Lloyds Engineering to buy remaining 12% in TIPL for Rs 22.70 Cr

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

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

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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 Works board approved an amendment to the Share Purchase Agreement to acquire the remaining 12% stake (14,99,999 equity shares) in Techno Industries Private Limited for Rs. 22.70 Crore in cash. Post-acquisition, TIPL becomes a 100% wholly owned subsidiary. TIPL manufactures pumps, motors, and elevators with FY25 turnover of Rs. 15,504.40 Lakhs. Deal to close within one month.

Likely market impact

TIPL becomes fully owned subsidiary, expanding Lloyds Engineering into pumps, motors and elevators. Modest Rs 22.70 Cr cash deal for a Rs 155 Cr turnover target.