Lloyds Enterprises Limited has agreed to acquire a 17.98% stake in Steel Infra Solutions Company Limited (SISCOL) for ₹219 crore, strengthening its group holding to approximately 88.12%. The transaction, approved by the board on June 18, 2026, values SISCOL at approximately ₹1,220 crore and is expected to enhance the scale and reach of the group's material subsidiary, Lloyds Engineering Works Limited (LEWL). The acquisition targets a structural steel fabricator with a robust order book and blue-chip client base, including L&T and Tata Projects.

The deal involves the purchase of 73,00,000 equity shares through cash consideration. Alongside Lloyds Enterprises Limited, its material subsidiary LEWL and group entity Streamland Estate LLP are acquiring the remaining stakes. LEWL will acquire 52.16% of SISCOL through a mix of cash and share swap, while Streamland Estate LLP will purchase 17.98% via cash. The total consideration for the group's 88.12% acquisition is approximately ₹1,073 crore.

Strategic Rationale and Profile

SISCOL is a full-stack structural steel fabricator engaged in design, engineering, fabrication, and erection. The company has executed 187 projects across 22 states since 2018, including marquee infrastructure developments like the Delhi Airport T1 terminal and the Noida International Airport. Its manufacturing capacity spans six units in Bhilai, Vadodara, and Hyderabad, totaling 100,000 MTPA.

The company is led by Ravi Uppal, Chairman and Managing Director, who brings over four decades of experience in engineering and infrastructure. SISCOL will continue to operate under its existing brand and leadership post-acquisition, ensuring business continuity.

Financials and Order Book

For the financial year 2025-26, SISCOL reported a revenue of approximately ₹817 crore, EBITDA of approximately ₹92 crore, and a profit after tax of approximately ₹44 crore. The company has demonstrated consistent growth, with revenue rising from ₹573.49 crore in FY 2023-24 to ₹636.10 crore in FY 2024-25.

The business currently holds a robust order book of approximately ₹1,134 crore, providing strong near-term revenue visibility. The board stated that the acquisition is not a related party transaction and does not require specific governmental approvals, with an indicative completion timeline of July 31, 2026.

Lloyds Enterprises Limited has fixed July 02, 2026, as the record date to determine shareholder eligibility for its 40th Annual General Meeting (AGM) and the payment of a final dividend. The meeting is scheduled for July 09, 2026, and will be conducted via Video Conferencing (VC) and Other Audio Visual Means (OAVM). Shareholders registered on the record date will be entitled to receive the dividend, if declared at the AGM for the financial year ended March 31, 2026, and to participate in the remote e-voting process. The company has dispatched the Annual Report for FY 2025-26 electronically and published newspaper advertisements on June 16, 2026, intimating the dispatch of the notice.

The Board of Directors has recommended a final dividend of ₹0.05 per equity share of face value ₹1 each for the financial year ended March 31, 2026, subject to the approval of the members. If sanctioned, the dividend will be paid on or after July 15, 2026. The company has appointed Bigshare Services Private Limited as its Registrar and Share Transfer Agent (RTA). Mr. Mitesh Shah, Practising Company Secretary, has been appointed as the scrutinator for the remote e-voting process and the AGM.

Key Agenda Items

The AGM will transact ordinary business, including the adoption of audited standalone and consolidated financial statements for FY26. Shareholders will consider the appointment of Mr. Babulal Agarwal as Managing Director and the declaration of the final dividend. Additionally, the meeting will consider the appointment of M/s. V. K. Beswal & Associates, Chartered Accountants, as Statutory Auditors for a term of five years.

Special Business and Related Party Transactions

Special business includes the re-appointment of Mr. Sandeep Suhas Aole as a Non-Executive Independent Director for a second term of five years. The meeting will also seek approval for the revision of remuneration for Mr. Babulal Agarwal, Chairman & Managing Director, effective from April 01, 2026.

Shareholders will vote on resolutions to approve material related party transactions with several entities, including Lloyds Engineering Works Limited (up to ₹200 crores), Lloyds Metals and Energy Limited (up to ₹500 crores), Lloyds Realty Developers Limited (up to ₹500 crores), Indrajit Properties Private Limited (up to ₹200 crores), Lloyds Infrastructure & Construction Limited (up to ₹200 crores), Lloyds Realty Limited (up to ₹1000 crores), and Simon Developers & Infrastructure Private Limited (up to ₹300 crores).

Event Schedule

The AGM proceedings comply with the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Pranjal Pramod Mahapure serves as the Company Secretary and Compliance Officer for Lloyds Enterprises Limited.