Lloyds Engineering Works Limited – Share Purchase & Subsidiary Acquisition (LLOYDSENGG)

Introduction

On 17 August 2026, Lloyds Engineering Works Limited (Lloyds Engineering) 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 NSE/BSE symbol LLOYDSENGG.

Key Highlights of the Transaction

Acquisition Structure

Acquirer	Shares Acquired	% of SISCOL Capital	Consideration (INR)	Mode
Lloyds Engineering Works Ltd.	2,08,79,871	51.13 %	₹626.39 crore	Cash + Share swap
Lloyds Enterprises Ltd. (holding company)	73,00,000	17.88 %	₹219.00 crore	Cash
Streamland Estate LLP	73,00,000	17.88 %	₹219.00 crore	Cash

Total shares acquired across the three parties amount to 3,54,79,871 shares, representing 86.89 % of SISCOL’s outstanding equity.

Consideration Details (Lloyds Engineering)

• Cash component: ₹127.34 crore for 42,44,784 shares (10.39 % of SISCOL).
• Share‑swap component: Issuance of 7,00,42,458 preferential shares at ₹71.25 per share, covering 1,66,35,087 shares (40.74 %).
• Aggregate cost to Lloyds Engineering: ₹626.39 crore.

Effective Control

• The acquisition became effective on 17 August 2026, making SISCOL a subsidiary of Lloyds Engineering with a 51.13 % holding.

Target Company – SISCOL – Profile

Attribute	Details
Business	Heavy steel fabrication and infrastructure solutions for energy, infrastructure and industrial sectors.
Turnover (FY 2025‑26)	₹816.87 crore
Net Profit (FY 2025‑26)	₹43.42 crore
Authorized Share Capital	₹65 crore (6,50,00,000 shares of ₹10 each)
Issued & Paid‑up Capital	₹40.83 crore (4,08,33,432 shares)
Established	12 Oct 2017 (CIN: U27300DL2017PLC324842)
Production Capacity	100,000 MT per annum across six plants (including a new Hyderabad facility).
Key Projects	Terminal 1, Delhi Airport; ITPL Bangalore; Noida International Airport.
Geographic Presence	India (headquarters in Delhi).

Strategic Rationale

• Portfolio Expansion: SISCOL’s steel fabrication capabilities complement Lloyds Engineering’s existing heavy‑mechanical, hydraulic, structural and process equipment businesses.
• Operating Synergies: Anticipated cost efficiencies through consolidated procurement, shared engineering/design resources, better capacity utilisation, and overhead rationalisation.
• Enhanced Order Book: Ability to bid for larger, integrated turnkey/EPC projects where customers currently source equipment and structural fabrication separately.
• Future Listing Roadmap: The company intends to file a Draft Red‑Herring Prospectus for a potential listing of SISCOL within 30 months of completing Stage 1 of the transaction, aiming for independent price discovery and shareholder value creation.

Regulatory & Compliance

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

Conclusion

Lloyds Engineering Works Limited has successfully acquired a controlling 51.13 % stake in SISCOL, investing ₹626.39 crore and bringing the heavy‑steel fabrication business under its umbrella. The move aligns with the company’s strategic objective of building a diversified, multi‑disciplinary engineering platform and is expected to generate operational synergies, broaden the product offering, and position the combined entity for larger EPC contracts. The planned future listing of SISCOL adds a potential upside for shareholders.

Prepared on the basis of the corporate announcement dated 17 August 2026.