LLOYDS ENGINEERING WORKS LIMITED — Board Meeting, 01-07-2025: Outcome of Board Meeting

Lloyds Engineering Works has announced a board meeting to approve key management changes and strategic moves. Independent directors Ashok Kumar Sharma and Ashok Tandon resigned, with both reappointed as Independent Directors for up to five years, subject to shareholder approval. Mrs. Alka Upadhyay, a sustainability and ESG veteran with Tata Group and Ernst & Young pedigree, joined as an Independent Director. The board approved the acquisition of an additional 11% stake in Techno Industries Private Limited for Rs. 25 Cr, raising Lloyds' holding to 88%, expanding its footprint in pumps, motors, and elevators. Employee Stock Options were granted totaling 21 lakh shares across the company and subsidiaries at Rs. 9.50 per share.