LLOYDS ENGINEERING WORKS LIMITED has informed the Exchange that Board of Directors at its meeting held on April 17, 2025, has decided to issue equity shares on rights basis in the ratio of 308517476 : 1165510466, i.e 308517476 Equity Shares for every 1165510466 Equity Shares held. Issue Price is 32 per share.
LLOYDSENGG · price
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The Board of Directors of Lloyds Engineering Works Limited, at its meeting held on April 17, 2025, approved a rights issue of equity shares. The issue ratio is 308,517,476 new equity shares for every 1,165,510,466 existing equity shares held, which works out to roughly 1 new share for every 3.78 shares already held (about 0.26 new shares per existing share). The issue price has been fixed at ₹32 per share. If fully subscribed, the issue will result in approximately 26.5% dilution for existing shareholders.
Existing shareholders will get the right (but not the obligation) to buy additional shares at ₹32 each to maintain their proportional ownership. Those who do not participate will see their stake diluted. The ₹32 issue price gives a useful reference point for valuing the stock.