Lloyds Steels Industries Ltd

Lloyds Engineering Works Limited has announced the acquisition of a 51.13% stake in Steel Infra Solutions Company Limited (SISCOL) for a total consideration of ₹626.39 crore. The acquisition was completed through a combination of cash and share swap. This strategic move makes SISCOL a subsidiary of Lloyds Engineering, effective August 17, 2026. SISCOL is a company engaged in heavy steel fabrication and infrastructure solutions, with a turnover of ₹816.87 crore and a net profit of ₹43.42 crore for the fiscal year ending March 2026. The acquisition is not considered a related party transaction and is expected to bolster Lloyds Engineering's position in the infrastructure sector.

Lloyds Engineering Works Limited has announced the acquisition of 2,08,79,871 equity shares, representing 51.13% of the total outstanding equity share capital of Steel Infra Solutions Company Limited (SISCOL), for a total consideration of INR 626,39,61,300. The acquisition was partly through cash and partly through share swap. Lloyds Enterprises Limited and Streamland Estate LLP also acquired stakes in SISCOL. Following this acquisition, SISCOL has become a subsidiary of Lloyds Engineering Works Limited, effective August 17, 2026. SISCOL is engaged in heavy steel fabrication and infrastructure solutions, with a turnover of Rs. 816.87 Crores and a net profit of Rs. 43.42 Crores for the fiscal year April 2025-March 2026.

Lloyds Engineering Works Ltd announced the allotment of 7,00,42,458 equity shares on a preferential basis to shareholders of Steel Infra Solutions Company Limited (SISCOL) in lieu of acquiring their SISCOL shares. This transaction, valued at approximately ₹499.05 crore, was conducted for consideration other than cash. Additionally, the company allotted 7,00,000 equity shares for cash consideration to a non-promoter investor, aggregating ₹4.98 crore. Both allotments were approved by the Securities Issue Committee and are in compliance with relevant Companies Act provisions and received in-principle approval from BSE and NSE.

Lloyds Engineering Works Limited announced the allotment of 7,00,42,458 equity shares at an issue price of ₹71.25 per share, aggregating to ₹499.05 crore, 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 at the same price, aggregating to ₹4.99 crore, to a Non-Promoter for cash consideration. These allotments were approved by the Securities Issue Committee of the Board of Directors and are pursuant to the Companies Act, 2013, with prior in-principle approvals from BSE and NSE.

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.

Lloyds Engineering Works Limited announced that its material subsidiary, Lloyds Advance Defence Systems Limited (LADS), has entered into an agreement with M/s Alpar Ingegneria S.R.L., Italy. The agreement focuses on the design, development, and manufacturing of product prototypes, technology transfer to LADS, and licensed manufacturing of products in India. This collaboration aims to enhance LADS' capabilities in advanced defence systems. The specific terms and conditions are detailed in Annexure A of the filing. This strategic move is expected to bolster the subsidiary's product portfolio and manufacturing prowess in the defence sector.

Lloyds Engineering Works Limited announced that its material subsidiary, Lloyds Advance Defence Systems Limited (LADS), has entered into an agreement with Alpar Ingegneria S.R.L., Italy. The agreement focuses on the design, development, and manufacturing of product prototypes, technology transfer to LADS, and licensed manufacturing of products in India. This strategic move aims to enhance LADS' capabilities in advanced defense systems.

Thriveni Earthmovers Private Limited has created a pledge over 6,00,00,000 equity shares of Lloyds Engineering Works Limited (LEWL), representing 4.05% of LEWL's total equity share capital. This pledge was made in favor of Tata Capital Limited as security for a financial facility availed by Streamland Estate LLP. The pledge, effective August 13, 2026, was executed under an Unattested Share Pledge Agreement. This disclosure is made as per Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The total equity share capital of LEWL is Rs. 148,02,96,454, with a diluted share capital of Rs. 149,56,90,869.

Lloyds Engineering Works Limited has entered into a loan agreement with Tata Capital Limited for financial assistance amounting to ₹200 Crore. This funding is earmarked for the proposed acquisition of equity shares in Steel Infra Solutions Company Limited (SISCOL). The loan is secured, and the agreement was executed on August 13, 2026. The security for the loan will be a pledge of equity shares in SISCOL. This move is a significant step towards the company's strategic acquisition plans.

Lloyds Engineering Works Ltd announced a variation in the objects of its right issue, approved by the Board of Directors based on Audit Committee recommendations. As of June 30, 2026, ₹660.52 Crore has been utilized from the issue, with ₹326.73 Crore remaining unutilized. The company plans to utilize the remaining funds between July 1, 2026, and March 31, 2027, for various purposes including capital expenditure, acquisition of engineering assets, and working capital. The approval is subject to shareholder and regulatory consent.