Loyal Equipments Ltd

Loyal Equipments Limited: Trading window closes from October 01, 2026 until 48 hours after the declaration of Financial Results for the quarter and half year ended September 30, 2026

AGM Details

• Date: Sep 29, 2026; Time: 11:12 AM to 11:45 AM IST.
• Mode: Video Conferencing via Microsoft Teams.
• E-voting: NSDL facility available during meeting and up to 15 minutes after.
• Results: consolidated voting results to be declared within two working days.
• Video recording of AGM to be published on company website.
• Scrutinizer appointed to conduct voting; results to be announced.

Key Resolutions & Voting

• Ordinary: Adopt audited standalone financial statements and reports — results pending.
• Ordinary: Re-appoint Hemaben Patel by rotation — results pending.
• Ordinary: Appoint Secretarial Auditor for 2026-27 — results pending.
• Special: Approve loans/guarantees/security under Section 185 — results pending.

AGM and Annual Report Update

• Web-link of Annual Report 2025-26 sent to members without registered email addresses.
• 19th AGM scheduled for 29 September 2026 at 11:00 AM IST via VC/OAVM.
• Annual Report 2025-26 and AGM Notice available on company website (Investor Relations / Annual Reports).
• E-voting cut-off date: 22 September 2026.
• Remote e-voting period: 26 September 2026 9:00 AM to 28 September 2026 5:00 PM.
• Members must update email and KYC with their DP to receive communications.
• KYC details required include name, address, email, mobile, PAN, bank details, nominations, and POA.
• E-voting and VC/OAVM joining procedures described in AGM Notice.
• Contact details for the company, registrar, and e-voting agency provided in notice.

Financial performance

• Revenue from operations: ₹7,897.84 Lakhs; total income: ₹7,997.31 Lakhs.
• EBITDA: ₹1,326.16 Lakhs; PAT: ₹673.37 Lakhs; OCI: ₹5.16 Lakhs.
• PAT declined 36.85% YoY; revenue grew 4.88% YoY.
• Total Comprehensive Income: ₹668.21 Lakhs; no dividend declared for FY2025-26.

Capital structure & liquidity

• Authorized capital ₹15 Crore; issued/subscribed capital ₹10.79 Crore.
• Net debt ₹2,178.55 Lakhs; gearing 0.39x.
• Cash & cash equivalents ₹31.57 Lakhs; no immediate maturities.
• Dividend policy: no dividend for FY2025-26.

Governance & board changes

• Board: six members; three executive, three independent; new independents appointed Sep 2025.
• CEO Rishi Roop Kapoor resigned effective 28 Feb 2026.
• Secretarial Auditor appointed: Mittal V. Kothari & Associates for 2026-27; MSV resigned.
• Independent Directors' declarations and annual board evaluation conducted as per SEBI LODR.

Audit, risk & internal controls

• Internal audit by J.M. Patel & Bros; recommendations implemented.
• Statutory audit by M/s A Y & Company; opinion is unqualified.
• Internal financial controls are adequate and operating effectively.
• Secretarial audit MR-3 by MSV; observations addressed.

CSR and sustainability

• CSR spend ₹20.21 Lakhs; 2% base profit ₹977.87 Lakhs.
• Allocation: environmental ₹0.71 Lakhs; education/livelihood ₹13.00 Lakhs; healthcare ₹6.50 Lakhs.
• Set-off available ₹1.42 Lakhs for CSR obligation next year due to excess spend.
• CSR policy and projects disclosed on the company website.

Operations and outlook

• Industry outlook: positive with infrastructure and engineering demand.
• Plant located at Dahegam, Gujarat; no material business changes.
• Risks include competition, raw material costs, rupee fluctuations; mitigated by risk management controls.

Shareholding & investor relations

• Promoter Alkesh R. Patel holds 69.97% (7,549,940 shares).
• All shares are dematerialised; ISIN INE876S01017.
• Investor communications via company website and stock exchanges; e-voting implemented.

AGM details

• AGM on September 29, 2026 at 11:00 AM IST; held via VC/OAVM.

Corrigendum update

• Explanatory Statement for Item 4 added; typographical corrections made.

Resolutions

• Adopt audited standalone financials and reports for FY2025-26.
• Re-appoint Hemaben Rameshchandra Patel as director, retiring by rotation.
• Appoint Mittal V. Kothari & Associates as Secretarial Auditor for FY2026-27.
• Special Resolution to approve loans/guarantees/securities up to ₹50 crore.

Director changes

• Hemaben Rameshchandra Patel to be re-appointed as director; retires by rotation.

