LLOYDS ENGINEERING WORKS LIMITED has informed the Exchange regarding Resignation of Resignation of Director as Non- Executive Independent Director of the company w.e.f. July 01, 2025.
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Lloyds Engineering Works Limited announced multiple board changes effective July 01, 2025. Mr. Ashok Kumar Sharma resigned as Non-Executive Independent Director citing pre-occupation and personal commitments, after serving on the board for over three years. Mr. Ashok Tandon stepped down as a Non-Executive Non-Independent Director on the same day. To fill the vacancies, the company appointed Mrs. Alka Upadhyay (a former EY India partner and Tata Group ESG leader with ~30 years of experience) as a Non-Executive Independent Director from July 01, 2025 for a five-year term ending September 30, 2029. Mr. Ashok Tandon was also reappointed as a Non-Executive Independent Director starting July 02, 2025, for a similar five-year term. The Risk Management Committee and CSR Committee were reconstituted, with Mr. Devidas Kambale replacing Mr. Ashok Kumar Sharma on both committees. All new appointments are subject to shareholder approval at the upcoming 31st Annual General Meeting.
This is a routine board reshuffle with no disruption to operations. Bringing in an ESG and sustainability expert like Mrs. Alka Upadhyay could strengthen the company's governance and low-carbon strategy outlook. Shareholders are unlikely to see a material impact on the stock from these changes, though shareholder approval will be sought at the upcoming AGM.