Lloyds Engineering Works Limited has submitted its Monitoring Agency Report for the quarter ended June 30, 2026. The report, prepared by Brickwork Ratings India Private Limited, details the utilization of funds raised through the company’s Rights Issue, which aggregated ₹987.25 crore. The findings confirm that fund utilization is in line with the disclosures made in the Offer Document, with no material deviations noted for the quarter.
Lloyds Engineering Works Reports on Rights Issue Fund Utilization
Lloyds Engineering Works Limited has released its Monitoring Agency Report, covering the financial quarter that concluded on June 30, 2026. This report, prepared by Brickwork Ratings India Private Limited, provides an overview of the utilization of funds raised via the company’s Rights Issue.
Key Findings for Q2 2026
The Rights Issue, which raised a total of ₹987.25 crore, saw its proceeds being monitored as per regulatory requirements. The report indicates that the deployment of these funds aligns with the objectives originally disclosed in the Offer Document. Specifically, for the quarter ended June 30, 2026, the company has made progress in various project areas, including industrial shed repairs and restoration, acquisition of engineering assets, and meeting working capital requirements. Investment in equity shares of Techno Industries Private Limited and general corporate purposes also fall under the monitored categories.
Utilization Details
As of June 30, 2026, the total amount utilized for various objectives stands at approximately ₹175.42 crore for General Corporate Purposes. The report confirms that utilization for specific capital expenditure and acquisition goals is progressing as planned, with no major deviations observed from the earlier monitoring reports. The company has invested in fixed deposits and has ongoing projects in areas like industrial shed upgrades and machinery acquisition, with some projects already marked as ‘Completed’.
The monitoring agency, Brickwork Ratings India Private Limited, has verified the provided information through bank statements, company letters, and CA certificates, confirming the accurate reporting of fund deployment.
Source: BSE
