Loyal Equipments Limited , a prominent player in the industrial equipment sector, successfully conducted its 18th Annual General Meeting (AGM) on September 30, 2025, through video conferencing. The company reported a strong shareholder turnout, with all nine resolutions passing unanimously.

Shareholder Participation and Voting Results

The AGM saw active participation from shareholders, with 7,880,572 votes cast, representing 73.04% of the company's outstanding shares. Notably, all resolutions received 100% approval, with zero votes against any proposal. The meeting was attended by 38 shareholders via video conferencing, including 4 from the promoter and promoter group and 34 from the public.

Key Resolutions Passed

1. Financial Statements and Dividend: Shareholders approved the audited financial statements for the fiscal year 2024-25 and declared a final dividend of Rs. 1.00 per equity share.

2. Board Appointments and Reappointments:

   • Mr. Alkesh Rameshchandra Patel was re-appointed as Managing Director for a five-year term with an increased remuneration package.
   • Ms. Helena Alkeshkumar Patel was re-appointed as a director.
   • Three new Independent Directors were regularized: Mr. Vikas Sharma, Mr. Pradeep Kumar Agarwal, and Mr. Sharad Vyas.
   • Mrs. Hema Maheshkumar Patel's appointment as Whole-Time Director was regularized, along with an increase in her remuneration.

3. Auditor Appointment: M/s. MSV & Associates were appointed as Secretarial Auditors for a five-year term from FY 2025-26 to FY 2029-30.

Voting Process

The company facilitated remote e-voting from September 27 to September 29, 2025, with Mr. Arpit Gupta, a Practicing Chartered Accountant, serving as the scrutinizer. The e-voting results, combined with the votes cast during the AGM, showed unanimous support for all resolutions.

Management Commentary

Alkesh Rameshchandra Patel, Managing Director of Loyal Equipments Limited, stated, "We are pleased with the overwhelming support from our shareholders. The unanimous approval of all resolutions reflects their trust in our strategic direction and governance practices. We remain committed to delivering value to our stakeholders and driving sustainable growth."

The successful AGM and the strong shareholder support demonstrate Loyal Equipments Limited's solid corporate governance and the confidence investors have in the company's leadership and future prospects.

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.