Lloyds Engineering Subsidiary Stake Diluted to 85%

Lloyds Engineering Works Limited (LEWL) has announced a dilution in its equity stake in its wholly-owned subsidiary, Lloyds Advance Defence Systems Limited (LADSL). Previously holding a 100% stake, LEWL's shareholding in LADSL has reduced to 85% following a private placement of shares by LADSL. This private placement was approved by a special resolution on June 24, 2026, and shares were allotted on June 29, 2026. The dilution changes LADSL's status from a wholly-owned subsidiary to a subsidiary. All necessary disclosures as per SEBI regulations were made on December 12, 2025.