Meeting Details

The 32nd Annual General Meeting of Lloyds Engineering Works Limited was held on Friday, August 21, 2026 at 11:30 a.m. (IST) through Video Conferencing (VC) / Other Audio Video Means (OAVM). The meeting concluded at 11:50 am, with the e-voting window remaining open for an additional 15 minutes after conclusion.

Attendance

The meeting was attended by the following Directors and Key Managerial Personnel:

  • Mr. Rajashekhar Mallikarjun Alegavi (Non-Executive Director)
  • Mr. Devidas Kashinath Kambale (Independent Director)
  • Mr. Lakshman Ananthsubramanian (Independent Director)
  • Mr. Ashok Tandon (Independent Director)
  • Mrs. Alka Upadhyay (Independent Director)
  • Mrs. Bela Sundar Rajan (Independent Director)
  • Mr. Vinay Kumar Tripathi (Independent Director)
  • Mr. Apurva Chandra (Independent Director)
  • Mr. Kalpesh P. Agrawal (Chief Financial Officer)
  • Ms. Rahima Shaikh (Company Secretary & Compliance Officer)

Representatives from Statutory Auditors (S.Y. Lodha and Associates Chartered Accountants), Secretarial Auditors (M/s. Mitesh Shah & Co. Company Secretaries), Registrar & Share Transfer Agent (Bigshare Services Private Limited), and Scrutinizer (Mr. Harshvardhan Tarkas, Practicing Company Secretary) were also present.

Agenda Items and Resolutions

The following business items were considered at the meeting:

1. Ordinary Resolution: To receive, consider, approve and adopt the Audited Financial Statements (including Audited Standalone and Consolidated Financial Statements) for the financial year ended 31st March, 2026 and the reports of the Board of Directors and Auditors thereon.

2. Ordinary Resolution: To declare final dividend on Equity Shares on face value of Re. 1/- each for the Financial Year ended 31st March, 2026 as follows:

  • 25% dividend on fully paid-up shares
  • 12.50% dividend on partly paid-up shares (on proportionate basis)

3. Ordinary Resolution: To appoint a director in place of Mr. Rajashekhar Mallikarjun Alegavi (DIN - 03584302), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and being eligible, offers himself for reappointment.

4. Ordinary Resolution: To ratify the remuneration of Cost Auditors for the financial year ending 31st March, 2027.

5. Special Resolution: To approve payment of Technical Consultancy Charges / Fees to Non-Executive Directors of the Company as per regulation 17(6)(a) of SEBI (LODR) Regulations, 2015.

6. Ordinary Resolution: To approve Material Related Party Transaction(s) limits with Lloyds Metals and Energy Limited ("LMEL").

7. Ordinary Resolution: To approve Material Related Party Transaction(s) with Lloyds Enterprises Limited.

8. Special Resolution: Increase in threshold of Loans / Guarantees, providing of securities and making of Investments in securities under section 186 of the Companies Act, 2013.

9. Special Resolution: Increase in Borrowing Limits under Section 180(1)(C) of the Companies Act, 2013.

Voting Process

Voting was conducted through remote e-voting facility provided by National Securities Depository Limited (NSDL) before the meeting and during the meeting. Mr. Harshvardhan Tarkas, Practicing Company Secretary, was appointed as Scrutinizer to report on voting results.

Chairman's Address

Mr. Mukesh R. Gupta, Chairman of the Board of Directors, presided over the meeting. He apprised members about the Company's performance and prospects, and responded to queries/suggestions raised by members regarding operations and financial performance.