LLOYDS ENGINEERING WORKS LIMITED has informed the Exchange about Giving guarantees/indemnity/ becoming a surety for third party
LLOYDSENGG · price
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Lloyds Engineering Works Limited has increased the corporate guarantee it had given to HDFC Bank on behalf of its wholly owned subsidiary, Techno Industries Private Limited. The guarantee has been raised from ₹59 crore to ₹109 crore, an increase of ₹50 crore. The guarantee covers credit facilities availed by the subsidiary from HDFC Bank. The Executive Committee of the Board approved this enhancement on March 12, 2026, following an earlier Board approval from December 26, 2025.
This is an enhancement of an existing guarantee for a wholly owned subsidiary, so the company has not incurred any new third-party exposure. The company states the impact on the listed entity is nil, though it does increase the contingent liability of Lloyds Engineering by ₹50 crore if the subsidiary defaults on its loans.