Lloyds Enterprises incorporates new defense subsidiary

Lloyds Enterprises Limited's material subsidiary, Lloyds Engineering Works Limited, incorporated "Lloyds Advance Defence Systems Limited" on December 11, 2025. This new entity, established in India, will operate as a wholly-owned step-down subsidiary of Lloyds Enterprises Limited.

The newly formed company has an authorized capital of Rs. 600,000, divided into 600,000 equity shares of Re. 1 each, with a fully paid-up capital of Rs. 600,000. Lloyds Engineering Works Limited will hold 100% of the share capital. The primary objective of this acquisition is to explore opportunities in advanced defense manufacturing and emerging technologies.

As a newly incorporated entity, Lloyds Advance Defence Systems Limited currently has no turnover and is yet to commence business operations. The incorporation is not classified as a related party transaction. This strategic move aligns with Lloyds Enterprises' broader objectives to diversify and strengthen its position within key industrial sectors.