Lloyds Engineering Works Limited has received No Objection Certificates (NOCs) from the National Stock Exchange of India (NSE) and BSE Limited for its proposed Scheme of Merger by Absorption. The scheme involves the absorption of Lloyds Infrastructure & Construction Limited, Metalfab Hightech Private Limited, and Techno Industries Private Limited, along with their respective shareholders. The intimation was submitted to the exchanges on May 19, 2026.

Regulatory Approvals

The NSE issued its observation letter conveying no objection on May 18, 2026, followed by the BSE on May 19, 2026. These approvals are granted under Regulation 37 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The exchanges have provided specific observations regarding disclosures to be made before the National Company Law Tribunal (NCLT) and shareholders.

Scheme Conditions and Observations

The stock exchanges have mandated several conditions for the company to comply with. These include ensuring that all liabilities of the transferor companies are transferred to the transferee company and disclosing details of any ongoing adjudication or recovery proceedings against the company, its promoters, and directors. Additionally, the company must disclose the impact of the scheme on revenue, the rationale for the merger, and the valuation report in the explanatory statement sent to shareholders.

The validity of the observation letters is six months from the date of issuance, within which the company must submit the scheme to the NCLT. The exchanges have clarified that the NOC does not absolve the company from complying with other applicable laws and regulations.

Next Steps

The Scheme of Merger by Absorption remains subject to the receipt of necessary statutory and regulatory approvals. This includes approvals from the respective shareholders and creditors of the companies involved, as well as the jurisdictional NCLT. The company is required to file a compliance status report with the exchanges confirming adherence to the observations provided.

Lloyds Engineering Works Limited has confirmed that its promoters and Persons Acting in Concert (PAC) have not created any encumbrances, directly or indirectly, on their equity shares for the financial year ending March 31, 2026. This disclosure was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The confirmation, submitted by promoter Mukesh R. Gupta on April 6, 2026, states that no new encumbrances were made during the financial year 2025-26 other than those already disclosed. The submission includes a detailed list of the promoters and promoter group members as Annexure A.

Promoter and Promoter Group Details

The disclosure identifies eight individuals and entities that constitute the promoter and promoter group of the company. The list includes individual promoters as well as corporate entities and limited liability partnerships.

The communication was addressed to the Department of Corporate Services at BSE Limited and the National Stock Exchange of India Limited. The company requested that the exchanges place this information on their records.