A copy of Notice of the 18th Annual General Meeting ("AGM") of of the members of the Company scheduled to be held on Tuesday, September 30, 2025 at 11:00 A.M. (IST) through Video Conferencing ....
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Loyal Equipments Limited has called its 18th AGM for September 30, 2025 at 11:00 AM, to be held via video conferencing. Shareholders will vote on adopting the FY25 audited financials and approving a final dividend of ₹1 per equity share (10% on ₹10 face value) for FY 2024-25. The notice also seeks approval to re-appoint Managing Director Mr. Alkesh Rameshchandra Patel for 5 years with an increased remuneration ceiling of ₹12 lakh per month, re-appoint Ms. Helena Alkeshkumar Patel as a rotational director, and regularize four new directors — three Independent Directors (Vikas Sharma, Pradeep Kumar Agarwal, Sharad Vyas) and one Whole-Time Director (Hema Maheshkumar Patel) for 5-year terms. M/s MSV & Associates is proposed as Secretarial Auditor for a 5-year period from FY 2025-26 to FY 2029-30. The record date for dividend and e-voting eligibility is September 23, 2025, with remote e-voting open from September 27 to September 29, 2025.
The ₹1 dividend gives shareholders a modest 10% payout; record date is September 23, 2025. The re-appointment of the promoter Managing Director along with induction of multiple new Independent Directors signals leadership continuity and a board refresh, while the proposed increase in MD remuneration to ₹12 lakh/month may attract shareholder attention during voting.