Intimation for Non-Objection Certificate received from BSE Limited and National Stock Exchange of India Limited for ''Scheme'' of Merger approved by Board of Directors in its meeting held ....
LLOYDSENGG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lloyds Engineering Works Limited has received 'No Objection Certificates' from both BSE Limited (dated May 19, 2026) and National Stock Exchange of India Limited (dated May 18, 2026) for the proposed Scheme of Merger by Absorption. Under this scheme, three entities — Lloyds Infrastructure & Construction Limited (LICL), Metalfab Hightech Private Limited (MHPL), and Techno Industries Private Limited (TIPL) — will be merged into the listed company Lloyds Engineering Works Limited (LEWL). The observation letters from both exchanges are based on SEBI's review. The scheme remains conditional upon approvals from shareholders, creditors, and the National Company Law Tribunal (NCLT). The NOC validity is six months from the date of issue.
The receipt of NOCs from both exchanges is a key regulatory milestone, clearing the path for the company to file the merger scheme with NCLT. If approved, this will consolidate the three transferor companies into LEWL, potentially impacting the company's asset base, revenue capacity, and shareholding structure.