Lloyds Enterprises Acquires 88.12% of Steel Infra for ₹1,073 Cr

Lloyds Enterprises Limited, through a board meeting held on June 18, 2026, approved the acquisition of 88.12% of Steel Infra Solutions Company Limited (SISCOL) for approximately ₹1,073.40 Cr. The acquisition will be executed via a Share Purchase, Share Subscription, and Shareholders’ Agreement. Lloyds Enterprises will acquire 17.98% for ₹219 Cr, its material subsidiary Lloyds Engineering Works Limited will acquire up to 52.16% through cash and share swap for ₹635.40 Cr, and Streamland Estate LLP will acquire 17.98% for ₹219 Cr. SISCOL is engaged in heavy steel fabrication and infrastructure solutions, with a turnover of ₹816.87 Cr and net profit of ₹43.42 Cr for FY26. This acquisition is not a related party transaction and is expected to bolster the company's presence in the infrastructure sector.