EQUITY
Lloyds Engineering Works informs about outcome of board meeting
Mar-28-2024
Lloyds Engineering Works has informed that the Board of Directors of the Company at their meeting held on today i.e., 28th March, 2024 have considered, passed, approved and noted the following: Lloyds Infrastructure and Construction, Unlisted Associate of the Company at its Meeting held on today decided to transfer 12.25% of its shares held by the Company to Lloyds Enterprises and 0.50% of its Shares to Mahaprabhu Ventures. In view of the above, the Company discussed with the Board of Directors of the Company and passed the resolution which was approved by the Board unanimously for such transfer of shares. The Board discussed in detail and also noted that pursuant to such Transfer, the Company shall hold only 12.25% of the shares of Lloyds Infrastructure and Construction Limited and it will no longer be the Unlisted Associate of the Company with immediate effect. The details of pre and post transfer of Shares is enclosed.

The above information is a part of company’s filings submitted to BSE.

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