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 a proposed Scheme of Merger by Absorption. Three entities — Lloyds Infrastructure & Construction Limited, Metalfab Hightech Private Limited, and Techno Industries Private Limited — will merge into Lloyds Engineering Works Limited (the listed transferee company). The CCI approved the combination under Section 31(1) of the Competition Act, 2002 on May 12, 2026. The scheme is being undertaken under sections 230 to 232 of the Companies Act, 2013. The filing references an attached annexure and CCI letter for further details, but specific merger ratios or financial terms are not disclosed in the main letter.
The CCI green light removes a key regulatory hurdle for the merger. If completed, it will expand Lloyds Engineering Works' structure by absorbing the three subsidiaries. Shareholders should monitor for further filings on NCLT approval and swap ratios.