This disclosure provides clarifications/modifications/updations to the EGM Notice dated 18th June, 2026 in response to observations received from stock exchanges regarding the proposed preferential issue of 7,13,74,554 Equity Shares. The issue comprises 7,06,74,554 Equity Shares for consideration other than cash and 7,00,000 Equity Shares for cash consideration.
Key Clarifications Provided:
1. Objects of Preferential Issue for Cash Consideration:
- The issue of 7,00,000 Equity Shares to Non-Promoter on preferential allotment basis is for cash at an Issue Price of ₹71.25 per share
- Total cash consideration aggregates to ₹4,98,75,000
- Purpose: To subscribe fresh Equity Shares in Steel Infra Solutions Company Limited (SISCOL)
- Timeline for fund usage: Proceeds shall be utilized for fund infusion into SISCOL before the Long Stop Date (on or before 31st March, 2027) as per provisions of the SPSHA
- Interim use of funds: Pending utilization, funds will be kept in fixed deposits/liquid mutual funds or other permitted instruments
2. Addendum to Valuation Report:
- In response to NSE's observation that all three valuation approaches (Cost Approach/Income Approach/Market Approach) were not adopted for valuation of the Listed Company
- An Addendum to the Valuation Report has been prepared incorporating the requisite valuation approaches
- The Addendum has been submitted to stock exchanges and is available on the company website at https://lloydsengg.in/preferential-issue/ under the "Investor" tab
Authentication:
- Digitally signed by Rahima Shabbir Shaikh, Company Secretary and Compliance Officer (ACS: 63449)
- Signature date: July 15, 2026 at 17:30:51 IST