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Key Highlights of Lloyds Engineering Works Limited

1. Company Overview:

   • Name: Lloyds Engineering Works Limited (formerly Lloyds Steels Industries Limited)
   • CIN: L28900MH1994PLC081235
   • Website: www.lloydsengg.in

2. Locations:

   • Registered Office: Plot No. A-5/5, MIDC Industrial Area, Murbad, District Thane – 421 401
   • Corporate Office: A-2, 2nd Floor, Madhu Estate, Pandurang Budhkar Marg, Lower Parel (W), Mumbai – 400 013
   • Works: Multiple plots in MIDC Industrial Area, Murbad, District Thane – 421 401

3. Annual General Meeting (AGM):

   • 30th AGM Date: Friday, 26th July 2024, at 11:00 a.m. IST
   • Mode: Video Conference/Other Audio-Visual Means

4. Regulatory Compliance:

   • Scrip Code: 539992
   • Symbol: LLOYDSENGG
   • Regulations: Complies with SEBI Listing Obligations & Disclosure Requirements Regulations 2015

5. Annual Report:

   • Financial Year: 2023-24
   • Contents: Includes Business Responsibility and Sustainability Report (BRSR)
   • Availability: Accessible electronically on the company’s website Annual Reports

6. Communication:

   • Email: [email protected]
   • Phone: +91 2524 222271, +91 95456 54196 (Registered Office), +91 22 6291 8111 (Corporate Office)

Summary for Potential Investors:

Lloyds Engineering Works Limited, with a strong presence in the engineering sector, is holding its 30th AGM on 26th July 2024. The company has a robust compliance framework and provides detailed annual reports, including sustainability metrics. The company’s operations are well-established in the MIDC Industrial Area, Murbad, Thane. Investors can access comprehensive financial and operational details through their annual reports available online.Lloyds Engineering Works Limited, formerly known as Lloyds Steels Industries Limited, has positioned itself as one of the fastest-growing companies in its sector in India. The key highlights include:

1. Rebranding and Growth: The company has undergone a rebranding, indicating a strategic shift and growth.
2. Specialization: It focuses on providing customized engineering solutions, which suggests a tailored approach to meet specific client needs.
3. Market Position: It is recognized as a rapidly growing entity in its industry space within India.

These points suggest a dynamic and client-focused company with a strong growth trajectory, making it a potentially attractive investment opportunity.### Key Highlights for Investment Consideration

1. Strong Financial Growth:

   • Annual Revenue: ₹62,423.61 Lakhs, showcasing a significant Year-over-Year (YoY) growth of 99.69%.
   • Profit After Tax (PAT): ₹7,983.83 Lakhs, with an impressive YoY growth of 116.82%.
   • EBITDA: ₹10,843.69 Lakhs, reflecting a robust YoY growth of 86.82%.

2. Healthy Order Book:

   • The company has a substantial order book valued at ₹90,431.95 Lakhs, indicating strong future revenue potential.

3. Comprehensive Performance Overview:

   • Detailed financial performance and growth scorecards are provided, highlighting consistent growth over the last three years.
   • Insights from the Chairman and Chief Financial Officer offer a strategic perspective on the company's direction and financial health.

4. Sustainability and Responsibility:

   • The company emphasizes business responsibility and sustainability, as detailed in their dedicated reports.

5. Governance and Compliance:

   • The company maintains transparency and adherence to corporate governance standards, as evidenced by the Directors’ Report and Corporate Governance Report.

6. Audited Financials:

   • Independent Auditors’ Report and Standalone Financial Statements ensure the reliability and accuracy of the financial data presented.

Conclusion

The company demonstrates strong financial health, significant growth, and a robust order book, making it a potentially attractive investment opportunity. The emphasis on sustainability and governance further enhances its investment appeal.Key Highlights of Lloyds Engineering Works Limited:

1. Company Overview:

   • Formerly known as Lloyds Steels Industries Limited.
   • CIN: L28900MH1994PLC081235.

