Lexora Global Ltd Directors Report

To,
The Shareholders,
Lexora Global Limited
(Formerly Known as Yash Trading and Finance Limited)

Your Directors are pleased to present the 41st Annual Report on the business performance and operations of your Company together with the Audited Financial Statements and the Auditors Report for the financial year ended 31st March, 2026.

HIGHLIGHTS OF FINANCIAL PERFORMANCE

(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

RESULTS OF OPERATIONS AND THE STATE OF COMPANYS AFFAIRS:

The Key highlights pertaining to the business operations of the Company for the year 2025-26 have been given hereunder:

For Standalone (Amount in Lakhs):

The total revenue from operation of the Company during the financial year 2024-25 and 2025-26 is Rs. 0. The Company has net loss of the company during the financial year 2025-26 is Rs. 25.10 against the previous years net loss of Rs 24.06.

For Consolidated (Amount in Lakhs):

The total revenue from operation of the Company during the financial year 2025-26 is Rs. 1944.66 against the previous years revenue of Rs. 0. The Company has net profit of the company during the financial year 2025-26 is Rs. 14.01 against the previous years net loss of Rs 24.06.

Your directors are optimistic about the Companys business and hopeful of better performance with increased revenue and profit in the coming year.

Overview

The companys Financial Statements have been prepared in compliance with the Indian Accounting Standards (IndAS) as notified under the Companies (Indian Accounting Standards) Rules, 2015, in accordance with Section 133 of the Companies Act, 2013, and other applicable provisions of the Act. The annual accounts have been prepared without any significant deviations from the prescribed accounting norms.

The company ensures timely adoption of new or amended Ind-AS as applicable, and any material impact arising from such changes is appropriately disclosed in the financial statements. The financial reporting process involves a thorough review by the finance team and consultation with external auditors to ensure adherence to statutory requirements.

1. To carry on the business in India and abroad to generate, develop, accumulate, produce, manufacture, purchase, process, transform, distribute, transmit, sell, supply, sub-contract, exchange or otherwise deal in all kinds of power or electrical energy from various sources including but not limited to coal, lignite, petroleum products, wind, solar, renewable energy, wave, tidal, hydro, thermal, or any other form of energy generated through Nonconventional/Renewable Energy and any other products or byproducts derived from such business and to establish, commission, maintain, set up and operate power plants, wind turbines, power stations, solar and renewable energy facilities, as well as manufacture, install and operate all necessary machinery and infrastructure related to power generation and distribution.

DIVIDEND:

Considering the anticipated funding requirements of the Company for its upcoming projects and the need to maintain a sound financial position, the Board of Directors has deemed it appropriate not to recommend any dividend for the period under review.

The Company has in place a Dividend Distribution Policy duly approved by the Board of Directors pursuant to Regulation 43A of the Listing Regulations. The Policy provides a framework for determining the distribution of dividend by taking into account various internal and external factors, including the financial position and other relevant financial parameters of the Company. It also sets out the circumstances in which dividend may or may not be declared and the manner in which the retained earnings may be deployed for the Companys future requirements.

TRANSFER TO RESERVES

Your Directors do not propose transferring any amount to General Reserves for the year under review.

CHANGE IN THE NATURE OF BUSINESS, IF ANY

There was change in the nature of business of the Company during the year. The Main Objects of the Company as on 31.03.2026 were

1. To carry on the business in India and abroad to generate, develop, accumulate, produce, manufacture, purchase, process, transform, distribute, transmit, sell, supply, sub-contract, exchange or otherwise deal in all kinds of power or electrical energy from various sources including but not limited to coal, lignite, petroleum products, wind, solar, renewable energy, wave, tidal, hydro, thermal, or any other form of energy generated through Nonconventional/Renewable Energy and any other products or byproducts derived from such business and to establish, commission, maintain, set up and operate power plants, wind turbines, power stations, solar and renewable energy facilities, as well as manufacture, install and operate all necessary machinery and infrastructure related to power generation and distribution.

2. To carry on the business of maintenance and renovation and modernization of renewable energy projects / renewable energy systems, Power Stations, Gas Turbine, Wind Farms Projects and also to undertake the business of other allied and ancillary industries including those for utilization, sale and supply of steam and ash generated at power stations and other byproducts and install, operate and manage all necessary plants, items equipment, cables, wires, lines, establishments works in India and abroad.

3. To carry out in India or elsewhere the business of maintaining power generation using solar power, fossil and alternate source of energy and act as owners, manufacturers, engineers, procurers, buyers and sellers, distributors, dealers and contractors for setting up of power plants using glass based mirrors, photovoltaic, boilers, turbine, forge parts/components and/or other equipment for generating, distributing, purchasing, selling, trading, importing and exporting and otherwise dealing in and supplying of electricity and other products using solar, fossil and alternate source of energy under conditions direct ownership or through its affiliate, associate or subsidiaries.

