Lloyds Engineering Works Limited shares jumped more than 2% in today’s trade after the company announced a strategic agreement with CEMI Process Optimization Brazil and CEMI Process Optimization LLC. As of 9:34 AM, the shares were trading 1.75% higher at Rs 65.60.
Under this partnership, Lloyds Engineering will represent CEMI in the Indian market, promoting and selling its full range of products and services, including advanced software solutions and specialized equipment for process optimization.
According to the company’s filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the agreement has been signed for an initial term of five years, with provisions for extension by mutual consent. Either party may terminate the agreement with 60 days’ notice or immediately in case of breach or insolvency.
The partnership does not involve any shareholding, related party transactions, or nominee rights on the company’s board. Lloyds Engineering clarified that the agreement is strictly focused on sales and market representation in India, aligning with its growth strategy in the industrial solutions segment.
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