YASH Trading Overhauls Board, Rebrands to LEXORA GLOBAL in 2026

Introduction

YASH Trading and Finance Limited has announced a series of transformative decisions following its board meeting on February 14, 2026. The company approved its third-quarter financial results, initiated a comprehensive leadership restructuring, and laid out plans for a major corporate overhaul. Key changes include a new company name, a strategic pivot into the renewable energy sector, and the relocation of its registered office, all 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. The consolidated figures indicate a significant shift in operational activity compared to the same period in the previous fiscal year. The company reported revenue from operations of ₹403.84 lakhs, a substantial increase from nil revenue in Q3FY25. Despite this revenue growth, the company posted a net loss of ₹2.77 lakhs for the quarter, although this was a reduction from the ₹5.24 lakhs loss reported in the corresponding quarter of the previous year. For the nine months ending December 31, 2025, the company recorded a net profit of ₹13.72 lakhs.

A New Leadership Team

A central part of the company's transformation is a complete overhaul of its executive and independent leadership. The board approved the appointment of Mr. Vinubhai Nanjibhai Vekaria as the new Chairman & Managing Director. Mr. Vekaria brings over four decades of industrial experience, with specific expertise in the renewable energy sector, signaling a clear alignment with the company's new strategic direction. He is appointed for a three-year term. Joining him in executive roles are Mr. Manan Pavankumar Trivedi as Whole Time Director and Mr. Alakh Vasantbhai Mangroliya as Whole Time Director & Chief Financial Officer. The board also strengthened its independent oversight with the appointment of Mrs. Riddhi Ankit Virpariya and Mr. Chandresh Chhaganbhai Kyada as Independent Directors.

Executive Departures

Coinciding with the new appointments, the board accepted the resignations of several key personnel, 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 resigned from their positions. Ms. Kavita Akshay Chhajer also resigned as the Company Secretary and Compliance Officer. The company cited "other professional commitments" and "unavoidable circumstances" as the reasons for the departures.

Strategic Pivot to Renewable Energy

The most significant strategic shift is the company's planned entry into the renewable energy business. The board approved the alteration of its Memorandum of Association to include activities related to power generation from solar, wind, and other renewable sources. This expansion will also cover the establishment and operation of power plants, the manufacturing of power generation equipment, and the maintenance of renewable energy projects. This move repositions the company from its traditional trading and finance focus to a key player in a high-growth, sustainable sector.

Corporate Rebranding and Relocation

To reflect its new business focus, the board has proposed changing the company's name from YASH Trading and Finance Limited to LEXORA GLOBAL LIMITED. This new identity aims to represent the company's broader, global ambitions in the energy sector. In another strategic move, the company plans to relocate its registered office from Maharashtra to Gujarat, a state known for its significant renewable energy infrastructure and supportive policies. Both the name change and relocation are subject to shareholder approval.

Reconstituted Board Committees

To align with the new leadership structure and maintain strong corporate governance, the board committees have been reconstituted. Mr. Chandresh Chhaganbhai Kyada will now chair the Audit Committee and the Stakeholder Relationship Committee. The Nomination and Remuneration Committee will be chaired by Mr. Shitalbhai Mohanbhai Patel. These changes ensure that the new board members are integrated into the company's key oversight functions.

Next Steps: The EGM

All the proposed changes, including the leadership appointments, name change, office relocation, and business expansion, will be presented to the shareholders for approval. The company has scheduled an Extraordinary General Meeting (EGM) for March 18, 2026, which will be held via video conference. This meeting will be a critical step in finalizing the company's comprehensive transformation plan. The outcomes of the EGM will determine the final shape of LEXORA GLOBAL LIMITED and its strategic path forward.