Lexoraa Industries Limited board of directors held a crucial meeting on March 9, 2026, approving several important corporate decisions including a substantial increase in authorized share capital and convening an Extra Ordinary General Meeting for shareholder approval. The company has officially communicated these decisions to BSE Limited in compliance with regulatory requirements.

Board Meeting Outcomes

The board meeting, conducted from 3:00 PM to 4:00 PM on March 9, 2026, addressed multiple strategic initiatives in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting was formally documented and communicated to BSE Limited with scrip code 531944.

Authorized Share Capital Enhancement

The most significant decision involved approving an increase in the company's authorized share capital structure:

This proposed increase represents a 150% expansion in the company's authorized share capital, requiring shareholder approval through an Ordinary Resolution and consequential amendment to the Capital Clause of the Memorandum of Association.

Extra Ordinary General Meeting Arrangements

The board approved several key arrangements for the upcoming Extra Ordinary General Meeting:

Memorandum of Association Amendment

Subject to shareholder approval, the company plans to substitute the existing Clause V of the Memorandum of Association. The new clause will reflect the enhanced authorized share capital of Rs. 50,00,00,000 divided into 5,00,00,000 equity shares of Rs. 10 each, as detailed in the official regulatory filing.

Corporate Compliance and Communication

The board meeting decisions align with regulatory requirements under SEBI listing regulations. The company, formerly known as Servoteach Industries Limited, has formally communicated these developments to BSE Limited and maintains its operations from Mumbai headquarters at IJMIMA Complex, Mind Space, Malad West. The official communication was signed by Director Nikita Kothari and submitted to the stock exchange for record.

Lexoraa Industries Limited (formerly known as Servoteach Industries Limited) has announced the appointment of Mr. Sam Sharda Fernandes as Chief Financial Officer, effective February 9, 2026. The decision was approved by the board of directors during their meeting held on February 9, 2026, following recommendations from the Nomination and Remuneration Committee.

Board Meeting Details

The board meeting commenced at 11:00 AM and concluded at 11:30 AM on February 9, 2026. The appointment was made in accordance with provisions of Section 203 of the Companies Act, 2013 and SEBI Listing Regulations. The company has informed BSE Limited about this development through an official communication.

Strategic Appointment

The company stated that Mr. Fernandes' appointment as Chief Financial Officer has been made to further strengthen the company's financial management and governance framework in line with its growing business operations. His experience and leadership are expected to support the company's financial functions and long-term growth strategy.

Professional Background

Mr. Sam Sharda Fernandes brings approximately 5 years of experience across multiple financial domains to his new role:

• Finance management
• Accounting practices
• Taxation expertise
• Auditing experience

Regulatory Compliance

The appointment details were disclosed in compliance with Regulation 30 of SEBI Listing Regulations and multiple SEBI circulars, including:

• SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023
• SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024
• SEBI Circular No. SEBI/HO/CFD/CFDPoD-2/CIR/P/2024/185 dated December 31, 2024

The company secretary, Monika Soni, signed the official communication digitally on February 9, 2026, at 11:41:23 AM. The appointment reflects the company's commitment to strengthening its financial leadership as it continues its business growth trajectory.