Lloyds Engineering Works Limited has released its monitoring agency report for the quarter ended December 31, 2025. The report, issued by India Ratings & Research, indicates no deviations from the intended objects of the company’s issue proceeds. The report covers the utilization of funds from the allotment of rights issue of shares as of June 5, 2025, and confirms adherence to regulatory guidelines.
Key Highlights of Monitoring Report
The monitoring agency report, issued by India Ratings & Research Private Limited, provides an overview of the utilization of issue proceeds by Lloyds Engineering Works Limited. The report specifically addresses the allotment of rights issue shares as of June 5, 2025.
No Deviation from Objectives
According to the report, there were no deviations from the intended objects of the issue. This assessment is based on management representations and a statutory auditor certificate dated February 4, 2026. The monitoring agency has confirmed that the funds were used as planned and disclosed in the offer document.
Details of Issue and Utilization
The rights issue, which took place between May 15, 2025, and May 30, 2025, involved the issuance of 30,85,17,476 rights equity shares at ₹32.00 per share. As of December 31, 2025, the company received INR 49,362.80 Lakhs against this issue. The funds have been allocated to various objectives, including:
- Funding capital expenditure for replacing industrial shed components at Murbad.
- Acquiring engineering assets from Bhilai Engineering Corporation Limited.
- Addressing the company’s working capital needs.
- Investing in Techno Industries Private Limited.
Comments on Specific Expenditures
The report also provides details on specific expenditures. For instance, INR 1,469.12 Lakhs has been utilized towards capital expenditure for industrial sheds, while INR 1,848.15 Lakhs has been allocated for acquiring assets from Bhilai Engineering Corporation. Working capital requirements have seen an investment of INR 31,785.07 Lakhs.
Notably, there is no commentary on the quality of the objects of the issue, appropriateness, or reasonableness of costs, or assurance on the outcome of such spending as mentioned in the report.
Source: BSE
