Lloyds Engineering Works on Friday, December 26, approved a corporate guarantee of Rs 59 crore in favour of HDFC Bank for Techno Industries Private Limited, a subsidiary of the company.
In a regulatory filing submitted to the stock exchanges, the company said the decision was taken by its Board of Directors at a meeting held on December 26, 2025. The corporate guarantee has been issued to support credit facilities availed by Techno Industries Private Limited.
The disclosure was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with applicable provisions of the SEBI Master Circular dated November 11, 2024. The company stated that detailed information regarding the transaction has been provided in the annexure attached to the filing.
According to the filing, no promoter or promoter group entity has any interest in the transaction. The company further clarified that the corporate guarantee does not have any impact on Lloyds Engineering Works itself.
Techno Industries Private Limited is a subsidiary of Lloyds Engineering Works, and the guarantee has been extended solely to facilitate the subsidiary’s banking arrangements with HDFC Bank.
The filing was signed by Rahima Shaikh, Company Secretary and Compliance Officer of Lloyds Engineering Works, and submitted to both BSE Limited and the National Stock Exchange of India Limited on Friday.
