Lexoraa Industries Re-designates CFO Sam Sharda Fernandes as Executive Director
Lexoraa Industries Limited announced the re-designation of Mr. Sam Sharda Fernandes from Chief Financial Officer to Executive Director & CFO, effective April 30, 2026. The appointment was approved by the Board of Directors based on the Nomination and Remuneration Committee's recommendation and is subject to shareholder approval. Mr. Fernandes, who has approximately 5 years of experience in Finance and Business Management, will serve as Additional Director (Executive) until the next General Meeting. The company has complied with all SEBI regulatory requirements and communicated the changes to BSE Limited for proper disclosure.
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Lexoraa Industries Limited announced a significant leadership restructuring with the re-designation of its Chief Financial Officer to an executive director role. The Board of Directors approved this strategic appointment during their meeting held on April 30, 2026.
Board Meeting Outcome and Approval Details
The Board of Directors of Lexoraa Industries Limited (formerly known as Servoteach Industries Limited) approved the re-designation of Mr. Sam Sharda Fernandes (DIN: 02051319) as an Additional Director in the Executive Director category, effective April 30, 2026. The board meeting commenced at 11:00 A.M. and concluded at 12:45 P.M. on April 30, 2026.
| Parameter: | Details |
|---|---|
| Director Name: | Mr. Sam Sharda Fernandes |
| DIN: | 02051319 |
| Effective Date: | April 30, 2026 |
| New Designation: | Executive Director & Chief Financial Officer |
| Previous Role: | Chief Financial Officer |
| Company CIN: | L28933MH1994PLC081857 |
| BSE Scrip Code: | 531944 |
Appointment Framework and Governance
The re-designation was based on the recommendation of the Nomination and Remuneration Committee, demonstrating adherence to corporate governance practices. Mr. Fernandes will serve as an Additional Director (Executive) and hold office up to the next General Meeting, subject to shareholder approval. This appointment represents a change in designation from CFO to Executive Director & CFO, expanding his leadership responsibilities within the organization.
Professional Background and Experience
Mr. Sam Sharda Fernandes brings approximately 5 years of experience in Finance and Business Management to his expanded role. His transition from CFO to Executive Director & CFO represents a strategic enhancement of his responsibilities within the organization's leadership structure, reflecting the company's confidence in his capabilities.
Regulatory Compliance and Disclosure
The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The appointment details have been communicated to BSE Limited in accordance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, ensuring full regulatory compliance. The formal communication was signed by Managing Director Anil Mehta Babubhai (DIN: 02979904) and submitted to BSE for record and website dissemination.
Historical Stock Returns for Lexoraa Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +9.66% | +6.76% | +6.58% | +31.67% | +47.94% | +509.57% |
What strategic initiatives might Lexoraa Industries pursue with expanded executive leadership structure?
How will the dual CFO-Executive Director role impact the company's financial decision-making processes?
What are the market expectations for Lexoraa's performance following this leadership enhancement?
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