Lloyds Enterprises Limited announced the sale of 60,34,299 fully paid-up equity shares in its material subsidiary, Lloyds Engineering Works Limited (LEWL). The transaction realized a total consideration of INR 29,96,02,945.35. This disposal represents a 0.41% stake in LEWL’s total equity capital and was executed through a ‘Block Deal’ to Thriveni Earthmovers Private Limited, the investment arm of Mr. Balasubramanian Prabhakaran, on February 09, 2026.
Sale of Material Subsidiary Stake Completed
Lloyds Enterprises Limited has finalized the sale of a portion of its shareholding in its material subsidiary, Lloyds Engineering Works Limited (LEWL). The transaction involved the transfer of 60,34,299 (Sixty Lakhs Thirty-Four Thousand Two Hundred Ninety-Nine) fully paid-up Equity Shares.
The sale price was set at Rs. 49.65 per share, culminating in a total consideration of INR 29,96,02,945.35 (Rupees Twenty-Nine Crores Ninety-Six Lakhs Two Thousand Nine Hundred and Forty-Five and Thirty-Five Paise only). This divestment equates to 0.41% of the total Equity Share capital of LEWL.
Transaction Details
The shares were sold to Thriveni Earthmovers Private Limited, which is noted as the investment arm of Mr. Balasubramanian Prabhakaran. The transaction was executed via a “Block Deal”. The expected date for the completion of this sale was confirmed to be February 09, 2026.
Subsidiary Financial Context (Last Financial Year)
The document provides context on the financial contribution of the divested unit (LEWL) to the listed entity during the last financial year, demonstrating the scale of the subsidiary:
- Turnover: INR 756 Crores (3.96%)
- Revenue: INR 756 Crores (3.96%)
- Income: INR 778 Crores (3.85%)
- Net worth: INR 645 Crores (4.64%)
Buyer Relationship and Classification
The acquiring entity, Thriveni Earthmovers Private Limited, does not belong to the promoter/promoter group/group companies of Lloyds Enterprises Limited. Consequently, the transaction does not fall within the ambit of a Related Party Transaction. No specific agreement was required to be executed by the Board of Directors or shareholders prior to the sale.
Source: BSE
