LLOYDSENGGNSELLOYDS ENGINEERING WORKS LIMITEDMediumNeutral
Announced Thu, 15 Jan · 17:37 IST

LLOYDS ENGINEERING WORKS LIMITED has informed the Exchange regarding 'Intimation For Rights Issue Committee - For First And Final Call ofRights Issue Of Shares'.

Corporate Actions View source PDF

LLOYDSENGG · price

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Lloyds Engineering Works has informed the stock exchange about its Rights Issue Committee meeting regarding the First and Final Call of its Rights Issue of Shares. This is a procedural update related to an existing rights issue that was launched earlier, where allotted shareholders are now required to pay the remaining (final) call money. The company is complying with disclosure norms by announcing the committee's decision on the call schedule. Shareholders who did not pay the first call money earlier will need to make this final payment now. Specific details such as call price, due date, and record date are not provided in this filing.

Likely market impact

This is a routine procedural update and not a new fundraising event. Shareholders who were allotted rights shares must pay the balance call money by the due date to avoid forfeiture of their partly paid-up shares; the stock price impact is typically minimal unless there is a significant default pattern.