Loyal Equipments has announced a series of significant corporate actions, including a dividend declaration and the scheduling of its 18th Annual General Meeting (AGM). The company's Board of Directors, in a meeting held on September 3, 2025, made several key decisions that are set to impact shareholders and the company's governance structure.

Dividend Announcement and Record Date

The Board has recommended a final dividend of Rs. 1.00 per equity share, representing a 10% payout on shares with a face value of Rs. 10.00 each for the financial year 2024-25. This dividend is subject to shareholder approval at the upcoming AGM. The company has set September 23, 2025, as the record date for determining shareholder eligibility for the dividend payment.

18th Annual General Meeting

Loyal Equipments has scheduled its 18th AGM for September 30, 2025, at 11:00 A.M. The meeting will be conducted through video conferencing (VC) or other audio-visual means (OAVM), in line with modern corporate practices. The company has also announced that the register of members and share transfer books will remain closed from September 24, 2025, to September 30, 2025 (both days inclusive) for the purpose of the AGM.

Board Restructuring and Appointments

The company has undergone significant changes in its board composition:

• Mr. Alkesh Rameshchandra Patel has been re-appointed as the Managing Director for a further period of five years, from September 3, 2025, to September 2, 2030, subject to shareholder approval.
• Mrs. Hema Maheshkumar Patel's appointment as a Whole-Time Director is set for regularization at the AGM, for a five-year term starting September 30, 2025.
• Three new Additional Directors have been appointed as Non-Executive Independent Directors: Mr. Vikas Sharma, Mr. Pradeep Kumar Agarwal, and Mr. Sharad Vyas. Their appointments are for an initial term of five years, commencing from September 3, 2025.
• The company also announced the cessation of three Independent Directors: Mr. Babubhai Bhulabhai Patel, Mr. Girish Nathubhai Desai, and Mr. Kalpesh Lalitchandra Joshi, effective September 3, 2025.

Committee Reconstitution

Following these board changes, Loyal Equipments has reconstituted its key committees:

Other Key Appointments

The company has also made appointments in other crucial roles:

• M/s J.M. Patel & Bros Chartered Accountants have been appointed as Internal Auditors for the financial year 2025-2026.
• M/s. MSV & Associates, Practicing Company Secretaries, have been appointed as Secretarial Auditors for a term of five years, from FY 2025-26 to FY 2029-30.

These corporate actions reflect Loyal Equipments' commitment to maintaining strong corporate governance and rewarding its shareholders. The dividend announcement, subject to approval, signals the company's financial health and shareholder-friendly approach. Meanwhile, the board restructuring and new appointments indicate a strategic move towards strengthening the company's leadership and oversight mechanisms.

Shareholders and potential investors should note the important dates, particularly the September 23, 2025 record date for dividend eligibility and the September 30, 2025 AGM date. The outcomes of these corporate actions, especially the dividend approval and the ratification of new board appointments, will be crucial in shaping the company's future direction and shareholder value.

Loyal Equipments Limited has reported a significant increase in profitability for the first quarter, despite flat revenue growth. The company's financial performance demonstrates improved operational efficiency and effective cost management strategies.

Financial Highlights

Profit Growth Amid Revenue Stagnation

Loyal Equipments has managed to significantly boost its bottom line despite facing challenges in revenue growth. The company's net profit after tax surged to Rs. 101.32 lakhs, marking a substantial 70% increase from Rs. 59.62 lakhs reported in the corresponding quarter of the previous year.

The impressive profit growth came even as the total income from operations remained flat at Rs. 1158.00 lakhs. This performance suggests that Loyal Equipments has successfully implemented cost-cutting measures and improved its operational efficiency to enhance profitability.

Improved Earnings Per Share

The company's earnings per share (EPS) saw a notable improvement, rising to Rs. 0.94 from Rs. 0.58 in the same period last year. This increase in EPS directly reflects the company's enhanced profitability and could potentially benefit shareholders.

Stable Equity Share Capital

Loyal Equipments' equity share capital remained unchanged at Rs. 1079.00 lakhs, indicating no new share issuances during the quarter.

Management Commentary

While specific management comments were not provided in the available data, the financial results suggest that Loyal Equipments' leadership has successfully navigated a challenging business environment. The company's ability to significantly increase profitability without corresponding revenue growth points to effective cost management and operational streamlining.

Looking Ahead

As Loyal Equipments continues to demonstrate strong profit growth, investors and market watchers will likely keep a close eye on the company's ability to maintain this momentum and potentially drive revenue growth in future quarters. The company's focus on operational efficiency appears to be yielding positive results, setting a solid foundation for future performance.

Investors are advised to monitor future announcements and financial reports from Loyal Equipments for a more comprehensive understanding of the company's strategic direction and growth prospects.