Key Quantitative Figures
- Acquisition Cost: ₹4.81 Crore
- Number of Shares Acquired: 500,000 equity shares
- Percentage Stake Acquired: 0.034% of Lloyds Engineering Works Ltd
- Target Company Financials (as of March 31, 2026):
- Standalone Turnover: ₹1,052.22 Crore
- PAT: ₹118.27 Crore
- Net Worth: ₹1,595.31 Crore
Dates of Action
- Event Occurrence: October 8, 2026 at 3:30 PM
- Company Awareness: Outside normal working hours on October 8, 2026
- Disclosure Date: October 9, 2026
- Acquisition Completion: October 8, 2026
Parties Involved
- Acquiring Entity: ASI Industries Limited
- Target Entity: Lloyds Engineering Works Ltd
- Compliance Officer: Manish Prakash Kakrai, Company Secretary & Compliance Officer
Purpose and Rationale
The shares were acquired through stock exchange and form part of investment purpose of ASI Industries Limited with view to reap the long-term/short-term investment benefits. The company does not intend to acquire control whether directly or indirectly of the management of the target entity.
Transaction Details
- Nature of Consideration: Cash Consideration
- Related Party Status: Not a related party transaction
- Arm's Length: Yes
- Promoter/Group Interest: No interest from promoter/promoter group/group companies
- Government Approvals: Not applicable
Target Company Background
Lloyds Engineering Works Ltd (incorporated September 19, 1994) specializes in the design and manufacture of heavy equipment, machinery, and systems for various industries including Hydrocarbon sector, Oil & Gas, Steel Plants, Power Plants, Nuclear Plant Boilers, and Turnkey Projects.
Turnover History:
- FY 2025-26: ₹1,052.22 Crore
- FY 2024-25: ₹755.78 Crores
- FY 2023-24: ₹624.24 Crore
Geographic Presence: India
Additional Information
The information relating to the target entity has been obtained from its website and annual report for FY 2025-26 and audited financial results for the year ended March 31, 2026, and BSE/NSE website.