Loyal Equipments Limited held its 19th Annual General Meeting on September 29, 2026, through video conferencing. The meeting focused on the adoption of audited financial statements for FY26 and key directorial appointments.

The proceedings commenced at 11:12 am and concluded at 11:45 am. Chairman and Managing Director Alkeshkumar Patel chaired the session, addressing shareholders on the company's operations and financial performance for the year ended March 31, 2026. The meeting was conducted in compliance with Ministry of Corporate Affairs and SEBI circulars regarding virtual meetings.

Resolutions Passed

Shareholders considered four primary items of business, ranging from financial adoption to regulatory approvals. The resolutions were voted upon using remote e-voting facilities provided by the National Securities Depository Limited (NSDL).

Governance and Compliance

The company reported that the Statutory Audit Report for FY26 contained no qualifications. However, the Secretarial Audit Report included certain observations, which were read out alongside management responses. Three shareholder speakers participated virtually, with queries addressed by Chief Financial Officer Amit Patel.

The scrutinizer, SCS & Co. LLP, was tasked with compiling voting results. The consolidated results are scheduled to be declared within two working days and published on the company website. The meeting facilitated a hybrid voting model, allowing members who had not previously voted to cast ballots during the live session and for 15 minutes thereafter.

Loyal Equipments has provided a web-link to its Annual Report for FY26, confirming that the 19th Annual General Meeting (AGM) will be held on September 29, 2026. The disclosure follows a corrigendum issued on September 11, 2026, which corrected typographical errors in the initial notice.

The original notice, dated September 5, 2026, scheduled the meeting for September 29. The board approved the draft notice and Directors’ Report during a meeting held on September 5 at its registered office in Gandhinagar, Gujarat.

Governance Changes

The board noted the resignation of M/s. MSV & Associates as secretarial auditor due to professional commitments. Based on the Audit Committee’s recommendation, M/s. Mittal V. Kothari & Associates was appointed as the new secretarial auditor for FY27. This appointment requires shareholder approval at the AGM.

Director Re-Appointment

Whole-Time Director Ms. Hemaben Rameshchandra Patel retires by rotation at the ensuing AGM. The Nomination and Remuneration Committee recommended her re-appointment based on her performance evaluation. She holds 50,015 equity shares and has over 15 years of administrative experience.

Loan Approval Resolution

Shareholders will approve a special resolution under Section 185 of the Companies Act, 2013. This allows the board to provide loans, guarantees, or security to group entities up to ₹50 crore at any point during FY27. The corrigendum clarified that the explanatory statement for this item was inadvertently omitted from the initial notice.

Annual Report Availability

Pursuant to Regulation 36(1)(b) of the SEBI Listing Regulations, the company sent letters with the web-link to members who have not registered their email addresses. The report is available on the company website under Investor Relations > Annual Reports.

AGM Logistics

The 19th AGM will be conducted via Video Conferencing (VC/OAVM) starting at 11:00 am on September 29, 2026. Key logistical details include:

• Appointment of National Securities Depository Limited (NSDL) as the e-voting agency.
• Appointment of M/s. SCS and Co. LLP as the scrutinizer.
• Remote e-voting period: September 26, 2026 (9:00 am) to September 28, 2026 (5:00 pm).
• Record date for voting eligibility: September 22, 2026.