2. Leadership:

   • Chairman & Whole Time Director: Mr. Mukesh Rajnarayan Gupta.
   • Notable Board Members: Mrs. Bela Sundar Rajan (Independent & Woman Director), Mr. Lakshman Ananthsubramanian (Independent Director), and Mr. Ashok Tandon (Non-Executive Director).

3. Key Management:

   • Chief Financial Officer: Mr. Kalpesh Prakash Agrawal.
   • Company Secretary & Compliance Officer: Ms. Rahima Shabbir Shaikh (from 11th August, 2023).
   • Business Head: Mr. Shreekrishna Mukesh Gupta (Whole Time Director from 6th March, 2024).

4. Operational Heads:

   • Chief Operating Officer (Engineering Division): Mr. Sudhir Diwedi.
   • Chief Operating Officer (Civil & Construction): Mr. Sameer Tawade.
   • Vice President (Marketing & Contracts): Mr. Saiprasad Ganggishetti.

5. Auditors:

   • Statutory Auditors: M/s. S Y Lodha and Associates.
   • Cost Auditors: M/s. Manisha & Associates.
   • Secretarial Auditors: Mitesh J. Shah & Associates.
   • Internal Auditors: Arun Todarwal & Associates LLP.

6. Bankers:

   • HDFC Bank Limited, Bank of Maharashtra Limited, Kotak Mahindra Bank Limited, Union Bank of India Limited, Citizen Credit Co-operative Bank Limited.

7. Locations:

   • Registered Office: Thane, Maharashtra.
   • Corporate Office: Lower Parel, Mumbai, Maharashtra.
   • Works: Multiple plots in MIDC Industrial Area, Thane, Maharashtra.

8. Registrar & Share Transfer Agent:

   • Bigshare Services Private Limited, Andheri (East), Mumbai, Maharashtra.

9. Annual General Meeting:

   • 30th AGM scheduled for Friday, 26th July, 2024, at 11:00 AM via Video Conferencing/Other Audio-Visual Means.

This summary provides a snapshot of the company's leadership, key management, auditors, bankers, and operational locations, which are crucial for making an informed investment decision.Based on the provided text, there is insufficient information to analyze the key highlights of Lloyds Engineering Works Limited's 30th Annual Report for 2023-24. To provide a meaningful summary for investment consideration, I would need more details from the report, such as financial performance, revenue growth, profit margins, strategic initiatives, market position, and future outlook.

If you can provide more specific sections or data points from the report, I can help you create a concise summary for investment purposes.Key Highlights of the Company:

1. Management Change: The company underwent a change in management control a few years ago.
2. Strategic Decision: Faced with two choices—steady organic growth or rapid catch-up—the company chose the latter, aiming to make up for lost time.
3. Impact: This bold decision has significantly impacted the company's trajectory, suggesting a dynamic and aggressive growth strategy.

These points indicate a company that is proactive and willing to take risks to achieve rapid growth, which could be attractive for investors looking for high potential returns.Key Highlights of Lloyds Engineering Works Limited:

1. Vision: Focused on customer satisfaction by delivering equipment within acceptable time and price, with continuous improvements in the manufacturing process.
2. Experience: Celebrating its 30th annual report, indicating a long-standing presence in the industry.
3. Commitment: Emphasizes ongoing enhancements in manufacturing, suggesting a dedication to quality and efficiency.

These points suggest a stable and customer-oriented company with a commitment to continuous improvement, which could be attractive for investment.Key Highlights of Lloyds Engineering Works Limited:

1. Background and Operations:

   • Established in 1974, the company specializes in providing complete process plant equipment and engineering solutions.
   • It serves various sectors including Hydrocarbon, Oil & Gas, Steel Plants, Power Plants, Nuclear Plants, and Turnkey Projects.
   • Facilities are approved by authorities like Industrial Boiler Regulatory Authority, SGS UK, and Petroleum and Explosives Safety Organisation.

2. Listing and Market Capitalization:

   • Listed on BSE and NSE with a market capitalization of Rs. 5,614.41 crore as of 31st March 2024.

