Loyal Equipments Limited , a key player in the industrial equipment sector, has announced a significant business development that could potentially boost its market position. The company has received a substantial purchase order from Indian Oil Corporation Limited (IOCL), one of India's largest oil and gas companies.

Order Details

This new order marks an important milestone for Loyal Equipments, as it not only represents a sizeable contract but also strengthens its relationship with a major player in the oil and gas industry.

Project Scope

The purchase order specifically calls for the supply of Air Fin Cooler Assembly to IOCL's Mathura Refinery. Air fin coolers are crucial components in refineries, used for cooling process fluids in various refining operations. This order underscores Loyal Equipments' capability in manufacturing specialized industrial equipment for the oil and gas sector.

Execution and Implications

With an execution timeline of 8 months, this project will likely keep Loyal Equipments' production facilities busy in the coming quarters. The successful completion of this order could potentially open doors for more contracts from IOCL and other major players in the refinery sector.

This development is particularly noteworthy as it comes at a time when many industries are focusing on upgrading and expanding their infrastructure. For Loyal Equipments, securing such orders from prestigious clients like IOCL could contribute significantly to its order book and future revenue streams.

While this order is a positive development, investors and market watchers will likely keep an eye on the company's ability to execute the project within the stipulated timeframe and maintain its quality standards. The successful completion of this project could potentially enhance Loyal Equipments' reputation in the industry and lead to more such high-value orders in the future.

Loyal Equipments Limited , a prominent player in the industrial equipment sector, successfully conducted its 18th Annual General Meeting (AGM) on September 30, 2025, through video conferencing. The company reported a strong shareholder turnout, with all nine resolutions passing unanimously.

Shareholder Participation and Voting Results

The AGM saw active participation from shareholders, with 7,880,572 votes cast, representing 73.04% of the company's outstanding shares. Notably, all resolutions received 100% approval, with zero votes against any proposal. The meeting was attended by 38 shareholders via video conferencing, including 4 from the promoter and promoter group and 34 from the public.

Key Resolutions Passed

1. Financial Statements and Dividend: Shareholders approved the audited financial statements for the fiscal year 2024-25 and declared a final dividend of Rs. 1.00 per equity share.

2. Board Appointments and Reappointments:

   • Mr. Alkesh Rameshchandra Patel was re-appointed as Managing Director for a five-year term with an increased remuneration package.
   • Ms. Helena Alkeshkumar Patel was re-appointed as a director.
   • Three new Independent Directors were regularized: Mr. Vikas Sharma, Mr. Pradeep Kumar Agarwal, and Mr. Sharad Vyas.
   • Mrs. Hema Maheshkumar Patel's appointment as Whole-Time Director was regularized, along with an increase in her remuneration.

3. Auditor Appointment: M/s. MSV & Associates were appointed as Secretarial Auditors for a five-year term from FY 2025-26 to FY 2029-30.

Voting Process

The company facilitated remote e-voting from September 27 to September 29, 2025, with Mr. Arpit Gupta, a Practicing Chartered Accountant, serving as the scrutinizer. The e-voting results, combined with the votes cast during the AGM, showed unanimous support for all resolutions.

Management Commentary

Alkesh Rameshchandra Patel, Managing Director of Loyal Equipments Limited, stated, "We are pleased with the overwhelming support from our shareholders. The unanimous approval of all resolutions reflects their trust in our strategic direction and governance practices. We remain committed to delivering value to our stakeholders and driving sustainable growth."

The successful AGM and the strong shareholder support demonstrate Loyal Equipments Limited's solid corporate governance and the confidence investors have in the company's leadership and future prospects.