Lexoraa Industries Appoints Sam Sharda Fernandes as Chief Financial Officer

1 min read     Updated on 09 Feb 2026, 05:33 PM
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Reviewed by
Suketu GScanX News Team
Overview

Lexoraa Industries Limited appointed Mr. Sam Sharda Fernandes as Chief Financial Officer effective February 9, 2026, following board approval. The appointment aims to strengthen financial management and governance framework for growing business operations. Mr. Fernandes brings 5 years of experience in Finance, Accounting, Taxation, and Auditing. The decision was made in compliance with Companies Act, 2013 and SEBI Listing Regulations.

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*this image is generated using AI for illustrative purposes only.

Lexoraa 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.

Parameter: Details
Appointment Date: February 9, 2026
Meeting Duration: 11:00 AM to 11:30 AM
Regulatory Compliance: Section 203 of Companies Act, 2013 & SEBI Listing Regulations
Approval Authority: Board of Directors

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.

Historical Stock Returns for Lexoraa Industries

1 Day5 Days1 Month6 Months1 Year5 Years
-4.77%-2.85%+25.94%+19.94%-0.52%+438.08%

Lexoraa Industries Reports Quarterly Profit of ₹1.86 Lakhs in Q3FY26, Marks Recovery from Previous Quarter Loss

2 min read     Updated on 27 Jan 2026, 04:15 PM
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Reviewed by
Ashish TScanX News Team
Overview

Lexoraa Industries Limited reported a net profit of ₹1.86 lakhs in Q3FY26, recovering from a ₹10.08 lakhs loss in the previous quarter. Revenue declined to ₹116.17 lakhs from ₹278.79 lakhs quarter-over-quarter, but showed significant year-over-year growth from ₹55.46 lakhs. The nine-month performance revealed total revenue of ₹549.42 lakhs with a reduced net loss of ₹12.38 lakhs compared to ₹44.49 lakhs in the previous year. The Board approved these results on January 27, 2026, with the financial statements being subject to limited review by the company's auditors.

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*this image is generated using AI for illustrative purposes only.

Lexoraa Industries Limited has announced its financial results for the third quarter ended December 31, 2025, marking a significant turnaround with a return to profitability after posting losses in previous quarters. The company, formerly known as Servoteach Industries Limited, reported these results following a Board meeting held on January 27, 2026.

Financial Performance Overview

The company demonstrated a notable recovery in Q3FY26, achieving a net profit of ₹1.86 lakhs compared to a loss of ₹10.08 lakhs in the previous quarter (Q2FY26). This represents a significant improvement in operational efficiency despite facing revenue challenges during the quarter.

Financial Metric Q3FY26 Q2FY26 Q3FY25 Change (QoQ)
Revenue from Operations ₹116.17 lakhs ₹278.79 lakhs ₹55.46 lakhs -58.3%
Net Profit/(Loss) ₹1.86 lakhs (₹10.08 lakhs) (₹13.54 lakhs) Positive turnaround
Basic EPS ₹0.05 (₹0.26) (₹0.34) Improved

Revenue and Operational Analysis

While the company achieved profitability, revenue from operations declined significantly to ₹116.17 lakhs in Q3FY26 from ₹278.79 lakhs in the previous quarter. However, when compared to the same quarter in the previous year (Q3FY25), revenue showed substantial growth from ₹55.46 lakhs, indicating year-over-year improvement.

The company's expense management played a crucial role in achieving profitability. Total expenses for the quarter were ₹114.31 lakhs, primarily driven by purchase of stock-in-trade worth ₹114.40 lakhs. A positive change in inventories of ₹8.86 lakhs helped offset some operational costs.

Nine-Month Performance

For the nine months ended December 31, 2025, Lexoraa Industries reported comprehensive financial metrics that provide insight into the company's overall performance trajectory.

Parameter Nine Months FY26 Nine Months FY25 Year-over-Year Change
Total Revenue ₹549.42 lakhs ₹81.19 lakhs +576.7%
Net Loss (₹12.38 lakhs) (₹44.49 lakhs) Reduced loss
Basic EPS (₹0.31) (₹1.13) Improved

Corporate Governance and Compliance

The Board of Directors meeting was conducted at the company's registered office in Mumbai, commencing at 2:45 PM and concluding at 3:40 PM on January 27, 2026. The Board approved the unaudited financial results and the limited review report for Q3FY26.

Key approvals during the meeting included:

  • Unaudited financial results for the quarter ended December 31, 2025
  • Limited review report on the unaudited financial results
  • Compliance with Regulation 33 of SEBI (LODR) Regulations, 2015

Capital Structure and Share Information

The company maintains a stable capital structure with paid-up equity share capital of ₹422.96 lakhs, consisting of shares with a face value of ₹10 each. The earnings per share improved significantly to ₹0.05 in Q3FY26 from negative ₹0.26 in the previous quarter.

Auditor Review and Compliance

The financial results have been subject to limited review by Bakliwal & Co., Chartered Accountants (Registration No. 130381W). The auditors provided an unqualified review report, stating that nothing came to their attention that would suggest the financial statements were not prepared in accordance with Indian Accounting Standards (Ind AS) and regulatory requirements.

Historical Stock Returns for Lexoraa Industries

1 Day5 Days1 Month6 Months1 Year5 Years
-4.77%-2.85%+25.94%+19.94%-0.52%+438.08%

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1 Year Returns:-0.52%