On 23 May 2025, Lloyds Enterprises Limited, the promoter and holding company of Lloyds Engineering Works Limited, executed a major stake sale through a block deal. This transaction involved the sale of 2.68 crore equity shares, amounting to Rs 129.98 crore, to Thriveni Earthmovers Private Limited, the investment arm of Mr Balasubramanian Prabhakaran.

The disclosure was made in accordance with Regulation 95 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, commonly known as SEBI ICDR Regulations.

The shares were sold at a price of Rs 48.50 per share, which aggregates to a total consideration of Rs 1,29,98,00,000. This equity transaction represents 2.30 percent of the total share capital of Lloyds Engineering Works Limited.

The buyer, Thriveni Earthmovers Private Limited, is a prominent private limited company known for its operations in the infrastructure and mining sector. The company is also identified as the investment vehicle of Mr Balasubramanian Prabhakaran, a reputed name in the heavy earthmoving and mining services sector.

Lloyds Enterprises Limited, being the promoter and holding company, continues to hold a significant stake in the company despite this partial stake dilution. The intent behind the sale was not publicly disclosed, but such transactions are typically strategic in nature and may relate to capital restructuring, portfolio rebalancing, or new strategic partnerships.

Key details of the transaction are as follows:

• Date of Transaction: 23 May 2025

• Seller: Lloyds Enterprises Limited (Promoter)

• Buyer: Thriveni Earthmovers Private Limited

• Shares Sold: 2,68,00,000 equity shares

• Price Per Share: Rs 48.50

• Total Consideration: Rs 129.98 crore

• Equity Dilution: 2.30 percent of total paid-up share capital

• Mode: Block deal transaction on stock exchange

• Disclosure Regulation: Regulation 95 of SEBI ICDR Regulations

The company clarified that this was not a public issue, rights issue, or bonus issue, but a block trade executed directly on the exchange between the promoter and a strategic investor.

This transaction signifies a potential strategic alignment or investment interest from Thriveni Earthmovers, which may also be looking to diversify or enter synergistic areas aligned with Lloyds Engineering Works Limited.

Lloyds Engineering Works Limited (formerly known as Lloyds Steels Industries Limited) is engaged in design, engineering, manufacturing, and supply of capital equipment and machinery for various sectors including power, steel, and infrastructure. With a growing demand for engineering solutions and capital equipment in India and abroad, Lloyds is seen as a resurgent player in the heavy engineering sector.

The company operates through its registered office and works in Murbad, Thane, and has a corporate office in Lower Parel, Mumbai. It has been steadily expanding its project footprint and manufacturing capabilities.

This stake transfer, particularly to a reputed player like Thriveni Earthmovers, could also be seen as a signal of confidence in the future prospects of Lloyds Engineering, especially given the uptick in infrastructure spending, mining activity, and capital goods demand in India.

Rahima Shaikh, Company Secretary and Compliance Officer, signed off the communication, confirming that the necessary filings were made with the BSE Limited and National Stock Exchange of India Limited, where the company is listed under Scrip Code: 539992 and Symbol: LLOYDSENGG, respectively.

This transaction does not involve a change in control, and no open offer obligation arises as the transaction has occurred within permitted regulatory limits under SEBI norms.

The deal is expected to be seen positively by market participants, as it brings in a financially strong and reputed investor into the shareholder base of the company while also possibly unlocking value for the promoter.

This development is also important from a regulatory transparency perspective, as Lloyds has complied fully with SEBI’s disclosure obligations, thus maintaining investor trust and market integrity.

In conclusion, the Rs 130 crore block deal between Lloyds Enterprises and Thriveni Earthmovers marks a noteworthy event in the shareholding structure of Lloyds Engineering and could pave the way for future strategic moves or collaborations.

The Upcoming IPOs in this week and coming weeks are Scoda Tubes,Neptune Petrochemicals, Aegis Vopak Terminals, Schloss Bangalore, Astonea Labs, Nikita Papers, Prostarm Info Systems, Victory Electric Vehicles International, Blue Water Logistics, Wagons Learning.

The Current active IPO are Unified Data - Tech Solutions.

The Closed IPOs are Borana Weaves, Dar Credit and Capital, Belrise Industries.