Promoters of Lexus Granito (India) Ltd have declared that no encumbrances were created on their shares during the financial year 2025-26. The disclosure ensures that the shareholding structure remains free from pledged or hypothecated securities, providing stability to the company's ownership base.

Anilbhai Babubhai Detroja, Promoter and Managing Director, submitted the declaration to the National Stock Exchange of India Limited and the company's Audit Committee on April 8, 2026. The filing was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which mandates periodic disclosures regarding share encumbrances by promoters.

The declaration covers all promoters and promoter group entities. The list of individuals and entities included in the disclosure was provided as Annexure A to the letter.

The following table details the promoters and promoter group members of Lexus Granito (India) Limited:

The confirmation of zero encumbrances indicates that the promoters' shareholding is unencumbered as of the end of the financial year 2025-26.

Lexus Granito (India) Limited returned to profitability in the financial year ended March 31, 2026, posting a net profit of ₹104.17 lakh compared to a net loss of ₹503.14 lakh in the previous year. The turnaround was driven by a significant reduction in total expenses, which fell to ₹7,348.49 lakh from ₹8,101.28 lakh in FY25, despite a decline in revenue from operations to ₹6,187.56 lakh from ₹7,525.03 lakh. The board of directors approved the audited financial results for the quarter and year ended March 31, 2026, at its meeting held on May 30, 2026.

Financial Performance

For the quarter ended March 31, 2026, the company reported a net loss of ₹65.47 lakh, a reversal from the profit of ₹52.48 lakh in the same quarter of the previous year. Revenue from operations for the quarter stood at ₹1,153.59 lakh, down from ₹2,096.91 lakh in Q4FY25. Total income for the year decreased to ₹7,438.53 lakh from ₹7,554.20 lakh in the prior year. The results were reviewed by the audit committee and audited by the statutory auditors, Keyur Shah & Associates, Chartered Accountants.

Capital Structure and Fund Utilization

During the period under review, the company issued and allotted 300,000 equity shares pursuant to the conversion of equity share warrants at an issue price of ₹45.20 per share. The balance 75% of the issue price, amounting to ₹1,01,70,000, was received during the quarter ended March 31, 2026. The paid-up equity share capital increased to ₹2,079.07 lakh as of March 31, 2026.

Funds raised through the preferential issue of convertible warrants were utilized for general corporate purposes, repayment of unsecured loans, and meeting working capital requirements. The company confirmed there was no deviation in the use of funds raised.

Segment Reporting and Related Party Transactions

The company derived its entire segment revenue of ₹1,153.59 lakh for the quarter and ₹6,187.56 lakh for the year from the India segment. Overseas revenue for the year stood at ₹130.91 lakh, with major contributions from Portugal and Israel.

Disclosures regarding related party transactions indicated loans given to key management personnel and relatives. The outstanding balance of loans to the Managing Director, Anilkumar Babulal Detroja, stood at ₹1,108.44 lakh as of March 31, 2026.