LLOYDS ENGINEERING WORKS LIMITED — Board Meeting, 20-05-2025: Outcome of Board Meeting

Lloyds Engineering Works has announced a board meeting approving the acquisition of a 76% stake in Metalfab Hightech Private Limited for ₹28.41 Cr in cash. Metalfab’s 24,000 MT per annum fabrication capacity and 16-acre Nagpur facility significantly strengthen Lloyds’ presence in heavy engineering for infrastructure, power, and renewables. This strategic move complements existing operations and expands its product range, supporting scalable growth backed by a solid order book and successful previous acquisitions.