Lexoraa Industries Appoints Sam Sharda Fernandes as Chief Financial Officer
Lexoraa Industries Limited has officially appointed Mr. Sam Sharda Fernandes as Chief Financial Officer with effect from February 9, 2026, as approved by the board of directors following recommendations from the Nomination and Remuneration Committee. The appointment was made to strengthen the company's financial management and governance framework, with Mr. Fernandes bringing approximately 5 years of experience in finance, accounting, taxation, and auditing to support the company's growth strategy.

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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.
| 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 |
| BSE Scrip Code: | 531944 |
| BSE Scrip ID: | LEXORAA |
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 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.51% | -5.18% | +2.63% | -5.59% | +32.63% | +440.31% |





























