Lloyds Engineering Works Limited has bolstered its board with the appointment of two new Independent Directors, bringing valuable expertise in sustainability and engineering to the company.

New Appointments

The company has appointed Mrs. Alka Upadhyay and Mr. Ashok Tandon as Independent Directors for a term of five consecutive years. The appointments were recommended by the Nomination and Remuneration Committee, approved by the Board of Directors on July 1, 2025, and subsequently ratified by shareholders at the 31st Annual General Meeting held on August 21, 2025.

Terms of Appointment

• Mrs. Alka Upadhyay's term runs from July 1, 2025 to September 30, 2029.
• Mr. Ashok Tandon's term spans from July 2, 2025 to September 30, 2029.

Expertise of New Directors

Mrs. Alka Upadhyay

Mrs. Upadhyay, 54, brings nearly three decades of experience in sustainability and ESG (Environmental, Social, and Governance) to the board. Her career highlights include:

• Partner at CCaSS practice of Ernst & Young (EY) India until March 2025
• 24 years with the Tata Group, spearheading group-wide ESG transformation
• Expertise in business development, low-carbon strategy, and operational excellence
• Instrumental in crafting and implementing low-carbon strategies for over 25 Tata companies
• Recipient of the Young Metallurgist Award from the Ministry of Steel, Government of India
• Alumna of the Harvard Business School through Senior Executive Leadership Program
• Holds a degree in Metallurgical Engineering from BIT Sindri

Mr. Ashok Tandon

Mr. Tandon, 66, is a mechanical engineer with over 40 years of experience in various industrial sectors. His profile includes:

• Extensive experience in Engineering, Steel, Oil & Refinery, and Capital Equipment/EPC sectors
• Held senior leadership roles in reputed organizations including HPCL, Ispat Industries, and the Welspun Group
• Served as Profit Centre Head for Strategic Business Units for over 27 years
• Strong track record in business leadership, strategic planning, and project execution
• Graduate in Mechanical Engineering from SGS Institute of Technology & Science, Indore

Board Independence

Both Mrs. Upadhyay and Mr. Tandon are not related to any other company directors and hold no directorships in other listed entities, ensuring their independence on the board.

Shareholder Approval

The appointments of Mrs. Upadhyay and Mr. Tandon were overwhelmingly approved by shareholders at the Annual General Meeting:

These appointments reflect Lloyds Engineering Works' commitment to strengthening its board with diverse expertise in crucial areas such as sustainability, ESG, and engineering, which are likely to contribute significantly to the company's future growth and strategic direction.

Lloyds Engineering Works Limited (LEWL) has announced a significant development for its subsidiary, marking a strategic entry into the railway sector. The company's 88%-owned subsidiary, Techno Industries Private Limited (TI), has secured a ₹19.58 crore order from Mumbai Railway Vikas Corporation Limited, bolstering its position in the infrastructure and engineering space.

Contract Details

The newly acquired contract encompasses a comprehensive scope of work, including:

• Design
• Manufacturing
• Supply
• Installation
• Testing
• Commissioning
• Maintenance of escalators

This order represents a pivotal moment for Techno Industries, as it signifies the company's expansion beyond its traditional market in Gujarat and into the promising railway sector.

Financial Impact

With the addition of this new contract, Techno Industries' confirmed order book has seen a substantial increase, now standing at ₹82.86 crore. This growth in the order book underscores the company's successful efforts in diversifying its project portfolio and expanding its market reach.

Strategic Implications

The securing of this contract aligns with Lloyds Engineering Works' broader growth strategy, which includes:

1. Diversification into tier-2 and tier-3 markets
2. Expansion into industrial elevators and parking systems
3. Exploration of export markets

This move into the railway sector, particularly outside of Gujarat, demonstrates the company's commitment to geographical expansion and sector diversification.

Company Outlook

Mukesh Rajnarayan Gupta, Chairman and Whole Time Director of Lloyds Engineering Works Limited, expressed optimism about the company's future prospects. The Indian Railways sector is viewed as offering vast and sustained growth opportunities, and this contract serves as a significant entry point for Techno Industries to establish a strong, long-term presence in this high-potential market.

Lloyds Engineering Works Limited, with its state-of-the-art manufacturing facilities in Murbad, Thane, and headquarters in Mumbai, is well-positioned to leverage its expertise in providing complete engineering and infrastructure solutions. The company's capabilities span various sectors, including the carbon sector, oil & gas, steel plants, power plants, and nuclear plant boilers.

As Lloyds Engineering and its subsidiary Techno Industries continue to expand their footprint in the infrastructure sector, this new contract marks a promising step towards capturing the rising demand for elevators, escalators, motors, and pumps in India's growing institutional infrastructure landscape.