Lloyds Engineering Works Limited announced the successful outcome of its Extraordinary General Meeting held on March 27, 2026. Shareholders approved the appointment of two Independent Directors, Mr. Vinay Kumar Tripathi and Mr. Apurva Chandra, both serving until September 30, 2030. Additionally, the appointment of Mr. Balasubramaniam Prabhakaran as a Non-Executive Non-Independent Director was approved, subject to the ensuing General Meeting.
Outcome of the Extraordinary General Meeting (EGM)
Lloyds Engineering Works Limited convened an Extraordinary General Meeting (EGM) on Friday, March 27, 2026. The primary agenda, relating to board restructuring and appointments, received due approval from the shareholders, aligning with corporate governance requirements.
Appointment of Independent Directors
The shareholders formally approved the induction of two new members to the board as Independent Directors:
- Mr. Vinay Kumar Tripathi (DIN: 09463988): Appointed for a term not exceeding five consecutive years, effective from February 04, 2026, until September 30, 2030. Mr. Tripathi is a retired official from the Railway Board & CEO, Ministry of Railways, with approximately 38 years of service in the Indian Railways.
- Mr. Apurva Chandra (DIN: 02531655): Also appointed as an Independent Director for a similar term, concluding on September 30, 2030. Mr. Chandra is a retired Indian Administrative Service (IAS) officer from the 1988 batch of the Maharashtra cadre, possessing over 36 years of experience in public administration and policy formulation.
Both appointees confirmed that they are not related to any existing Director and are not debarred from holding office.
Appointment of Non-Executive Director
The resolution also secured approval for the appointment of:
- Mr. Balasubramaniam Prabhakaran (DIN 01428366): Appointed as a Non-Executive Non-Independent Director for a period up to September 30, 2030. Mr. Prabhakaran is currently the Managing Director of Lloyds Metals and Energy Limited and brings substantial experience in the mining and infrastructure sectors, including founding Thriveni Earthmovers in 1993.
Director Profile Highlights
Mr. Vinay Kumar Tripathi
Mr. Tripathi is an electrical engineering graduate from IIT Roorkee. He achieved the rank of Chairman, Railway Board & CEO. His tenure involved managing critical operational areas across various railways zones, including Rolling Stock Maintenance, Traction Distribution, and Electrical services, culminating in his elevation to the head of the entire Indian Railways electrical department.
Mr. Apurva Chandra
Mr. Chandra’s extensive career spans public administration, policy development, and industrial leadership across the Government of India and the Government of Maharashtra. His expertise covers sectors including Petroleum and Natural Gas, Defence acquisitions, and Healthcare. He currently serves as Principal Advisor in the Ministry of Defence and is Chairman of a Conciliation Committee by the Ministry of Power.
Mr. Balasubramaniam Prabhakaran
Mr. Prabhakaran is recognized for transforming Lloyds Metals into a leading iron ore producer through sustainable and integrated operations. His achievements include commissioning a state-of-the-art beneficiation plant and integrating systems for reduced carbon footprint. His leadership philosophy emphasizes embedding social impact, fostering local community upliftment through the Lloyds Infinite Foundation, and building platforms for sustainable value creation.
Related Directorships
As of the date of appointment, Mr. Apurva Chandra holds directorships in the following listed entities:
- Sudarshan Chemical Industries Limited
- CEAT Limited
- Centum Electronics Limited
- Infrastructure Leasing and Financial Services Limited
- Ravindra Energy Limited
Mr. Balasubramaniam Prabhakaran’s other listed directorship includes Lloyds Metals and Energy Limited.
Source: BSE
