Lloyds Engineering Works Limited Rights Issue (Lloyds Engineering Works Rights Issue 2025) Detail

Rights Issue Timetable

Introduced in 1994, Lloyds Engineering Works Limited (formerly Lloyds Steels Industries Limited) is a engaged in the heavy engineering.

The company provides engineering and infrastructure solutions, encompassing designing, engineering, manufacturing, fabrication and installation of heavy equipment, as well as machinery and systems for customers of hydrocarbon (oil & gas) sector, steel processing industries, captive power plants used in steel plants, marine sector, ports, heat exchangers used by nuclear power plants as well as other projects.

The company has headquartered in Mumbai, its manufacturing facility is located in Murbad, Thane District, Maharashtra, approximately 100 km from the head office.

The company specializes in designing and manufacturing heavy equipment, machinery, and systems for various sectors, including Hydrocarbon, Oil & Gas, Steel Plants, Power Plants, Nuclear Plant Boilers and Turnkey Project.

Objects of the Issue:

The Company intends to utilize the Net Proceeds from this Issue towards the following objects:

(A) For the Company:

1. Funding the capital expenditure towards replacement of Industrial Shed’s Wall & Roof Sheeting, Repair, Restoration and Strengthen of entire Structure, at existing workshops at Murbad, Thane, Maharashtra;
2. Funding the acquisition of the Engineering Assets of Bhilai Engineering Corporation Limited, Bhilai and overhauling and refurbishment of the machineries thereof;
3. Funding the working capital requirements of our Company;
4. Investment in the equity shares of Techno Industries Private Limited (second tranche); 
5. Funding of unidentified acquisition and General Corporate Purposes.

(B) For Techno Industries Private Limited, our Material Subsidiary:

1. Funding the acquisition of leasehold rights of the land as well as shed thereon of the existing factory, situated at Plot No. 5002, Phase IV, GIDC, Vatva, Ahmedabad, Gujarat.
2. Funding the capital expenditure requirements towards purchase of machineries at existing factory situated at Plot No. 5002 and Plot No. 505, Phase IV, GIDC, Vatva, Ahmedabad, Gujarat.
3. Funding the working capital requirements.