Lloyds Enterprises Limited — Board Meeting, 29-03-2025: Outcome of Board Meeting

Lloyds Enterprises Limited has announced a board meeting outcome where it approved the sale of its entire 24.20% equity stake in Lloyds Infrastructure & Construction Limited for ₹31.36 Crore. This decision results in LICL no longer being an associate company of LEL. The expected completion of the transaction is within 10-15 days, and the buyer is Prakar Estates And Promoters LLP. There are no related party implications as the transaction is arm's length. This divestment may streamline LEL's focus on its core operations.