Lloyds Engineering Works Approves Allotment of 7.07 Crore Shares Worth ₹499 Crore
Lloyds Engineering Works approved the allotment of 7,00,42,458 equity shares for ₹499.05 crore via share swap for SISCOL acquisition. It also allotted 7,00,000 equity shares for ₹4.99 crore for cash consideration. The company's paid-up capital increased to ₹154.95 crore.
The preferential allotment involves a substantial amount of ₹499.05 crore and 7,00,42,458 equity shares, along with an additional ₹4.99 crore for 7,00,000 equity shares, significantly impacting the company's capital structure and ownership.
The company successfully completed a significant preferential allotment of shares, facilitating an acquisition and raising capital, which is generally viewed positively.
Lloyds Engineering Works Limited announced the outcome of its Securities Issue Committee meeting held on August 17, 2026. The committee approved the allotment of 7,00,42,458 equity shares at an issue price of ₹71.25 per share, aggregating to ₹499.05 crore. This allotment is on a preferential basis to shareholders of Steel Infra Solutions Company Limited (SISCOL) in lieu of the acquisition of 1,66,35,087 equity shares of SISCOL through a share swap.
Additionally, the committee approved the allotment of 7,00,000 equity shares at the same issue price of ₹71.25 per share, aggregating to ₹4.99 crore, on a preferential basis to a non-promoter for cash consideration. Both allotments were made pursuant to resolutions passed in the Extra Ordinary General Meeting held on July 15, 2026.
The company has received in-principle approvals for these preferential issues from BSE Limited and the National Stock Exchange of India Limited on August 7, 2026. Following these allotments, the company's paid-up equity capital has increased to ₹154.95 crore, consisting of 155,10,38,912 equity shares.
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LLOYDS ENGINEERING WORKS LIMITED filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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