ALPHA TRIBE

Lexoraa Industries LtdImportant, 09-03-2026: Company Update

09-03-2026 | 07:25 pm

Lexoraa Industries Limited will hold an Extra Ordinary General Meeting to seek shareholder approval for several key strategic initiatives. The company proposes to significantly increase its borrowing limit to up to ₹1,000 Crores, alongside empowering the Board to secure these borrowings by charging company assets. Shareholders will also vote on expanding the company's authorized share capital from ₹20 Crores to ₹50 Crores to facilitate future fundraising. Additionally, the EGM will address increasing the limit for inter-corporate loans and investments up to ₹1,000 Crores and approving related party transactions for goods and materials up to ₹1,000 Crores for the next five financial years. These measures aim to provide financial flexibility and support business growth.

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