Retro Green Revolution Limited Executes Strategic Investment...
03 Apr 2026
Lokesh machines successfully concluded its Extra-ordinary General Meeting on April 03, 2026, with shareholders unanimously approving all capital restructuring proposals. The company has now disclosed comprehensive voting results under Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating strong shareholder support for the strategic initiatives.
Unanimous Shareholder Approval
The voting results reveal overwhelming support from shareholders across all three resolutions. A total of 10,641,477 shares participated in the voting process, representing 53.22% of the outstanding shares, with 100% votes cast in favor of each resolution.
Voting Summary: Details Total Shares Outstanding: 19,996,770 Total Votes Polled: 10,641,477 Voting Participation: 53.22% Votes in Favor: 100.00% Votes Against: 0.00%
Resolution-wise Voting Breakdown
All three resolutions received identical voting patterns, demonstrating unified shareholder confidence in the company's capital expansion strategy.
Resolution 1: Capital Structure Enhancement
The ordinary resolution for increasing authorized share capital and altering the capital clause in the Memorandum of Association received unanimous approval.
Shareholder Category: Shares Held Votes Polled Participation (%) Votes in Favor Promoter and Promoter Group: 10,717,817 10,538,834 98.33% 10,538,834 Public-Institutions: 0 0 0.00% 0 Public-Non Institutions: 9,278,953 102,643 1.11% 102,643
Resolution 2: Preferential Equity Allotment
The special resolution to create, offer, issue and allot equity shares on preferential basis achieved complete shareholder consensus with identical voting patterns as Resolution 1.
Resolution 3: Preferential Warrant Issuance
The special resolution for creating, offering, issuing and allotting warrants on preferential basis also received unanimous approval, with promoter group showing interest in this agenda item.
E-voting Process and Compliance
The voting process was conducted through National Securities Depository Limited (NSDL) e-voting platform, with remote e-voting available from March 31, 2026, at 09:00 A.M. to April 02, 2026, at 05:00 P.M. L.D. Reddy & Co., Practicing Company Secretaries, served as the scrutinizer for the entire voting process.
E-voting Framework: Specifications Cut-off Date: March 27, 2026 Remote E-voting Period: March 31 - April 02, 2026 Scrutinizer: L. Dhananjay Reddy, L.D. Reddy & Co. Total Participating Shareholders: 81
Strategic Capital Restructuring Approved
The approved resolutions position the company for enhanced capital flexibility and fundraising capabilities. The authorized share capital increase to Rs. 25.00 crore, divided into 2.50 crore equity shares of Rs. 10.00 each, provides substantial room for future growth initiatives through preferential allotments of both equity shares and warrants.
Company Secretary & Compliance Officer P. Kodanda Rami Reddy formally communicated the voting results to BSE Limited and National Stock Exchange of India Limited, ensuring full regulatory compliance and transparency in the capital restructuring process.
Lokesh Machines Limited has secured a significant defense contract worth ₹9.50 crores from the Directorate General, Sashastra Seema Bal (SSB), Ministry of Home Affairs, Government of India. The company disclosed this major order under Regulation 30 of SEBI (LODR) Regulations, 2015, highlighting its continued expansion in the defense manufacturing sector.
Order Specifications
The contract details demonstrate the company's capability in specialized defense equipment manufacturing:
Parameter: Details Order Value: ₹9.50 crores (inclusive of all duties and taxes) Client: Directorate General, Sashastra Seema Bal (SSB) Product: Latest SMG (9x19mm Carbine) with accessories Execution Timeline: 180 days from Letter of Award (LOA) Order Type: Domestic Supply Order
Contract Terms and Compliance
The order announcement, made on March 17, 2026, at 4:30 PM IST, includes comprehensive disclosure pursuant to SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123. The contract involves no related party transactions and maintains arm's length dealings, with no promoter group interest in the awarding entity.
Strategic Business Impact
This substantial order from SSB, one of India's premier border guarding forces responsible for Indo-Nepal and Indo-Bhutan border security, reinforces Lokesh Machines' position as a trusted defense equipment supplier. The 180-day execution timeline demonstrates the company's manufacturing efficiency and ability to meet critical defense requirements.
Defense Sector Positioning
The ₹9.50 crore contract for SMG carbines represents a significant revenue opportunity and validates the company's technical expertise in producing sophisticated defense equipment. This order strengthens Lokesh Machines' portfolio in serving India's security apparatus with high-quality manufacturing capabilities.
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