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 has announced a significant leadership change with the resignation of its Chief Executive Officer, Mr. Rishi Roop Kapoor, effective February 28, 2026. The company informed BSE Limited about this development through a formal communication dated March 06, 2026, in compliance with SEBI regulations.

Resignation Details

Mr. Rishi Roop Kapoor submitted his resignation letter on January 28, 2026, requesting relief from his duties as CEO and Key Managerial Personnel. The resignation becomes effective from the close of business hours on February 28, 2026. According to the company's disclosure, Mr. Kapoor decided to step down to pursue other professional and personal interests.

Company's Response

Lloyal Equipments Limited has confirmed that it received assurance from Mr. Kapoor that there are no material reasons for his resignation other than those mentioned in his resignation letter. The company emphasized that the decision was driven by personal reasons and circumstances requiring his time and attention.

In his resignation letter, Mr. Kapoor expressed gratitude for the trust and support extended during his tenure, describing it as "an absolute honor & privilege to lead the team." He acknowledged working alongside the dedicated leadership team, even though for a short period, and expressed confidence in the company's continued growth and success.

Succession Planning

The company has initiated the process of appointing a suitable candidate for the CEO position. Loyal Equipments stated that it will inform the stock exchanges about the new appointment in due course, following all applicable regulations and compliance requirements.

Regulatory Compliance

The resignation disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided comprehensive details through Annexure-A, covering all required particulars including the executive's name, designation, reason for change, and effective dates.

Chairman cum Managing Director Alkesh Rameshchandra Patel signed the official communication to BSE Limited, ensuring proper documentation and regulatory compliance for this key managerial personnel change.