Lloyds Engineering Works Limited has completed the acquisition of the remaining 12% equity stake in Techno Industries Private Limited (TIPL) for ₹22.70 crores. This strategic transaction makes TIPL a wholly-owned subsidiary of Lloyds Engineering Works, strengthening the company's position in the electrical engineering products sector.

Acquisition Details and Structure

The transaction was executed through an amended Share Purchase Agreement, originally entered into on July 30, 2024. Lloyds Engineering Works acquired 14,99,999 equity shares of TIPL at a face value of ₹10.00 each, completing its 100% ownership of the target company.

Target Company Profile

Techno Industries Private Limited, incorporated on May 1, 2000, operates from its registered office in Ahmedabad, Gujarat. The company specializes in manufacturing and marketing pumps, motors, and elevators, representing a strategic expansion into electrical engineering products for the Lloyds group.

Financial Performance Track Record

Techno Industries has demonstrated consistent operational performance over the past three years, with turnover figures reflecting stable business operations in the electrical engineering sector.

Strategic Rationale and Regulatory Compliance

The acquisition represents a strategic move to expand Lloyds Engineering Works' product portfolio into electrical engineering products, diversifying beyond its traditional business lines. The transaction has been structured as a related party transaction conducted on an arm's length basis, with no additional governmental or regulatory approvals required.

Lloyds Engineering Works filed the disclosure under Regulation 30 of SEBI Listing Regulations, with Company Secretary Pranjal Mahapure signing the regulatory filing on December 26, 2025. The completion of this acquisition strengthens the group's position in the capital goods and electrical engineering sectors while providing access to new market segments through TIPL's established manufacturing and marketing capabilities.

Lloyds Engineering Works Limited has announced a significant employee stock option grant to strengthen its associate company operations. The company's Nomination and Remuneration Committee (NRC) approved the allocation of stock options on December 26, 2025, marking an important milestone in employee incentivization across the group.

ESOP Grant Details

The NRC approved the grant of 11,55,074 employee stock options to employees of Lloyds Infrastructure Construction Limited, an associate company. These options fall under the Lloyds Steels Industries Limited Employee Stock Option Plan-2021, which has received in-principle approval from both BSE Limited and National Stock Exchange of India Limited.

Vesting and Exercise Terms

The granted options come with specific vesting and exercise conditions designed to align employee interests with long-term company performance. The vesting schedule provides flexibility while ensuring sustained employee engagement.

Financial Impact

The ESOP grant represents a substantial financial commitment and potential value creation for the company. Upon full exercise of all granted options, the company stands to realize significant proceeds.

The key financial metrics include:

• Total shares covered: 11,55,074 equity shares upon exercise
• Potential money realization: ₹1.09 crores if all options are exercised
• Share conversion: Each option converts to one equity share of the company

Regulatory Compliance

The ESOP grant complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, as amended from time to time. The company has fulfilled all disclosure requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular dated November 11, 2024.

This ESOP grant demonstrates Lloyds Engineering Works' commitment to employee retention and motivation across its associate companies, potentially enhancing operational synergies within the group structure.