LLOYDS ENGINEERING WORKS LIMITED hereby gives the intimation for 'Monitoring Agency Report' for the Rights Issue of shares
LLOYDSENGG · price
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Awaiting price reaction for this filing.
Lloyds Engineering Works Limited has submitted the Monitoring Agency Report for its Rights Issue, reviewed by India Ratings & Research. The Rights Issue of 30.85 crore equity shares at ₹32 per share (face value ₹1) was open from 15th to 30th May 2025 and allotted on 5th June 2025, with a total size of about ₹987 crore. As of 30th June 2025, the company had received roughly ₹494 crore on application (₹16 per share called so far), with the balance yet to be called. The Monitoring Agency confirmed no deviation from the stated objects, which include acquiring engineering assets of Bhilai Engineering Corporation, funding working capital, investing in subsidiary Techno Industries, capex on existing workshops, and general corporate purposes. Unutilized funds of about ₹388 crore are parked in fixed deposits with ICICI Bank at 4–5.75% interest.
This is a routine regulatory disclosure confirming the company is using Rights Issue proceeds as planned, with no deviations or delays flagged. Short-term, it is neutral for the stock; investors should track whether further call money is raised and how the Bhilai Engineering acquisition progresses.