CHANGE IN NAME OF THE COMPANY:

During the Financial Year under review, the Company has changed its name from YASH TRADING AND FINANCE LIMITED to LEXORA GLOBAL LIMITED, which was approved by Directors in the Board meeting held on February 14, 2026 and later approved by shareholders in the EGM held on March 18, 2026.

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS:

The company has neither given any loans or guarantees nor made any investments as covered under the provisions of section 186 of the Companies Act, 2013 during the financial year 2025-26.

DEPOSITS:

The Company has not accepted any deposits within the meaning of Section 73 of the Companies Act, 2013 and the Companies (Acceptance of Deposits) Rules, 2014 during the said financial year.

During the year ended March 31, 2026, the Company has entered into any of the contracts and arrangements with a related parties covered under section 188 of the Companies Act, 2013. During the year, the Company had entered various contract / arrangement / transaction with related parties which are mentioned in Form AOC-2 as Annexure - II.

MATERIAL DEVELOPMENTS IN HUMAN RESOURCES/INDUSTRIAL RELATIONS FRONT:

Training in all sectors is given to its employees periodically and motivated to work in line with the development of the industry. The willingness and commitment of the employees help the company to stand tall among its customer in quality and service.

INCREASE IN ISSUED, SUBSCRIBED AND PAID-UP EQUITY SHARE CAPITAL

During the year under review, the Company increased its Issued, Subscribed and Paid-up Equity Share Capital pursuant to the Preferential Issue and Allotment of Equity Shares. The Board of Directors, at its meeting held on 09th April, 2025, approved the Preferential Issue and Allotment of 70,00,000 (Seventy Lakhs) Equity Shares of face value of Rs. 10/- each at an issue price of Rs. 12/- per Equity Share, subject to the approval of the shareholders and applicable statutory authorities. The said Preferential Issue was subsequently approved by the shareholders at the Extra-Ordinary General Meeting held on 15th May, 2025.

Accordingly, pursuant to the aforesaid Preferential Issue and Allotment, the Issued, Subscribed and Paid-up Equity Share Capital of the Company increased from Rs. 3,00,00,000/- (Rupees Three Crores Only) comprising 30,00,000 (Thirty Lakhs) Equity Shares of Rs. 10/- each to Rs. 10,00,00,000/- (Rupees Ten Crores Only) comprising 1,00,00,000 (One Crore) Equity Shares of Rs. 10/- each.

Further, the Board of Directors, at its meeting held on 04th April, 2026, proposed to increase the Authorised Share Capital of the Company from Rs. 10,00,00,000/- (Rupees Ten Crores Only) divided into 1,00,00,000 (One Crore) Equity Shares of Rs. 10/- each to Rs. 40,00,00,000/- (Rupees Forty Crores Only) divided into 4,00,00,000 (Four Crores) Equity Shares of Rs. 10/- each. The proposed increase in Authorised Share Capital and consequential alteration in the Capital Clause of the Memorandum of Association were approved by the shareholders at the Extra-Ordinary General Meeting held on 02nd May, 2026, and the Memorandum of Association was altered accordingly.

LISTING OF EQUITY SHARES

The Companys equity shares are listed on the following Stock Exchange:

(i) BSE Limited - Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001, Maharashtra, India with Scrip code - 512345.

SUBSIDIARIES, ASSOCIATES AND JOINT VENTURE COMPANIES

During FY 2025-26, M/s. Solarfusion Renewables Private Limited became a 100% subsidiary of the Company pursuant to the acquisition of its management, control and shares, as intimated to the Stock Exchanges on 09th April, 2025 under Regulation 30 of the SEBI (LODR) Regulations, 2015. The said company continues to remain a wholly-owned subsidiary of the Company as on date.

ANNUAL RETURN

In terms of Section 92(3) of the Companies Act, 2013 and Rule 12 of the Companies (Management and Administration) Rules, 2014, the Annual Return of the Company is available on the website of the Company at www.lexoraglobe.com.

MANAGEMENTS DISCUSSION AND ANALYSIS REPORT

Managements Discussion and Analysis Report for the year under review, as stipulated under Regulation 34 (3) read with Schedule Part V of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 with Stock Exchange in India, is presented in a separate Annexure - III forming part of the Annual Report.

Composition

The Company continues to maintain a well-balanced and diverse Board, comprising an appropriate mix of Executive and Non-Executive Directors in accordance with the provisions of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations.

