Intimation - Approval received from Competition Commission of India ("CCI") for Application seeking approval for Scheme of Merger
LLOYDSENGG · price
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Lloyds Engineering Works Ltd has received approval from the Competition Commission of India (CCI) for the proposed merger by absorption. Three entities—Lloyds Infrastructure & Construction Limited, Metalfab Hightech Private Limited, and Techno Industries Private Limited—will merge into Lloyds Engineering Works Ltd. The CCI approved the combination on May 12, 2026, under Section 31(1) of the Competition Act, 2002. The merger is being undertaken under sections 230 to 232 of the Companies Act, 2013. CCI's order detailing the approval will follow separately. This is a key regulatory milestone in the merger process.
CCI approval removes a major regulatory hurdle for the merger. Shareholders should monitor for subsequent filings regarding NCLT approval and the final scheme terms, including any share swap ratios.