| Name of acquirer* | Lloyds Engineering Works Limited |
| Relationship of acquirer with the listed entity* | Subsidiary |
| Details of other relation with acquirer | |
| Name of the target entity | STEEL INFRA SOLUTIONS COMPANY LIMITED |
| Latest financial parameter of target entity |
| Turnover (Rs. in Crore)* | 816.87 |
| PAT (Rs. in Crore)* | 43.42 |
| Networth (Rs. in Crore)* | 257.24 |
| Other | |
| Whether the acquisition would fall within Related Party Transaction(s)?* | Yes |
| Date of board meeting in which RPT approval taken | 02-11-2026 |
| Date of audit committee meeting in which RPT approval taken | |
| Whether the said RPT is material?* | No |
| Date of approval from shareholders | |
| Whether the promoter/ promoter group/ group companies (including associate/ holding/ subsidiary)/ Director/ KMP/ SMP and its relatives have any interest in the entity being acquired?* | Yes |
| Nature of interest and details thereof | Mr. Shreekrishna Gupta, Mr. Mukesh Gupta and Mr. Devidas Kambale Director in the Company |
| Whether the same is done at "arm's length"?* | Yes |
| Whether special resolution is passed/proposed? | |
| Date of Special Resolution | |
| Industry to which the entity being acquired belongs* | SISCOL is engaged in the business of heavy steel fabrication and infrastructure solutions, serving customers across the energy, infrastructure and industrial segments. |
| Objects and impact of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity)* | Expansion of Business activities, this Capital Infusion will be of great support to manage the liquidity position and for smooth operations. |
| Whether any governmental or regulatory approvals required for the acquisition?* | NA |
| Provide brief details of any governmental or regulatory approvals | |
| Whether the transaction will be in tranches* | Yes |
| Indicative time period for completion of the acquisition* | 18 Months |
| Nature of consideration- whether cash consideration or share swap or any other form and details of the same* | Cash |
| Share exchange ratio | |
| Amount of cash consideration(Rs. in Crore) | 100.00 |
| Details of consideration | Up to 3,33,33,334 equity shares at an issue price of Rs. 30/- per share, aggregating to Rs. 100,00,00,020/-. |
| Cost of acquisition or the price at which the shares are acquired (Total value) (Rs. in Crore)* | 100.00 |
| Existing percentage of shareholding held by acquirer* | 51.70% |
| Percentage of Control acquired | |
| Percentage of shares acquired (additional, if existing holding persists) | |
| Brief background about the entity acquired in terms of products/line of business acquired* | SISCOL is a subsidiary of Lloyds Engineering Works Limited and is engaged in heavy steel fabrication and infrastructure solutions, providing end-to-end services across design, engineering, fabrication, installation and project management for infrastructure projects. The Company operates six production facilities, including its newly operational Hyderabad facility, with an aggregate production capacity of 100,000 MT per annum. It has contributed to landmark projects such as Terminal 1 at Delhi Airport, ITPL Bangalore and Noida International Airport.
The Company's turnover for the last three financial years is as follows:
• FY 2025-26: Rs. 816.87 Crores
• FY 2024-25: Rs. 636.10 Crores
• FY 2023-24: Rs. 573.49 Crores
Country of presence: India.
Any other significant information: Nil. |
| Date of incorporation | |
| History of last 3 years turnover | Year Description
(YYYY-YYYY) | Amount of turnover
(Rs. in Crore) | | 1st Previous year turnover | 2025-2026 | 816.87 | | 2nd Previous year turnover | 2024-2025 | 636.10 | | 3rd Previous year turnover | 2023-2024 | 573.49 |
|
| Country in which the acquired entity has presence* | India |
| Any other significant information (in brief) | |