The Board comprises Directors with diverse expertise and experience across various fields, including business management, finance, legal and operations. Such diversity of knowledge, experience and perspectives enables effective governance, sound decision-making and provides valuable guidance in achieving the Companys strategic objectives.

As of March 31, 2026, the Board consisted of six (6) Directors, including:

Three Executive Directors and; Three Non-Executive Independent Director including one Independent Woman Director

Sr. No	DIN	Name of Directors	Designation
1	00162650	Vinubhai Nanjibhai Vekaria	Managing Director
2	09459126	Manan Pavankumar Trivedi	Whole-time director
3	11257598	Alakh Vasantbhai Mangroliya	Whole-time director
4	11507894	Riddhi Ankit Virpariya	Non-Executive Independent Director
5	11558351	Chandresh Chhaganbhai Kyada	Non-Executive Independent Director
6	10988728	Shitalbhai Mohanbhai Patel	Non-Executive Independent Director

Company Secretary & Chief Financial Officer till date:

Name	Designation
Ajay Kumar Agrawal	Company Secretary and Compliance Officer
Alakh Vasantbhai Mangroliya	Chief Financial Officer

APPOINTMENT/RE-APPOINTMENT

During the Financial Year 2025-26:

1. Mrs. Aakansha Vaid (DIN: 02796417) appointed as (Non-executive Independent) Additional Director of the Company w.e.f December 19, 2024 and regularised at the Extra-Ordinary General Meeting dated May 15, 2025.

2. Mr. Amarendra Mohapatra (DIN: 03609521) appointed as (Non-executive Independent) Additional Director of the Company w.e.f December 19, 2024 and regularised at the Extra-Ordinary General Meeting dated May 15, 2025.

3. Mr. Vishvajitsinh Dilipsinh Jadeja (DIN: 10989282) appointed as (Executive - Managing Director) Additional Director of the Company w.e.f March 10, 2025 and regularised at the Extra-Ordinary General Meeting dated May 15, 2025.

4. Mr. Akhil Nair (DIN: 07706503) appointed as (Non-executive Independent) Additional Director of the Company w.e.f March 10, 2025 and regularised at the Extra-Ordinary General Meeting dated May 15, 2025.

5. Mr. Shitalbhai Mohanbhai Patel (DIN: 10988728) appointed as (Non-executive Independent) Additional Director of the Company w.e.f March 10, 2025 and regularised at the Extra-Ordinary General Meeting dated May 15, 2025.

6. Mrs. Himani Bhootra (DIN: 09811030) resign as an Independent Director of the company w.e.f. April 09, 2025.

7. Mr. Bharatkumar Pramodbhai Suchak (DIN: 05154775) resign as an Independent Director of the company w.e.f. April 09, 2025.

8. Mr. Vinubhai Nanjibhai Vekaria (DIN: 00162650) appointed as an Additional Director (Chairman & Executive - Managing Director) of the company w.e.f. February 14, 2026 and regularised at the Extra ordinary General Meeting dated March 18, 2026;

9. Mr. Manan Pavankumar Trivedi (DIN: 09459126) appointed as an Additional Director (Executive - Whole time director) of the company w.e.f. February 14, 2026 and regularised at the Extra ordinary General Meeting dated March 18, 2026;

10. Mr. Alakh Vasanthbhai Mangroliya (DIN: 11257598) appointed as Additional Director (Executive - Whole time director) of the Company w.e.f. February 14, 2026 and regularised at the Extra ordinary General Meeting dated March 18, 2026;

11. Mr. Alakh Vasanthbhai Mangroliya appointed as Chief Financial Officer (CFO) of the Company w.e.f. February 16, 2026;

12. Mrs. Riddhi Ankit Virpariya (DIN: 11507894) as an Additional (Non Executive - Woman Independent director) of the company w.e.f. February 14, 2026 and regularised at the Extra ordinary General Meeting dated March 18, 2026;

13. Mr. Chandresh Chhaganbhai Kyada (DIN: 11558351) appointed as an Additional (Non Executive - Independent director) of the company w.e.f. March 01, 2026 and regularised at the Extra - Ordinary General Meeting dated March 18, 2026;

14. Mr. Ajay Kumar Agrawal appointed as Company Secretary (CS) of the Company w.e.f. April 04, 2026;

15. Mr. Akhil Nair (DIN: 07706503) resigned from the post of Non - Executive Independent Director w.e.f. February 14, 2026;

16. Mr. Amarendra Mohapatra (DIN: 03609521) resigned from the post of Non - Executive Independent Director w.e.f. February 14, 2026;

17. Mr. Vishvajitsinh Jadeja (DIN: 10989282) resigned from the post of Director and Managing director w.e.f. February 14, 2026;

18. Mr. Vishvajitsinh Jadeja resigned from the post of Chief Financial Officer (CFO) w.e.f. February 14, 2026;

19. Ms. Kavita Akshay Chhajer resigned from the post of Company Secretary and Compliance Officer (CS) w.e.f. February 14, 2026.

