Lloyds Engineering Works stake in LADSL diluted to 85%

Lloyds Enterprises Ltd announced that its material subsidiary, Lloyds Engineering Works Limited, has seen its stake in its step-down subsidiary, Lloyds Advance Defence Systems Limited (LADSL), diluted to 85%. This follows a private placement of equity shares by LADSL, approved on June 29, 2026. LADSL was incorporated on December 11, 2025, as a wholly-owned subsidiary, but the recent dilution changes its status to a subsidiary. The company has NIL turnover as it is newly incorporated. The transaction involves cash consideration and is in the defence industry.