YASH Trading Overhauls Board, Rebrands to LEXORA GLOBAL

Introduction

YASH Trading and Finance Limited has announced a series of transformative decisions following its board meeting on February 14, 2026. The board approved its financial results for the third quarter of fiscal year 2026, initiated a comprehensive leadership restructuring, and laid out a strategic pivot that includes a new company name and a significant expansion into the renewable energy sector. These changes signal a major new direction for the company, pending shareholder approval at an upcoming Extraordinary General Meeting (EGM).

Q3FY26 Financial Performance

The board reviewed and approved the unaudited financial results for the quarter ending December 31, 2025. For Q3FY26, the company reported a consolidated revenue of ₹403.84 lakhs. This financial disclosure provides a baseline for the company's performance as it embarks on its significant corporate restructuring and strategic shift towards new business verticals.

A New Era of Leadership

A key outcome of the board meeting was a complete overhaul of the company's leadership team, designed to steer its new strategic direction. Mr. Vinubhai Nanjibhai Vekaria has been appointed as the new Chairman & Managing Director. With over four decades of experience in the automobile, manufacturing, and infrastructure sectors, Mr. Vekaria's expertise in renewable energy projects is particularly relevant to the company's new focus. The board also appointed Mr. Manan Pavankumar Trivedi and Mr. Alakh Vasantbhai Mangroliya as Whole Time Directors. Mr. Mangroliya will also assume the role of Chief Financial Officer (CFO).

New Executive Appointments

To further strengthen its governance framework, the company also appointed two new Independent Directors. Mrs. Riddhi Ankit Virpariya joins as a Woman Independent Director for a five-year term, and Mr. Chandresh Chhaganbhai Kyada will join for a five-year term starting March 1, 2026.

Key Leadership Departures

Coinciding with the new appointments, the board accepted the resignations of several key executives, effective February 16, 2026. Mr. Vishvajitsinh Jadeja stepped down from his role as Managing Director and CFO. Additionally, Non-Executive Independent Directors Mr. Akhil Nair and Mr. Amarendra Mohapatra, along with Company Secretary and Compliance Officer Ms. Kavita Akshay Chhajer, also tendered their resignations. These departures are part of a broader transition that has seen several director changes in recent months, including the resignations of Mrs. Aakansha Vaid in January 2026 and Mr. Dinesh Mundra in November 2025.

Strategic Transformation: New Name and Business Focus

The board has approved a proposal to change the company's name from YASH Trading and Finance Limited to LEXORA GLOBAL LIMITED. This rebranding reflects the company's new vision and expanded business scope. In line with this transformation, the company will also relocate its registered office from Maharashtra to Gujarat. These changes are subject to the approval of shareholders and relevant regulatory authorities.

Foray into Renewable Energy

The most significant strategic shift is the company's decision to enter the renewable energy sector. The board approved the alteration of its Memorandum of Association to include business activities related to green energy. This expansion will cover a wide range of operations, including power generation from solar, wind, and other renewable sources; the establishment and operation of power plants and solar facilities; and the manufacturing and installation of related equipment. This move positions the company to capitalize on the growing demand for sustainable energy solutions.

Reconstitution of Board Committees

To align with the new leadership structure, the board committees have been reconstituted. Mr. Chandresh Chhaganbhai Kyada will chair both the Audit Committee and the Stakeholder Relationship Committee. Mr. Shitalbhai Mohanbhai Patel will chair the Nomination and Remuneration Committee. These changes ensure that the board's governance mechanisms are led by the newly appointed members.

Next Steps: Shareholder Approval

To implement these transformative proposals, the company will seek approval from its shareholders. An Extraordinary General Meeting (EGM) has been scheduled for March 18, 2026. The company has appointed Purva Sharegistry (India) Pvt Ltd to facilitate e-voting services for the meeting, ensuring broad shareholder participation in these critical decisions.

Conclusion

The recent announcements from YASH Trading and Finance Limited mark a pivotal moment in its corporate journey. With a new leadership team, a new name, and a strategic entry into the high-growth renewable energy sector, the company is repositioning itself for the future. The upcoming EGM will be a crucial step in formalizing this new identity and direction, setting the stage for what will be known as LEXORA GLOBAL LIMITED.