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.

Lexoraa Industries Limited returned to profitability in the financial year ended March 31, 2026, reporting a net profit of ₹2.21 lakh compared to a net loss of ₹47.56 lakh in the previous year. The company’s total income for FY26 surged to ₹1,576.53 lakh, driven primarily by a strong performance in the fourth quarter, which contributed ₹1,027.11 lakh to the top line. The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 25, 2026.

The statutory auditors, Bakliwal & Co., issued an unmodified opinion on the standalone financial results, confirming compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The auditor's report verified that the financial statements present a true and fair view of the company's net profit and financial information for the period. The results were prepared in accordance with Indian Accounting Standards (Ind AS).

Financial Performance

The company’s turnaround was marked by a significant reduction in finance costs and improved operational efficiency. For the full year, profit before tax stood at ₹2.21 lakh, a reversal from the loss before tax of ₹47.56 lakh recorded in FY25. The earnings per share (EPS) for continuing operations improved to ₹0.06 in FY26 from a negative ₹1.21 in the previous year.

Quarterly and Annual Results

Cash Flow and Balance Sheet

Cash flow from operating activities improved significantly to ₹136.91 lakh in FY26 from a net outflow of ₹79.84 lakh in the previous year. This positive operational cash flow was partly offset by net cash used in financing activities of ₹123.02 lakh, largely due to the repayment of long-term borrowings amounting to ₹115 lakh. Consequently, cash and cash equivalents increased to ₹15.05 lakh as of March 31, 2026, from ₹1.16 lakh a year earlier.

On the balance sheet, total assets grew to ₹120.43 lakh as of March 31, 2026, up from ₹59.19 lakh in the prior year. Non-current liabilities decreased substantially to ₹21.35 lakh from ₹136.35 lakh, reflecting the reduction in long-term borrowings. The company’s equity and liabilities showed a net negative equity of ₹82.18 lakh, an improvement from the negative equity of ₹84.39 lakh in FY25.