Lloyds Engineering Works Limited has received regulatory approval for relocating its wholly owned subsidiary's registered office from Gujarat to Maharashtra. The company disclosed this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 on March 03, 2026.

The Regional Director, Ahmedabad, Gujarat, Ministry of Corporate Affairs has approved the shifting of Techno Industries Private Limited's registered office from Gujarat to Maharashtra. The order was passed on February 27, 2026, and the certified copy was received by the company on March 02, 2026.

Relocation Details

The subsidiary's registered office will be relocated to enhance operational efficiency and business economics. The following table outlines the key details of this corporate restructuring:

Regulatory Compliance and Implementation

The relocation approval came through an application filed under Section 13(4) of the Companies Act, 2013, supported by a special resolution passed on October 25, 2025. The Regional Director confirmed that no complaints, inquiries, inspections, investigations, or prosecutions were pending against the subsidiary.

The shifting will become effective upon completion of specific regulatory requirements:

• Filing the certified copy of the order with the Registrar of Companies of both Gujarat and Maharashtra
• Obtaining a fresh Certificate of Incorporation from the Registrar of Companies
• Ensuring no adverse impact on employee interests through transfer or retrenchment
• Maintaining jurisdictional continuity for any pending legal proceedings

Business Impact Assessment

The company emphasized that this relocation pertains specifically to its wholly owned subsidiary and will not impact the operations or status of the listed entity. The move from Ahmedabad's industrial area to Mumbai's Lower Parel business district aligns with the subsidiary's strategic objectives for improved operational management and business development.

The approval process involved comprehensive regulatory scrutiny, including verification of the company's compliance status and confirmation of no pending regulatory issues. The Regional Director's order includes specific conditions to protect employee interests and maintain legal continuity during the transition process.

Lloyds Engineering Works Limited has announced the Board of Directors' approval for the reappointment of an Independent Director through a circular resolution passed on February 26, 2026. The decision was made based on recommendations from the Nomination and Remuneration Committee and is subject to shareholder approval.

Director Reappointment Details

The Board approved the reappointment of Mr. Kumar Mohanlal Pradhan (DIN: 02749508) as a Non-Executive Independent Director for a second term. The reappointment follows the provisions of Section 149 and other applicable sections of the Companies Act, 2013, along with Schedule IV and relevant SEBI (LODR) Regulations, 2015.

Professional Background

Mr. Pradhan, aged 67 years, brings extensive banking sector experience to the Board. His professional journey spans 37 years across multiple prestigious financial institutions and departments.

Career Highlights:

• Started career with Indian Airlines
• Worked with Reserve Bank of India and Bank of India
• Joined Industrial Development Bank of India (IDBI) in 1983
• Retired as General Manager from IDBI
• Served as Chief Executive Incharge at Investor Services of India Limited (IDBI subsidiary) for three years

Areas of Expertise:

• Project Finance and Resource Management
• Central Administration and Strategic Planning
• Research and Central Accounts
• Human Resources and Business Development
• Recovery and NPA Management
• Audit and Risk Assessment

Shareholder Approval Process

The Board has approved the Notice of Extraordinary General Meeting (EGM) to seek member approval for the reappointment. The EGM is scheduled for Friday, March 27, 2026, where shareholders will vote on this proposal.

Regulatory Compliance

The company has fulfilled all disclosure requirements under Regulation 30 of SEBI (LODR) Regulations, 2015. Key compliance aspects include:

• Mr. Pradhan is not related to any other Director of the company
• He holds no directorships in other listed entities
• No debarment orders exist against him from SEBI or other authorities
• All material information has been disclosed as per regulatory requirements

The reappointment reflects the company's commitment to maintaining experienced independent oversight and governance standards in line with regulatory frameworks.