ASI Industries Limited (the Company) has made a disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding acquisition of equity shares in another company.
Acquisition Details
Target Entity: Lloyds Engineering Works Ltd
Financial Details of Target Entity (as at 31/03/2026):
- Turnover (Standalone): ₹1052.22 Crore
- PAT: ₹118.27 Crore
- Net Worth: ₹1595.31 Crore
Transaction Details:
- Number of shares acquired: 605,291 equity shares
- Percentage of shareholding acquired: 0.041%
- Total cost of acquisition: ₹5.27 Crores
- Nature of consideration: Cash Consideration
- Acquisition method: Through stock exchange
Historical Turnover of Target Entity:
- FY 2025-2026: ₹1052.22 Crore
- FY 2024-2025: ₹755.78 Crore
- FY 2023-2024: ₹624.24 Crore
Transaction Characteristics
- Not a Related Party Transaction
- Promoter/promoter group/group companies have no interest in the entity being acquired
- Transaction conducted at "arm's length"
- No governmental or regulatory approvals required
- Acquisition completed on 17th July 2026
Business Background of Target Entity
Lloyds Engineering Works Ltd specializes in the design and manufacture of heavy equipment, machinery, and systems for various industries including Hydrocarbon sector, Oil & Gas, Steel Plants, Power Plants, Nuclear Plant Boilers, and Turnkey Projects. The entity has presence in India.
Purpose and Impact
The shares were acquired through stock exchange and form part of investment purpose of ASI Industries Limited with view to reap long-term/short-term investment benefits. The Company does not intend to acquire control whether directly or indirectly of the management of the Target Entity.
Additional Information
The information relating to the target entity has been obtained from its website and annual report for FY 2024-25 and audited financial results for the year ended 31st March 2026 and BSE/NSE Website.