LLOYDS ENGINEERING WORKS LIMITED has informed the Exchange regarding Notice of Annual General Meeting to be held on August 21, 2025
LLOYDSENGG · price
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Awaiting price reaction for this filing.
Lloyds Engineering Works Limited has called its 31st AGM for Thursday, August 21, 2025 at 11:00 a.m. via video conferencing. Ordinary business includes adoption of FY25 audited financial statements and declaration of a final dividend of 25% on fully paid-up equity shares and 12.25% on partly paid-up shares (face value Re. 1 each). Special business items include approval of material related party transactions with several group companies: Lloyds Metals and Energy (up to Rs. 2,000 Crore), Lloyds Infrastructure and Construction (Rs. 500 Crore), Metalfab Hightech (Rs. 500 Crore), Lloyds Enterprises (Rs. 200 Crore), and Lloyds Infinite Foundation (Rs. 100 Crore). Shareholders will also vote on appointing Mrs. Alka Upadhyay and Mr. Ashok Tandon as Independent Directors for 5-year terms, raising the Section 186 loan/investment threshold to Rs. 2,000 Crore, ratifying Rs. 55,000 cost auditor remuneration, and approving Rs. 1 Crore consultancy fees to a non-executive director.
The 25% final dividend is positive for shareholders, while the cumulative Rs. 3,300+ Crore related party transaction limits signal heavy business interlinkages within the Lloyds group that investors should monitor. New independent director appointments and routine governance items are unlikely to materially move the stock.