Lloyds Engineering Works Limited has officially appointed M/s. Brickwork Ratings India Private Limited as the Monitoring Agency for overseeing the utilization of proceeds raised through its recent Rights Issue of equity shares. This board approval was finalized via a Circular Resolution passed on Wednesday, March 4, 2026. Brickwork Ratings is a SEBI-registered Credit Rating Agency, ensuring compliance and transparency in the deployment of the capital raised by the company.
Confirmation of Monitoring Agency Appointment
In a formal disclosure dated March 4, 2026, Lloyds Engineering Works Limited announced a key administrative step following its recent equity Rights Issue. The Board of Directors has formally approved the appointment of a third-party agency responsible for monitoring the precise utilization of the funds raised.
Key Details of the Appointment
The designated monitoring entity is M/s. Brickwork Ratings India Private Limited. This entity is explicitly identified as a SEBI registered Credit Rating Agency. Their mandate covers the crucial task of monitoring the effective utilization of the proceeds generated from the Rights Issue of the company’s equity shares, ensuring accountability and adherence to stated objectives.
Board Approval Timeline
The approval for this appointment was officially accorded by the Board of Directors through a Circular Resolution that was passed on the date of the announcement, Wednesday, March 4, 2026. Further details regarding this decision are available for public review on the company’s official website, www.lloydsengg.in.
Stock Exchange Identifiers
The company is listed on both major Indian exchanges, identified by the following codes:
- BSE Scrip Code: 539992
- NSE Symbol: LLOYDSENGG
- ISIN: INE093R01011
The communication was finalized by Rahima Shaikh, Company Secretary and Compliance Officer (ACS: 63449).
Source: BSE
