Lokesh Machines Reports Q1 Results, Announces Leadership Changes and AGM Date
Lokesh Machines Limited reported a 23.16% YoY decline in Q1 FY2026 revenue to 4,804.71 lakhs, with net profit falling 55.79% to 45.55 lakhs. The company's Machinery Division generated 4,636.43 lakhs in revenue, while the Components Division contributed 195.94 lakhs. The Board recommended K. Krishna Swamy's continuation as Non-executive Director for five years. Gurprit Singh resigned as Company Secretary, with Pusuluru Kodanda Rami Reddy taking over. The 41st AGM is scheduled for September 26, 2025, via video conferencing. The company is working to remove itself from the US Treasury sanctions list. During Q1, 4,03,040 warrants were converted to equity shares, with 2,43,398 warrants pending conversion.
06Aug 25
Lokesh Machines Secures ₹17.68 Crore Order from Ministry of Defence for MMG Modification Kits
Lokesh Machines Limited has received an order worth ₹17.68 crore (including GST) from the Integrated Headquarters of Ministry of Defence (Army), New Delhi. The order, received on August 6, 2025, is for supplying modification kits for MMG (Gun Machine 7.62mm MAG). The execution timeline is set at 12 months from the contract's effective date. This order showcases Lokesh Machines' expanding presence in the defense sector and aligns with the 'Make in India' initiative. The company disclosed this information in compliance with SEBI regulations, confirming no related party transactions or promoter interests are involved.
25Jul 25
Lokesh Machines Secures Exchange Approval for Promoter Reclassification
Lokesh Machines Limited has obtained approval from NSE and BSE to reclassify Ms. Sudha Rani Ganne from 'Promoter Group' to 'Public' category. The approval was granted on July 24, 2025, and the company filed this information with the stock exchanges on July 25, 2025. The reclassification complies with SEBI Regulation 31A and is expected to alter the company's shareholding pattern.