ASI Industries Acquires Equity Shares of Lloyds Engineering Works for Investment
ASI Industries Limited has acquired equity shares of Lloyds Engineering Works Ltd, with the purchase intended purely for investment purposes and without any intent to gain control over the target entity's management.The acquisition was completed on July 17, 2026. The transaction involved a cash consideration, amounting to Rs. 5.27 Crores. ASI Industries Limited acquired 6,05,291 shares, representing 0.041% of the target company’s total shareholding.
The acquisition is classified as an arm's length transaction and does not fall under a Related Party Transaction for the acquiring entity. The primary purpose of the purchase by ASI Industries Limited is to reap long-term or short-term investment benefits, with no intention to acquire direct or indirect control of Lloyds Engineering Works Ltd.
Target Company Profile
Lloyds Engineering Works Ltd operates in the specialized field of designing and manufacturing heavy equipment and machinery. Its expertise caters to stringent requirements across various industries, including the Hydrocarbon sector, Oil & Gas, Steel Plants, Power Plants, Nuclear Plant Boilers, and Turnkey Projects.The company has been operating since September 19, 1994. Financial performance metrics for Lloyds Engineering Works Ltd as at March 31, 2026, are detailed below:
| Metric | Value (as of 31/03/2026) |
|---|---|
| Standalone Turnover | 1052.22 Crore |
| Profit After Tax (PAT) | 118.27 Crore |
| Net Worth | 1595.31 Crore |
Historical Performance
The historical turnover of Lloyds Engineering Works Ltd over the last three financial years stands as follows:| Financial Year | Turnover |
|---|---|
| 2025-2026 | Rs. 1052.22 Crore |
| 2024-2025 | Rs. 755.78 Crore |
| 2023-2024 | Rs. 624.24 Crore |
Transaction Details
The complete acquisition is finalized and the shares were purchased through the stock exchange. The transaction was carried out entirely in cash consideration. There are no governmental or regulatory approvals required for this acquisition.Stock Price Movement
At 13:25, ASI Industries Ltd. is edging higher in the market, trading at ₹23.38 and showing a gain of 0.86%. The shares have moved throughout the session, finding support at an intraday low of ₹22.55 while peaking at ₹23.49.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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