Lloyds Engineering Works Limited has submitted its Monitoring Agency Report for the quarter ended September 30, 2026. This report, prepared by Brickwork Ratings India Private Limited, details the utilization of proceeds from the company’s Rights Issue, which aggregated to ₹987.25 Crore. The report has been reviewed and approved by the company’s Audit Committee and Board of Directors.
Monitoring Agency Report Submitted
Lloyds Engineering Works Limited has officially submitted its Monitoring Agency Report for the financial quarter concluding on September 30, 2026. This report is a mandatory submission under SEBI regulations, providing an overview of how the funds raised through the company’s Rights Issue have been utilized.
Key Details of the Report
The Monitoring Agency for this report is Brickwork Ratings India Private Limited. The report confirms that the Rights Issue, which aggregated to a total issue size of ₹987.25 Crore, has been monitored in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. As of September 30, 2026, the company had received an aggregate amount of ₹982.42 Crores towards the Rights Issue proceeds.
Fund Utilization and Objectives
The report details the allocation and utilization of these funds across various objectives, including capital expenditure for industrial shed replacement, acquisition of engineering assets, and working capital requirements. Notably, there were reallocations of unutilized funds towards working capital, approved via a Special Resolution passed through Postal Ballot on September 25, 2026. The total unutilised amount as of September 30, 2026, was minimal, with a significant portion invested in fixed deposits.
Compliance and Approval
The company has ensured that the utilization of proceeds aligns with the disclosures made in the Offer Document and has obtained necessary shareholder approvals for any material deviations. The report, reviewed and approved by the Audit Committee and the Board of Directors, is also available on the company’s website.
Source: BSE
