Lloyds Engineering Works Limited has approved a corporate guarantee of up to ₹130 Crore on behalf of its associate company, Lloyds Infrastructure & Construction Limited. This guarantee is intended to secure credit facilities for the associate, adding a significant contingent liability to Lloyds Engineering Works. The decision was made during a Board Meeting held on August 6, 2026.
Corporate Guarantee Approved for Associate Company
Lloyds Engineering Works Limited announced today that its Board of Directors has approved the issuance of a corporate guarantee. This guarantee is for credit facilities that will be extended to Lloyds Infrastructure & Construction Limited, an associate company of Lloyds Engineering Works. The maximum amount for this guarantee is set at ₹130 Crore (Rupees One Hundred Thirty Crore only).
Financial Implication for Lloyds Engineering Works
The approval of this corporate guarantee, dated August 6, 2026, signifies a material contingent liability for Lloyds Engineering Works. While the guarantee is on behalf of its associate, it could potentially impact the financial position of the listed entity should the associate company default on its credit obligations. Further details regarding the terms and conditions of this guarantee are provided in the enclosed annexure.
Disclosure Compliance
This disclosure is made in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided detailed information, as required by SEBI regulations and relevant circulars, in the annexure to this announcement.
Source: BSE