20. Mrs. Aakansha Vaid (DIN: 02796417) resigned from the post of Non - Executive Independent Director w.e.f. January 05, 2026.

21. Mr. Dinesh Mundra (DIN: 00389283) resigned from the post of Non - Executive Director w.e.f. November 26, 2025.

DIRECTORS RETIRING BY ROTATION

Pursuant to the provisions of Section 152 of the Act read with the relevant rules made thereunder, one-third of the Directors are liable to retire by rotation every year and if eligible, offer themselves for re-appointment at the AGM.

Mr. Manan Pavankumar Trivedi (DIN: 09459126), who retires by rotation as a Director being longest in the office are liable to retire by rotation at the ensuing Annual General Meeting ("AGM") and being eligible, has sought re-appointment. Based on recommendation of the Nomination and Remuneration Committee, the Board of Directors has recommended their re-appointment and the matter is being placed for seeking approval of members at the ensuing Annual General Meeting of the Company.

In accordance with Regulation 25(8) of the SEBI Listing Regulations, all Independent Directors have further confirmed that they are not aware of any circumstances or situations that could impair their independence or affect their ability to exercise objective judgment free from external influence.

The Board of Directors has reviewed and duly noted these declarations and confirmations after conducting a thorough assessment of their accuracy. The Independent Directors have also affirmed compliance with the provisions of Schedule IV of the Act (Code for Independent Directors) and the Companys Code of Conduct. There has been no change in the status or circumstances that would affect their designation as Independent Directors during the reporting period.

Additionally, the Company has received confirmation from all Independent Directors regarding their registration in the Independent Directors databank, maintained by the Indian Institute of Corporate Affairs, in accordance with Rule 6 of the Companies (Appointment and Qualification of Directors) Rules, 2014.

The terms and conditions of appointment of the Independent Directors are placed on the website of the Company at www.lexoragloble.com.

FAMILIARIZATION PROGRAMME FOR INDEPENDENT DIRECTORS

Your Company has adopted a formal Familiarisation Programme for Independent Directors to support their effective participation on the Board. The said meeting was held on February 18, 2026. As part of the familiarisation process, the Company provides detailed insights into its business operations, industry dynamics, organizational structure, and group-level businesses. Independent Directors are also informed about the regulatory and compliance obligations under the Companies Act, 2013 and the SEBI Listing Regulations.

The details of Familiarization Programmes are placed on the website of the company and the website of the company www.lexoragloble.com.

DIRECTORS RESPONSIBILITY STATEMENT

Pursuant to Section 134(5) of the Act, in relation to the audited financial statements of the Company for the year ended 31st March, 2026; the Board of Directors hereby confirms that:

I. In the preparation of the annual accounts for the financial year ended March 31, 2026, the applicable accounting standards have been followed and there were no material departures;
II. The Directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as on March 31, 2026 and of the profit of the Company for the year ended on that date;
III. The Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;
IV. The Directors have prepared the annual accounts on a going concern basis;
V. The Directors have laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and are operating effectively; and
VI. The Directors have devised proper system to ensure compliance with the provisions of all applicable laws and that such systems are adequate and operating effectively.

NUMBER OF MEETINGS OF THE BOARD AND BOARDS COMMITTEE

During the year under review, the Board of Directors remained actively engaged in overseeing the affairs of the Company and deliberating on matters requiring its consideration and approval. The Board convened at regular intervals to review the Companys operations, deliberate on key matters and take necessary decisions. Wherever any urgent or exceptional matter required consideration between two scheduled meetings, the same was placed before the Directors for approval by way of resolutions passed through circulation, as permitted under the provisions of the Act and the applicable rules. Such resolutions are subsequently placed before the Board at its ensuing meeting for noting and ratification, as applicable.

During the financial year under review, 8 (Eight) meetings of the Board of Directors were convened. The particulars of these meetings are set out below. The interval between two consecutive meetings was within the time limits prescribed under the applicable provisions of the Act and the SEBI Listing Regulations.

