Lloyds engineering works Limited has announced a significant enhancement of its corporate guarantee for its wholly owned subsidiary, increasing the facility from ₹59 crore to ₹109 crore. The Executive Committee of the Board of Directors approved this enhancement at its meeting held on March 12, 2026.

Corporate Guarantee Enhancement Details

The enhanced corporate guarantee has been issued in favour of HDFC Bank Limited for credit facilities availed by Techno Industries Private Limited, the company's wholly owned subsidiary. This represents an increase of ₹50 crore from the originally approved amount.

Board Approval Timeline

The corporate guarantee approval process involved two key board meetings. The initial guarantee of ₹59 crore was approved by the Board of Directors on December 26, 2025. Subsequently, the Executive Committee of the Board of Directors convened on March 12, 2026, to consider and approve the enhancement to ₹109 crore.

Regulatory Compliance and Disclosures

The company has made detailed disclosures as required under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Key regulatory disclosures include:

Transaction Characteristics

The company has confirmed that promoters, promoter groups, or group companies have no interest in this transaction. The corporate guarantee is specifically designed to support credit facilities utilized by Techno Industries Private Limited and is expected to have no material impact on the listed entity's operations or financial position.

The announcement was signed by Rahima Shaikh, Company Secretary and Compliance Officer, and communicated to both BSE Limited and the National Stock Exchange of India Limited as part of the company's regulatory obligations.

Lloyds Engineering Works Limited has appointed Brickwork Ratings India Private Limited as its monitoring agency to oversee the utilisation of proceeds from its rights issue of equity shares. The appointment was made in compliance with SEBI regulations governing capital market transactions.

Board Approval and Regulatory Compliance

The company's Board of Directors approved the appointment through a circular resolution passed on March 4, 2026. This decision aligns with Regulation 82 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, which mandates the appointment of monitoring agencies for rights issue proceeds.

Role and Responsibilities

Brickwork Ratings India Private Limited, being a SEBI-registered credit rating agency, will monitor how Lloyds Engineering Works Limited utilises the funds raised through its rights issue. This monitoring mechanism ensures transparency and accountability in the deployment of capital raised from shareholders.

Corporate Communication

The appointment details have been communicated to both BSE Limited and the National Stock Exchange of India Limited. The information is also available on the company's official website at www.lloydsengg.in , ensuring transparency for all stakeholders.

The formal intimation was signed by Rahima Shaikh, Company Secretary and Compliance Officer, demonstrating proper corporate governance procedures in the appointment process.