Lloyds Engineering Works Receives Stock Exchange 'No Objection' for Merger Scheme

Lloyds Engineering Works Limited has secured 'No Objection Certificates' from both NSE and BSE (dated May 18-19, 2026) for its proposed merger by absorption of three entities: Lloyds Infrastructure & Construction Limited Metalfab Hightech Private Limited Techno Industries Private Limited Key Milestones: Board Approval: Initial scheme approved on December 29, 2025. Next Step: Formal filing with the National Company Law Tribunal (NCLT) within six months of exchange observations. Pending Approvals: Shareholders, creditors, and final NCLT sanction. Strategic Rationale: The merger aims to consolidate operations, eliminate inter-company complexities, and create a unified platform for engineering, infrastructure, and high-tech manufacturing. Streamlining under one entity is expected to improve operational efficiency, financial transparency, and investor clarity. Outlook: With exchange clearances in place, the transaction moves into the judicial approval phase. Successful NCLT sanction would mark a key step in Lloyds' restructuring roadmap, potentially enhancing scale and competitiveness in core engineering segments. $LLOYDSENGG