LLOYDS ENGINEERING WORKS LIMITED (LLOYDSENGG) — Board Meeting | 17 August 2026 (2 announcements)

Lloyds Engineering Works announced it completed the acquisition of Steel Infra Solutions Company Limited (SISCOL) effective August 17, 2026, acquiring 51.13% of SISCOL's equity for a total consideration of [amount not verified] through cash and share swap, while Lloyds Enterprises and Streamland Estate acquired additional stakes of 17.88% each for ₹219 crores each, making SISCOL a subsidiary and enabling future listing within 30 months; the deal expands capabilities in heavy steel fabrication and infrastructure solutions, creates synergies, and strengthens order book across energy and industrial segments.

Lloyds Engineering Works approved the allotment of 7,07,42,458 equity shares at ₹71.25 per share ([amount not verified]) to 26 non-promoter investors in exchange for shares of Steel Infra Solutions Company Limited, and 7,00,000 shares at ₹71.25 per share ([amount not verified]) to Prime Securities Limited for cash. This preferential issue increases the paid-up capital to [amount not verified] and finalizes the acquisition of SISCOL through a share swap.