LLOYDSENT

acquisition of remaining 12% in TIPL

Lloyds Enterprises Limited informed BSE and NSE about the acquisition of the remaining 12% equity stake in Techno Industries Private Limited (TIPL) by its material subsidiary, Lloyds Engineering Works Limited (LEWL). This acquisition, completed through an amended Share Purchase Agreement, involves 14,99,999 equity shares of TIPL for a total cash consideration of Rs. 22.70 crore. As a result, LEWL now holds 100% of TIPL's equity share capital, making TIPL a wholly-owned subsidiary of LEWL and a step-down subsidiary of Lloyds Enterprises Limited. The acquisition is strategic, enabling LEWL to expand its product offerings to include pumps, motors, and elevators.