Lloyds Engineering Works Limited secured shareholder approval for the preferential allotment of equity shares to acquire a controlling stake in Steel Infra Solutions Company Limited. The Extraordinary General Meeting (EGM), held on July 15, 2026, saw the passing of two special resolutions regarding the issuance of shares for both cash and non-cash consideration. The approvals enable the company to proceed with the issuance of 7,13,74,554 equity shares, comprising 7,06,74,554 shares for consideration other than cash and 7,00,000 shares for cash consideration.

The preferential allotment of 7,00,000 equity shares to non-promoters will be made at an issue price of ₹71.25 per share, aggregating to ₹4,98,75,000. Proceeds from this cash component are intended to subscribe to fresh equity shares in Steel Infra Solutions Company Limited. The company stated that funds will be utilized within the time limit specified in the Share Purchase and Shareholders Agreement, specifically on or before the Long Stop Date of March 31, 2027. Pending utilization, the funds will be parked in fixed deposits, liquid mutual funds, or other permitted instruments.

The resolutions were passed with strong support from shareholders. The resolution for the acquisition of a controlling stake via share swap received 99.7867% votes in favour, while the resolution for the preferential issue for cash consideration secured 99.7872% votes in favour. The remote e-voting facility was available from July 10, 2026, to July 14, 2026, with e-voting also conducted during the meeting.

The company confirmed that the proceedings comply with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and the provisions of the Companies Act, 2013. Mr. Harshvardhan Tarkas, Practicing Company Secretary, served as the Scrutinizer for the voting process.

Lloyds Engineering Works Limited's ownership in Lloyds Advance Defence Systems Limited (LADSL) has been diluted to 85% following a share allotment on June 29, 2026. The reduction in stake changes the status of LADSL from a wholly-owned subsidiary to a subsidiary, impacting the company's holding structure.

LADSL had passed a special resolution on June 24, 2026, approving a private placement of shares to its holding company and two other investors. Subsequently, the Board of Directors of LADSL passed a resolution on June 29, 2026, for the allotment of these shares. This allotment resulted in the dilution of the holding company's stake by 15%.

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had previously informed the exchanges regarding the potential acquisition of shares in an intimation dated December 12, 2025.

The following table summarizes the key changes in the shareholding structure:

The communication was signed by Rahima Shabbir Shaikh, Company Secretary and Compliance Officer for Lloyds Engineering Works Limited.