Sugs Lloyd Limited shareholders unanimously approved four key resolutions through postal ballot, including significant leadership restructuring with 100% votes in favor across all proposals.

The company announced the results on December 19, 2025, following the completion of the e-voting period that concluded on December 18, 2025. The postal ballot was conducted in compliance with Section 110 of the Companies Act, 2013, and relevant MCA circulars.

Leadership Restructuring Receives Unanimous Support

The postal ballot, conducted exclusively through electronic voting via KFin Technologies Limited, addressed significant changes in the company's leadership structure. All four resolutions received 100% approval from participating shareholders, demonstrating strong confidence in the proposed organizational changes.

Key Executive Changes Approved

The approved resolutions encompass substantial changes in the executive structure:

• Mr. Kapil Dev Marwah (DIN: 08739679) will transition from Whole-time Director to Executive Director
• Mrs. Priti Shah (DIN: 06553013) will change her role from Managing Director to Whole-time Director
• Mr. Santosh Kumar Shah (DIN: 02248087) will be elevated from Non-Executive Director to Managing Director as well as Executive Chairman of the company
• The appointment of a secretarial auditor was also approved to strengthen corporate governance

Voting Process and Participation

The e-voting facility was made available to 1,998 shareholders on record as of the cut-off date of November 14, 2025. The voting period commenced on November 19, 2025, at 9:00 AM IST and concluded on December 18, 2025, at 5:00 PM IST. Mr. Pramod Prasad Kothari, Practicing Company Secretary, served as the scrutinizer to ensure a fair and transparent voting process.

Regulatory Compliance and Documentation

The postal ballot process was conducted in accordance with Section 110 of the Companies Act, 2013, and various MCA circulars. The company ensured full compliance with Regulation 44(3) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Physical ballots were not dispatched in line with MCA circulars, with all voting conducted electronically.

The unanimous approval across all resolutions reflects strong shareholder alignment with the company's strategic direction and confidence in the proposed leadership structure. The results have been duly communicated to BSE Limited, where the company trades under scrip code 544501.

Sugs Lloyd Limited , a prominent player in the power transmission and distribution (T&D) and solar EPC sectors, has reported a robust financial performance for the first half of FY26. The company achieved a revenue of ₹123.00 crores, marking a significant 94% year-on-year growth.

Strong Financial Performance

The company's growth was primarily driven by its operations in power T&D, solar EPC, and high-margin niche products. Sugs Lloyd maintained strong profitability, with EBITDA growing 91% to ₹18.88 crores. The profit after tax (PAT) jumped by 94% to ₹11.82 crores, resulting in a diluted Earnings Per Share (EPS) of ₹5.10 for the half-year.

Revenue Breakdown and Order Book

For H1 FY26, the revenue breakdown was as follows:

The company's current order book stands at approximately ₹400.00 crores, with ₹280.00 crores from solar projects and ₹114.00 crores from power transmission and distribution.

Future Outlook and Expansion Plans

Sugs Lloyd has set a target of achieving ₹1,000.00 crores in revenue by FY2028. The company plans to diversify its market exposure beyond Bihar, which currently accounts for about 60% of its order book. Efforts are underway to increase footprint and revenue contribution from states like Punjab, Delhi, Odisha, Maharashtra, Gujarat, and Uttar Pradesh.

Focus on Niche Products and R&D

The company is placing significant emphasis on its niche products segment, particularly the Fault Passage Indicator (FPI). Sugs Lloyd's R&D team is developing a new compact FPI with 99.99% accuracy, capable of detecting low earth leakages and conductor snap faults. This innovation is expected to give the company a competitive edge over global giants in the sector.

Expansion of Operational Capabilities

Sugs Lloyd is actively working to enhance its eligibility for larger projects. By FY26, the company aims to be able to bid for power T&D projects worth over ₹200.00 crores and solar projects of any scale. To support this growth, Sugs Lloyd plans to increase its working capital limits from ₹125.00 crores to ₹250.00 crores.

Management's View

Santosh Kumar Shah, Chairman and Managing Director of Sugs Lloyd, commented on the results: "Our performance for the half year had a strong finish driven by our work in the power T&D, solar EPC, and our high margin products. We are growing fast and executing well, which is exactly what we promised during our IPO."

While the company's growth trajectory appears promising, investors should note that future performance may be subject to various market factors and execution risks. The management's ability to diversify the order book geographically and successfully scale up operations will be crucial in achieving their revenue targets.