Lloyds Enterprises Limited has released its Monitoring Agency Report for the quarter ending March 31, 2026. The report confirms that funds raised via the company’s Rights Issue are being utilized appropriately in line with the objects specified in the offer document. Total funds raised reached INR 92,917.66 Lakhs, with significant progress made in the deployment of capital toward the company’s subsidiary, Lloyds Realty Developers Limited (LRDL), and general corporate purposes.
Utilization of Rights Issue Funds
As of the quarter ended March 31, 2026, the company has successfully raised a total of INR 92,917.66 Lakhs. The utilization of these proceeds has been verified by the independent monitoring agency, which noted that there have been no deviations from the objectives outlined in the initial offer document. A total of INR 46,164.76 Lakhs has been deployed, leaving an unutilized balance of INR 46,752.89 Lakhs.
Funding Real Estate Development
A primary objective of the fund-raising was to support Lloyds Realty Developers Limited (LRDL) through the subscription of secured Non-Convertible Debentures (NCDs). The company has already subscribed to NCDs amounting to INR 63,800 Lakhs. These funds are actively being directed toward critical real estate projects, including developments in Bandra and Goregaon, land acquisitions in Thane, and strategic investments in Calculus Logistech Private Limited.
General Corporate and Strategic Initiatives
Beyond the real estate investments, the company has allocated INR 24,436.90 Lakhs toward General Corporate Purposes (GCP). This includes strategic initiatives such as a contract for industrial plant technology and a subscription to the rights issue of its subsidiary, Lloyds Engineering Works Limited, aimed at bolstering the group’s operational capabilities. All expenditures have been reviewed by the Audit Committee and approved by the Board of Directors.
Source: BSE
