Announcement under Reg. 30 - Additional Details in response to BSE Announcement dated March 06, 2026.
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Loyal Equipments Limited has informed BSE that Mr. Rishi Roop Kapoor resigned as Chief Executive Officer of the company, effective February 28, 2026. The original announcement was made on March 06, 2026, and this filing on March 09, 2026 provides the additional details BSE had sought from the company. Notably, the company delayed informing the stock exchange beyond the mandatory 24-hour window required under SEBI listing rules, which is why BSE raised a query. No reason for the resignation or reason for the delayed disclosure has been provided in this filing. The communication is signed by Neha Jangid, Company Secretary.
The CEO resignation is a key leadership change that may raise short-term uncertainty for shareholders. The delayed intimation to the exchange is a compliance lapse that could draw regulatory scrutiny, though the company is now addressing the disclosure requirement.