Meeting	No. of Meetings during the Financial Year 2025-26	Date of the Meeting
Board Meeting	8	09.04.2025, 20.05.2025, 09.07.2025, 13.08.2025, 14.11.2025, 14.02.2026, 17.02.2026, 02.03.2026
Audit Committee	4	20.05.2025, 13.08.2025, 14.11.2025, 14.02.2026
Nomination & Remuneration Committee	2	14.02.2026, 02.03.2026
Stakeholders Relationship Committee	1	14.02.2026
Independent Directors	1	18.02.2026

CORPORATE GOVERNANCE REPORT

As on 31st March, 2026, the paid-up share capital of the Company did not exceed 10 Crore and the net worth of the Company did not exceed 25 Crore. Accordingly, the provisions relating to the Corporate Governance Report, as prescribed under the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, are not applicable to the Company.

INDEPENDENT DIRECTORS

During the year under review, the Independent Directors of the Company met 1 (one) time on February 18, 2026.

COMMITTEES OF THE BOARD

As on March 31, 2026, the Board has constituted the following committees:

1. Audit Committee

2. Nomination and Remuneration Committee

3. Stakeholders Relationship Committee

During the year, all/major recommendations made by the committees were approved by the Board.

APPOINTMENT OF COMPANY SECRETARY

Ms. Kavita Akshay Chhajer was serving as the Company Secretary and Compliance Officer of the Company and resigned from the said position with effect from 14th February, 2026.

Subsequently, Mr. Ajay Kumar Agrawal was appointed as the Company Secretary and Compliance Officer of the Company with effect from 4th April, 2026. He continues to hold the said position as on the date of this Report.

CORPORATE SOCIAL RESPONSIBILITY

The provisions relating to Corporate Social Responsibility ("CSR") under Section 135 of the Companies Act, 2013, are applicable to companies which meet any of the prescribed thresholds relating to net worth, turnover or net profit during any financial year, as specified under the said Section. As the Company does not meet any of the criteria prescribed under Section 135 of the Companies Act, 2013, the provisions relating to constitution of the CSR Committee and undertaking CSR expenditure are not applicable to the Company. Accordingly, the Company is not required to constitute a CSR Committee or incur expenditure towards CSR activities during the financial year under review.

1. An Open Offer has been made pursuant to Regulations 3(1) and 4 read with 13(1) and 15(1) of the Takeover Code for the purpose of substantial acquisition of equity shares and control by Mr. Vasantkumar Lavjibhai Mangroliya, Mr. Madhu Nanji Vekaria, Mr. Vinubhai Nanjibhai Vekaria, Mr. Manan Pavankumar Trivedi and Mr. Pavankumar Dhirajjal Trivedi. A Share Purchase Agreement has been executed on April 9, 2025, amongst the Acquirers and Sellers pursuant to which the Acquirers have agreed to acquire 27,55,000 (Twenty-Seven Lakhs Fifty-Five Thousand) Equity Shares of the Target Company of Rs.10/- each representing 27.55% of the fully diluted expanded paid-up capital of the company ("Underlying Transaction") as at the end of the 10th working day from the expiry of the Tendering Period. Further, the Acquirers are taking steps to acquire up to 43,00,000 fully paid Equity Shares of Rs.10/- each representing 43% of the fully diluted expanded paid-up capital of the company by way of preferential allotment and are making an open offer to acquire up to 26,00,000 fully paid-up equity shares of Rs. 10/- each, representing 26% of the fully diluted expanded paid-up capital of the company of the Target Company on a fully diluted basis as of the 10th (tenth) working day from the closure of the tendering period of the Open Offer.

2. Vide Extra Ordinary General Meeting dated May 15, 2025 followings business has been passed:

a. Preferential issue and allotment of 70,00,000 equity shares of face value of Rs. 10/- each at a premium of Rs.12/- each to Non-Promoter(s) of the company.
b. To consider and approve the increase in authorized share capital of the company up to Rs. 10,00,00,000/- (Rupees Ten Crore Only) consisting of 1,00,00,000 (One Crore) Equity Shares of face value of Rs. under section 61 of the companies act, 2013.
c. To regularise/appoint Mrs. Aakansha Vaid (DIN: 02796417) as an Independent Director of the company.
d. To regularise/appoint Mr. Amarendra Mohapatra (DIN: 03609521) as an Independent Director of the company.
e. To regularise/appoint Mr. Vishvajitsinh Dilipsinh Jadeja (DIN: 10989282) as director of the company
f. Appointment of Mr. Vishvajitsinh Dilipsinh Jadeja (DIN: 10989282) as Managing Director of the company and fixing his remuneration.
g. To regularise/appoint Mr. Akhil Nair (DIN: 07706503) as an Independent Director of the company.
h. To regularise/appoint Mr. Shitalbhai Mohanbhai Patel (DIN: 10988728) as an Independent Director of the company.

