Mumbai, April 23 -- The rights issue comprises 30.85 crore equity shares priced at Rs 32 each, with Rs 16 payable on application and the remaining amount to be paid in one or more calls on or before 31 March 2026. The issue will increase Lloyds Engineering Works (LEWL)'s paid-up share capital by 20.93% post-issue, and reflects the company's commitment to scaling its engineering operations and deepening its market presence.

The record date for eligibility to receive rights entitlements has been set for 28 April 2025. Eligible shareholders will be entitled to 9 rights equity shares for every 34 fully paid-up shares held as on the record date. The rights issue will open on 15 May 2025, and close on 30 May 2025.

Proceeds from the issue will...