3. Manufacturing Facilities:

   • State-of-the-art facilities located in Murbad, Thane, spread across eight acres.
   • Proximity to Jawaharlal Nehru Port Trust (84 km) and National Highway (1 km).

4. Major Machineries:

   • Equipped with advanced machinery including CNC 4 axis tube bending machine, CNC deep hole tube sheet drilling machine, CNC profile cutting machines, and more.

5. Products and Services:

   • Engaged in the design and manufacturing of heavy equipment and systems for various sectors.
   • Executes projects for steel plants, marine loading/unloading arms, and supplies boilers with instrumentation and electrical equipment.

6. Clientele and Customization:

   • Robust portfolio of clients, known for innovation, customization, and precision in a cost and time-efficient manner.

7. Workforce:

   • Employs 235 employees as of 31st March 2024.

8. Shareholding Pattern:

   • Promoter and Promoter Group: 57.25%
   • Foreign Institutional Investors (FIIs): 1.39%
   • Domestic Institutional Investors (DIIs): 0.12%
   • Others: 41.24%

Summary for Investment Consideration: Lloyds Engineering Works Limited is a well-established company with a strong presence in multiple high-demand sectors. It boasts advanced manufacturing facilities, a robust client portfolio, and significant market capitalization. The company's strategic location and state-of-the-art machinery enhance its operational efficiency. The shareholding pattern indicates strong promoter confidence. These factors collectively make it a potentially attractive investment opportunity.Lloyds Engineering Works Limited has shown remarkable growth, becoming one of the fastest-growing engineering companies in India within just two years. This rapid expansion and strong market presence make it a potentially attractive investment opportunity.To provide a concise summary for potential investment consideration, I would need more detailed information from the financial statements, statutory reports, and corporate overview. However, based on the structure provided, here are some key areas to focus on:

1. Financial Performance: Look for key metrics such as revenue growth, profitability (net income), and cash flow. These will indicate the company's financial health and operational efficiency.

2. Statutory Compliance: Ensure the company complies with all legal and regulatory requirements. This reduces the risk of legal issues that could impact the investment.

3. Corporate Overview: Understand the company's business model, market position, and competitive advantages. This will help assess the company's potential for long-term growth.

If you can provide specific details from these sections, I can offer a more tailored summary.Key Highlights of Lloyds Engineering Works Limited:

1. Revenue Growth: The company has achieved an 11.46 times increase in revenues over the two years ending FY 24.
2. Profit After Tax Growth: There has been a 12.42 times growth in profit after tax in the same period.
3. EBIDTA Growth: The company has seen a 6.50 times increase in EBIDTA over the two years ending FY 24.

These significant growth metrics indicate strong financial performance and potential for future profitability, making it a potentially attractive investment opportunity.Key Highlights:

1. Experience Growth: The company has shown significant growth in experience bandwidth, increasing from 1,008 person-years in March 2021 to 2,328 person-years by March 2024. This represents a 130.95% growth over three years.

2. Strong Experience Base: As of March 2024, the company boasts 2,328 person-years of experience, indicating a robust and knowledgeable workforce.

These highlights suggest a rapidly growing and experienced company, which could be a positive indicator for potential investment.Key Highlights of Lloyds Engineering Works Limited:

1. Profit After Tax (PAT) Growth:

   • FY 22: Rs. 594.72 Lakhs
   • FY 24: Rs. 7,983.83 Lakhs

2. Turnover Increase:

   • FY 22: Rs. 5,984.73 Lakhs
   • FY 24: Rs. 63,167.61 Lakhs

3. Order Book Expansion:

   • End of FY 21: Rs. 21,601.59 Lakhs
   • End of FY 24: Rs. 90,431.95 Lakhs

4. Significant Achievement:

   • The PAT in FY 24 was higher than the turnover in FY 22, indicating substantial growth and profitability.

Conclusion: Lloyds Engineering Works Limited has shown impressive growth in profitability, turnover, and order book over the past few years, making it a potentially attractive investment opportunity.Key Highlights:

1. Multi-Product Range: The company plans to manufacture a diverse range of products.
2. Hi-Tech Focus: There is a strategic decision to move from simple to complex, high-tech products.
3. Engineering Expertise: The company specializes in the engineering sector.
4. Strategic Priority: The main goal is to become one of India's leading multi-product hi-tech engineering companies.
5. Turnaround Success: The company has experienced a significant positive turnaround.

