Lloyds Engineering Works Limited’s Securities Issue Committee has approved a substantial preferential allotment of 7,07,42,458 equity shares. This includes 7,00,42,458 shares issued for consideration other than cash, in lieu of acquiring shares of Steel Infra Solutions Company Limited, and 7,00,000 shares for cash consideration. The issue price for all shares is INR 71.25 each, comprising a face value of INR 1 and a premium of INR 70.25.
Lloyds Engineering Works Approves Preferential Share Allotment
The Securities Issue Committee of the Board of Directors at Lloyds Engineering Works Limited met on August 17, 2026, to consider and approve a significant preferential allotment of equity shares. This decision impacts the company’s capital structure and involves both cash and non-cash considerations.
Key Allotment Details
- Allotment Type: Preferential Allotment
- Total Equity Shares to be Allotted: 7,07,42,458
- Issue Price: INR 71.25 per Equity Share (Face Value INR 1 + Premium INR 70.25)
Consideration Other Than Cash
A total of 7,00,42,458 equity shares were approved for allotment on a preferential basis. This allotment is in consideration other than cash, specifically in lieu of the acquisition of 1,66,35,087 equity shares of Steel Infra Solutions Company Limited (“SISCOL”) through a share swap. The total value of this part of the allotment amounts to INR 499,05,25,132.50.
Consideration for Cash
Additionally, 7,00,000 equity shares were approved for allotment on a preferential basis for cash consideration. The total value for this cash component is INR 4,98,75,000.
Investors and Shareholding Impact
The allotment includes shares to various non-promoter individuals and entities for consideration other than cash, with Ravikant Uppal being a significant allottee of 1,57,79,393 shares. For cash consideration, Prime Securities Limited is the sole investor, receiving 7,00,000 shares. Following this allotment, the paid-up equity capital of the company has increased, with the total number of equity shares rising to 155,10,38,912.
The meeting of the Securities Issue Committee concluded at 6:05 p.m. on August 17, 2026.
Source: BSE
