Lloyds Engineering Works Limited – Corporate Announcement (LLOYDSENGG / Scrip Code: 539992)

Introduction

On 17 August 2026, Lloyds Engineering Works Limited (the “Company”) filed an intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, notifying the acquisition of a controlling stake in Steel Infra Solutions Company Limited (SISCOL). The announcement references the Company’s listed symbols LLOYDSENGG (NSE) and Scrip Code 539992 (BSE).

Key Highlights of the Acquisition

Transaction Overview

Party	Shares Acquired	% of SISCOL Capital	Consideration
Lloyds Engineering Works Ltd.	2,08,79,871	51.13 %	INR 626.40 crore (cash + share‑swap)
Lloyds Enterprises Ltd. (holding company)	73,00,000	17.88 %	INR 219.00 crore (cash)
Streamland Estate LLP	73,00,000	17.88 %	INR 219.00 crore (cash)

• Total shares acquired: 3,54,79,871 (86.89 % of SISCOL’s equity).
• Effective control date: 17 August 2026 – SISCOL becomes a subsidiary of the Company.

Consideration Details (Company’s Portion)

• Cash component: INR 127.34 crore for 42,44,784 shares (10.39 %).
• Share‑swap component: 7,00,42,458 preferential shares issued at ₹71.25 per share, covering 1,66,35,087 shares (40.74 %).
• Aggregate cost to the Company: INR 626.40 crore.

Target Company Profile (SISCOL)

• Business: Heavy steel fabrication and infrastructure solutions for energy, infrastructure, and industrial sectors.
• Turnover (FY 2025‑26): ₹816.87 crore (Net profit ₹43.42 crore).
• Authorized share capital: ₹65 crore (6.5 million shares of ₹10 each).
• Paid‑up share capital: ₹40.83 crore (4.08 million shares).
• Manufacturing footprint: Six plants, including a newly operational facility in Hyderabad, total capacity 100,000 MT/yr; land base 25 acres (101,920 sq m).
• Geographic presence: India (registered office in Delhi).
• Key projects: Terminal 1, Delhi Airport; ITPL Bangalore; Noida International Airport.

Strategic Rationale (as disclosed)

• Portfolio expansion: SISCOL’s capabilities complement the Company’s existing heavy mechanical, hydraulic, structural, and process equipment businesses.
• Operating synergies: Consolidated procurement, shared engineering/design resources, better capacity utilisation, and overhead rationalisation.
• Enhanced order book: Ability to bid for larger, integrated turnkey/EPC projects.
• Future listing roadmap: Intention to file a Draft Red Herring Prospectus for SISCOL within 30 months of completing Stage 1, aiming for independent price discovery and shareholder value creation.

Regulatory & Compliance Notes

• The acquisition does not constitute a related‑party transaction.
• Required approvals were obtained from shareholders and stock exchanges; no other governmental or regulatory approvals were needed.
• Full disclosure under Regulation 30 and SEBI Master Circular SEBI/HO/49/14/14(7)2025‑CFD‑POD2/I/3762/2026 is provided in Annexure‑1 of the filing.

Implications for Investors

• Control: Lloyds Engineering Works now holds a majority 51.13 % stake, giving it effective control over SISCOL.
• Capital outlay: The Company has committed ≈ ₹626 crore in cash and equity, reflecting a significant investment in expanding its engineering platform.
• Growth outlook: The acquisition is positioned to broaden product offerings, generate cost efficiencies, and enable participation in larger infrastructure contracts, potentially enhancing future earnings.
• Listing prospect: The planned future listing of SISCOL could unlock additional valuation upside for shareholders.

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Prepared on the basis of the corporate announcement dated 17 August 2026 filed by Lloyds Engineering Works Limited.