Lokesh Machines Limited members voted in favour of all three resolutions at the 42nd Annual General Meeting held on September 22, 2026. The results, disclosed to stock exchanges, confirm the adoption of FY26 financial statements and the re-appointment of a director.

The meeting, conducted via video conferencing, saw a total of 106.69 lakh votes polled out of 217.97 lakh outstanding shares, representing a participation rate of 48.95%. Promoter and promoter group members held 107.18 lakh shares and voted unanimously in favour of all items. Public non-institutional investors, holding 110.79 lakh shares, cast 11.84 lakh votes.

Voting breakdown by resolution

The Scrutinizer’s report details the specific vote counts for each agenda item:

For the adoption of audited financial statements (Resolution 1), promoters cast 10,550,834 votes in favour with zero dissent. Public non-institutional shareholders recorded 118,380 votes in favour and 22 against.

Director re-appointment details

Resolution 2 concerned the re-appointment of Mr. Kallahalla Krishna Swamy (DIN: 00840887), who retired by rotation. This resolution was the only one where promoter interest was declared as 'Yes'. While promoters again voted unanimously, public non-institutional shareholders registered higher dissent compared to other resolutions, with 646 votes cast against the re-appointment out of 118,404 total votes from this category. The overall support remained strong at 99.9939%.

Resolution 3, regarding the ratification of remuneration for Cost Auditors, saw minimal dissent. Promoters supported the motion unanimously, while public non-institutional shareholders cast 118,377 votes in favour and 25 against.

Meeting logistics and attendance

The AGM commenced at 11:00 am and concluded at 12:16 pm. A total of 71 members attended the virtual meeting. The requisite quorum was present, with all directors, including chairpersons of the Nomination and Remuneration Committee and Stakeholder Relationship Committee, in attendance. Statutory and secretarial auditors were also present.

Remote e-voting facilities were provided by National Securities Depository Limited (NSDL). The voting period commenced on September 18, 2026, at 9:00 am and ended on September 21, 2026, at 5:00 pm. Shareholders holding shares as on the cut-off date of September 15, 2026, were entitled to vote.

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.