Lloyds Enterprises Limited held its 40th Annual General Meeting (AGM) on July 9, 2026, through video conferencing, where all 14 proposed resolutions were passed with the requisite majority. The meeting, which had a record date of July 2, 2026, saw participation from 77 shareholders via video conferencing, comprising 8 from the promoter group and 69 from the public. M/s. Mitesh Shah & Co., Practicing Company Secretaries, served as the scrutinizer for the e-voting process.

Financial Results and Dividend

Shareholders approved the adoption of the audited standalone and consolidated financial statements for the financial year ended March 31, 2026. The resolution for the adoption of standalone financial statements received 100% approval from votes polled, while the consolidated financial statements were approved with 99.86% votes in favour. A final dividend for FY26 was also declared at the meeting, receiving 100% approval from the votes cast.

Appointments and Remuneration

The company approved the re-appointment of Mr. Babulal Agarwal as Managing Director and sanctioned the revision of his remuneration as Chairman & Managing Director. Mr. Sandeep Suhas Aole was re-appointed as a Non-Executive Independent Director via a special resolution. Additionally, M/s. V. K. Beswal & Associates, Chartered Accountants, were appointed as the statutory auditors.

Related Party Transactions

Shareholders approved material related party transactions with seven group entities. The resolutions for transactions with Lloyds Engineering Works Limited, Lloyds Metals and Energy Limited, Lloyds Realty Developers Limited, Lloyds Infrastructure & Construction Limited, Lloyds Realty Limited, and Simon Developers & Infrastructure Private Limited each received approximately 98.76% approval. Transactions with Indrajit Properties Private Limited received 99.04% approval.

Lloyds Enterprises Limited announced that its material subsidiary, Lloyds Engineering Works Limited, has diluted its stake in Lloyds Advance Defence Systems Limited to 85%. The dilution follows a private placement of equity shares approved by the latter's shareholders on June 24, 2026. This changes the status of Lloyds Advance Defence Systems from a wholly-owned subsidiary to a subsidiary of Lloyds Engineering Works Limited.

Lloyds Advance Defence Systems was incorporated on December 11, 2025, as a wholly-owned subsidiary of Lloyds Engineering Works. The private placement involved the issuance of shares to the holding company and two other investors. The Board of Directors of Lloyds Advance Defence Systems approved the allotment of these equity shares on June 29, 2026.

The transaction was conducted for cash consideration. As a newly incorporated entity, Lloyds Advance Defence Systems reported a turnover of nil as of March 31, 2026. The company operates in the defence sector within India.

Key Details of Lloyds Advance Defence Systems

The disclosure was made to the exchanges under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information is also available on the company's website.