EGM on July 15 for SISCOL acquisition and preferential share issue

Board & Shareholder Meetings View source PDF

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Price reaction · full curve 14 horizons · vs prior close

-5.0%1-day move

₹90.70

prior close

₹90.62

base price

After-mkt

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AI summary

Lloyds Engineering EGM on July 15, 2026 to seek approval for acquiring 52.16% stake in SISCOL. Deal involves issuing 7.06 crore shares at Rs 71.25 (total about Rs 503.56 Cr) to SISCOL sellers as share swap for 41.34% stake, plus cash for 10.82% (about Rs 131.85 Cr). Also issuing 7 lakh shares to Prime Securities for Rs 4.99 Cr cash. Total SISCOL deal value about Rs 1,073 Cr. SISCOL to become subsidiary.

Likely market impact

Share swap to issue 7.06 crore new shares will dilute existing holders. SISCOL acquisition may expand business. EGM vote on July 15 is key.