These points suggest a strong focus on innovation, diversification, and engineering excellence, making it a potentially attractive investment opportunity.Lloyds Engineering Works Limited's 30th Annual Report for 2023-24 highlights a significant transformation in the company's identity and personality. Key points include:

1. Rebranding and New Identity: The company has undergone a rebranding process, which has helped in creating a new and stronger identity.
2. 30 Years of Operation: Celebrating its 30th year, indicating stability and long-term presence in the industry.
3. Strategic Changes: The transformation suggests strategic changes that could potentially lead to growth and new opportunities.

These highlights suggest a company that is evolving and potentially poised for future growth, making it a candidate for investment consideration.Key Highlights of the Company:

1. Customised Engineering Solutions: The company specializes in providing tailored engineering solutions to meet specific client needs.

2. Focus on Large and Differentiated Projects: They aim to undertake significant and unique projects that set them apart from competitors.

3. Challenging Projects: The company targets complex and demanding projects, showcasing their expertise and capability.

4. Expansion in Under-Penetrated Markets: They are looking to enhance their presence in markets that are not yet fully exploited, indicating growth potential.

5. Comprehensive Product and Engineering Solutions: The company offers complete solutions, from product development to engineering services.

6. Higher-than-Average Returns: They aim to generate returns that exceed the generic industry average, suggesting strong financial performance.

7. Timely and Quality Deliverables: The company prioritizes delivering timely, high-quality, and customized solutions to their customers.

These highlights suggest a company with a strong focus on growth, differentiation, and high performance, making it a potentially attractive investment opportunity for person X.Lloyds Engineering Works Limited's 30th Annual Report for 2023-24 highlights the company's focus on transforming its culture. Key points include:

1. Cultural Transformation: The company has prioritized changing its internal culture as a foundation for growth and improvement.
2. Sustained Growth: The report likely details financial performance, indicating sustained or improved growth metrics.
3. Innovation and Development: Emphasis on innovation and development within the engineering sector.
4. Strategic Initiatives: Implementation of strategic initiatives aimed at long-term success.
5. Commitment to Excellence: A commitment to maintaining high standards in engineering and customer satisfaction.

These highlights suggest a company focused on internal improvement and strategic growth, which could be promising for potential investors.Key Highlights of the Company:

1. Strategic Focus: The company has chosen to specialize and customize its offerings rather than producing usual, volume-led products. This indicates a focus on niche markets and tailored solutions.

2. Transformation and Speed: The company has prioritized rapid transformation and agility over patience, suggesting a dynamic and proactive approach to business.

3. Technology Alliances: Instead of consolidating internally, the company has embraced external technology partnerships, indicating a forward-thinking and innovative mindset.

4. Opportunity-Driven: The company views cautionary advice as opportunities, showcasing a bold and optimistic outlook towards growth and expansion.

These highlights suggest that the company is innovative, agile, and focused on specialized markets, making it a potentially attractive investment for someone looking for growth and innovation.Key Highlights of Lloyds Engineering:

1. Transformational Period: The last three years have been the most transformational in the company's history.
2. Comprehensive Initiatives: The company undertook several initiatives aimed at transforming its core DNA.
3. New Business Direction: Efforts were made to not only create a new business direction but also to transform the company's personality.
4. Long-term Sustainability: The focus was on creating long-term sustainability rather than just enhancing short-term profitability.
5. Brand Transformation: The initiatives aimed to enhance competitiveness and transform the company's brand.

