Lokesh machines Limited has published its newspaper advertisement for the upcoming Extraordinary General Meeting following the board's earlier approval of significant corporate developments on March 06, 2026. The company has formally notified shareholders about the EGM proceedings through advertisements in Financial Express (English) and Nava Telangana (Telugu) newspapers on March 13, 2026.

EGM Schedule and Participation Details

The Extraordinary General Meeting will be conducted through Video Conferencing and Other Audio-Visual Means on April 03, 2026, at 11:00 AM IST. The meeting has been organized in compliance with the Companies Act, 2013, and relevant SEBI regulations.

E-Voting Schedule and Process

Shareholders can participate in remote e-voting through NSDL's platform, with specific timelines established for the voting process. The company has provided comprehensive instructions for electronic participation.

Book Closure and Share Transfer Suspension

Pursuant to Section 91 of the Companies Act, 2013, the company's Register of Members and Share Transfer Books will remain closed for an extended period covering the EGM proceedings.

Authorized Share Capital Enhancement

The EGM will address the board's earlier proposal for substantial increase in authorized share capital structure to accommodate future growth and funding requirements.

Preferential Allotment Proposal

The meeting will seek shareholder approval for preferential allotment of securities to promoter and public categories at a predetermined price of Rs. 181.71 per share.

Regulatory Compliance and Documentation

The company has fulfilled all regulatory requirements under SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. P. Kodanda Rami Reddy, Company Secretary & Compliance Officer, has coordinated the publication and notification process. L.D. Reddy & Co. Practising Company Secretaries have been appointed as scrutinizers for the EGM proceedings.

Lokesh Machines Limited has disclosed receiving fine notices from both BSE and NSE for non-compliance with board composition regulations under SEBI LODR Regulations. The regulatory breach occurred during the quarter ended December 31, 2025, following the resignation of an independent director, leading to violations of Regulation 17(1) requirements.

Fine Details and Financial Impact

The stock exchanges have imposed penalties on the company for the regulatory non-compliance:

Board Meeting and Formal Response

The company's board of directors convened on March 06, 2026, to deliberate on the penalties imposed by both exchanges. The board formally acknowledged the temporary non-compliance with Regulation 17(1) of SEBI Listing Regulations and reviewed the circumstances leading to the regulatory breach.

Regulatory Constraints Under Arms Act

The board emphasized that as a manufacturer of small arms, Lokesh Machines Limited operates under stringent provisions of the Arms Act, 1959, and Arms Rules, 2016. The company faces mandatory regulatory requirements that contributed to the compliance delay:

• Prior approval from the Ministry of Home Affairs (MHA) is mandatory for any directorship changes
• Applications for new directors must be submitted 90 days in advance
• Security clearance proforma and self-declarations are required for all proposed directors
• Physical submission of applications to the Arms Section is mandatory

Waiver Application and Legal Justification

The board has formally advised management to submit waiver applications to both stock exchanges, emphasizing that the temporary non-compliance arose solely due to mandatory MHA approval requirements beyond the company's control. The applications have been filed in accordance with the Policy for Exemption of Fines levied under the SEBI SOP Circular.

Compliance Commitment and Transparency

The board has reiterated its commitment to maintaining high standards of corporate governance and compliance with all applicable regulatory requirements. The company has made comprehensive disclosures in compliance with Regulation 30 of SEBI LODR Regulations, with all relevant information available on the company's website at www.lokeshmachines.com .