Lexoraa Industries Ltd Announces Rights Issue to Raise Funds up to ₹69 Crores
Lexoraa Industries Ltd, formerly known as Servoteach Industries Limited, has announced a corporate action following its Board meeting held on Friday, July 3, 2026. The company approved a rights issue intended to raise capital from its existing equity shareholders.The Board of Directors transacted and approved the fund raise by way of offering and issuing fully paid-up equity shares. The issuance is being conducted as a Rights Issue targeted at eligible equity shareholders as on the determined record date.
Key details regarding the proposed securities are as follows:
- Type of Securities: Fully paid-up Equity Shares
- Face Value per Share: ₹10/- each
- Premium per Share: ₹5/-
- Maximum Fund Amount: The issuance is capped at an amount not exceeding ₹69 crores.
The meeting, held at the company's registered office, commenced on Friday, July 3, 2026, at 03:00 P.M. and concluded by 04:00 P.M. with the vote of thanks.
The details concerning the proposed rights issue are summarized below for transparency:
| Particulars | Details |
|---|---|
| Type of Securities | Fully paid-up Equity Share (Face value ₹10/-, Premium ₹5/-) |
| Issuance Type | Rights issue to existing equity shareholders |
| Total Proposed Issue Amount | Not exceeding ₹69 crores |
Stock Price Movement
Lexoraa Industries Ltd settled at ₹22.99 in the post-market session, rallying sharply after marking an 8.29% gain. The shares traded within a significant intraday range, fluctuating between a low of ₹20.05 and a 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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