Lloyds Engineering Works Limited announced an amendment to its Share Purchase Agreement (SPA) with Techno Industries Private Limited (TIPL). The Board of Directors, in a meeting held on December 26, 2025, approved the acquisition of the remaining 12% stake in TIPL, comprising 14,99,999 equity shares, for a consideration of ₹22.70 Crore. This acquisition, building upon the original SPA dated July 30, 2024, will result in Lloyds Engineering Works Limited holding a 100% stake in TIPL, thereby making TIPL a wholly-owned subsidiary. The acquisition is strategic, aimed at expanding Lloyds Engineering Works Limited's product offerings to include electrical engineering products such as pumps, motors, and elevators. Techno Industries Private Limited, incorporated on May 1, 2000, is based in Ahmedabad, Gujarat. It is engaged in the manufacturing and marketing of pumps, motors, and elevators. For the financial year 2024-25, TIPL reported a turnover of ₹15,504.40 Lakhs.