Lloyds Engineering Works Limited provides an update regarding its shareholding in subsidiary Lloyds Advance Defence Systems Limited (LADSL).
The company previously held a 100% equity stake in LADSL through its nominee shareholders, making it a wholly-owned subsidiary. This was disclosed in an earlier intimation dated December 12, 2025 (letter number RS/LLOYDSENGG/BSEL-NSEL/2025/104).
LADSL passed a special resolution on June 24, 2026, approving a private placement of shares to its holding company (Lloyds Engineering Works Limited) and two other investors. Subsequently, on June 29, 2026, the Board of Directors of LADSL passed a resolution for the allotment of these shares.
Consequent to this allotment, the holding company's stake has been diluted by 15 percentage points, reducing from 100% to 85%. This changes LADSL's status from a wholly-owned subsidiary to a subsidiary with an 85% stake.
The disclosure is made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with all relevant SEBI circulars. The company states that all requisite details required under these regulations were already disclosed in the December 12, 2025 intimation.