Lokesh Machines Limited, a prominent player in the Indian manufacturing sector, has announced a significant new order that could boost its revenue stream. The company has secured a contract worth Rs 7.84 crore from Sundaram-Clayton Limited, a leading auto components manufacturer.

Order Details

Key Points

1. Strategic Partnership: This order underscores Lokesh Machines' capability in producing specialized machinery for the automotive sector, potentially strengthening its position in the industry.

2. Execution Timeline: The company has a clear timeline to fulfill the order, with the execution deadline set for the end of January 2026 from the effective date of the contract.

3. Financial Implications: While the order value of Rs 7.84 crore may not be substantial in isolation, it contributes to the company's order book and could positively impact its revenue in the coming quarters.

4. Transparency: Lokesh Machines has confirmed that the transaction does not fall under related party transactions, and neither the promoters nor the promoter group have any interest in Sundaram-Clayton Limited.

Market Implications

This order comes at a time when the Indian manufacturing sector is showing signs of recovery. For Lokesh Machines, securing orders from established players like Sundaram-Clayton Limited could potentially lead to more business opportunities in the future.

The company's ability to provide specialized machinery such as Line Boring Machines and Gauging Systems demonstrates its technical capabilities and could be a differentiating factor in a competitive market.

Investors and market watchers will likely keep a close eye on how this order impacts Lokesh Machines' financial performance in the upcoming quarters, particularly in terms of revenue growth and order book status.

As the manufacturing sector continues to evolve, companies like Lokesh Machines that can provide specialized solutions may find themselves well-positioned to capitalize on the growing demand for advanced machinery in India's industrial landscape.

Lokesh Machines Limited , a prominent player in the machine tools industry, has announced significant changes to its board composition and auditor appointment during its 41st Annual General Meeting (AGM) held on September 26, 2025. The meeting, which took place via video conference, saw several key decisions that are set to shape the company's future governance and operations.

Board Reappointments and Continuations

Ms. Likhitha Mullapudi Re-appointed as Director

Ms. Likhitha Mullapudi, who retired by rotation, has been re-appointed as a director of the company. Ms. Mullapudi brings a strong educational background and relevant industry experience to the board. She holds a BE in Mechanical Engineering from PSG Institute of Advanced Studies, Coimbatore, India, and the University of Hartford, Connecticut, USA. Additionally, she has completed her ME in Mechanical Engineering with a specialization in manufacturing and management from the University of Hartford.

Her expertise in mechanical engineering, manufacturing, and operational aspects of the industry is expected to contribute significantly to Lokesh Machines' strategic direction. It's worth noting that Ms. Mullapudi is related to Mr. M. Srinivas, Mr. M. Srikrishna, and Mr. M. Lokeswara Rao, indicating a strong family presence in the company's leadership.

Mr. K. Krishna Swamy Continues as Non-Executive Director

In a move that underscores the company's commitment to leveraging experienced leadership, shareholders approved the continuation of Mr. K. Krishna Swamy as a Non-Executive Director for an extended period. His new term will run from September 26, 2025, to September 25, 2030, in accordance with Regulation 17(1A) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Krishna Swamy's reappointment brings over 47 years of extensive experience in machine tools design to the board. His career, which began at HMT in 1964, saw him rise to the position of Chief Engineer in charge of the design department from 1978 to 1983. His portfolio includes designing various notable machines such as Rotary Indexing Machines, Linear Transfer Machines, and Line Boring Machines.

New Auditor Appointment

In addition to the board changes, the AGM also saw the appointment of M/s. L.D. Reddy & Co., Company Secretaries, as the Secretarial Auditor for Lokesh Machines Limited. This appointment is set for a term of five consecutive years, ensuring continuity and stability in the company's auditing processes.

AGM Proceedings

The 41st AGM, chaired by Mr. D. Balaji, an Independent Director, in the absence of Board Chairman Mr. M. Yugandhar due to illness, commenced at 11:00 A.M. and concluded at 12:04 P.M. The meeting addressed various agenda items, including the adoption of financial statements for the year ended March 31, 2025, and the ratification of remuneration for Cost Auditors.

These strategic decisions at Lokesh Machines Limited's AGM reflect the company's focus on maintaining strong governance, leveraging experienced leadership, and ensuring compliance with regulatory requirements. As the company moves forward with these changes, stakeholders will be keen to observe how these appointments influence the company's performance and strategic direction in the competitive machine tools sector.

Lokesh Machines Limited, with its registered office in Hyderabad, continues to operate its manufacturing units in Balanagar, Bonthapally, Medchal, Toopran, and Ranjangaon-Pune, solidifying its presence in the Indian manufacturing landscape.