Loyal equipments Limited has issued a clarification to BSE Limited regarding significant price movement in its securities, responding to the exchange's query under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's response, dated 07/03/2026, addresses BSE's letter reference no. L/SURV/ONL/PV/APJ/2025-2026/3409 seeking explanation for recent price volatility.

Company's Response to BSE Query

The company confirmed its compliance with SEBI LODR Regulations 2015 and emphasized its commitment to prompt reporting of all material events. Key aspects of the response include:

Management's Position on Price Volatility

Lloyal Equipments Limited's management, led by Chairman cum Managing Director Alkesh Rameshchandra Patel, clarified that the price increase is purely market-driven. The company stated that management has no connection with the price movements, whether increases or decreases, emphasizing the role of market conditions in determining stock performance.

Regulatory Compliance and Future Disclosures

The company reaffirmed its commitment to regulatory compliance and transparency. Management assured BSE that it will continue to promptly inform exchanges of all material events, information, and actions as required under SEBI LODR Regulations. This commitment demonstrates the company's dedication to maintaining transparent communication with stakeholders and regulatory bodies.

Company Background

Lloyal Equipments Limited operates from its registered office and works located in Dahegam, Gandhinagar, Gujarat. The company holds ISO 9001:2015 certification and ASME certifications including U, U2, R & NB, indicating its focus on quality standards and compliance in its operations.

Loyal Equipments Limited , a key player in the industrial equipment sector, has announced a significant business development that could potentially boost its market position. The company has received a substantial purchase order from Indian Oil Corporation Limited (IOCL), one of India's largest oil and gas companies.

Order Details

This new order marks an important milestone for Loyal Equipments, as it not only represents a sizeable contract but also strengthens its relationship with a major player in the oil and gas industry.

Project Scope

The purchase order specifically calls for the supply of Air Fin Cooler Assembly to IOCL's Mathura Refinery. Air fin coolers are crucial components in refineries, used for cooling process fluids in various refining operations. This order underscores Loyal Equipments' capability in manufacturing specialized industrial equipment for the oil and gas sector.

Execution and Implications

With an execution timeline of 8 months, this project will likely keep Loyal Equipments' production facilities busy in the coming quarters. The successful completion of this order could potentially open doors for more contracts from IOCL and other major players in the refinery sector.

This development is particularly noteworthy as it comes at a time when many industries are focusing on upgrading and expanding their infrastructure. For Loyal Equipments, securing such orders from prestigious clients like IOCL could contribute significantly to its order book and future revenue streams.

While this order is a positive development, investors and market watchers will likely keep an eye on the company's ability to execute the project within the stipulated timeframe and maintain its quality standards. The successful completion of this project could potentially enhance Loyal Equipments' reputation in the industry and lead to more such high-value orders in the future.