LLOYDS ENGINEERING WORKS LIMITED — Others, 13-02-2025: Monitoring Agency Report

Lloyds Engineering Works Limited has released its Monitoring Agency Report for the quarter ended 31st December 2024, confirming no deviations in the use of proceeds from its recent preferential issue of shares. This involves the allotment of 1,76,05,634 equity shares valued at INR 150 crore, executed through a swap of shares with Techno Industries Private Limited. The report, approved by the Audit Committee and Board, assures stakeholders of alignment with stated objectives. Investors may view this as a positive outlook, reinforcing management's commitment to maintaining transparency and financial health while strategically expanding operations through share exchanges.