Dear Stakeholders,

It gives me immense pleasure to address you as the Chairman of Lexoraa Industries Limited, a company that has grown and evolved over the years, embracing new challenges and opportunities with unwavering determination. Our journey, which began with the inception of Servotech Engineering Industries Ltd., has been one of transformation and growth, driven by a vision to achieve excellence and create lasting value.

At Lexoraa, we believe that success is built on a foundation of integrity, innovation, and a relentless pursuit of quality. Our dreams have always been ambitious, our goals set high, and our commitment to delivering exceptional results remains steadfast. As we continue to expand our horizons, our focus remains on creating sustainable growth, not only for our company but also for the communities we serve and the nation at large.

In a rapidly changing world, adaptability and resilience are key. We are constantly evolving, embracing new technologies and practices to stay ahead of the curve. Our commitment to innovation is matched by our dedication to maintaining the highest standards of quality and ethical conduct. We are proud of our legacy, but we are even more excited about the future that lies ahead.

I would like to take this opportunity to express my deepest gratitude to our employees, partners, and shareholders for their unwavering support and trust. It is your dedication and belief in our vision that propels us forward. Together, we will continue to build on our successes, overcome challenges, and achieve new milestones.

As we move forward, I am confident that Lexoraa Industries will continue to be a beacon of excellence, contributing positively to the industry and to the growth of India. Our journey is far from over, and I look forward to the exciting opportunities that the future holds for us.

Thank you for being a part of this journey.

Warm regards,
Anil Babubhai Mehta 
Chairman, Lexoraa Industries Limited

(a) act in good faith in order to promote the objects of the company for the benefit of its members as a whole, and in the best interests of the company, its employees, the shareholders, the community and for the protection of environment.

(b) exercise duties with due and reasonable care, skill and diligence and shall exercise independent judgment.

(c) not involve themselves in situations which they may have a direct or indirect interest that conflicts, or possibly may conflict, with the interest of the company.

(d) not achieve or attempt to achieve any undue gain or advantage either to themselves or to their relatives, partners, or associates and if any person is found guilty of making any undue gain, he shall be liable to pay an amount equal to that gain to the company.

(e) unless otherwise approved in writing by LIL, not assign their office and any assignment so made shall be void.

(f) disclose personal interests that conflict with the interests of LIL and not participate in discussion and voting on such matters.

(g) not engage in any conduct which is likely to bring discredit to LIL.

(h) not disclose confidential information, including commercial secrets, technologies, advertising and sales promotion plans, unpublished price sensitive information, unless such disclosure is expressly approved by the Board of Directors of LIL or required by law.

It is hereby clarified that an independent director shall be liable for any breach of this Code only to the extent provided in the Listing Regulations.

(a) undertake appropriate induction and regularly update and refresh their skills, knowledge and familiarity with the company;

(b) be at liberty to seek appropriate clarification or amplification of information and, where necessary, take and follow appropriate professional advice and opinion of outside experts at the expense of the company;

(c) strive to attend all meetings of the Board of Directors of LIL and of the committees of which he is a member;

(d) participate constructively and actively in the committees of the Board of Directors of LIL in which they are chairpersons or members;

(e) strive to attend the general meetings of the company;

(f) where they have concerns about the running of the company or a proposed action, ensure that these are addressed by the Board of Directors of LIL and, to the extent that they are not resolved, insist that their concerns are recorded in the minutes of meeting of the Board of Directors of LIL;

(g) endeavour to keep themselves well informed about the company and the external environment in which it operates;

(h) not to unfairly obstruct the functioning of an otherwise proper Board of Directors of LIL or committee of the Board;

(i) pay sufficient attention and ensure that adequate deliberations are held before approving related party transactions and assure themselves that the same are in the interest of the company;

(j) ascertain and ensure that the company has an adequate and functional vigil mechanism and to ensure that the interests of a person who uses such mechanism are not prejudicially affected on account of such use;

(k) report concerns about unethical behaviour, actual or suspected fraud or violation of the company’s code of conduct or ethics policy;

(l) act within his authority, assist in protecting the legitimate interests of the company, shareholders and its employees;