Monitoring Agency Report for the quarter ended March 31, 2026
LLOYDSENGG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lloyds Engineering Works has raised Rs. 857.22 crore out of its Rs. 987.25 crore rights issue (as of March 31, 2026), with Rs. 363.60 crore collected during Q4 FY26. Brickwork Ratings has issued its first monitoring agency report for this rights issue. Key fund utilization shows working capital (Rs. 336.53 crore) and Techno Industries investment (Rs. 25 crore) fully deployed, while Bhilai Engineering acquisition (Rs. 3.75 crore of Rs. 134 crore) and General Corporate Purposes (Rs. 83.85 crore of Rs. 344.31 crore) remain largely unutilized. The company received shareholder approval on March 27, 2026 to extend the utilization timeline beyond March 2026. Notably, Rs. 67.68 crore was paid to related party Metalfab Hitech Private Limited for working capital, and working capital transactions across multiple accounts could not be 100% verified due to high volume.
Funds are being deployed as planned with no major deviations reported. The extension of utilization timeline suggests slower-than-expected progress on certain acquisitions. No immediate material impact on shareholders expected, but investors should monitor Bhilai acquisition progress and full utilization timeline.