Board Meeting Details

The meeting commenced at 12:30 p.m. and concluded at 4:02 p.m. on Thursday, August 6, 2026.

Key Approvals and Considerations

1. Financial Results Approval
2. Key Financial Highlights (Consolidated)
  • Revenue Growth: 142.92% YoY increase from ₹217.01 crore (Q1 FY26) to ₹527.15 crore (Q1 FY27)
  • EBITDA Growth: 124.38% YoY increase from ₹35.31 crore to ₹79.23 crore
  • PBT Growth: 132.06% YoY increase from ₹29.73 crore to ₹68.99 crore
  • Order Position Increase: 81.19% YoY growth as of July 1, 2026
  • Order Book Position: ₹2,817.42 crore as of July 1, 2026, compared to ₹1,554.94 crore on July 1, 2025
  • Associate Order Book: Lloyds Infrastructure and Construction Limited (associate) had an order book of ₹4,830.23 crore
3. Key Financial Highlights (Standalone)
  • Revenue Growth: 104.55% YoY increase from ₹173.95 crore to ₹355.82 crore
  • EBITDA Growth: 82.19% YoY increase from ₹32.95 crore to ₹60.03 crore
  • PBT Growth: 76.69% YoY increase from ₹29.51 crore to ₹52.41 crore
  • Order Position Increase: 81.85% YoY growth as of July 1, 2026
  • Order Book Position: ₹2,432.35 crore as of July 1, 2026, compared to ₹1,337.57 crore on July 1, 2025
4. Monitoring Agency Report
5. Statement of Deviation
6. Postal Ballot Notice

Approved the Draft Postal Ballot Notice for convening an extraordinary general meeting for passing resolution(s) through Postal Ballot/Remote E-voting process.

7. Variation of Rights Issue Objects

Subject to member approval via postal ballot and appropriate authorities, the Board proposed to vary the objects of the Rights Issue as disclosed in the Letter of Offer dated April 19, 2025, based on Audit Committee recommendations.

Rights Issue Utilization Details (as of June 30, 2026):

  • Gross Proceeds from Issue: ₹987.25 crore
  • Amount Utilized: ₹660.52 crore
  • Unutilized Amount: ₹326.73 crore

Breakdown of Utilization:

For Lloyds Engineering Works Limited:

  • Capital expenditure for industrial shed work: ₹39.06 crore allocated, ₹30.47 crore utilized, ₹8.59 crore unutilized
  • Acquisition of Bhilai Engineering assets: ₹134.00 crore allocated, ₹3.75 crore utilized, ₹130.25 crore unutilized
  • Working capital requirements: ₹336.53 crore allocated, fully utilized
  • Investment in Techno Industries: ₹25.00 crore allocated, fully utilized
  • Unidentified acquisition and general purposes: ₹344.31 crore allocated, ₹175.42 crore utilized, ₹168.89 crore unutilized

For Techno Industries Private Limited:

  • Land leasehold rights acquisition: ₹20.00 crore allocated, fully utilized
  • Capital expenditure for machinery: ₹32.97 crore allocated, ₹21.20 crore utilized, ₹11.77 crore unutilized
  • Working capital requirements: ₹33.40 crore allocated, fully utilized
  • Issue-related expenses: ₹21.98 crore allocated, ₹14.75 crore utilized, ₹7.23 crore unutilized

The unutilized amount of ₹326.73 crore is planned to be utilized from July 1, 2026, to March 31, 2027.

8. Corporate Guarantee

Board approved issuance of a Corporate Guarantee not exceeding ₹130 crore on behalf of Lloyds Infrastructure & Construction Limited (associate company).

Guarantee Details (Annexure-I):

  • Party: Lloyds Infrastructure and Construction Limited
  • Promoter/Promoter Group Interest: No
  • Nature: Corporate guarantee for credit facilities
  • Amount: ₹130 crore
  • Impact on listed entity: Nil
9. ESOP Pool Increase

Subject to member approval via postal ballot and appropriate authorities, the Nomination and Remuneration Committee proposed to increase the ESOP pool from 4,40,00,000 to 7,35,00,000 options by amending the "Lloyds Steels Industries Limited – Employee Stock Option Plan – 2021."

