Lloyds Engineering Allots 7.07 Cr Shares via Preferential Issue

Lloyds Engineering Works Ltd announced the allotment of 7,00,42,458 equity shares to shareholders of Steel Infra Solutions Company Limited (SISCOL) in lieu of acquisition of their SISCOL shares. Additionally, 7,00,000 equity shares were allotted to a non-promoter for cash consideration. The total value of the preferential issue amounts to approximately ₹503.99 crore. The face value of each share is INR 1, with an issue price of INR 71.25 per share, including a premium of INR 70.25. This move is pursuant to approvals from the Securities Issue Committee and an EGM held on July 15, 2026, with in-principle approvals received from BSE and NSE.