Lloyds Engineering Works Limited has released a statement regarding the utilization of proceeds from its Rights Issue for the quarter ended December 31, 2025. The total amount raised through the rights issue was ₹493.62 Crore. There were no deviations in the intended use of funds; ₹493.00 Crore has been utilized as per the original objectives. The audit committee has reviewed and approved these figures.
Rights Issue Proceeds Allocation
Lloyds Engineering Works Limited confirms the allocation of funds raised via its Rights Issue. As of December 31, 2025, the company has reported the status of fund utilization.
Key Financials
The total funds raised through the Rights Issue amounted to ₹493.62 Crore. Of this amount, ₹493.00 Crore has been utilized. According to the company’s statement, no deviations were made from the original intended use of the funds.
Monitoring and Compliance
India Ratings & Research Private Limited served as the monitoring agency for the Rights Issue. The audit committee has reviewed the statement, confirming the absence of any deviations or variations in the utilization of funds. The raised capital was intended for allotment of 30,85,17,476 partly paid-up Equity Shares of face value Re.1/- each, at a price of ₹32/- per Equity Share. These funds have been applied accordingly.
Statement Details
As per the official declaration on February 4, 2026, there is no deviation or variation in use of funds raised. The proceeds were allocated in line with stated objectives.
Source: BSE
