Loyal Equipments MD, chairman, board of directors and AGM
BSE: 539227Industrial ManufacturingSmall Cap
Share price at the BSE close on 23 Oct 2026. Previous close ₹131.60.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹149 Cr2,443rd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 6 Aug 2026
- 21.0
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 13 May 2026
- 2.6
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 6 Aug 2026
- 13.2%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 6 Aug 2026
- 14.1%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 13 May 2026
- 0.31
- Volume, BSEVolume. Shares traded on the last trading day.
- 1,509
Loyal Equipments board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and managing directorPatel Alkesh
6 directors3 independent3 executive
- Patel Alkesh · Chairperson and managing directorExecutive · joined Apr 2007 · reappointed Sep 2025 · 1 listed board · 2 committee seats
- Helena Alkeshkumar PatelExecutive · joined Aug 2021 · reappointed Sep 2023 · 1 listed board
- Hema Rameshchandra PatelExecutive · joined Nov 2024 · reappointed Sep 2025 · 1 listed board
- Vikas SharmaIndependent · joined Sep 2025 · reappointed Sep 2025 · 9 months as independent · 1 listed board · 1 as independent
- Pradeep Kumar AgarwalIndependent · joined Sep 2025 · reappointed Sep 2025 · 9 months as independent · 2 listed boards · 2 as independent · 1 committee seat, 1 as chair
- Sharad VyasIndependent · joined Sep 2025 · reappointed Sep 2025 · 9 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
3 directors who left
- Babubhai Bhulabhai Patel, left 3 Sep 2025: Tenure Completion
- Girish Nathubhai Desai, left 3 Sep 2025: Tenure Completion
- Kalpesh Lalitchandra Joshi, left 3 Sep 2025: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 13 May 20265 of 6 present3 independent · 67 days in between
- 6 Mar 20266 of 6 present3 independent · 20 days in between
- 13 Feb 20266 of 6 present3 independent
Audit Committee
Chair Pradeep Kumar Agarwal
Sharad Vyas, Patel Alkesh
- 13 May 20262 of 3 present2 independent · 88 days in between
- 13 Feb 20263 of 3 present2 independent
Nomination and remuneration committee
Chair Vikas Sharma
Pradeep Kumar Agarwal, Sharad Vyas
- 13 Feb 20263 of 3 present3 independent
Stakeholders Relationship Committee
Chair Sharad Vyas
Vikas Sharma, Patel Alkesh
- 13 May 20262 of 3 present2 independent · 88 days in between
- 13 Feb 20263 of 3 present2 independent
Corporate Social Responsibility Committee
Chair Sharad Vyas
Patel Alkesh, Hema Rameshchandra Patel
- 13 May 20262 of 3 present1 independent · 88 days in between
- 13 Feb 20263 of 3 present1 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- M/s. A Y & COMPANYPeer-review certificate valid to Jul 2027
1 earlier auditor
- M/s. A Y & Co.Named in the filing for the quarter to Mar 2025
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Loyal Equipments AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Loyal Equipments dividend history
Annual general meeting, 29 Sep 2026
5,603 shareholders on the register on 22 Sep 2026; present: 4 promoters and 30 others; votes counted by Ms. Anjali Sangtani / SCS and Co LLP.The company's voting result (opens in a new tab)
To Receive, Consider And adopt the Audited Standalone Financial Statements of the company for the Financial Year ended March 31, 2026 and the reports of the board of directors and the statutory auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 74.50% · promoters 100.00% · institutions 0.00% · other public 12.98%
To appoint director in place of Ms. Hemaben Rameshchandra Patel (DIN: 10644176) Whole Time Director of the company, whose office is liable to retire by rotation at this Annual General Meeting and being eligible, offers herself for re-appointmentMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 74.50% · promoters 100.00% · institutions 0.00% · other public 12.98%
- Appointment of M/S. Mittal V. Kothari & Associates, Practicing Company Secretaries, as Secretarial Auditor of the Company for a term of 1 (One) year for the Financial Year 2026- 27Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 74.50% · promoters 100.00% · institutions 0.00% · other public 12.98%
- Approval for Giving Loans or Guarantees or providing security under Section 185 of the Companies Act, 2013Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 74.50% · promoters 100.00% · institutions 0.00% · other public 12.98%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Tax disputes
Reported in the filing for the quarter to Jun 2026.
- Tax disputeIncome Tax Department / Assessing OfficerSince 24 Mar 2024
Appeal pending before the Commissioner of Income Tax (Appeals), National Faceless Appellate Centre, Delhi. The Company has challenged the additions/disallowances and has submitted detailed grounds of appeal. The Company has also submitted supporting invoices, supplier remittance details, bank records and GST returns in support of its claimMoreLess
At the filing before: Assessment order was passed for AY 2022-23, wherein alleged unrecorded import purchases of ₹4,37,26,092 were added under Section 69C of the Income Tax Act, along with disallowance of Director’s remuneration of ₹48,62,500 and provision for gratuity of ₹5,59,798.MoreLess
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.