Lexoraa Industries Limited , a company listed on the Bombay Stock Exchange, has announced significant changes to its board structure and committee composition. The company has appointed two new Additional Directors in the category of non-executive Independent Directors, subject to shareholder approval.

New Board Appointments

Rakesh Agrawal and Preeti Vijayvargia have been appointed as Additional Directors for a five-year term, effective from December 6, 2025. These appointments are subject to approval by the company's shareholders.

Professional Background of New Directors

Rakesh Agrawal

• Chartered Accountant with over 8 years of experience
• Expertise in bank audits, taxation, and financial advisory services
• Currently a Partner at SARCS Associates

Preeti Vijayvargia

• Member of the Institute of Chartered Accountants of India and Institute of Company Secretaries of India
• Experienced in finance, audit, GST, legal, and tax planning

Board Committee Restructuring

Following these appointments, Lexoraa Industries has reconstituted its board committees to comply with regulatory requirements. The new structure of key committees is as follows:

Compliance and Governance

The company stated that these appointments and committee restructurings are in line with the requirements of the Companies Act, 2013 and SEBI (LODR) Regulations, 2015. Both new directors are not related to the Promoters or Promoter Group and have not been debarred from holding directorship by any regulatory authority.

Financial Context

While the primary focus of this announcement is on corporate governance, it's worth noting some key financial metrics of Lexoraa Industries Limited as of March 2025:

These figures suggest that the company is currently operating with negative equity, which may be a factor in the board's decision to bring in new independent directors with strong financial backgrounds.

The appointment of these experienced professionals to the board and the restructuring of key committees demonstrate Lexoraa Industries' commitment to enhancing its corporate governance practices. Shareholders and market observers will likely be watching closely to see how these changes impact the company's strategic direction and financial performance in the coming years.

Lexoraa Industries Limited, a company listed on the Bombay Stock Exchange (BSE: 531944), has released its unaudited financial results for the second quarter and half-year ended September 30, 2025. The report showcases a mixed financial performance with reduced losses and substantial revenue growth.

Financial Highlights

Key Takeaways

Reduced Losses

Lexoraa Industries has managed to significantly narrow its losses for the half-year period. The company reported a net loss of ₹14.42 lakh for the six months ended September 30, 2025, compared to a loss of ₹30.95 lakh in the corresponding period of the previous year.

Revenue Surge

The company witnessed a remarkable increase in its total income from operations. For the six-month period, Lexoraa Industries reported a total income of ₹433.25 lakh, a significant jump from ₹25.73 lakh in the previous year.

Quarterly Performance

For the second quarter alone, the company posted a marginal improvement in its bottom line. The net loss for Q2 FY2026 stood at ₹10.08 lakh, slightly better than the ₹10.48 lakh loss reported in the same quarter of the previous year.

Liquidity Position

Lexoraa Industries has significantly improved its cash position. As of September 30, 2025, the company's cash and cash equivalents stood at ₹50.31 lakh, a substantial increase from ₹1.16 lakh as of March 31, 2025.

Earnings Per Share

The basic earnings per share (EPS) for the six-month period was reported at negative ₹0.37, reflecting the company's current loss-making status.

The unaudited financial results were approved by the company's board of directors in a meeting held on November 7, 2025. The meeting, which took place at the company's registered office in Mumbai, commenced at 2:45 PM and concluded at 3:10 PM.

Lexoraa Industries, formerly known as Servoteach Industries Limited, has shown signs of financial improvement with its reduced losses and significant revenue growth. However, the company continues to operate at a loss.

Investors are advised to conduct their own research and consider their risk tolerance before making any investment decisions.