Lloyds Engineering Works' committee approved the allotment of 7.00 Cr equity shares, valued at 499.05 Cr, to acquire Steel Infra Solutions Company Limited (SISCOL) via a share swap.

The company also allotted 7 lakh equity shares to a non-promoter for 4.99 Cr cash.

This strategic move completes the SISCOL acquisition and injects capital, thereby increasing the company's paid-up equity capital.

This marks a significant development for its business and stakeholders.