Lloyds Engineering Works Limited has submitted a regulatory disclosure to BSE Limited and the National Stock Exchange of India Limited regarding a variation in the objects of its right issue. The disclosure is made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the referenced SEBI Master Circular.

The Board of Directors has considered and approved the variation in the objects of the right issue as originally disclosed in the letter of offer dated April 19, 2025. This approval was based on recommendations received from the Audit Committee. The variation is subject to approval by members through a postal ballot resolution and approval from appropriate authorities.

As of June 30, 2026, the company has utilized an aggregate amount of ₹660.52 crore towards the objects of the issue. An amount of ₹326.73 crore remains unutilized from the total gross proceeds of ₹987.25 crore.

Detailed Utilization and Revised Allocation:

For Lloyds Engineering Works Limited:

  • Funding capital expenditure for industrial shed repairs at Murbad, Thane: Original allocation ₹39.06 crore, utilized ₹30.47 crore, balance unutilized ₹8.59 crore. Revised balance to be utilized from July 1, 2026 to March 31, 2027: Nil.
  • Funding acquisition of engineering assets of Bhilai Engineering Corporation Limited and machinery refurbishment: Original allocation ₹134.00 crore, utilized ₹3.75 crore, balance unutilized ₹130.25 crore. Revised allocation: ₹71.25 crore.
  • Funding working capital requirements: Original allocation ₹336.53 crore, fully utilized ₹336.53 crore, balance nil. Revised allocation: ₹86.59 crore.
  • Investment in equity shares of Techno Industries Private Limited (second tranche): Original allocation ₹25.00 crore, fully utilized ₹25.00 crore, balance nil. Revised allocation: Nil.
  • Funding unidentified acquisition and General Corporate Purposes: Original allocation ₹344.31 crore, utilized ₹175.42 crore, balance unutilized ₹168.89 crore. Revised allocation: ₹168.89 crore.

For Techno Industries Private Limited:

  • Funding acquisition of leasehold rights of land and shed at GIDC, Vatva, Ahmedabad: Original allocation ₹20.00 crore, fully utilized ₹20.00 crore, balance nil. Revised allocation: Nil.
  • Funding capital expenditure for machinery purchase at existing factories in Ahmedabad: Original allocation ₹32.97 crore, utilized ₹21.20 crore, balance unutilized ₹11.77 crore. Revised allocation: Nil.
  • Funding working capital requirements: Original allocation ₹33.40 crore, fully utilized ₹33.40 crore, balance nil. Revised allocation: Nil.
  • Issue Related Expense: Original allocation ₹21.98 crore, utilized ₹14.75 crore, balance unutilized ₹7.23 crore. Revised allocation: Nil.

The total gross proceeds from the issue were ₹987.25 crore. The revised unutilized amount of ₹326.73 crore is planned to be utilized between July 1, 2026 and March 31, 2027.

The disclosure was signed by Rahima Shabbir Shaikh, Company Secretary and Compliance Officer (ACS: 63449) on August 6, 2026.