Lexora Global Ltd Management Discussions

Industry Structure and Developments:

The Company presently does not have any significant standalone business operations. However, its subsidiary is engaged in business activities and has contributed positively to the overall performance of the Group. Accordingly, the consolidated financial results of the Company reflect the operational performance of its subsidiary and are comparatively better than the standalone results.

The management continues to evaluate various business opportunities and strategic alternatives suitable to the Companys size, resources and available manpower. The Company will take appropriate decisions from time to time, keeping in view the prevailing market conditions and the long-term interests of the Company and its stakeholders.

During the financial year under review, the Company did not undertake any significant business or commercial activities in relation to its main objects. The Companys main objects primarily relate to the generation, development, production, distribution and supply of power and electrical energy from conventional and renewable sources, as well as the establishment, operation, maintenance, renovation and modernization of power and renewable energy projects and allied infrastructure.

Accordingly, the Company did not generate any revenue from operations during the year under review and its operational financial results remained Nil. The management continues to evaluate suitable and commercially viable opportunities in the power and renewable energy sector and may commence appropriate business activities in the future, subject to market conditions, availability of resources, commercial viability and necessary statutory and regulatory approvals.

The Company continues to monitor developments in the power and renewable energy sector and remains committed to adopting a prudent approach towards future business opportunities. Since the Company has not undertaken significant commercial operations during the year, the risks associated with operational activities were limited. Appropriate internal controls are maintained commensurate with the present scale and nature of the Companys activities.

The Companys future performance will depend, inter alia, upon its ability to identify and implement commercially viable projects, prevailing market conditions, regulatory developments, availability of finance and other factors affecting the power and renewable energy industry.

Business Operations

During the financial year under review, the Company did not undertake any significant business or commercial operations in relation to its main objects. Accordingly, the Company did not generate any operating revenue during the year.

The Company continues to evaluate suitable business opportunities in the power and renewable energy sector and may undertake appropriate activities in the future, subject to availability of viable opportunities, financial resources, market conditions and necessary statutory and regulatory approvals.

Opportunities and Threat:

The Indian market continues to offer opportunities across various sectors. The Company is exploring suitable opportunities for business expansion and diversification, taking into consideration its financial resources, manpower and risk appetite.

The Company is also evaluating various options for raising funds to support its future business plans. The Board may consider engaging Merchant Bankers, Investment Bankers or other professional advisors to evaluate and advise on suitable fund-raising options.

Currently, the Company has only one products/ segments of securities trading.

Outlook:

The management continues to examine various viable business opportunities and strategic options for the future growth of the Company. While the Company currently has limited standalone operations, the performance of its subsidiary provides a positive contribution to the consolidated results. The Company will continue to evaluate opportunities prudently and take suitable decisions in the best interests of its stakeholders.

Risks and Concerns:

The Company is exposed to various risks relating to market conditions, economic uncertainties, regulatory changes, competition and liquidity requirements. The management regularly evaluates such risks and will take appropriate measures to mitigate their potential impact on the Companys operations and financial performance.

Internal control System and their adequacy:

The Company has adequate internal control systems and procedures commensurate with the nature and scale of its present operations. The controls are reviewed periodically by the management and are strengthened or modified, wherever necessary, to meet changing business requirements and ensure effective operations and compliance.

Financial performance with respect to operational performance:

During the year under review, the Companys standalone operations remained limited. However, the consolidated financial performance was satisfactory, supported by the operational contribution of its subsidiary. The improvement in consolidated results reflects the positive performance of the subsidiary and its contribution to the overall financial position of the Group. The comparative financial performance of the Company for the current and previous financial year is provided below:

(In Lakhs)

Particulars	Standalone 2025-26	Standalone 2024-25	Consolidated 2025-26	Consolidated 2024-25
Revenue from Operations	-	-	1944.66	-
Other Income	9.50	0.01	18.72	0.01
Total Income	9.50	0.01	1963.37	0.01
Depreciation & Amortisation	-	-	0.53	-
Profit before Tax	-25.10	-24.06	29.46	-24.06
Total Tax Expenses	-	-	15.45	-
Net Profit	-	-	14.01	-
Earnings Per Equity Share (in Rs.) Basic	-1.78	-3.42	0.14	-9.82
Earnings Per Equity Share (in Rs.) Diluted	-1.78	-3.42	0.14	9.82

Human resources/Industrial Relations front:

The Board is keen to have a fully equipped Human Resource Department, once the business activity is resumed/started in a normal way. During the year under review, since, there were no business activities and manpower utilization was meagre, there was no such department.

Disclosure of Accounting Treatment:

Detailed disclosure of accounting treatment during the year 2025-26 has been made in Notes to accounts of the financials.

Caution:

The views expressed in the Management Discussions and Analysis are based on available information, assessments and judgment of the Board. They are subject to alterations. The Companys actual performance may differ due to national or international ramifications, government regulations, policies, Tax Laws, and other unforeseen factors over which the Company may not have any control.

VINUBHAINANJIBHAI VEKARIA

Managing Director

DIN: 00162650

MANAN PAVANKUMAR TRIVEDI

Whole time Director

DIN: 09459126