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Lloyds Engineering Works (LEWL) is absorbing Lloyds Infrastructure & Construction (LICL), Metalfab Hightech (MHPL), and Techno Industries (TIPL) in a merger to create a stronger entity. LEWL has secured crucial 'No Objection' clearances from both NSE and BSE for the proposed scheme, marking a key step forward. The merger still requires approvals from shareholders, creditors, and the National Company Law Tribunal (NCLT). The company needs to file the scheme with NCLT within six months.