Nature and Purpose of the Meeting

The Securities Issue Committee of the Board of Directors met on Monday, August 17, 2026 to approve preferential allotment of equity shares. The meeting was held pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) (LODR) Regulations, 2015 and concluded at 6:05 p.m.

Details of Resolutions Passed

The committee approved two categories of preferential allotment:

1. Allotment for consideration other than cash (share swap):

  • Quantity: 7,00,42,458 Equity Shares
  • Face Value: INR 1/- each
  • Issue Price: INR 71.25 per share (including premium of INR 70.25)
  • Total Value: INR 499,05,25,132.50
  • Purpose: In lieu of acquisition of 1,66,35,087 Equity Shares of Steel Infra Solutions Company Limited (SISCOL)
  • Approved through Resolution passed in Extra Ordinary General Meeting held on July 15, 2026
  • Based on provisions of Section 42, 62 and other applicable provisions of the Companies Act, 2013

2. Allotment for cash consideration:

  • Quantity: 7,00,000 Equity Shares
  • Face Value: INR 1/- each
  • Issue Price: INR 71.25 per share (including premium of INR 70.25)
  • Total Value: INR 4,98,75,000
  • Allottee: Non-Promoter category
  • Approved through Resolution passed in Extra Ordinary General Meeting held on July 15, 2026
  • Based on provisions of Section 42, 62 and other applicable provisions of the Companies Act, 2013

Investor Details

i. Investors for Equity Shares (Consideration other than cash - 26 allottees):

  • Ravikant Uppal: 1,57,79,393 shares (1.02% post-allotment)
  • Rajagopal Kannabiran: 15,02,770 shares (0.10%)
  • Niladri Sarkar: 9,07,894 shares (0.06%)
  • Ranjan Sharma: 72,55,578 shares (0.47%)
  • Poonam Sharma: 55,49,886 shares (0.36%)
  • Star Global Resource Limited: 9,98,698 shares (0.06%)
  • Surin Holdings LLP: 1,23,59,907 shares (0.80%)
  • Krishna Fabrications Private Limited: 8,92,063 shares (0.06%)
  • Zarksis Jahangir Parabia: 25,29,507 shares (0.16%)
  • Nekzad J Parabia: 25,29,507 shares (0.16%)
  • MK Ventures: 72,95,368 shares (0.47%)
  • UAP Advisors LLP: 6,98,829 shares (0.05%)
  • Meridian Investment: 56,47,381 shares (0.36%)
  • Sushma Anand Jain: 17,84,122 shares (0.12%)
  • Aroon Raman: 5,35,237 shares (0.03%)
  • Santosh Desai: 4,65,263 shares (0.03%)
  • Narayanaswami Jayakumar: 4,46,029 shares (0.03%)
  • Flute Aura Enterprises Private Limited: 5,35,237 shares (0.03%)
  • Prime Securities Limited: 3,21,141 shares (part of total 10,21,141)
  • Vinod Kumar Lodha: 78,947 shares (0.01%)
  • Naresh Kumar Bhargava: 78,947 shares (0.01%)
  • Subhkam Ventures (I) Private Limited: 8,77,073 shares (0.06%)
  • Khazana Tradelinks Private Limited: 5,26,315 shares (0.03%)
  • TRC Engineering India Private Limited: 2,63,157 shares (0.02%)
  • RVB Enterprises LLP: 1,31,578 shares (0.01%)
  • Ladnun Consultancy Services LLP: 52,631 shares (0.00%)

ii. Investor for Equity Shares (Cash consideration - 1 allottee):

  • Prime Securities Limited: 7,00,000 shares (bringing their total to 10,21,141 shares including the 3,21,141 from non-cash allotment)

Financial Impact

  • Total capital raised through cash consideration: INR 4,98,75,000
  • Share swap consideration: Acquisition of 1,66,35,087 Equity Shares of SISCOL in exchange for 7,00,42,458 Equity Shares of Lloyds Engineering
  • Paid-up equity capital increase: From INR 147,87,84,399.50 (148,02,96,454 shares) to INR 154,95,26,857.50 (155,10,38,912 shares)

Compliance References

  • SEBI (Listing Obligations and Disclosure Requirements) (LODR) Regulations, 2015 - Regulation 30
  • SEBI Master Circular SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
  • Companies Act, 2013 - Sections 42 and 62
  • In-principle approvals received:
  • BSE Limited: Letter no. LOD/PREF/MV/FIP/635/2026-27 dated August 07, 2026
  • National Stock Exchange of India Limited: Letter No. NSE/LIST/55917 dated August 07, 2026

Additional Material Disclosures

  • All allottees are categorized as "Non Promoter"
  • Prime Securities Limited is the only allottee receiving shares under both consideration types
  • The share swap arrangement was approved in the Extra Ordinary General Meeting held on July 15, 2026
  • The use of proceeds from the cash consideration allotment is not specified in the document