Loyal Equipments Limited , a prominent player in the equipment manufacturing sector, held its 18th Annual General Meeting (AGM) on September 30, 2025, marking significant changes in its leadership structure and financial decisions. The virtual meeting, which ran from 11:00 AM to 11:45 AM, saw the approval of several key resolutions that are set to shape the company's future trajectory.

Dividend Declaration

In a move that will likely please shareholders, the company approved a final dividend of ₹1.00 per equity share for the financial year 2024-25. This decision underscores the company's commitment to delivering value to its investors, even as it navigates the complex landscape of the manufacturing sector.

Leadership Reshuffling

The AGM was notable for the several leadership changes it ratified:

Managing Director Reappointment

Mr. Alkesh Rameshchandra Patel, a veteran with over 32 years of experience in the equipment manufacturing sector, was reappointed as the Managing Director for another five-year term, from September 3, 2025, to September 2, 2030. The shareholders also approved an increase in his remuneration, reflecting confidence in his leadership.

New Independent Directors

The company welcomed three new Independent Directors to its board:

1. Mr. Vikas Sharma (44 years old): Brings 22 years of experience in SAP & IT systems, business process management, and corporate governance.
2. Mr. Pradeep Kumar Agarwal (36 years old): Contributes over 8 years of expertise in accounting and taxation.
3. Mr. Sharad Vyas (35 years old): Offers more than 6 years of specialized experience in company law, securities law, and corporate legal matters.

Whole-Time Director Appointment

Mrs. Hema Maheshkumar Patel, sister of Managing Director Mr. Alkesh Patel, was appointed as a Whole-Time Director for a five-year term from September 30, 2025, to September 29, 2030. With over 14 years of administrative experience, her appointment also comes with increased remuneration limits.

Corporate Governance Enhancement

In a move to strengthen its corporate governance practices, Loyal Equipments Limited appointed M/s MSV & Associates as the Secretarial Auditors for a period of five consecutive financial years, from 2025-26 to 2029-30. Led by Mr. Vivek Sharma, a Fellow Member of ICSI with over 10 years of experience, the firm brings expertise in corporate compliance, SEBI regulations, and capital market compliances.

Shareholder Participation

The AGM saw active participation from shareholders, with 38 members representing 80,57,648 equity shares attending the virtual meeting. The company utilized remote e-voting and e-voting during the AGM to ensure broad participation in the decision-making process.

As Loyal Equipments Limited embarks on this new phase with a refreshed leadership team and strategic financial decisions, stakeholders will be keenly watching how these changes translate into the company's performance and market position in the coming years.

Loyal Equipments has announced a series of significant corporate actions, including a dividend declaration and the scheduling of its 18th Annual General Meeting (AGM). The company's Board of Directors, in a meeting held on September 3, 2025, made several key decisions that are set to impact shareholders and the company's governance structure.

Dividend Announcement and Record Date

The Board has recommended a final dividend of Rs. 1.00 per equity share, representing a 10% payout on shares with a face value of Rs. 10.00 each for the financial year 2024-25. This dividend is subject to shareholder approval at the upcoming AGM. The company has set September 23, 2025, as the record date for determining shareholder eligibility for the dividend payment.

18th Annual General Meeting

Loyal Equipments has scheduled its 18th AGM for September 30, 2025, at 11:00 A.M. The meeting will be conducted through video conferencing (VC) or other audio-visual means (OAVM), in line with modern corporate practices. The company has also announced that the register of members and share transfer books will remain closed from September 24, 2025, to September 30, 2025 (both days inclusive) for the purpose of the AGM.

Board Restructuring and Appointments

The company has undergone significant changes in its board composition:

• Mr. Alkesh Rameshchandra Patel has been re-appointed as the Managing Director for a further period of five years, from September 3, 2025, to September 2, 2030, subject to shareholder approval.
• Mrs. Hema Maheshkumar Patel's appointment as a Whole-Time Director is set for regularization at the AGM, for a five-year term starting September 30, 2025.
• Three new Additional Directors have been appointed as Non-Executive Independent Directors: Mr. Vikas Sharma, Mr. Pradeep Kumar Agarwal, and Mr. Sharad Vyas. Their appointments are for an initial term of five years, commencing from September 3, 2025.
• The company also announced the cessation of three Independent Directors: Mr. Babubhai Bhulabhai Patel, Mr. Girish Nathubhai Desai, and Mr. Kalpesh Lalitchandra Joshi, effective September 3, 2025.

Committee Reconstitution

Following these board changes, Loyal Equipments has reconstituted its key committees:

Other Key Appointments

The company has also made appointments in other crucial roles:

• M/s J.M. Patel & Bros Chartered Accountants have been appointed as Internal Auditors for the financial year 2025-2026.
• M/s. MSV & Associates, Practicing Company Secretaries, have been appointed as Secretarial Auditors for a term of five years, from FY 2025-26 to FY 2029-30.

These corporate actions reflect Loyal Equipments' commitment to maintaining strong corporate governance and rewarding its shareholders. The dividend announcement, subject to approval, signals the company's financial health and shareholder-friendly approach. Meanwhile, the board restructuring and new appointments indicate a strategic move towards strengthening the company's leadership and oversight mechanisms.

Shareholders and potential investors should note the important dates, particularly the September 23, 2025 record date for dividend eligibility and the September 30, 2025 AGM date. The outcomes of these corporate actions, especially the dividend approval and the ratification of new board appointments, will be crucial in shaping the company's future direction and shareholder value.