Lloyds Engineering Works (LEWL) is absorbing Lloyds Infrastructure & Construction (LICL), Metalfab Hightech (MHPL), and Techno Industries (TIPL) in a merger to create a stronger entity.

LEWL has secured crucial 'No Objection' clearances from both NSE and BSE for the proposed scheme, marking a key step forward.

The merger still requires approvals from shareholders, creditors, and the National Company Law Tribunal (NCLT). The company needs to file the scheme with NCLT within six months.