ESOP Details (Annexure-II):

  • No fresh grants being done
  • Exercise price based on market price one day before committee meeting
  • Exercise period: 3 years from vesting date
  • Requires shareholder approval for amendment

Financial Results Details

Standalone Financial Results (Quarter Ended June 30, 2026)
  • Total Income: ₹370.22 crore (₹423.12 crore previous quarter, ₹183.07 crore year-ago quarter)
  • Revenue from Operations: ₹355.82 crore
  • Other Income: ₹14.40 crore
  • Total Expenses: ₹318.08 crore
  • Profit Before Tax: ₹52.14 crore
  • Tax Expense: ₹8.71 crore
  • Net Profit After Tax: ₹43.43 crore
  • Total Comprehensive Income: ₹42.78 crore
  • Basic EPS: ₹0.30
  • Diluted EPS: ₹0.30
  • Paid-up Capital: ₹147.14 crore
Consolidated Financial Results (Quarter Ended June 30, 2026)
  • Total Income: ₹540.23 crore (₹503.80 crore previous quarter, ₹225.81 crore year-ago quarter)
  • Revenue from Operations: ₹527.15 crore
  • Other Income: ₹13.08 crore
  • Total Expenses: ₹471.24 crore
  • Profit Before Tax: ₹68.99 crore
  • Tax Expense: ₹13.89 crore
  • Net Profit After Tax: ₹55.10 crore
  • Share in Profit of Associates: ₹13.13 crore
  • Net Profit Including Associates: ₹68.23 crore
  • Attributable to Owners: ₹63.97 crore
  • Basic EPS: ₹0.47
  • Diluted EPS: ₹0.46
  • Paid-up Capital: ₹147.14 crore

Subsidiary and Associate Performance (Consolidated)

  • Metalfab Hightech Private Limited: Revenue ₹164.14 crore, Net Profit ₹17.75 crore
  • Techno Industries Private Limited: Revenue ₹39.02 crore, Net Loss ₹(6.44) crore
  • Lloyds Advance Defence Systems Limited: Revenue ₹2.68 crore, Net Profit ₹0.36 crore
  • Lloyds Infrastructure & Construction Limited (Associate): Group's share of net profit ₹13.13 crore

Additional Disclosures from Financial Statements

Significant Events During/After the Quarter:

1. May 5, 2026: Allotment of 2,14,368 equity shares pursuant to ESOP exercise at ₹9.50 per share

2. May 8, 2026: Conversion of 6,35,32,241 partly paid-up equity shares to fully paid-up

3. May 12, 2026: Received CCI approval for Scheme of Merger

4. May 18-19, 2026: Received NSE and BSE no-objection for Scheme of Merger

5. June 18, 2026: Filed Scheme with NCLT (pending)

6. June 18, 2026: Entered into Share Purchase Agreement with Steel Infra Solutions Company Limited

7. June 18, 2026: Board approved preferential issue of 7,13,74,554 shares at ₹71.25 per share

8. June 29, 2026: LADS diluted from 100% to 85% ownership due to private placement

9. July 1, 2026: ESOP grants approved - 12,32,334 options to LADS employees, 4,15,000 to company employees, 13,33,562 to associate company employees

10. July 15, 2026: Members approved preferential issue

11. July 29, 2026: Conversion of 1,47,14,074 partly paid-up equity shares to fully paid-up

ESOP Details (Quarter Ended June 30, 2026):
  • Options Outstanding at quarter start: 1,30,89,300
  • Options Exercisable at quarter start: 60,10,256
  • Options Vested during quarter: 2,14,368
  • Options Lapsed (Unvested): 4,48,559
  • Options Vested but Unexercised Lapsed: 23,046
  • Options Exercised: 45,86,129
  • Options Outstanding at quarter end: 1,24,49,419
  • Options Exercisable at quarter end: 16,15,449
Segment Information (Consolidated):

The company operates in two segments:

1. Engineering Segment: Manufacture and supply of equipment for steel plants, mineral processing, material handling, defense, marine/navy, and power sectors

2. Electrical Segment: Manufacture and supply of elevators, pumps, and motors

Quarter Ended June 30, 2026 Segment Results:

  • Engineering Segment Revenue: ₹519.08 crore, Segment Result: ₹74.40 crore
  • Electrical Segment Revenue: ₹8.07 crore, Segment Result: ₹(6.93) crore
  • Total Segment Result: ₹67.47 crore

Auditor Reports

Both standalone and consolidated financial results received unqualified limited review reports from S Y Lodha & Associates, Chartered Accountants (ICAI Firm Reg No.136002W), dated August 6, 2026.

Availability of Documents

All documents are available on the company's website at www.lloydsengg.in and on stock exchange websites.