Lokesh Machines Limited has issued an official postal ballot notice dated December 29, 2025, to the stock exchanges seeking shareholder approval for the regularisation of its recently appointed Independent Director. The company filed the notice with BSE Limited and National Stock Exchange of India Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Postal Ballot Notice Details

The postal ballot seeks approval for the regularisation of Wg Cdr Kolkappadam Vadavatath Sanil Babu (retd) as a Non-Executive Independent Director through a special resolution. The company has engaged National Securities Depository Limited (NSDL) as its agency for providing e-voting facility to members.

E-Voting Timeline and Process

The company has established a comprehensive timeline for the postal ballot process to ensure proper shareholder participation through remote e-voting.

Regulatory Compliance and Documentation

The postal ballot notice has been filed with both BSE Limited (Scrip Code: 532740) and National Stock Exchange of India Limited (Company Code: LOKESHMACH) as required under regulatory guidelines. The notice is also available on the company's website at https://www.lokeshmachines.com/investment-center.php?key=shareholders-meeting for shareholder access.

Director's Background

Wg Cdr Sanil Babu was initially appointed as an additional director during the November 11, 2025 board meeting. He brings extensive experience from his military background with expertise in aerospace & defence operations, production management, strategic planning, plant operations, aviation maintenance, operational excellence, sales and marketing, project management, quality systems, and capability building.

This regularisation process demonstrates Lokesh Machines Limited's commitment to proper corporate governance procedures and ensures that all director appointments receive appropriate shareholder approval as mandated under corporate regulations.

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.