NCLT meeting called to approve merger of 3 entities into Lloyds Engineering

Scheme filed with the NCLTStrategic Transactions View source PDF Explain this filing

LLOYDSENGG · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-4.2%Reaction day

₹83.49

prior close

₹83.09

announcement price

After-mkt

timing

Nifty Microcap 250market-3.3%-0.9% vs market

Industrial Products peers, median of 134sector-2.4%-1.8% vs sector

On the reaction day the stock moved 0.9 pts less than Nifty Microcap 250 and 1.8 pts less than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.3

10m

-1.7

15m

-1.7

30m

-1.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.2-3.3-0.9-2.4-1.8

Next day

-4.2-3.4-0.8-2.5-1.6

-3.9-2.6-1.3-1.9-2.0

-1.2-1.0-0.2-1.4+0.2

+2.2-1.2+3.3-1.2+3.4

+2.6-0.7+3.3-1.3+3.9

+8.8-1.0+9.7-0.6+9.4

15d

+21.3-1.7+23.0-1.6+22.8

+9.7-4.1+13.8-2.1+11.8

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UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 134Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Lloyds Engineering Works (LEWL) has called an NCLT-ordered equity shareholders meeting on October 16, 2026 to approve a merger by absorption. Lloyds Infrastructure and Construction (LICL), Metalfab Hightech (MHPL), and wholly-owned Techno Industries (TIPL) will merge into LEWL. Share swap ratios: 1798 LEWL shares for every 1500 LICL shares; 94 LEWL shares for every 5 MHPL shares; no consideration for TIPL. LICL brings an order book of over Rs 4,500 crore. Appointed date: April 1, 2025. NCLT order dated August 19, 2026.

Likely market impact

If approved, LEWL will gain scale, a Rs 4,500 crore-plus order book, and cost synergies. Approval needs three-fourths majority by value plus majority of public shareholders.