LLOYDSENGG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lloyds Engineering Works Limited has submitted its first Monitoring Agency Report by Brickwork Ratings for the Rs. 987.25 crore Rights Issue (May 2025). As of March 31, 2026, Rs. 857.22 crore has been raised (Rs. 363.60 crore in Q4), representing 86.8% of the target. The company has fully utilized funds for working capital (Rs. 336.53 crore) and Techno Industries investment (Rs. 25 crore). However, Bhilai Engineering acquisition has only seen Rs. 3.75 crore spent out of Rs. 134 crore planned. Capital expenditure on the Murbad facility shows Rs. 18.48 crore utilized of Rs. 39.06 crore. A significant Rs. 260.46 crore remains unutilized under general corporate purposes. The timeline has been extended beyond March 2026 following EGM approval. No deviations from stated objects were reported.
The filing confirms proper utilization of rights issue proceeds without material deviations. The large unspent balance (Rs. 130 crore+ for Bhilai acquisition, Rs. 260 crore for GCP) suggests slower-than-expected execution of expansion plans. Shareholders should monitor whether the extended timeline leads to timely deployment.