Lloyds Engineering Works Limited has announced that it has entered into an agreement with Virtualabs S.r.l., an Italy-based technology firm, as of December 4, 2025. The disclosure was made in compliance with Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements (LODR), confirming the company’s latest strategic move in the advanced technology space.
The agreement focuses on the development of radar technology for both defence and civil applications. This collaboration is expected to support Lloyds Engineering Works in expanding its technological capabilities as demand for modern surveillance and monitoring systems continues to grow across sectors.
The company clarified that it does not hold any shareholding in Virtualabs S.r.l. and that the agreement does not impact the management or control structure of Lloyds Engineering Works. There are no related-party elements involved, and the arrangement does not create any restrictions or liabilities for the listed entity. No issuance of shares or board nominations have been made as part of this collaboration.
While detailed commercial contours have not been disclosed, the partnership marks a meaningful step for Lloyds Engineering Works as it aims to strengthen its presence in high-technology domains.
