Lloyds Engineering buys remaining 12% stake in TIPL for Rs 22.70 Cr

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-1.3%Reaction day

₹56.89

prior close

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announcement price

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.5%-0.8% vs market

Industrial Products peers, median of 115sector-0.3%-1.0% vs sector

On the reaction day the stock moved 0.8 pts less than Nifty Microcap 250 and 1.0 pts less than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Lloyds Engineering will acquire the remaining 12% stake in its subsidiary Techno Industries for Rs 22.70 Crore in cash, making it a wholly owned unit. TIPL makes pumps, motors, and elevators with FY25 turnover of about Rs 155 Crore. This expands Lloyds into electrical engineering products. Board approved on Dec 26, 2025 as an amendment to the original deal from July 2024. Deal to close within one month with no regulatory approvals needed.

Likely market impact

100% ownership of TIPL adds Rs 155 Cr turnover, diversifies into electrical engineering. Deal size is small relative to the company.