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.

Lloyds Engineering Works Limited has received regulatory approval for relocating its wholly owned subsidiary's registered office from Gujarat to Maharashtra. The company disclosed this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 on March 03, 2026.

The Regional Director, Ahmedabad, Gujarat, Ministry of Corporate Affairs has approved the shifting of Techno Industries Private Limited's registered office from Gujarat to Maharashtra. The order was passed on February 27, 2026, and the certified copy was received by the company on March 02, 2026.

Relocation Details

The subsidiary's registered office will be relocated to enhance operational efficiency and business economics. The following table outlines the key details of this corporate restructuring:

Regulatory Compliance and Implementation

The relocation approval came through an application filed under Section 13(4) of the Companies Act, 2013, supported by a special resolution passed on October 25, 2025. The Regional Director confirmed that no complaints, inquiries, inspections, investigations, or prosecutions were pending against the subsidiary.

The shifting will become effective upon completion of specific regulatory requirements:

• Filing the certified copy of the order with the Registrar of Companies of both Gujarat and Maharashtra
• Obtaining a fresh Certificate of Incorporation from the Registrar of Companies
• Ensuring no adverse impact on employee interests through transfer or retrenchment
• Maintaining jurisdictional continuity for any pending legal proceedings

Business Impact Assessment

The company emphasized that this relocation pertains specifically to its wholly owned subsidiary and will not impact the operations or status of the listed entity. The move from Ahmedabad's industrial area to Mumbai's Lower Parel business district aligns with the subsidiary's strategic objectives for improved operational management and business development.

The approval process involved comprehensive regulatory scrutiny, including verification of the company's compliance status and confirmation of no pending regulatory issues. The Regional Director's order includes specific conditions to protect employee interests and maintain legal continuity during the transition process.