EGM notice: SISCOL stake acquisition via share swap and cash issue

Board & Shareholder Meetings View source PDF

LLOYDSENGG · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-5.0%1-day move

₹90.70

prior close

₹90.62

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-1.4-2.8-2.5-1.8-5.0-6.4-3.8-4.5-6.5-7.3-1.8-3.4——

Up moveDown movePending

AI summary

Lloyds Engineering Works EGM on 15 July 2026 to consider (1) issuing up to 7.06 crore equity shares at Rs 71.25 each, aggregating Rs 503.56 crore, to acquire 41.34% in Steel Infra Solutions (SISCOL) via share swap, making SISCOL a subsidiary. Total deal value across company and affiliates is about Rs 1,073 crore for 88.12% of SISCOL. (2) Issuing 7 lakh shares to Prime Securities for Rs 4.99 crore cash. Brickwork Ratings appointed as monitoring agency.

Likely market impact

Expands into steel fabrication, SISCOL to become subsidiary. Share dilution from preferential issue. Future SISCOL listing planned within 30 months.