Intimation of 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 Limited has received approval from the Competition Commission of India (CCI) for a proposed Scheme of Merger by Absorption. Three companies – Lloyds Infrastructure & Construction Limited, Metalfab Hightech Private Limited, and Techno Industries Private Limited – will be merged into Lloyds Engineering Works Limited along with their respective shareholders. 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 and other applicable provisions of the Companies Act, 2013. The original application was filed with CCI on March 11, 2026.
This approval is a key regulatory milestone in the merger process. Once completed, the transaction will consolidate three subsidiary entities into the parent company, potentially expanding LEWL's scale and operational footprint. Shareholders should monitor for further updates on NCLT approval and the final swap ratios.