Lokesh Machines Limited has informed the Exchange about change in Management & Company Secretary & Compliance Officer
LOKESHMACH · price
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Awaiting price reaction for this filing.
Lokesh Machines' board, at its August 12, 2025 meeting, recommended continuing Mr. K. Krishna Swamy as a Non-executive Director for another 5 years (Sept 27, 2025 to Sept 26, 2030), subject to shareholder approval at the upcoming AGM — this is being done under SEBI's Regulation 17(1A), which typically applies to directors aged 75 or above. The board accepted the resignation of Mr. Gurprit Singh as Company Secretary and Compliance Officer, with his last day being August 14, 2025. To fill the role, the board appointed Mr. Pusuluru Kodanda Rami Reddy as the new Company Secretary, Compliance Officer, and Key Managerial Personnel effective August 15, 2025. Mr. Reddy is a law graduate and Company Secretary member with over 15 years of experience in secretarial and legal work. The changes are routine in nature and ensure continuity in compliance and governance functions.
The Company Secretary change is a routine KMP transition and unlikely to materially affect the stock. The continuation proposal for the senior non-executive director may draw attention as it requires a special shareholder vote under SEBI rules, but no governance red flags were disclosed.