Lloyds Engineering Works Limited announced today, February 10, 2026, that it has entered into a Memorandum of Understanding (MOU) with Windsor Machines Limited. The primary purpose of this understanding is the purchase of industrial land and factory buildings located in the GIDC Vatva Industrial Area, Ahmedabad. The transaction specifically covers multiple plot numbers and includes existing fixed assets such as plant, machinery, and solar installations. The MOU explicitly states that it is a property transaction and does not constitute a partnership or joint control.
New Memorandum of Understanding Executed
Lloyds Engineering Works Limited confirmed today, February 10, 2026, the execution of a Memorandum of Understanding (MOU) with Windsor Machines Limited. This strategic move is intended to expand the company’s physical assets base as disclosed under relevant regulatory filings.
Purpose of the Transaction
The core objective of entering into this MOU is the purchase of industrial land and associated factory buildings. These assets are situated in the GIDC Vatva Industrial Area, Ahmedabad, comprising Plot Nos. 5402, 5403, 5404 & 5405. The purchase is comprehensive, including all existing fixed assets such as plant & machinery, furniture, cranes, and solar installations associated with the property.
Key Terms of the Agreement
The disclosure highlights crucial aspects governing the arrangement:
- The rights and obligations are limited strictly to the execution and completion of the property transaction, which covers payment of consideration and the subsequent handover of possession.
- Crucially, the MOU does not create any partnership, agency, joint control or continuing commercial relationship between Lloyds Engineering Works Limited and Windsor Machines Limited beyond the successful completion of this transaction.
Regulatory Compliance Status
The company has confirmed that several standard disclosure requirements under the relevant regulations are Not Applicable for this MOU. This includes:
- No existing shareholding between the parties.
- The transaction does not fall within related party transactions.
- There are no provisions for the issuance of shares to the parties involved.
This information is being provided to the stock exchanges in compliance with the disclosure requirements applicable to Lloyds Engineering Works Limited.
Source: BSE
