Lloyds Engineering Works Limited has approved an amendment to its share purchase agreement to acquire the remaining 12 percent equity stake in Techno Industries Private Limited, resulting in full ownership of the subsidiary. The decision was approved by the company’s board at a meeting held on 26 December 2025, completing the transition of Techno Industries into a wholly owned subsidiary.
The acquisition involves the purchase of 1,499,999 equity shares of Techno Industries at a face value of INR 10 each, for a total cash consideration of INR 227 million. The transaction amends the original share purchase agreement executed on 30 July 2024. According to the company’s filing with the stock exchanges, the acquisition is expected to be completed within a period of up to one month.
Following the completion of the transaction, Lloyds Engineering Works will hold 100 percent of the equity share capital of Techno Industries. The company said the acquisition does not require any governmental or regulatory approvals. The transaction is being executed entirely through cash consideration and does not involve a share swap or any other form of payment.
Techno Industries Private Limited operates in the manufacturing and marketing of pumps, motors, and elevators. The acquisition is described as strategic in nature and is intended to support Lloyds Engineering Works’ plans to expand its product portfolio in the electrical engineering segment, with a specific focus on these product categories. The filing states that the business of Techno Industries aligns with the broader expansion objectives of the parent company.
Techno Industries was incorporated on 1 May 2000 and has its registered office in Ahmedabad, Gujarat. The company has an authorised share capital of INR 150 million, comprising 15 million equity shares. Its issued, paid-up, and subscribed share capital stands at approximately INR 125 million, represented by 12,499,999 fully paid-up equity shares.
For the financial year 2024–25, Techno Industries reported a turnover of INR 1,550.44 million. Lloyds Engineering Works stated that the consolidation of full ownership is expected to simplify the corporate structure and enable closer operational and strategic integration between the parent company and the subsidiary.
Lloyds Engineering Works Limited is engaged in engineering and manufacturing activities, with operations spanning multiple industrial segments. The company was formerly known as Lloyds Steels Industries Limited and is listed on both the BSE and the National Stock Exchange of India.