Lloyds Engineering Works Limited has received the ‘No Objection’ from both the National Stock Exchange (NSE) and BSE Limited regarding its proposed merger. The scheme involves the absorption of Lloyds Infrastructure & Construction Limited, Metalfab Hightech Private Limited, and Techno Industries Private Limited. This milestone allows the company to proceed with the formal filing of the merger scheme with the National Company Law Tribunal, marking a significant step in the corporate restructuring process.
Advancing the Corporate Merger
Following the initial approval by its Board of Directors on December 29, 2025, Lloyds Engineering Works Limited has achieved a critical milestone in its consolidation strategy. The company has officially received the ‘No Objection Certificate’ from both the NSE and BSE, dated May 18, 2026, and May 19, 2026, respectively. This clearance validates the draft scheme for the merger by absorption of three specific entities into the company.
Companies Involved in the Scheme
The consolidation involves the merger of three companies—Lloyds Infrastructure & Construction Limited, Metalfab Hightech Private Limited, and Techno Industries Private Limited—into the parent entity, Lloyds Engineering Works Limited. The merger is designed to streamline operations and leverage the collective strengths of these businesses under a unified corporate structure.
Next Steps and Regulatory Compliance
While the receipt of these observations represents a major step forward, the merger remains subject to final approval from shareholders, creditors, and the National Company Law Tribunal (NCLT). The company is committed to upholding transparency and ensuring that all regulatory conditions—including the disclosure of financial health, valuation details, and post-merger shareholding patterns—are met in accordance with the feedback received from the stock exchanges. The company is mandated to submit the scheme to the NCLT within six months from the date of the observation letters.
Source: BSE
