Lokesh Machines Limited held its 42nd Annual General Meeting on September 22, 2026, where members adopted the audited financial statements for the fiscal year ended March 31, 2026. The meeting, conducted via video conferencing, also saw the re-appointment of a director retiring by rotation.

The company confirmed that the requisite quorum was present, with all directors, including the chairpersons of the Nomination and Remuneration Committee and Stakeholder Relationship Committee, in attendance. Statutory and secretarial auditors were also present during the proceedings.

Key resolutions passed

The following items of business were transacted at the meeting:

• Adoption of audited financial statements for FY26, along with Board and Auditor reports.
• Appointment of Mr. K. Krishna Swamy as director in place of himself, who retired by rotation and was eligible for re-appointment.
• Ratification of remuneration for Cost Auditors.

The company stated that voting results would be submitted upon receipt of the Scrutinizer’s report. A total of 71 members attended the meeting, which commenced at 11:00 am and concluded at 12:16 pm.

Meeting details

Lokesh Machines appointed G. Ranganath as Vice President - Operations on September 17, 2026. The company also designated him as Senior Management Personnel under SEBI Listing Regulations.

The appointment is effective immediately for full-time employment. Mr. Ranganath brings 30 years of industry experience, specializing in Plant Operations and Operational Excellence. His background includes roles at Rane Brake Linings Limited, JK Fenner India Limited, Rane Engine Valve Limited, and Endurance Technologies Limited.

Profile Highlights

Mr. Ranganath holds a degree in Mechanical Engineering and an MBA in Operations Management. He possesses expertise in enhancing PQCDSM parameters through Total Quality Management (TQM) practices. Additionally, he serves as an internal coach and trainer, having developed business leaders within enterprises and spearheaded leadership initiatives across supply chains.

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. No relationships between directors were disclosed in connection with this appointment.