Lloyds Engineering Works Limited has approved an amendment to the Share Purchase Agreement to acquire the remaining 12% stake in Techno Industries Private Limited (TIPL) for a consideration of ₹22.70 Crore. This acquisition, originally initiated on July 30, 2024, will result in TIPL becoming a wholly-owned subsidiary of Lloyds Engineering Works Limited. The acquisition is strategic, aiming to expand Lloyds Engineering Works Limited's product offerings to include electrical engineering products such as pumps, motors, and elevators. TIPL, incorporated on May 1, 2000, is engaged in the manufacturing and marketing of these products. Its authorized share capital is ₹15 Crore, with a total issued and paid-up capital of ₹12.49 Crore. For FY 2024-25, TIPL reported a turnover of ₹15,504.40 Lakhs. The company expects to complete this acquisition within a period of one month from the board meeting held on December 26, 2025.