Lloyds Enterprises Subsidiary Dilutes LADSL Stake to 85%

Date: 30th June, 2026

Lloyds Engineering Works Limited (material subsidiary of Lloyds Enterprises Limited) has diluted its stake in step-down subsidiary Lloyds Advance Defence Systems Limited (LADSL)
LADSL was incorporated on 11th December, 2025 as a Wholly Owned Subsidiary of Lloyds Engineering Works Limited
Country of Incorporation: India
Authorised Capital: ₹10,00,00,000 divided into 10,00,00,000 equity shares of Re. 1 each
Paid-up Capital: ₹3,00,00,000 divided into 3,00,00,000 equity shares of Re. 1 each
Turnover: NIL (newly incorporated company)
Industry: Defence
Registered with Registrar of Companies, Mumbai

LADSL held an Extraordinary General Meeting on 24th June, 2026 that approved a private placement of equity shares to its holding company and two other investors
The Board of Directors of LADSL approved the allotment of equity shares at its meeting held on 29th June, 2026
Consequent to this allotment, Lloyds Engineering Works Limited's stake was diluted by 15%
Post-dilution shareholding: Lloyds Engineering Works Limited holds 85% stake in LADSL
Status change: LADSL changed from wholly-owned subsidiary to subsidiary of Lloyds Engineering Works Limited
Nature of consideration: Cash Consideration
The transaction does not qualify as a related party transaction
No governmental or regulatory approvals were required for the acquisition