Meeting Details

  • Meeting Type: 49th Annual General Meeting
  • Meeting Date: Friday, 19th June, 2026 at 12:00 Noon (IST)
  • Meeting Format: Conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM)
  • Record Date: Friday, 12th June, 2026
  • Total Shareholders on Record Date: 126,514

Voting Process and Methods

The company provided two methods for voting:

1. Remote e-voting: Available from Monday, 15th June, 2026 (9:00 A.M. IST) to Thursday, 18th June, 2026 (5:00 P.M. IST) through NSDL

2. E-voting during AGM: Available during the meeting and 15 minutes after for members who hadn't voted remotely

Shareholder Participation

  • Physical Attendance: 0 shareholders (both Promoters and Public)
  • VC Attendance: 94 shareholders (13 Promoters and 81 Public)

Proposed Resolutions and Voting Outcomes

The AGM considered 22 resolutions with the following key outcomes:

Item No. 1: Ordinary Resolution - Adoption of Financial Statements

  • Description: Approval for adoption of Audited Standalone and Consolidated Financial Statements for FY ended 31st March, 2026 and reports of Board of Directors and Auditors
  • Result: Passed with 100% approval
  • Total votes cast: 437,384,082 (77.72% of outstanding shares)

Item No. 2: Ordinary Resolution - Declaration of Dividend

  • Description: Approval for declaration of dividend for FY ended 31st March, 2026
  • Result: Passed with 100% approval
  • Total votes cast: 437,402,214 (77.72% of outstanding shares)

Item No. 3: Ordinary Resolution - Appointment of Managing Director

  • Description: Approval for appointment of Mr. Balasubramanian Prabhakaran (DIN: 01428366) as Managing Director liable to retire by rotation
  • Result: Passed with 99.47% approval
  • Total votes cast: 263,915,835 (46.89% of outstanding shares)
  • Against votes: 1,401,336 (0.53%)
  • Promoter interest: Yes

Item No. 4: Ordinary Resolution - Appointment of Executive Director

  • Description: Approval for appointment of Mr. Venkateswaran Soundrarajan (DIN: 08035383) as Executive Director liable to retire by rotation
  • Result: Passed with 99.73% approval
  • Total votes cast: 437,375,972 (77.72% of outstanding shares)
  • Against votes: 1,197,224 (0.27%)

Item No. 5: Ordinary Resolution - Ratification of Cost Auditors

  • Description: Approval for ratification of remuneration payable to M/s. Singh M K & Associates, Cost Auditors
  • Result: Passed with 99.9997% approval
  • Total votes cast: 437,375,972 (77.72% of outstanding shares)
  • Against votes: 1,200 (0.0003%)

Item No. 6: Special Resolution - Alteration of Articles of Association

  • Description: Approval for alteration of articles of association by deleting common seal clause
  • Result: Passed with 100% approval
  • Total votes cast: 437,375,972 (77.72% of outstanding shares)

Item No. 7: Special Resolution - Reappointment of Independent Director

  • Description: Reappointment of Mr. Ramesh Luharuka (DIN: 00001380) as Non-Executive Independent Director
  • Result: Passed with 99.60% approval
  • Total votes cast: 437,375,972 (77.72% of outstanding shares)
  • Against votes: 1,763,882 (0.40%)

Item No. 8: Special Resolution - Reappointment of Independent Director

  • Description: Reappointment of Dr. Seema Saini (DIN: 09539941) as Non-Executive Independent Director
  • Result: Passed with 99.63% approval
  • Total votes cast: 437,375,972 (77.72% of outstanding shares)
  • Against votes: 1,611,960 (0.37%)

Item No. 9: Special Resolution - Borrowing Limits

  • Description: Approval for overall borrowing limits under Section 180(1)(c) of Companies Act, 2013
  • Result: Passed with 99.93% approval
  • Total votes cast: 437,375,972 (77.72% of outstanding shares)
  • Against votes: 323,383 (0.07%)

Item No. 10: Special Resolution - Creation of Mortgage/Charge

  • Description: Approval under Section 180(1)(a) for creation of mortgage or charge on assets, properties or undertakings
  • Result: Passed with 99.93% approval
  • Total votes cast: 437,375,972 (77.72% of outstanding shares)
  • Against votes: 325,664 (0.07%)

Item No. 11: Special Resolution - Loans and Investments

  • Description: Approval under Section 186 for loans, inter-corporate deposits, guarantees, and securities acquisition beyond prescribed limits
  • Result: Passed with 97.83% approval
  • Total votes cast: 437,370,673 (77.72% of outstanding shares)
  • Against votes: 9,495,120 (2.17%)

Item No. 12: Special Resolution - Director Remuneration

  • Description: Approval for remuneration payable to Mr. Shabbirhusein Shaikhadam Khandwawala (DIN: 10821717), Non-Executive Director
  • Result: Passed with 97.92% approval
  • Total votes cast: 437,375,972 (77.72% of outstanding shares)
  • Against votes: 9,087,191 (2.08%)

Items 13-22: Related Party Transactions

Various ordinary and special resolutions for material related party transactions with multiple entities including:

  • Thriveni Earthmovers and Infra Private Limited
  • Lloyds Infrastructure and Construction Limited
  • Lloyds Engineering Works Limited
  • Thriveni Transport and Logistics Private Limited
  • Mahaprabhu Projects Private Limited
  • Mandovi River Pellets Private Limited
  • Cloudcruze Aviation Leasing IFSC Services Private Limited
  • Brahmani River Pellets Limited
  • Sunflag Iron and Steel Co Limited
  • Subsidiaries of the Company

All related party transaction resolutions passed with approval percentages ranging from 88.46% to 99.44%.

Scrutinizer's Report

  • Scrutinizer: M/s. Mitesh Shah & Co., Company Secretaries
  • Appointment Date: 05th May, 2026 by Board of Directors
  • Report Date: 20th June, 2026
  • Voting System: NSDL e-voting platform
  • Conclusion: All 22 resolutions were passed with requisite majority as required under the Companies Act, 2013

Compliance Statement

The company confirmed compliance with:

  • Companies Act, 2013 and Rules thereunder
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA Circulars regarding e-voting and electronic communication

Additional Information

The voting results and scrutinizer's report are available on the company's website at www.lloyds.in/investors/shareholders-information/.