Lloyds Engineering Clarifies Preferential Issue Details Post EGM

Lloyds Engineering Works Ltd held an Extra-Ordinary General Meeting (EGM) on July 15, 2026, to approve a preferential issue of 7,13,74,554 Equity Shares. The company provided clarifications to stock exchanges regarding the use of funds for the cash consideration portion of the issue, amounting to ₹4,98,75,000 for 7,00,000 shares at ₹71.25 each, intended for subscribing to shares in Steel Infra Solutions Company Limited (SISCOL) by March 31, 2027. An addendum to the valuation report, incorporating all three valuation approaches, has also been submitted and is available on the company's website.