3. Vide Extra Ordinary General Meeting dated March 18, 2026 followings business has been passed:

a. To Regularise/Appoint Mr. Vinubhai Nanjibhai Vekaria (Din: 00162650) as Director of the Company.
b. Appointment of Mr. Vinubhai Nanjibhai Vekaria (Din: 00162650 as Chairman cum Managing Director of the Company And Fixing His Remuneration.
c. To Regularise/Appoint Mr. Manan Pavankumar Trivedi (Din: 09459126) as a Whole time Director of the Company.
d. To Regularise/Appoint Mr. Alakh Vasantbhai Mangroliya (Din: Whole-time Director of the Company.
e. To Regularise/Appoint Mrs. Riddhi Ankit Virpariya (Din: 11507894) as Non Executive Independent Women Director of the Company.

f. To Regulare/Appoint Mr. Chandresh Chhaganbhai Kyada (Din: 11558351) as Non Executive Independent Director of the Company.
g. Alteration of Main Object Clause of Memorandum of Association of the Company.
h. Change of Name of the Company From "Yash Trading And Finance Limited" to "Lexora Global Limited".
i. Shifting of Registered Office from State of Maharashtra to State of Gujarat.

POLICY ON DIRECTORS APPOINTMENT AND REMUNERATION:

The Company follows a balanced approach towards the composition of its Board with an appropriate combination of Executive and Independent Directors, with the objective of ensuring effective governance, independent oversight and a clear distinction between the functions of governance and management.

As at 31st March, 2026, the Board of Directors comprised 6 (Six) Directors, consisting of 3 (Three) Executive Directors and 3 (Three) Non-Executive Independent Directors.

The Company has formulated and adopted a policy governing the appointment and remuneration of Directors, including the criteria for determining their qualifications, positive attributes, independence and other matters as specified under Section 178(3) of the Companies Act, 2013. The said policy, as approved by the Board, forms part of the disclosures made in this Boards Report.

The Company further confirms that the remuneration paid to the Directors during the year was in accordance with the terms and conditions prescribed under the Nomination and Remuneration Policy of the Company.

The provisions of section 197(12) of the Act read with rule 5(2) of the Companies (Appointment & Remuneration of Managerial Personnel) Rules, 2014 do apply for the FY 2025-26. Accordingly, details with respect to remuneration of employees are applicable which are as under:

1&2. The ratio of the remuneration of each director to the median remuneration of the employees of the company for the financial year; and the percentage increase in remuneration of each director, Chief Financial Officer, Chief Executive Officer, Company Secretary or Manager, if any, in the financial year 2025-26 is as under:

Sr. No.	Name of Director, KMP & Designation	% increase/decrease in Remuneration in the Financial Year 2025-26	Ratio of remuneration of each Director/ to median remuneration of employees	Amount of Salary
1	Mr. Vinubhai Nanjibhai Vekaria, Managing Director & Promoter	NA	NA	Nil
2	Mr. Manan Pavankumar Trivedi, Whole-time Director	NA	NA	Nil
3	Mr. Alakh Vasantbhai Mangroliya, Whole-time director & CFO	NA	NA	Nil
4	Ms. Riddhi Ankit Virpariya, Non-Executive - Independent Director	NA	NA	Nil
5	Mr. Chandresh Chhaganbhai Kyada, Non-Executive - Independent Director	NA	NA	Nil
6	Mr. Shitalbhai Mohanbhai Patel, Non-Executive - Independent Director	NA	NA	Nil
7	Mr. Ajay Kumar Agrawal, Company Secretary & Compliance Officer	NA	NA	Nil
8	Ms. Himani Bhootra, Non-Executive Independent Director *	NA	NA	Nil
9	Mr. Bharatkumar Pramodbhai Suchak, Non-Executive Independent Director **	NA	NA	Nil
10	Mr. Akhil Nair, Independent Director, ***	NA	NA	Nil
11	Mr. Vishvajitsinh Dilipsinh Jadeja, Managing Director & CFO ****	NA	NA	Nil
12	Mr. Amarendra Mohapatra, Independent Director *****	NA	NA	37500/-
13	Ms. Aakansha Vaid, Independent Director ******	NA	NA	37500/-
14	Mr. Dinesh Mundhra, Non-Executive Director ******	NA	NA	Nil
15	Ms. Kavita Akshay Chhajer, Company Secretary and Compliance Officer ******	NA	NA	194000/-

? Ms. Himani Bhootra has resigned from the post of Directorship w.e.f. April 9, 2025.
** Mr. Bharatkumar Pramodbhai Suchak has resigned from the post of Directorship w.e.f. April 9, 2025.
*** Mr. Akhil Nair has resigned from the post of Directorship w.e.f. February 14, 2026.
**** Mr. Vishvajitsinh Dilipsinh Jadeja has resigned from the post of Directorship w.e.f. February 14, 2026.
***** Mr. Amarendra Mohapatra has resigned from the post of Directorship w.e.f. February 14, 2026.
****** Ms. Aakansha Vaid has resigned from the post of Directorship w.e.f. January 5, 2026
****** Mr. Dinesh Mundhra has resigned from the post of Directorship w.e.f. November 25, 2026.
******* Ms. Kavita Akshay Chhajer has resigned from the post of Company Secretary and Compliance Officer w.e.f. February 14, 2026.

