Lloyds Enterprises Limited has announced the incorporation of a step-down subsidiary through its material subsidiary Lloyds Engineering Works Limited. The new entity, Lloyds Advance Defence Systems Limited, was incorporated on December 11, 2025, with the Certificate of Incorporation issued by the Ministry of Corporate Affairs, Government of India on the same date.

Corporate Structure and Disclosure

The incorporation was disclosed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Lloyds Engineering Works Limited, being a material subsidiary of Lloyds Enterprises Limited, incorporated the wholly owned subsidiary, making it a step-down subsidiary of the parent company.

Financial Structure

The newly incorporated defence subsidiary has been established with a defined capital structure to support its operations in the defence manufacturing sector.

Strategic Defence Expansion

The subsidiary has been established with comprehensive objectives in the defence and security sector. The primary business activities include manufacturing, assembly, integration, testing, maintenance, and upgradation of weapons and ammunition. The company will also engage in research, design, development and supply of defence systems, technologies, equipment, and components across land, air, sea, space, and cyber domains.

Advanced Technology Focus

Lloyds Advance Defence Systems Limited will focus on emerging technologies including artificial intelligence, machine learning, robotics, quantum computing, cybersecurity, and autonomous systems. The subsidiary aims to explore opportunities in advanced defence manufacturing and emerging technologies, positioning the group as a significant player in the defence landscape.

Regulatory Compliance

The company has confirmed that no governmental or regulatory approvals are required for this incorporation, and no related party transactions are involved in the establishment of the subsidiary. The disclosure has been made available on the company's website at www.lloydsenterprises.in in compliance with listing regulations.

Lloyds Engineering Works Limited (BSE: 539992, NSE: LLOYDSENGG) has announced the signing of two significant contract agreements with Kliver Polska Sp. z o.o., a Polish company, on November 20, 2025. These agreements mark an important step for Lloyds Engineering in the development of specialized equipment for underwater applications.

Contract Details

The two contracts focus on the development of critical components for multifunctional underwater platforms:

Scope of Work

Under these agreements, Kliver Polska Sp. z o.o. will be responsible for the design, prototyping, and delivery of:

1. Towed reels for multifunctional underwater platforms
2. An operational test tilt stand

These developments are expected to enhance Lloyds Engineering's capabilities in underwater technology applications.

Impact on Company Operations

According to the company's disclosure, these agreements do not have any impact on the management or control of Lloyds Engineering Works Limited. The contracts are not related to any promoter, promoter group, or group companies, and do not fall under the category of related party transactions.

Financial Implications

The combined value of the contracts amounts to $163,900.00 and €310,000.00. This investment in research and development could potentially strengthen Lloyds Engineering's position in the underwater equipment market.

Conclusion

These contracts represent Lloyds Engineering Works Limited's commitment to innovation and expansion in specialized engineering sectors. The collaboration with Kliver Polska Sp. z o.o. may open new avenues for the company in the field of underwater technology and equipment manufacturing.