Lloyds Engineering Works Completes ₹22.70 Crore Techno Industries Acquisition

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.

Parameter:	Details
Acquisition Value:	₹22.70 crores
Equity Shares Acquired:	14,99,999 shares
Face Value per Share:	₹10.00
Resulting Ownership:	100% (wholly-owned subsidiary)
Transaction Nature:	Cash consideration
Completion Timeline:	Within one month

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.

Company Details:	Specifications
Authorized Share Capital:	₹15.00 crores
Paid-up Share Capital:	₹12.50 crores
Total Equity Shares:	1,24,99,999 shares
Business Focus:	Pumps, motors, and elevators
Geographic Presence:	India

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.

Financial Year:	Turnover (₹ in lakhs)
2024-25:	15,504.40
2023-24:	16,756.00
2022-23:	14,833.00

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.37%	-8.60%	-2.30%	-37.47%	-27.24%	+6,509.09%

Lloyds Engineering Works has announced the establishment of a new subsidiary, "Lloyds Advance Defence Systems Limited," marking a significant strategic expansion into the defence manufacturing sector. The wholly owned subsidiary was incorporated on December 11, 2023, representing a formal corporate structure to enter the defence sector through strategic technology partnerships aimed at delivering enhanced defence solutions.

Strategic Defence Subsidiary Formation

The creation of Lloyds Advance Defence Systems Limited demonstrates a structured approach to defence sector entry by the capital goods manufacturer. This subsidiary formation provides a dedicated corporate entity to focus exclusively on defence-related operations, separate from the parent company's traditional non-electrical equipment manufacturing business.

Development Details	Information
Subsidiary Name	Lloyds Advance Defence Systems Limited
Parent Company	Lloyds Engineering Works Ltd
Incorporation Date	December 11, 2023
Strategic Focus	Defence sector entry
Approach	Technology partnerships

Technology Partnership Strategy

The subsidiary's business model centers on forming strategic technology partnerships to enhance defence solutions. This collaborative approach suggests the company plans to leverage external expertise and technological capabilities to accelerate its entry into the defence manufacturing space, rather than developing all capabilities independently.

Manufacturing and Supply Capabilities

The defence subsidiary will focus on manufacturing and supplying advanced defence systems across multiple domains. This comprehensive approach positions the company to serve various segments within the defence sector, potentially including specialized defence technology solutions and multi-domain defence equipment supply.

Business Expansion Impact

The establishment of this dedicated defence subsidiary represents Lloyds Engineering Works' commitment to diversifying beyond its traditional capital goods manufacturing operations. This strategic move creates a separate corporate structure to pursue defence sector opportunities while maintaining focus on the company's core non-electrical equipment business.

The subsidiary formation aligns with the company's growth strategy and represents a significant step in expanding its business portfolio to include defence-related manufacturing through strategic partnerships and enhanced solution development.