RISK MANAGEMENT POLICY:

Lexora Global Limited (Formerly known as Yash Trading and Finance Limited) is exposed to various business and financial risks, including liquidity, interest rate, credit and operational risks. The Company is in the process of formulating and implementing a comprehensive Risk Management Policy to identify, assess and mitigate such risks. Considering the prevailing slowdown in the infrastructure and reality sectors, the Company intends to focus on infrastructure and government-sponsored projects along with its petroleum business, while appropriately addressing the risks associated with its operations.

INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY:

The establishment of an effective corporate governance and internal control system is essential for sustainable growth and long-term improvements in corporate value, and accordingly Lexora Global Limited (Formerly Known as Yash Trading and Finance Limited) works to strengthen such structures. We believe that a strong internal control framework is an important pillar of Corporate Governance.

Your Company has put in place adequate internal financial controls commensurate with the size and complexity of its operations. The internal controls ensure the reliability of data and financial information to maintain accountability of assets.

The Company has an effective internal control and risk-mitigation system, which is constantly assessed and strengthened with new/revised standard operating procedures. These controls ensure safeguarding of assets, reduction and detection of fraud and error, adequacy and completeness of the accounting records and timely preparation of reliable financial information. Critical functions are rigorously reviewed and the reports are shared with the Management for timely corrective actions, if any. Business risks and mitigation plans are reviewed and the internal audit processes include evaluation of all critical and high-risk areas.

REPORTER OF FRAUDS BY AUDITORS:

During the year under review, neither the Statutory Auditors nor the Secretarial Auditor has reported to the Audit Committee under Section 143 (12) of the Companies Act, 2013, any instances of fraud committed against the Company by its officers or employees, the details of which would need to be mentioned in the Boards Report.

STATUTORY AUDITORS:

M/s. Bhatter & Co. continue to hold office as the Statutory Auditors of the Company.

M/s. Bhatter & Co. (ICAI Firm Registration No. 131092W) were appointed as the Statutory Auditors of the Company for a term of five consecutive years, commencing from the conclusion of the 37th Annual General Meeting (AGM) until the conclusion of the 42nd AGM, on such remuneration as may be mutually agreed upon between the Board of Directors and the Statutory Auditors.

Pursuant to the amendments to Section 139 of the Companies Act, 2013, introduced by the Companies (Amendment) Act, 2017 and effective from 7th May, 2018, the requirement for annual ratification of the appointment of Statutory Auditors by the Members has been omitted. Accordingly, no resolution for ratification of their continuation as Statutory Auditors is required to be placed before the Members at the ensuing AGM.

AUDITORS REPORT:

The Auditors have not made any qualification to the financial statement. Their reports on relevant notes on accounts are self-explanatory and do not call for any comments under section 134 of the companies Act, 2013.

SECRETARIAL AUDITORS AND THEIR REPORT:

M/s. Jain Mayuri & Associates, Practicing Company Secretaries, through Ms. Mayuri Jain (Membership No. A41413 and COP No. 15664), was appointed as the Secretarial Auditor of the Company for the period from FY 2025-26 to FY 2029-30. The Company has received a resignation letter dated 24th August 2026 from M/s. Jain Mayuri & Associates resigning from the office of Secretarial Auditor of the Company.

The Board of Directors approved the appointment of M/s. Jitesh Patel & Associates, Company Secretaries, as the Secretarial Auditors of the Company for FY 2025-26 dated September 3, 2026.

Accordingly, the Board of Directors has recommended the appointment of M/s. Jitesh Patel & Associates, Company Secretaries, as the Secretarial Auditors of the Company for the applicable term (2026-27 to 2030-31), subject to the requisite approvals.

The Secretarial Audit Report for FY 2025-26, issued by M/s. Jitesh Patel & Associates, is annexed to this Boards Report as Annexure- IV.

COST AUDIT:

As per the Cost Audit Orders, Cost Audit is not applicable to the Companys products/business of the Company for FY 2025-26.

