LLOYDS ENGINEERING WORKS LIMITED has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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Lloyds Engineering Works Limited has filed a quarterly compliance statement under SEBI Regulation 32 for the quarter ended 30th June 2025. The company raised Rs. 493.62 crore through a Rights Issue of shares on 5th June 2025, allotting 30.85 crore partly paid-up equity shares at Rs. 32 per share (Re. 1 face value). Of the total amount raised, Rs. 105.70 crore (about 21%) has been utilised so far, with the balance expected to be called by March 31, 2026. The company confirms there is no deviation or variation from the originally stated objects for which the funds were raised. India Ratings & Research is acting as the monitoring agency, and the audit committee and auditors have raised no comments on the utilisation.
This is a routine compliance disclosure confirming that the company is using rights issue funds in line with stated purposes with no deviations. Shareholders can take comfort from the clean audit committee and auditor review, though the relatively early-stage utilisation (21%) means most of the deployment — and its impact on business — is still ahead.