Lloyds Engineering Works partners with Virtualabs S.r.l. for radar technology

Lloyds Engineering Works Limited (BSE: 539992, NSE: LLOYDSENGG) has entered into an agreement with Virtualabs S.r.l. of Italy as of December 4, 2025. This collaboration aims to develop radar technology for both defense and civil applications.

The agreement specifies that Lloyds Engineering Works has no shareholding in Virtualabs S.r.l. The primary objective of this partnership is to foster advancements in radar technology for a wide range of applications, including those within the defense sector and civil infrastructure.

Further details regarding the agreement indicate that there are no restrictions or liabilities imposed on Lloyds Engineering Works Limited beyond the scope of the agreement. The company confirmed that the parties involved are not related to any promoter, promoter group, or group companies, and the transaction is not classified as a related party transaction. The agreement does not involve the issuance of shares to the parties.