Lexoraa Industries Limited's Board has approved a fundraise through a rights issue.

The company plans to offer and issue fully paid-up equity shares, each with a face value of ₹10 and a premium of ₹5, to eligible existing shareholders.

This rights issue aims to raise up to ₹69 crore.

The specific ratio and the record date for determining eligible shareholders will be announced later.

This initiative will inject capital into the company and offers existing investors a chance to participate in the equity expansion.