LLOYDS ENGINEERING WORKS LIMITED has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on March 27, 2026
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Lloyds Engineering Works Limited has called an Extraordinary General Meeting (EGM) on Friday, March 27, 2026 at 11:00 a.m. via video conferencing. Five special resolutions are on the agenda, including the appointment of three new directors: Mr. Vinay Kumar Tripathi (former Chairman, Railway Board) and Mr. Apurva Chandra (retired IAS officer) as Independent Directors, and Mr. Balasubramanian Prabhakaran (MD of group company Lloyds Metals and Energy) as Non-Executive Non-Independent Director. A fifth resolution seeks shareholder approval to reappoint existing Independent Director Mr. Kishor Kumar Pradhan for a second five-year term (July 2026 to July 2031). A separate resolution asks members to permit continued use of unutilised proceeds from the April 2025 Rights Issue beyond March 31, 2026, to be deployed in FY27 for the originally stated objects. The e-voting cut-off date is March 20, 2026, with remote e-voting open from March 23 (9:00 a.m.) to March 26 (5:00 p.m.).
The board is being strengthened with three new appointees, including two highly experienced former government officials, which may improve governance and strategic oversight. The Rights Issue proceeds resolution indicates that a portion of the 2025 fundraise is still unutilised and shareholders are being asked to allow deployment into FY27, suggesting project or capex timelines have extended beyond the original schedule.