Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Lloyds Engineering Works Limited

Meeting Details

  • Date: Friday, October 16, 2026
  • Time: 2:45 PM to 3:25 PM (IST)
  • Location: Conducted through Video Conferencing/Other Audio Visual Means (VC/OAVM)
  • Type: Court-convened meeting of unsecured creditors as directed by the Hon'ble National Company Law Tribunal, Mumbai Bench
  • Tribunal Order: Order dated August 19, 2026, in Company Scheme Application No. C.A. (CAA) No. 124 / MB / 2026

Proposed Resolutions and Implications

The meeting considered approval of the Scheme of Merger by Absorption of:

1. Lloyds Infrastructure & Construction Limited (First Transferor Company)

2. Metalfab Hightech Private Limited (Second Transferor Company)

3. Techno Industries Private Limited (Third Transferor Company)

with Lloyds Engineering Works Limited (Transferee Company) and their respective shareholders under Sections 230 to 232 of the Companies Act, 2013.

The Scheme requires approval by a majority in number representing three-fourths in value of the unsecured creditors present and voting, as per Section 230(6) of the Companies Act, 2013. The approval is subject to subsequent approval of the Hon'ble Tribunal and other regulatory/statutory authorities as necessary.

Voting Process

  • Voting Methods: Remote e-voting prior to meeting and e-voting during the meeting
  • E-voting Provider: NSDL
  • Cut-off Date: Tuesday, March 31, 2026 (for determining voting eligibility)
  • Remote E-voting Period: Monday, October 12, 2026, at 9:00 AM (IST) to Thursday, October 15, 2026, at 5:00 PM (IST)
  • Meeting Voting: E-voting available during the meeting for unsecured creditors who had not voted remotely
  • Proxy Voting: Not permitted as physical attendance was not required

Key Voting Outcomes

The actual voting results were not provided in this document and will be intimated to the stock exchanges separately. The document confirms that the scrutinizer's report and e-voting results will be communicated to the stock exchanges within two working days from the meeting conclusion and placed on the websites of the Company, NSDL, and stock exchanges.

Scrutinizer's Role

Mr. Harshvardhan Tarkas, Practicing Company Secretary, was appointed by the Hon'ble Tribunal as scrutinizer to scrutinize the e-voting conducted at the meeting. The scrutinizer confirmed the requisite quorum was present at the meeting.

Compliance Confirmation

The meeting was conducted in compliance with:

  • Companies Act, 2013
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Directions issued by the Hon'ble National Company Law Tribunal, Mumbai Bench
  • The Notice convening the meeting was circulated to unsecured creditors whose names appeared in the company's books as of March 31, 2026

Additional Information

  • Chairperson: Mr. Pranay Luniya, Practicing Chartered Accountant, appointed by the Hon'ble Tribunal
  • The meeting concluded at 3:25 PM IST after being kept open for 15 minutes for e-voting by unsecured creditors who had not voted earlier
  • The resolution was recommended for consideration and approval through the e-voting system
  • The Chairman briefed unsecured creditors on the salient features and rationale of the proposed Scheme