Lexoraa Industries FY26 Net Profit ₹2.21 Lakhs

Key Quantitative Figures

Revenue from Operations: ₹1,576.48 lakhs (FY25: ₹336.12 lakhs)
Net Profit: ₹2.21 lakhs (FY25: Net loss of ₹47.56 lakhs)
Accumulated Losses: ₹505.14 lakhs (FY25: ₹507.34 lakhs)
Net Worth: Negative ₹82.18 lakhs (FY25: Negative ₹84.38 lakhs)
Paid-up Equity Share Capital: ₹392.90 lakhs (39,29,000 equity shares of ₹10 each)
Forfeited Shares: ₹30.06 lakhs (12,02,400 equity shares of ₹2.50 each)
Total Borrowings: ₹21.35 lakhs (FY25: ₹136.35 lakhs)
Cash and Cash Equivalents: ₹15.05 lakhs (FY25: ₹1.16 lakhs)
Earnings Per Share: ₹0.06 (FY25: Loss of ₹1.21 per share)

Dates of Action

AGM Date: Wednesday, 30th September 2026 at 01:00 PM via Video Conference
Cut-off Date for E-voting: Wednesday, 23rd September 2026
Remote E-voting Period: Sunday, 27th September 2026 (9:00 AM) to Tuesday, 29th September 2026 (5:00 PM)
Book Closure: Thursday, 24th September 2026 to Wednesday, 30th September 2026 (both days inclusive)
Financial Year: April 1, 2025 to March 31, 2026

Parties Involved

Stock Exchange: BSE Limited
Registrar & Share Transfer Agent: MUFG Intime India Private Limited
Statutory Auditors: M/s Bakliwal & Co., Chartered Accountants
Secretarial Auditors: M/s Jay Bhatt & Associates, Company Secretaries
Internal Auditors: M/s S.K. Lahoti & Co.
Bankers: State Bank of India

Business Operations and Strategy

The company has transitioned from its previous business of manufacturing, trading, and dealing in machinery and industrial products to focusing on:

1. Jewellery, Gems & Precious Metals - including gold, silver, diamonds, pearls, precious stones, bullion, and artefacts

2. Agro & Food Products - trading, import, export of agricultural, horticultural, and agro-based products

3. Manufacturing & Processing - continuing capabilities in machinery and industrial products

The management remains focused on strengthening operational efficiencies, enhancing revenue streams, and implementing cost optimization measures.

Capital Structure Changes

Authorized Share Capital: Increased from ₹20,00,00,000 to ₹50,00,00,000 divided into 5,00,00,000 equity shares of ₹10 each, approved at EGM on March 31, 2026
Rights Issue: Board approved raising up to ₹69 crores through Rights Issue at ₹18 per share (₹10 face value + ₹8 premium) on July 3, 2026
No change in issued, subscribed, and paid-up equity share capital during the year

Director Appointments and Changes

Appointments during FY26:

Mr. Rakesh Agrawal (DIN: 11094066) as Additional Director (Non-Executive Independent) from December 6, 2025
Ms. Preeti Vijayvargia (DIN: 11095253) as Additional Director (Non-Executive Independent) from December 6, 2025
Mr. Sam Sharda Fernandes (DIN: 02051319) as Additional Director (Executive) from April 30, 2026
Mrs. Monika Soni appointed as Company Secretary from October 28, 2025
Mr. Sam Sharda Fernandes appointed as CFO from February 9, 2026

Resignations during FY26:

Mr. Pranam Harish Mehta (Non-Executive Independent Director) resigned August 5, 2025
Mr. Rajesh Kumar Kothari (Non-Executive Independent Director) resigned December 5, 2025
Mr. Sagar B. Shah (Non-Executive Independent Director) resigned December 5, 2025
Mrs. Mamta Nilesh Kothari (CFO) resigned December 5, 2025
Mr. Kalpesh Chandrakant Joshi (Company Secretary) resigned August 5, 2025

AGM Agenda Items

Ordinary Business:

1. Adoption of audited standalone financial statements for FY 2025-26

2. Re-appointment of Mrs. Nikita D. Kothari (DIN: 07780991) who retires by rotation

Special Business:

3. Appointment of Mr. Rakesh Agrawal as Non-Executive Independent Director for 5 years

4. Appointment of Mr. Sam Sharda Fernandes as Executive Director & CFO

5. Appointment of Ms. Preeti Vijayvargia as Non-Executive Independent Director for 5 years

6. Appointment of M/s. Jay Bhatt & Associates as Secretarial Auditors for 5 years

Auditor Reports

Statutory Auditor's Report (M/s Bakliwal & Co.):

Unqualified opinion with emphasis on material uncertainty related to going concern
Company has accumulated losses of ₹505.14 lakhs and negative net worth of ₹82.18 lakhs
Auditor notes improved performance with revenue growth and net profit of ₹2.21 lakhs
Key audit matter: Assessment of going concern assumption

Secretarial Audit Report (M/s Jay Bhatt & Associates):

Company complied with applicable provisions of Companies Act, 2013, SEBI Regulations, and other laws
No instances of fraud reported by auditors

Material Events Post Balance Sheet Date

1. Acquisition of Subsidiary: Board approved acquisition of 100% equity shares of Any and Every Export Limited (Hong Kong company) on April 1, 2026

2. Rights Issue Approval: Board approved ₹69 crore Rights Issue on July 3, 2026

Financial Impact Assessment

Turnaround from net loss of ₹47.56 lakhs in FY25 to net profit of ₹2.21 lakhs in FY26
Significant revenue growth from ₹336.12 lakhs to ₹1,576.48 lakhs
Negative net worth position improved from ₹84.38 lakhs to ₹82.18 lakhs
Reduction in borrowings from ₹136.35 lakhs to ₹21.35 lakhs

Capital Structure Impact

No dilution during the year as no new shares were issued
Proposed Rights Issue may result in significant dilution upon completion
Increased authorized capital provides headroom for future fundraising

Cash Flow Implications

Net cash generated from operating activities: ₹136.90 lakhs
Net cash used in financing activities: ₹123.02 lakhs (mainly repayment of borrowings)
Net increase in cash: ₹13.88 lakhs

Governance and Compliance

Board met 10 times during the year with 100% attendance
All committees (Audit, Nomination & Remuneration, Stakeholders Relationship) functional
Company has adopted required policies including Vigil Mechanism, Whistle Blower, and Related Party Transactions
No material orders passed by regulators or courts impacting going concern status

Related Party Transactions

Interest paid to Director Nikita Kothari: ₹8.03 lakhs
Rent paid to Arham Overseas Limited: ₹2.05 lakhs
Remuneration to Nikita Kothari: ₹10.00 lakhs
Advance given to Lexoraa Bullions Private Limited: ₹54.99 lakhs

Contingent Liabilities

Income tax dispute for AY 2012-13: ₹14.90 lakhs

Forward-looking Statements

Management expects continued growth trajectory based on:

Stabilized business operations during the year
Last quarter revenue of ₹1,027.06 lakhs with net profit of ₹14.69 lakhs
Commitment from promoters to infuse additional funds as needed
Exploration of new business opportunities under revised business model