Announcement under Regulation 30 of the SEBI (LODR) Regulations, 2015 for Re-constitution of Audit committee, NRC Committee, Stakeholder''s Relationship Committee and CSR Committee on September ....
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Loyal Equipments' board, meeting on September 3, 2025, fixed the 18th AGM for September 30, 2025 (via video conferencing) and recommended a final dividend of Rs. 1 per share (10% on face value of Rs. 10) for FY25, with September 23, 2025 as the record date. Three Independent Directors — Mr. Babubhai Patel, Mr. Girish Desai, and Mr. Kalpesh Joshi — ceased upon completion of their tenure, and three new Independent Directors (Mr. Vikas Sharma, Mr. Pradeep Agarwal, Mr. Sharad Vyas) were appointed for 5-year terms. Mr. Alkesh Rameshchandra Patel was re-appointed as Managing Director for another 5 years (to September 2030), and Mrs. Hema Maheshkumar Patel (his sister) was regularised as Whole-Time Director for 5 years. The Audit, NRC, Stakeholders' Relationship, and CSR committees were re-constituted with the new IDs, and new Internal Auditor (M/s J.M. Patel & Bros) and Secretarial Auditor (M/s MSV & Associates, for 5 years) were appointed.
Shareholders receive a modest 10% dividend and benefit from a refreshed board with three new independent directors strengthening governance oversight. Continuity at the top is maintained with the MD's reappointment, while the family-linked Whole-Time Director role continues — investors should watch the upcoming AGM for any shareholder pushback on related-party board composition.