LLOYDS ENGINEERING WORKS LIMITED has informed the Exchange about 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 on December 29, 2025
LLOYDSENGG · price
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On the reaction day the stock moved 1.2 pts less than Nifty Microcap 250 and 1.4 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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Lloyds Engineering Works Limited has received 'No Objection Certificates' from both BSE (May 19, 2026) and NSE (May 18, 2026) for a Scheme of Merger by Absorption. The scheme involves the merger of three subsidiaries - Lloyds Infrastructure & Construction Limited, Metalfab Hightech Private Limited, and Techno Industries Private Limited - into Lloyds Engineering Works Limited (the transferee company). The Board had originally approved this merger on December 29, 2025. The observation letters from both exchanges contain several compliance conditions that must be met, including detailed disclosures to shareholders about financials, valuation reports, and shareholding patterns. The NOC validity period is six months from May 18, 2026, within which the company must file the scheme with NCLT.
This is a positive regulatory milestone indicating the merger is progressing toward completion. Shareholders should expect detailed disclosures ahead of shareholder and NCLT approvals. The stock may see increased activity as the consolidation of subsidiaries could strengthen the company's operational footprint.