LLOYDS ENGINEERING WORKS LIMITED — Important, 01-07-2025: Disclosure of material issue

Lloyds Engineering Works Limited has announced a board meeting on the approval of acquiring an additional 11% stake (13.75 lakh shares) in Techno Industries Private Limited (TIPL) for Rs. 25 Cr, increasing its total holding to 88%. TIPL operates in manufacturing and marketing pumps, motors, and elevators, representing a strategic expansion into electrical engineering products for Lloyds. TIPL reported revenues of Rs. 167.56 Cr in FY24, showing steady growth over the past three years.

**Issue:** Lloyds is increasing its stake in TIPL to deepen its footprint in the electrical engineering segment, diversifying beyond its existing core business.

**Possible Impact:** This acquisition could enhance Lloyds’ product portfolio and revenue base by tapping into TIPL’s established presence in pumps, motors, and elevators. The Rs. 25 Cr cash outlay is significant but expected to contribute positively through expanded offerings.

**Company Response:** Lloyds is proceeding with a phased acquisition (up to three years to complete), demonstrating a measured and strategic approach to integration and expansion.