Loyal Equipments issued a corrigendum to its 19th Annual General Meeting (AGM) notice on September 11, 2026. The company corrected typographical errors and incorporated a missing explanatory statement for a key special resolution.

The original notice, dated September 5, 2026, scheduled the AGM for September 29, 2026. The board held its meeting on September 5 at its registered office in Gandhinagar, Gujarat, approving the draft notice and Directors’ Report for FY26.

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.

AGM Logistics

The 19th AGM will be conducted via Video Conferencing (VC/OAVM) starting at 11:00 am IST 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.

Loyal Equipments reported a net profit of ₹137.64 lakh for the quarter ended June 30, 2026, marking a 36% year-on-year increase from ₹101.32 lakh in Q1FY25. The Gujarat-based manufacturer of industrial equipment saw revenue from operations jump 66% to ₹1,884.84 lakh from ₹1,133.18 lakh in the prior year period, signaling robust demand momentum in its core segment. This growth underscores the company’s ability to scale operations efficiently while maintaining profitability.

The Board of Directors approved the unaudited standalone financial results on August 06, 2026, at its meeting held at the registered office in Gandhinagar. The results were reviewed by the Audit Committee and subjected to a limited review by the statutory auditors, A Y & Company, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The financial statements were prepared in accordance with Indian Accounting Standard 34 (Ind AS 34) for interim financial reporting.

Financial Performance Overview

The company’s total income stood at ₹1,896.12 lakh, up from ₹1,158.00 lakh in Q1FY25. While other income declined slightly to ₹11.29 lakh from ₹24.82 lakh, the substantial growth in operating revenue drove the top-line expansion. Total expenses rose to ₹1,725.55 lakh from ₹1,057.04 lakh, primarily due to higher raw material consumption and employee benefit expenses, which scaled with increased production volumes.

Profit before tax increased by nearly 69% to ₹170.57 lakh. Tax expenses for the quarter amounted to ₹32.93 lakh, comprising current tax of ₹38.53 lakh offset by deferred tax benefits of ₹5.60 lakh. Earnings per share (basic) rose to ₹1.28 from ₹0.94 in the same period last year.

What the Numbers Show

The divergence between revenue growth (66%) and expense growth (63%) highlights improved operating leverage in Q1FY26. Although cost of raw materials consumed increased significantly to ₹894.08 lakh from ₹642.26 lakh, the company maintained its profitability trajectory. The absence of exceptional items or discontinued operations indicates that the profit growth was entirely operational, derived from the manufacturing segment. With no subsidiaries or joint ventures, the standalone figures reflect the entire group performance, offering a clear view of the company’s core business health.

The Board also authorized key managerial personnel, including the Chairman and Managing Director, Whole-Time Director, Company Secretary, and Chief Financial Officer, to determine the materiality of events for stock exchange disclosures. As of June 30, 2026, the company had no pending investor complaints and continues to operate under ISO 9001:2015 and ASME certifications.