Lexoraa Industries Approves Rights Issue for Equity Shareholders, Targeting Up to ₹69 Crores
Lexoraa Industries Ltd has announced plans for a rights issue, which was approved by its Board of Directors during a meeting held on Friday, July 3, 2026. The company is seeking funds through the issuance of fully paid-up equity shares to eligible equity shareholders.The proposed Rights Issue aims to raise up to ₹69 crores. The securities being offered are Equity Shares with a face value of 10/- each and carrying a premium of Rs. 5/- per share.
This corporate action will be executed in accordance with applicable laws.
Details regarding the securities planned for issuance, as specified by the company, are provided below:
| Particulars | Details |
|---|---|
| Type of securities proposed to be issued | Fully paid-up Equity Share with a face value of 10/- each and a premium of Rs. 5/- per share. |
| Type of issuance | Rights issue offered to the existing equity shareholders. |
| Total amount for which the securities will be issued (approximately) | Number of Equity Shares, in such ratio as decided by the Board/Rights Issue committee, for an amount not exceeding ₹69 crores. |
The approval pertains to Lexoraa Industries Ltd, formerly known as Servoteach Industries Limited. The company confirmed that there are no cancellations or terminations regarding this proposal.
Stock Price Movement
Lexoraa Industries Ltd settled on Friday at ₹22.99, marking a significant gain of 8.29%. The shares spent the trading session ranging between a low of ₹20.05 and an intraday high of ₹23.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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