Lloyds Engineering Works Limited announced the approval of equity share allotments by its Securities Issue Committee on August 17, 2026. This includes the allotment of 7,00,42,458 equity shares valued at approximately ₹499.05 crore through a share swap for acquiring shares in Steel Infra Solutions Company Limited. Additionally, 7,00,000 equity shares were allotted for cash consideration, totaling approximately ₹4.98 crore, to non-promoter investors.
Lloyds Engineering Works Approves Significant Equity Allotments
Lloyds Engineering Works Limited has announced the approval of substantial equity share allotments by its Securities Issue Committee, following a meeting held on Monday, August 17, 2026. These approvals are set to significantly alter the company’s capital structure and shareholding pattern.
Share Swap for Asset Acquisition
The committee approved the allotment of 7,00,42,458 equity shares of face value INR 1 each, at an issue price of INR 71.25 per share. This allotment, aggregating to approximately INR 499,05,25,132.50 (Rupees Four Hundred Ninety-Nine Crore Five Lakh Twenty-Five Thousand One Hundred Thirty-Two Rupees and Fifty Paise), was made on a preferential basis. These shares were issued in lieu of the acquisition of 1,66,35,087 equity shares of Steel Infra Solutions Company Limited (“SISCOL”), achieved through a share swap. This transaction is pursuant to the resolution passed at the Extra Ordinary General Meeting held on July 15, 2026.
Cash Consideration for Equity Issuance
In a separate transaction, the company approved the allotment of 7,00,000 equity shares of face value INR 1 each, at an issue price of INR 71.25 per share. This allotment amounts to approximately INR 4,98,75,000/- (Rupees Four Crore Ninety-Eight Lakhs Seventy-Five Thousand only) and was made on a preferential basis to Non-Promoters for cash consideration. This issuance also stems from the resolution passed at the Extra Ordinary General Meeting on July 15, 2026.
Post-Allotment Shareholding Details
The document provides a detailed breakdown of the investors receiving equity shares for consideration other than cash, including names like Ravikant Uppal, Rajagopal Kannabiran, and Surin Holdings LLP, among others. It also lists Prime Securities Limited as an investor for cash consideration. The shareholding details, both pre and post-preferential allotment, are provided for several key investors, indicating changes in their stakes in Lloyds Engineering Works.
Issue Price and Investor Count
The issue price for all allotted equity shares was set at INR 71.25 per share (Face Value INR 1/- each plus Premium INR 70.25 each). The total number of investors for the consideration other than cash allotment stands at 26, with 1 investor for the cash consideration. Prime Securities Limited is noted as an allottee for both types of consideration.
Impact on Paid-up Capital
Following these allotments, the company’s paid-up equity capital has increased. The paid-up equity capital has risen from INR 147,87,84,399.50 (representing 148,02,96,454 equity shares) to INR 154,95,26,857.50 (representing 155,10,38,912 equity shares).
Source: BSE
