LLOYDSENGGNSELLOYDS ENGINEERING WORKS LIMITEDLowNeutral
Announced Fri, 27 Mar · 18:45 IST

LLOYDS ENGINEERING WORKS LIMITED has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on March 27, 2026. Further, the company has informed the Exchange regarding voting results.

Board & Shareholder Meetings View source PDF

LLOYDSENGG · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
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AI summary

Lloyds Engineering Works Limited held an Extra Ordinary General Meeting on March 27, 2026, where all five special resolutions were passed with overwhelming shareholder approval. The resolutions included appointment of Mr. Vinay Kumar Tripathi (ex-Chairman, Railway Board) as Independent Director (99.70% in favour), appointment of Mr. Apurva Chandra (retired IAS officer) as Independent Director (99.59% in favour), appointment of Mr. Balasubramanian Prabhakaran (MD of Lloyds Metals and Energy Limited) as Non-Executive Non-Independent Director (99.69% in favour), reappointment of Mr. Kishor Kumar Mohanlal Pradhan as Independent Director for a second 5-year term (96.86% in favour), and approval to utilise unutilised Rights Issue proceeds beyond the March 31, 2026 deadline (99.99% in favour). Promoters holding 52.13 crore shares voted 100% in favour of all resolutions. The meeting was conducted via video conferencing and e-voting was facilitated through NSDL.

Likely market impact

Shareholders have greenlit the company's plan to deploy unutilised rights issue funds beyond the March 31, 2026 timeline, giving management continued flexibility on capital deployment. The board gains two new high-profile independent directors with strong government and policy backgrounds, along with continued representation from the Lloyds Metals leadership, which could strengthen governance and strategic oversight.