Lloyds Engineering Works Approves Preferential Allotment of 7.07 Crore Shares
Lloyds Engineering Works Limited approved the preferential allotment of 7,00,42,458 equity shares valued at ₹499.05 crore for SISCOL share acquisition and 7,00,000 equity shares for ₹4.99 crore cash consideration. The issue price was ₹71.25 per share. This increases the company's paid-up equity capital.
The preferential allotment involves a substantial number of shares and a large aggregate value, which will materially impact the company's capital structure and ownership.
The company is undertaking a significant share allotment for an acquisition, which is generally viewed positively as it indicates growth and strategic expansion.
Lloyds Engineering Works Limited has 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, including a premium of ₹70.25. This allotment is on a preferential basis to shareholders of Steel Infra Solutions Company Limited (SISCOL) in lieu of the acquisition of their SISCOL equity shares through a share swap. The total value of this allotment is ₹499.05 crore.
Additionally, the committee approved the allotment of 7,00,000 equity shares at the same issue price of ₹71.25 per share to a Non-Promoter for a cash consideration of ₹4.99 crore. These allotments were made pursuant to resolutions passed in the Extra Ordinary General Meeting held on July 15, 2026, and have received in-principle approval from BSE Limited and the National Stock Exchange of India Limited on August 7, 2026.
The company has acquired 1,66,35,087 equity shares in SISCOL through this share swap. Following these allotments, the company's paid-up equity capital has increased to ₹154.95 crore, comprising 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 other corporate actions. 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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