RELATED PARTY TRANSACTIONS/CONTRACTS:

The Company has implemented a Related Party Transactions policy for the purposes of identification and monitoring of such transactions. The policy on related party transactions is uploaded on the Companys website. All related party transactions are placed before the Audit Committee for approval. Prior omnibus approval of the Audit Committee is obtained on an annual basis which is reviewed and updated on quarterly basis. Pursuant to the Section 134(3) (h) of the Companies Act, 2013 and Rule 8(2) of the Companies (Accounts) Rules, 2014, there were no contract where in the related parties are interested. In accordance with the provisions of the Companies Act, 2013, the details of related party transactions are available in the Notes to the Standalone financial statements section of the Annual Report.

HUMAN RESOURCES MANAGEMENT:

We take this opportunity to thank employees at all levels for their dedicated service and contribution made towards the growth of the company. The relationship with the workers of the Companys manufacturing units and other staff has continued to be cordial. To ensure good human resources management at the company, we focus on all aspects of the employee lifecycle. During their tenure at the Company, employees are motivated through various skill-development, engagement and volunteering programs.

In terms of Section 197(12) of the Companies Act, 2013, read with Rule 5(2) and 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, no employee(s) drawing remuneration in excess of limits set out in said rules forms part of the annual report.

Considering the first proviso to Section 136(1) of the Companies Act, 2013, the Annual Report is being sent to the members of the Company and others entitled thereto. The said information is available for inspection at the registered office of the Company during business hours from 11 a.m. to 5 p.m. on working days of the Company up to the date of the ensuing Annual General Meeting. Any shareholder interested in obtaining a copy thereof, may write to the Company Secretary in this regard.

PARTICULARS REGARDING CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO:

The details of conservation of Energy, Technology Absorption are applicable in the case of the company. However, the company took adequate steps to conserve the Energy and used the latest technology. The details are in annexures attached to Board Report.

FOREIGN EXCHANGE (inflow/outflow):

During the year under review there were no foreign Exchange Earnings. The Foreign Exchange out go is NIL

INSURANCE OF ASSETS:

All the fixed assets, finished goods, semi-finished goods, raw material, packing material and goods of the company lying at different locations have been insured against fire and allied risks.

BANK AND FINANCIAL INSTITUTIONS:

Directors are thankful to their bankers for their continued support to the company.

DISCLOSURE REQUIREMENTS:

The Company has devised proper systems to ensure compliance with the provisions of all applicable Secretarial Standards issued by the Institute of Company Secretaries of India and is of the view that such systems are adequate and operating effectively.

DISCLOSURE UNDER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013:

The Company has adopted a policy on prevention, prohibition and redressal of sexual harassment at the workplace in line with the provisions of the Sexual Harassment of Women at workplace (Prevention, Prohibition and Redressal) Act, 2013 and the Rules there under for prevention and redressal of complaints of sexual harassment at workplace. The policy is uploaded and can be viewed on the Companys website www.lexoragloble.com

The details of Number of complaints of Sexual Harassment received, Number of complaints disposed of and Number of cases pending for more than ninety days in the Financial Year as stated below:

Particulars	Number
Number of complaints of sexual harassment received in the year	NIL
Number of complaints disposed of during the year	NIL
Number of cases pending for more than ninety days	NIL

DIFFERENCE BETWEEN AMOUNT OF THE VALUATION DONE AT THE TIME OF ONE TIME SETTLEMENT AND THE VALUATION DONE WHILE TAKING LOAN FROM THE BANKS OR FINANCIAL INSTITUTIONS ALONG WITH THE REASONS THEREOF:

There are no proceedings pending under the Insolvency and Bankruptcy Code, 2016 and that there is no instance of onetime settlement with any Bank or Financial Institution, during the year under review.

THE DETAILS OF APPLICATION MADE OR ANY PROCEEDING PENDING UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016 DURING THE YEAR:

No application made or no any proceeding pending under the Insolvency and Bankruptcy Code, 2016 during the year.

ACKNOWLEDGMENTS:

Your Directors convey their sincere thanks to the Government, Banks, Shareholders and customers for their continued support extended to the company at all times. The Directors further express their deep appreciation to all employees for commendable teamwork, high degree of professionalism and enthusiastic effort displayed by them during the year.

CAUTIONARY STATEMENT:

The statements contained in the Boards Report and Management Discussion and Analysis Report contain certain statements relating to the future and therefore are forward looking within the meaning of applicable securities, laws and regulations. Various factors such as economic conditions, changes in government regulations, tax regime, other statuses, market forces and other associated and incidental factors may however lead to variation in actual results.

VINUBHAINANJIBHAI VEKARIA

Managing Director

DIN: 00162650

MANAN PAVANKUMAR TRIVEDI

Whole time Director

DIN: 09459126