LLOYDS ENGINEERING WORKS LIMITED has informed the Exchange that Board of Directors at its meeting held on Jun 05, 2025, has considered and approved the allotment of 30,85,17,476 partly paid up equity shares on rights basis in the ratio of 9 : 34, i.e. 9 Rights Equity Shares for every 34 Equity Shares held, at the Issue Price of Rs. 32 per share.
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Lloyds Engineering Works has allotted 30.85 crore partly paid-up equity shares through a rights issue in the ratio of 9 rights shares for every 34 shares held, at an issue price of Rs. 32 per share (face value Re. 1, premium Rs. 31). Shareholders have paid Rs. 16 per share on application, with the balance to be called in up to two tranches to be completed by March 31, 2026. This allotment is part of the larger rights issue of up to Rs. 1,050 crores approved by the Board on July 30, 2024. Post-allotment, the company has 116.55 crore fully paid-up equity shares plus 30.85 crore partly paid-up shares (Rs. 0.50 paid-up).
Eligible shareholders who did not subscribe will see their stake diluted. The partly paid structure means existing holders who subscribed will need to arrange additional funds for future calls, while non-subscribers will face share price pressure due to the expanded share base.