Intimation under Regulation 30 regarding No Objection Certificate from National Stock Exchange of India Limited and BSE Limited to Lloyds Engineering Works Limited for proposed scheme of Merger.
LLOYDSENT · price
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Lloyds Engineering Works Limited (LEWL), a material subsidiary of Lloyds Enterprises Limited, has received No Objection Certificates from both NSE (May 18, 2026) and BSE (May 19, 2026) for a proposed merger scheme. The scheme involves the merger by absorption of three transferor companies—Lloyds Infrastructure & Construction Limited, Metalfab Hightech Private Limited, and Techno Industries Private Limited—into LEWL. SEBI has provided extensive comments requiring detailed disclosures to shareholders including valuation reports, financials for 3 years, shareholding patterns pre and post-merger, and details of any pending proceedings. The observation letters are valid for 6 months, within which the company must file the scheme with NCLT.
The NOC from both exchanges is a key regulatory milestone that moves the merger closer to completion. Shareholders should note that extensive disclosures are required before the NCLT hearing, and the company must comply with all SEBI conditions including detailed shareholder communications.