Lloyds Engineering Works Ltd saw its shares rise more than 3% after the company announced that it has entered into an agreement with Virtualabs S.r.l., an Italy-based technology firm. The disclosure, made on December 4, 2025, was filed under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements (LODR).
The newly signed agreement is aimed at developing radar technology for defence as well as civil applications. According to the company, this collaboration aligns with its efforts to strengthen capabilities in advanced surveillance and monitoring systems, a segment witnessing growing demand across multiple sectors.
Lloyds Engineering Works also clarified key aspects of the arrangement. The company does not hold any shareholding in Virtualabs S.r.l., and the agreement does not alter the management or control structure of the listed entity. The partnership does not involve related-party transactions, nor does it impose restrictions, liabilities, issuance of shares, or board nominations for either party.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
