Date: August 17, 2026

Acquisition Details

Lloyds Engineering Works Limited ('the Company') has acquired a controlling 51.13% stake in Steel Infra Solutions Company Limited (SISCOL) through a Share Purchase, Share Subscription and Shareholders' Agreement dated June 18, 2026. The acquisition was consummated on August 17, 2026, making SISCOL a subsidiary of the Company.

Transaction Structure

The total acquisition involved 3,54,79,871 equity shares (86.89% of total outstanding equity) of SISCOL across three entities:

  • Company Acquisition: 2,08,79,871 equity shares (51.13%) for INR 626,39,61,300
  • Cash component: INR 127,34,35,200 for 42,44,784 shares (10.39%)
  • Share swap component: 7,00,42,458 equity shares issued at INR 71.25 per share for 1,66,35,087 shares (40.74%)
  • Lloyds Enterprises Limited Acquisition: 73,00,000 equity shares (17.88%) for INR 219,00,00,000 (cash)
  • Streamland Estate LLP Acquisition: 73,00,000 equity shares (17.88%) for INR 219,00,00,000 (cash)

Target Company Profile

Steel Infra Solutions Company Limited (SISCOL)

  • Incorporated: October 12, 2017
  • Business: Heavy steel fabrication and infrastructure solutions serving energy, infrastructure and industrial segments
  • Production capacity: 100,000 MT per annum across six manufacturing facilities
  • Land area: 25 acres (101,920 sq meters)
  • Notable projects: Terminal 1 at Delhi Airport, ITPL Bangalore, Noida International Airport

Financial Performance

SISCOL Financials:

  • FY 2025-26: Turnover INR 816.87 Crores, Net Profit INR 43.42 Crores
  • FY 2024-25: Turnover INR 636.10 Crores
  • FY 2023-24: Turnover INR 573.49 Crores

Capital Structure:

  • Authorized Share Capital: INR 65,00,00,000 (6,50,00,000 equity shares of INR 10 each)
  • Issued, Paid-up and Subscribed Share Capital: INR 40,83,34,320 (4,08,33,432 fully paid-up equity shares of INR 10 each)

Strategic Objectives

The acquisition supports the Company's strategic objective of building a diversified, multi-disciplinary engineering platform with expected benefits:

  • Expansion of capabilities and product portfolio through complementary heavy steel fabrication business
  • Operating synergies through procurement consolidation, shared engineering resources, and overhead rationalization
  • Strengthened order book and ability to bid for larger integrated turnkey/EPC projects
  • Pathway to listing SISCOL within 30 months from completion of Stage 1 transaction

Effective Date

The acquisition was consummated on August 17, 2026, with SISCOL becoming a subsidiary of Lloyds Engineering Works Limited effective this date.