Lloyds Engineering boosts subsidiary stake, issues bank guarantee

Lloyds Engineering Works Limited's board of directors approved key business matters on December 26, 2025. The company noted the grant of 1,155,074 employee stock options under the Employee Stock Option Scheme 2021 at an exercise price of INR 9.50 per option. These options were extended to employees of Lloyds Infrastructure and Construction Limited, an associate company.

Furthermore, the board approved an amendment to a Share Purchase Agreement with Techno Industries Private Limited, facilitating the acquisition of the remaining 12% stake. This involves 1,499,999 equity shares at a face value of INR 10 each for a consideration of INR 22.70 crore. This acquisition will make Techno Industries Private Limited a wholly-owned subsidiary of Lloyds Engineering Works, strengthening its position in manufacturing and marketing pumps, motors, and elevators.

Finally, the board sanctioned the issuance of a corporate guarantee of INR 59 crore to HDFC Bank for Techno Industries Private Limited.