Announced Mon, 22 Jun · 20:47 IST
EGM on July 15 for SISCOL acquisition and preferential share issue
Board & Shareholder Meetings View source PDF
LLOYDSENGG · price
▲ 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 EGM on July 15, 2026. Item 1: acquire 52.16% stake in SISCOL (Steel Infra Solutions) for about Rs 635.40 cr, partly cash (Rs 131.84 cr for 10.82%) and partly share swap (7.06 cr new shares at Rs 71.25 each, about Rs 503.56 cr, for 41.34%). SISCOL to become subsidiary. Item 2: preferential issue of 7 lakh shares to Prime Securities for Rs 4.99 cr cash. Plan to list SISCOL within 30 months.
Likely market impact
Large acquisition making SISCOL a subsidiary, adding steel fabrication business. Share swap of over 7 crore new shares will dilute existing shareholders.