retires by rotation and seeks reappointment.
• New Appointments: Mr. Rakesh Agrawal and Ms. Preeti Vijayvargia are proposed as Non-Executive Independent Directors for five-year terms.
• Executive Role: Mr. Sam Sharda Fernandes is set to be appointed as Executive Director and Chief Financial Officer.

The company also appointed M/s. Jay Bhatt & Associates as its Secretarial Auditor for five years.

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:

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.