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Lloyds Engineering to Acquire Remaining 12% Stake in Techno Industries for Rs 22.70 Crore
Lloyds Engineering Works Limited has approved the acquisition of the remaining 12% stake in Techno Industries Private Limited (TIPL) for Rs 22.70 crore, making it a wholly-owned subsidiary. TIPL is involved in manufacturing pumps, motors, and elevators, and reported a turnover of Rs 155.04 crore in FY 2024-25. The board also approved a corporate guarantee of Rs 59 crore to HDFC Bank to support TIPL's credit facilities. Additionally, the company granted 11.55 lakh ESOPs to employees of its associate company at an exercise price of Rs 9.50 per share.
Key Highlights
Acquisition of 14,99,999 equity shares (12% stake) in Techno Industries for Rs 22.70 crore.
Techno Industries becomes a 100% Wholly Owned Subsidiary of the company.
Techno Industries reported a significant turnover of Rs 155.04 crore for FY 2024-25.
Issuance of a Corporate Guarantee worth Rs 59 crore in favor of HDFC Bank for TIPL.
Grant of 11,55,074 ESOPs at an exercise price of Rs 9.50 per option to associate company employees.
💼 Action for Investors
Investors should look favorably upon the consolidation of Techno Industries as it diversifies the company's portfolio into electrical engineering. Monitor the impact of this 100% ownership on consolidated margins and future revenue growth.
Lloyds Engineering incorporates Lloyds Advance Defence Systems Limited
Lloyds Engineering Works Limited has incorporated a wholly-owned subsidiary, Lloyds Advance Defence Systems Limited, on December 11, 2025, to focus on the defence sector. This strategic move aims to capitalize on high-growth opportunities in the defence industry. LEWL has also executed agreements with international partners, including FlyFocus Sp. z o.o. (Poland) and Virtualabs S.r.l. (Italy), to bring in technological expertise. These collaborations will provide advanced solutions and align with the nation's focus on indigenous manufacturing.
Key Highlights
Lloyds Advance Defence Systems Limited incorporated on December 11, 2025
Wholly owned subsidiary (WOS) of Lloyds Engineering Works Limited
Partnership with FlyFocus Sp. z o.o. (Poland) for advanced drone technologies
Agreement with Virtualabs S.r.l. (Italy) for radar technology development
Collaboration with Fincantieri S.p.A for joint design and production of Advanced Steering Gear Systems
💼 Action for Investors
Investors should monitor the progress of Lloyds Advance Defence Systems Limited and its impact on Lloyds Engineering Works Limited's revenue and profitability. Keep an eye on the execution of international partnerships and their contribution to the company's growth in the defence sector.
LLOYDSENGG incorporates wholly-owned subsidiary: Lloyds Advance Defence Systems Limited
Lloyds Engineering Works Limited has announced the incorporation of a wholly-owned subsidiary, Lloyds Advance Defence Systems Limited, on December 11, 2025. The subsidiary is registered in Mumbai, Maharashtra. This move allows Lloyds Engineering to expand into the defence sector, focusing on manufacturing, assembly, and research in weapons and defence technologies. Investors should monitor the performance of this new subsidiary and its contribution to the overall revenue and profitability of Lloyds Engineering.
Key Highlights
Lloyds Advance Defence Systems Limited incorporated on December 11, 2025
Lloyds Advance Defence Systems Limited is a 100% owned subsidiary of Lloyds Engineering Works Limited
The subsidiary will focus on manufacturing and development of defence systems and technologies
The registered office of the subsidiary is in Mumbai, Maharashtra
💼 Action for Investors
Investors should monitor the progress of Lloyds Advance Defence Systems Limited and its impact on Lloyds Engineering Works Limited's future growth. Keep an eye on any significant contracts or developments in the defence sector that could benefit the subsidiary.