Lokesh Machines Limited , a prominent player in the manufacturing sector, has announced significant corporate developments following its recent board meeting. The company's Board of Directors convened on November 11, 2025, to discuss and approve key matters, including financial results and a new appointment to the board.

Financial Results Approval

The board has approved the un-audited financial results for the quarter and half-year ended September 30, 2025. This approval includes:

• Statement of Un-audited financial results
• Statement of Assets and Liabilities
• Segment-wise revenue
• Cash Flow Statement

These financial documents were accompanied by a Limited Review Report, ensuring compliance with regulatory standards.

New Independent Director Appointment

In a move to strengthen its leadership, Lokesh Machines Limited has appointed Mr. Kolkappadam Vadavatah Sanil Babu as an additional Non-Executive Independent Director.

Mr. Sanil Babu brings a wealth of experience to the board, with comprehensive expertise in:

• Plant Operations & Production Management
• Aviation Maintenance Operations & Technical Services
• Operational Excellence & Lean practices
• Sales, Marketing & Business Development
• Project & Program Management
• Strategic Planning & Execution
• Quality Systems & Audits
• Training, Mentoring & Capability Building

His appointment is expected to contribute significantly to the company's strategic direction and operational excellence.

Regulatory Compliance

The company has affirmed that Mr. Sanil Babu has not been debarred from holding the office of Director by SEBI or any other authority. Additionally, it was disclosed that he is not related to any existing director of the company, ensuring independence in his role.

These developments underscore Lokesh Machines Limited's commitment to corporate governance and strategic growth. The approval of financial results and the addition of a seasoned professional to the board signal the company's focus on transparency and strengthening its leadership team.

The board meeting, which commenced at 12:10 PM (IST) and concluded at 02:45 PM (IST), marks a significant day for Lokesh Machines Limited as it positions itself for future challenges and opportunities in the manufacturing sector.

Lokesh Machines Limited , a player in the machinery and components sector, has announced its financial results for the second quarter of the fiscal year 2026, ending September 30, 2025. The company reported a mixed bag of results, showing growth in revenue but facing challenges on the international front.

Financial Highlights

The company's performance for Q2 FY26 and H1 FY26 is summarized in the table below:

Segment-wise Performance

Lokesh Machines operates through two main segments:

1. Machinery Division: Reported revenue of Rs 4,897.86 lakhs
2. Components Division: Generated revenue of Rs 165.75 lakhs

Corporate Actions

During the quarter, the company saw significant corporate action:

• 2,43,398 warrants were converted into equity shares by promoters
• No warrants remain pending for conversion

US Treasury Sanctions

In a challenging turn of events, Lokesh Machines found itself on the US Treasury Department's sanctions list, published on October 30, 2024. This development has prevented the company from engaging in foreign currency transactions, potentially impacting its international operations.

Management Response

The company's management has taken swift action to address the sanctions issue:

• An application has been filed through a US-based law firm on January 31, 2025
• The company is seeking expedited removal from the sanctions list

Market Perspective

While the company has shown growth in its top line, the sanctions issue presents a significant challenge that investors should monitor closely. The management's proactive approach in addressing this issue is a positive sign, but the outcome and its impact on future operations remain uncertain.

Financial Trends

Analyzing the company's financial data over the past year:

The company has shown resilience in its revenue and EBITDA figures, with a notable recovery in net profit compared to the previous quarters.

Investors and stakeholders will be keenly watching how Lokesh Machines navigates the challenges posed by the US sanctions while maintaining its operational growth. The company's ability to resolve this issue promptly will be crucial for its international business prospects and overall financial health in the coming quarters.