Meeting Details
This is a Postal Ballot process, not a physical meeting. The voting period commences on Friday, 25th September, 2026 at 9:00 A.M. (IST) and ends on Saturday, 24th October, 2026 at 5:00 P.M. (IST).
Proposed Resolutions and Implications
Resolution 1: Appointment of Mr. Avijit Ghosh as Independent Director (Special Resolution)
This resolution seeks approval for the appointment of Mr. Avijit Ghosh (DIN: 03101511) as a Non-Executive, Independent Director for a term of 5 consecutive years from 10th August, 2026 to 09th August, 2031. He was initially appointed as an Additional Director on 10th August, 2026 based on the recommendation of the Nomination and Remuneration Committee. Mr. Ghosh holds a B.Tech. in Mining Engineering from IIT (ISM), Dhanbad and has over four decades of experience in mining, metals and heavy engineering sectors, including former leadership roles at Hindustan Copper Limited and Heavy Engineering Corporation (HEC) Limited.
Resolution 2: Conversion of Loan into Equity Shares (Special Resolution)
This resolution seeks approval pursuant to Section 62(3) of the Companies Act, 2013 to authorize the Board of Directors to convert, at the option of lenders (banks and financial institutions), the whole or any part of outstanding loans or financial assistance into fully paid-up equity shares of the Company. The conversion may occur upon happening of an event of default and would be on terms specified in the financing documents. The equity shares issued would rank pari passu with existing shares and would be listed on BSE and NSE.
Voting Process and Methods
The Company has engaged NSDL (National Securities Depository Limited) to facilitate remote e-voting only. Physical polling or proxy voting is not permitted. The cut-off date for determining members entitled to vote is Friday, 18th September, 2026, with voting rights proportional to shares held on this date.
Key Voting Outcomes
The results of the Postal Ballot will be declared within 2 (Two) working days from the conclusion of the voting period (after October 24, 2026). The results along with the Scrutinizer's Report will be communicated to BSE and NSE and placed on the Company's website (www.lloyds.in) and NSDL's website (www.evoting.nsdl.com).
Scrutinizer's Role
Mr. Mitesh Shah (Membership No.: F10070) from Mitesh Shah & Co., Company Secretaries (Firm Registration No.: P2025MH104700) has been appointed as the Scrutinizer to scrutinize the Postal Ballot process in a fair and transparent manner. Institutional shareholders must send scanned copies of Board Resolutions/Authority letters with attested specimen signatures to mitesh@mjshah.com with a copy to evoting@nsdl.co.in.
Compliance Confirmation
The notice confirms compliance with Regulation 44 of SEBI LODR Regulations, 2015, Sections 108 and 110 of the Companies Act, 2013, Companies (Management and Administration) Rules, 2014, Secretarial Standard SS-2, and MCA Circulars including General Circular Nos. 14/2020, 17/2020, and the latest being General Circular No. 03/2025 dated 22nd September, 2025.
Additional Information
The notice is being circulated only through electronic mode to members whose email addresses are registered with the Company/RTA/Depositories as of the cut-off date. Members without registered email addresses can follow specified procedures to register. The notice and relevant documents are available on the Company's website at www.lloyds.in/investors/shareholdersinformation/ and on NSDL's website at www.evoting.nsdl.com.