Lloyds Engineering Works Board Revises ₹326.73 Crore Rights Issue Objects

The board approved, subject to shareholder and regulatory approval, variation of ₹326.73 crore in unutilised rights-issue proceeds as of June 30, 2026. Only ₹3.75 crore of the ₹134 crore Bhilai Engineering Corporation asset allocation was spent; revised deployment includes ₹71.25 crore there, ₹86.59 crore for working capital and ₹168.89 crore for acquisitions/general purposes. Context: continued delay in the BECL asset programme.