Financial performance

• Revenue from operations: ₹7,897.84 lakhs; up 4.88% YoY to ₹7,530.01 lakh.
• Total income: ₹7,997.31 lakhs.
• EBITDA: ₹1,326.16 lakhs; down 21.11% YoY from ₹1,681.07.
• PAT: ₹673.37 lakhs; down 36.85% YoY from ₹1,066.20.
• Total comprehensive income: ₹668.21 lakhs.
• EPS: ₹6.24 (Basic and Diluted).
• Net debt: ₹2,178.55 lakhs; gearing 0.39x.
• Current ratio: 1.85x; cash and cash equivalents ₹31.57 lakhs.
• Cash from operations: ₹338.42 lakhs; net cash from operating activities ₹145.87 lakhs.
• Total assets: ₹9,284.44 lakhs; equity ₹5,654.95 lakhs.

Operations & products

• Single reportable segment: design and manufacture of process equipment.
• Core products include pressure vessels, heat exchangers, storage tanks, chimneys.
• Plant/site: Zak, Dahegam, Gujarat; registered office in Dahegam.
• Certified: ISO 9001:2015, ASME U and U2 stamps; SMERA certified.

Capital structure & liquidity

• Authorized share capital: ₹15,00,00,000; unchanged.
• Issued, subscribed and paid-up capital: ₹10,79,00,000 (1,07,90,000 shares).
• 100% of equity shares dematerialized.
• Promoter holding: 69.97% (7,549,940 shares).
• Total borrowings: ₹1,772.26 lakhs; cash ₹31.57 lakhs.
• Internal cash flows: cash from operations ₹338.42 lakhs; net cash from operating activities ₹145.87 lakhs.
• No defaults or covenant breaches reported on borrowings.

Dividend & capital returns

• Dividends for FY2025-26: no dividend declared by the Board.

Governance & leadership

• Board size six: three executive and three independent directors.
• Independent directors appointed 03/09/2025; three others ceased 03/09/2025.
• CEO Rishi Roop Kapoor resigned w.e.f. 28/02/2026.
• M/s Mittal V. Kothari & Associates appointed secretarial auditor for FY2026-27 to fill casual vacancy.
• Internal auditor: J.M. Patel & Bros; six board meetings held in FY2025-26.

CSR & sustainability

• CSR expenditure: ₹20.21 lakhs for FY2025-26; 2% of average net profit is ₹19.56.
• CSR allocation: environment ₹0.71, education ₹13.00, healthcare ₹6.50.
• Excess CSR spend: ₹0.65 lakh; carry forward ₹0.65 lakh; available set-off ₹0.77 lakh.
• CSR committee chaired by Shri Sharad Vyas; members include Alkesh Patel and Hemaben Patel.

Audit, risk & internal controls

• Inventory valuation cited as key audit matter: ₹2,840.14 lakh (30.59% of total assets).
• Internal controls are adequate and operating effectively per statutory auditors.
• No fraud reports by statutory/secretarial auditors; MD/CFO certificate on controls filed.

AGM Details

• AGM date: Sep 30, 2026 at 11:00 AM via VC/OAVM.
• Remote e-voting window: Sep 26–28, 2026.
• E-voting cut-off date: Sep 22, 2026.
• Attendance via VC/OAVM limited to 1000 members.
• Notice sent electronically; NSDL provides e-voting facility.

Key Resolutions

• Ordinary: adopt Audited standalone financial statements for FY 2025-26.
• Ordinary: re-appoint Hemaben Rameshchandra Patel as Director (rotation).
• Ordinary: appoint Mittal V. Kothari & Associates as Secretarial Auditor for FY 2026-27.
• Ordinary: permit Secretarial Auditor to provide other services as allowed.
• Special: approve loans/guarantees/securities to subsidiaries/associates up to ₹50 crore (FY 2026-27).

Director Changes

• Hemaben Rameshchandra Patel retires by rotation; eligible for re-appointment.

Auditor Appointments

• Casual vacancy filled by Mittal V. Kothari & Associates for 1 year.

Material Related Party Transactions

• RPTs: loans/guarantees/security to group entities up to ₹50 crore.

Other Approvals / Details

• Scrutinizer appointed for e-voting; results to be announced and posted on company site.

Financials

• Revenue from operations: ₹1,884.84 Lakh; YoY up from ₹1,133.18 Lakh.
• Total income: ₹1,896.12 Lakh; YoY up from ₹1,158.00 Lakh.
• Profit after tax: ₹137.64 Lakh; YoY up from ₹101.32 Lakh.
• EPS (continuing operations): Basic ₹1.28; Diluted ₹1.28.
• Auditors' review: unmodified opinion on results.
• Single segment: manufacturing of industrial equipment.
• Board approved unaudited standalone results and Limited Review Report.