Lloyds Engineering Works Limited
Agreement Details
Lloyds Engineering Works Limited's material subsidiary, Lloyds Advance Defence Systems Limited (LADS), has entered into an agreement with M/s Alpar Ingegneria S.R.L., Italy (ALPAR) on August 17, 2026. ALPAR is a company specializing in the design, development, and manufacture of advanced systems.
The purpose of the agreement includes:
- To design, develop and manufacture the Product Prototype/s and supply them to LADS
- Transfer of Technology (TOT) to LADS
- Licensed manufacturing of the Products in India
Key Terms and Approvals
The agreement does not involve any shareholding between the parties, and there are no significant terms mentioned regarding special rights like appointment of directors, share subscription rights, or restrictions on capital structure changes. The parties are not related to the promoter/promoter group/group companies in any manner. The transaction does not fall within related party transactions and is conducted at arm's length. There is no issuance of shares involved in this agreement.
Strategic Importance
The agreement enables technology transfer and licensed manufacturing capabilities for advanced defence systems in India through LADS, representing a strategic expansion of Lloyds' defence manufacturing capabilities.