Lloyds Engineering Works Limited (NSE: LLOYDSENGG | BSE: 539992)

Lloyds Engineering Works Limited (NSE: LLOYDSENGG | BSE: 539992) has called a statutory meeting of its unsecured creditors on Friday, 16 October 2026 at 2:45 p.m. (IST) to consider and approve a Scheme of Merger by Absorption; remote e‑voting runs from 12 Oct 2026 09:00 a.m. to 15 Oct 2026 05:00 p.m. (IST).

The merger will absorb three applicants: Lloyds Infrastructure & Construction Limited (LICL), Metalfab Hightech Private Limited (MHPL) and Techno Industries Private Limited (TIPL), with share‑exchange ratios of 1,798 LEWL shares for every 1,500 LICL shares, and 94 LEWL shares for every 5 MHPL shares (TIPL is already wholly owned).

Management cites strategic gains: access to > ₹4,500 crore of LICL’s order book, a larger net‑worth and balance sheet, reduced G&A and compliance costs, and streamlined governance—creating a bigger, diversified engineering and infrastructure entity.

If creditors approve the scheme (vote during the e‑voting window or live VC session), it still requires final sanction by the NCLT and other regulatory clearances; investors should watch the outcome of the 16 Oct 2026 meeting and any subsequent NCLT order.