Lexoraa Industries Plans ₹69 Cr Rights Issue

Lexoraa Industries Ltd announced its Board of Directors has approved a fundraise of up to ₹69 crores through a rights issue. The company plans to issue fully paid-up equity shares with a face value of ₹10 each at a premium of ₹5 per share. The rights issue aims to raise capital from eligible existing equity shareholders, subject to necessary regulatory and statutory approvals. The record date for determining eligibility will be announced later. This move is in accordance with SEBI regulations.