Lloyds Engineering Completes Allotment of ₹987 Cr In Rights Issue; Balance Payment Due by FY26
By Ankur Chandra | Published at: Jun 6, 2025 09:12 AM IST
MUMBAI | June 6, 2025: Lloyds Engineering Works Limited (BSE: 539992, NSE: LLOYDSENGG), formerly known as Lloyds Steels Industries Limited, has announced that it has completed the allotment of ₹1,050 crore rights issue. During the rights issue, the company issued over 30.85 crore partly paid-up equity shares. However, the rights issue process remains ongoing, with the balance payment expected to be made in subsequent calls by March 2026.
At its meeting held on June 5, 2025, the company’s Board of Directors approved the allotment of 30,85,17,476 partly paid-up equity shares of face value ₹1 each. These shares were issued at ₹32 per share, including a premium of ₹31. Upon application, ₹16 per share has been received, comprising a face value of ₹ 0.50 and a premium of ₹ 15.50.
The balance of ₹16 per share will be collected in not more than two calls and will be determined by the Board or the Securities Issue Committee. This will be completed on or before March 31, 2026.
Lloyds Engineering’s Current Capital Structure Post Allotment
| Share Type | No. of Shares | Paid-up Capital (₹) |
|---|---|---|
| Fully paid-up equity shares (₹1) | 116,55,10,466 | ₹116.55 crore |
| Partly paid-up equity shares (₹0.50) | 30,85,17,476 | ₹15.43 crore |
| Total Paid-up Capital | — | ₹131.98 crore |
The Rights Issue is Ongoing
Although Lloyds has allocated the shares, the rights issue is still ongoing. It will be considered fully complete only after receipt of the remaining ₹16 per share, which will be collected via future calls. This aligns with regulatory provisions and the company’s earlier announcement from April 2025.
About Lloyds Engineering Works Ltd
Based in Mumbai with manufacturing units in Thane, Lloyds Engineering is engaged in heavy engineering, EPC contracts, and custom fabrication. The company caters to core sectors such as infrastructure, power, and steel.
What’s Ahead
Lloyds Engineering has successfully completed the allotment stage of its rights issue, raising ₹987.25 crore to date. The final leg of the collection of balance payments will mark the full closure of the ₹1,050 crore capital-raising exercise, which is targeted for completion by the end of FY26.
Lloyds Engineering is now well-capitalised with fresh equity inflow of ₹987 crore already received, which will strengthen its balance sheet and support business expansion. However, investor focus will remain on the timely utilisation of funds, project wins, and margin improvement in the future.
REF: https://nsearchives.nseindia.com/corporate/LSIL_05062025201419_Outcomefinalsigned.pdf
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