LLOYDS ENGINEERING WORKS LIMITED — Board/Management Information 2021

Mar 24, 2021

LLOYDS STEELS INDUSTRIES LIMITED

Corporate Office :A-2, Madhu Estate. 2" Floor, Pandurang Budhkar Marg, Lower Parel (W), Mumbai 400 013. Tel: 91-22-6291 8111 email : infoengg@lloyds.in, website: www.lloydsengg.in CIN : L28900MH1994PL_C081235

MP/LSIL/BSEL-NSEL/ 2021/10 24.03.2021

LLOYDS INDUSTRIES LIMITED STEELS Corporate Office :A-2, Madhu Estate. 2" Floor, Pandurang Budhkar Marg, Lower Parel (W), Mumbai 400 013. email : infoengg@lloyds.in, website: www.lloydsengg.in CIN : L28900MH1994PL_C081235 Tel: 91-22-6291 8111
MP/LSIL/BSEL-NSEL/ 2021/10	24.03.2021
BSE Limited Towers, Dalal 27th Floor, P.J. Mumbai - 400 001	The Department of Corporate Services, The National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Street, Bandra (East), Mumbai - 400 051
Scrip Code 539992 :	Symbol: LSIL

Dear Sir/Madam,

Sub: Intimation pursuant to Regulation 30(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 about the Retirement of the Managing Director of the Company w.e.f. closing of working hours on 31" March, 2021 on account of Superannuation and consequent appointment as an Additional Non -Executive Director of the Company.

Pursuant to Regulation 30 read with Schedule LI of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors in their meeting held today i.e. 24"" March, 2021 have noted/approved the following.

• 1. Mr. Ashok Tandon, Managing Director of the Company will be retiring from the position of the Managing Director with effect from closing of working hours on 31° March, 2021 on account of Superannuation.
• 1. Appointment of Mr. Ashok Tandon as an Additional Non-Executive Non Independent Director of the Company with effect from 1° April, 2021

Further the details of the retirement and consequent appointment of Mr. Ashok Tandon as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/ CFD/CMD/4/2015 dated 9th September, 2015 is enclosed as "Annexure - I".

We would further like to state that as per the requirement of the Circular No. LIST/COMP/14/2018- 19 dated June 20. 2018 w.r.t. Enforcement of SEBI Order regarding appointment of Directors by listed companies the Board of Directors and its Nomination and Remuneration Committee while considering the appointment of Mr. Ashok Tandon as Director, have verified that the said person is not debarred from holding the office of Director pursuant to any SEBI order.

'Accordingly, we hereby affirm that the Director being appointed is not debarred from holding the office of director by virtue of any SEBI order or any other such authority.

The Meeting Commenced at 11:30 Hrs. and concluded at 13.00 Hrs.

Thanking You,

Yours faithfully, ^For Lloyds Vo Limited PR

' ix Meenakshi A. Pansari \ A\y Company Secretary) KON

ANNEXURE - I

DETAILS UNDER REGULATION 30 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 READ ALONGWITH SEBI CIRCULAR NO. CIR/CFD/CMD/4/2015 DATED 09.09.2015.

Name of the KMP : Ashok Tandon, Managing Director

a v, ANNEXURE - I
REGULATION UNDER OBLIGATIONS DETAILS THE AND (LISTING OF SEBI 30 ALONGWITH REQUIREMENTS) DISCLOSURE REGULATIONS, READ SEBI 2015 CIRCULAR NO. CIR/CFD/CMD/4/2015 DATED 09.09.2015. Name of the KMP Ashok Tandon, Managing Director :
Sr.	Particulars	Details of Change
No. 1	Reason Change Appointment, Viz. for Resignation, Removal, Death or otherwise.	Ashok Tandon Retirement Mr. of as a Managing Director with effect from closing 31 of working March, hours 2021 on on account of Superannuation.
		Appointment Ashok Tandon of Mr. an as Additional Non-Executive Non- Independent Director of the Company with effect from 1* April, 2021
	Date of Cessation	Close of Working Hours on 31* March, 2021 in the capacity of Managing Director
Le)	Date & Terms of Appointment	The Board of Directors have appointed Mr. Ashok Tandon Additional Director an as Executive Non category of Non- under the Independent Director from with effect 1* April, 2021 to hold office till the date of the Meeting Annual General next of the Company.
	Brief Profile (incase of Appointment)	Ashok Tandon (Mech) B.E Mr. is a Engineer, aged 62 years and having 42 years Engineering of experience He has Field. in unique exposure of diversified working with organizations different and has the led engineering Lloyds business Steels of successfully for over 27 years. His continued association will be of immense value to the Company.
	between Relationships Disclosure — of Appointment Directors case of of (in a Director)	None a