Sugs Lloyd Limited Announces Director Resignation and Committee Restructuring

Sugs Lloyd Limited has announced significant changes to its board and committee structure. The company disclosed these developments in a regulatory filing dated October 28, 2025.

Board Resignation

Mr. Ghanshyam Dhananjay Gavali (DIN: 03343352) has resigned from his position as Non-Executive Non-Independent Director of Sugs Lloyd Limited. The resignation, citing personal and unavoidable circumstances, took effect from the close of business hours on October 27, 2025.

Committee Restructuring

As a result of Mr. Gavali's departure, the company has made changes to its Nomination & Remuneration Committee:

Aspect	Details
Outgoing Member	Mr. Ghanshyam Dhananjay Gavali
New Member	Mr. Dilip Kumar Agarwalla (DIN: 02797949)
Effective Date	October 27, 2025

The reconstituted Nomination & Remuneration Committee now comprises:

Name	Position in Committee	Nature of Directorship
Mrs. Kavita Rani	Chairman	Non-Executive Independent Director
Mr. Rajveer Singh	Member	Non-Executive Independent Director
Mr. Dilip Kumar Agarwalla	Member	Non-Executive Non-Independent Director

Company's Statement

The Board of Sugs Lloyd Limited expressed its appreciation for Mr. Gavali's contributions during his tenure, acknowledging the company's benefit from his experience, judgment, and commitment.

Regulatory Compliance

The company has affirmed that these changes are in line with the applicable regulations, including SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The necessary disclosures have been made to the stock exchange as per regulatory requirements.

In his resignation letter, Mr. Gavali confirmed that he has no outstanding dues or claims against the company and expressed gratitude for the support received during his tenure.

These changes reflect Sugs Lloyd Limited's ongoing efforts to strengthen board oversight and enhance governance practices.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+5.38%	+6.73%	+4.23%	-22.93%	-22.93%	-22.93%

Sugs Lloyd Limited, a company specializing in electrical equipment and solutions, has recently secured a significant order from Dakshin Gujarat Vij Company Limited (DGVCL). The contract, valued at ₹85.45 lakh, involves the supply, installation, testing, and commissioning of 1,200 Fault Passage Indicators for 7-13 KV overhead lines.

Order Details

The company disclosed the following specifics about the order:

Aspect	Details
Client	Dakshin Gujarat Vij Company Limited (DGVCL)
Tender Reference	DGVCL/SP/2510/ Fault Passage Indicators (FPI)
Scope of Work	Supply, Installation, Testing and Commissioning (S.I.T.C.) of Fault Passage Indicators for 7 KV to 13 KV overhead lines
Quantity	1,200 Units
Total Order Value (including 18% GST)	₹85.45 lakh

Project Timeline

The delivery schedule for this project is set within a tight timeframe:

Commencement period: 45 days from the Letter of Award (LOA) date of September 11, 2025
Delivery period: Within 2 months after the commencement period
Delivery method: In equal monthly lots

Company Statement

Sugs Lloyd Limited has clarified that while this order does not constitute a material event under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, they have chosen to disclose this information for the benefit of stakeholders and to ensure wider public dissemination.

About Fault Passage Indicators

Fault Passage Indicators are crucial components in electrical distribution systems, helping to quickly identify and locate faults in overhead power lines. This technology can significantly reduce downtime and improve the efficiency of power distribution networks.

The securing of this order by Sugs Lloyd Limited demonstrates the company's capabilities in providing essential equipment for power distribution infrastructure. It also highlights the ongoing efforts to enhance and modernize the electrical grid in Gujarat, potentially leading to improved reliability and reduced outage times for consumers in the region.