LLOYDS ENGINEERING WORKS LIMITED — Important, 26-12-2025: Disclosure of material issue
26-12-2025 | 01:17 pm
26-12-2025 | 01:17 pm
**LLOYDSENGG boosts footprint!** Board greenlights acquisition of the remaining 12% stake in Techno Industries Private Limited (TIPL) for Rs 22.70 Cr.
**Issue:** Lloyds Engineering Works (LLOYDSENGG) has approved an amendment to its existing Share Purchase Agreement to acquire the final tranche of shares in TIPL.
**Impact:** This deal will make TIPL a 100% owned subsidiary of LLOYDSENGG. TIPL, which manufactures pumps, motors, and elevators (FY25 turnover Rs 155.04 Cr), significantly expands LLOYDSENGG's Electrical Engineering product offerings, marking a strategic diversification.
**Company's Plan:** LLOYDSENGG is moving to finalize this acquisition, with completion expected within one month.
#LLOYDSENGG #Acquisition #Growth
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