Loyal Equipments Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/09/2025 ,inter alia, to consider and approve the matters for holding AGM.
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Loyal Equipments Limited has informed BSE that its Board of Directors will meet on Wednesday, September 3, 2025, at the registered office in Dahegam, Gujarat. The main purpose of the meeting is to finalise arrangements for the company's 18th Annual General Meeting (AGM), including approving the AGM notice, fixing dates for closure of the Register of Members, setting the cut-off date for shareholder voting eligibility, and appointing MUFG Intime India Private Limited (formerly Link Intime) as the e-voting service provider. The board will also approve the Board Report, Management Discussion & Analysis, and annexures for the financial year ended March 31, 2025, indicating that audited FY25 results are ready. Additionally, several governance-related items are on the agenda, including the appointment of an Internal Auditor for FY 2025-26, appointment of a Secretarial Auditor for a five-year term (FY 2025-26 to FY 2029-30), and consideration of resignations and new appointments of Independent Directors. The board will also consider the re-appointment of the Managing Director and a Director retiring by rotation, both subject to shareholder approval at the upcoming AGM.
This is primarily a procedural notice ahead of the AGM, but it signals that FY25 audited results and the Board Report are close to finalisation. Shareholders should watch the proposed changes in Independent Directors and the Managing Director's re-appointment, as these are governance matters requiring their approval at the AGM.