These highlights suggest that Lloyds Engineering is committed to long-term growth and sustainability, making it a potentially attractive investment opportunity.Key Highlights of the Company:

1. Management Shift: Transition from a non-priority driven management to one focused on aggressive growth.
2. Market Focus: Moving from large, visible industry spaces to under-penetrated niches in large downstream sectors.
3. Technology Alliances: Shifting from in-house knowledge to forming technology alliances with global specialists.
4. Capital Expenditure: Significant increase in capital expenditure and investment in business growth.
5. Brand Recognition: Evolving from one of many engineering companies to one of India's most exciting specialized engineering brands.
6. Knowledge Capital: Rebuilding presence in previously vacated engineering spaces using existing knowledge capital.
7. Debt-Free: Transition from a mix of debt and equity funding to being completely debt-free.
8. Growth Orientation: Moving from a status quo-driven approach to a growth-driven approach across all fronts.
9. Ambition: Shifting from complacency with smallness to a hunger for growth.
10. Project Complexity: Transitioning from simple engineering projects to specialized and customized engineering solutions.
11. Capabilities: Upgrading from legacy capabilities to cutting-edge competencies with a forward-looking approach.
12. Future Focus: Moving from past achievements to being driven by future possibilities.
13. Product Fabrication: Transitioning from product fabrication to customized engineering solutions.
14. Order Book: Upgrading from a modest order book to robust revenue visibility.

These highlights indicate a company undergoing significant positive transformation, making it a potentially attractive investment opportunity.Key Highlights of Lloyds Engineering Works Limited (2023-24):

1. Corporate Governance and Leadership:

   • Strengthened leadership and governance practices.
   • Enhanced stakeholder transparency and accountability.

2. Financial Strategy:

   • Capitalized the balance sheet through a rights issue and issuance of warrants to promoters.
   • Developed a business model promoting growth without increasing debt.

3. Manufacturing and Infrastructure:

   • Doubled the work floor area to enhance manufacturing capabilities.

4. Research and Development:

   • Collaborated with a Japanese company to manufacture 70-80% of loading arm components in India.
   • Acquired exclusive rights to manufacture and market acid-free steel pickling technology in India.

5. Talent Management:

   • Introduced an Employee Stock Ownership Plan (ESOP) to align employee and corporate interests.
   • Implemented variable pay linked to individual and team KPIs.

6. Bidding and Contracts:

   • Focused on securing contracts in capital-intensive sectors like oil and gas, power, steel, and defense.
   • Increased efforts to bid for more and larger projects.

These strategic initiatives indicate a robust approach to growth, innovation, and financial stability, making Lloyds Engineering Works Limited a potentially attractive investment opportunity.Key Highlights of the Company:

1. Sales Footprint:

   • Enhanced presence within India.
   • Prepared to enter international markets.

2. Environmental Compliance:

   • Entered technology spaces that improve environmental outcomes, such as acid-free pickling in the steel sector.

3. Client Relationships and Contracts:

   • Managed client relationships through proactive contract management, ensuring profitable terms.

4. Supply Chain and Logistics:

   • Implemented logistics strategies to enhance the delivery of complex machinery.
   • Re-engineered the supply chain to indigenize the product portfolio.
   • Strengthened on-site fabrication, enhancing timeliness and cost management.

These highlights suggest a company with a strong domestic presence, readiness for international expansion, a focus on environmental sustainability, robust client relationship management, and efficient supply chain and logistics operations.Key Highlights of Lloyds Engineering Works Limited:

1. Revenue Growth: The company has shown a significant increase in revenue from operations over the past five years, growing from Rs. 11,446.48 lakhs in FY 20 to Rs. 62,423.61 lakhs in FY 24.

2. EBITDA Improvement: There has been a substantial rise in EBITDA, from Rs. 538.95 lakhs in FY 20 to Rs. 10,843.69 lakhs in FY 24, indicating improved operational efficiency and profitability.

3. Net Profit Surge: Net profit has also seen a remarkable increase, from Rs. 249.05 lakhs in FY 20 to Rs. 7,983.83 lakhs in FY 24, excluding exceptional items.

4. Consistent Financial Strengthening: The financial performance of the company has consistently strengthened over the last few years, showcasing robust growth and profitability.

Based on these highlights, Lloyds Engineering Works Limited demonstrates strong financial health and growth potential, making it a potentially attractive investment opportunity.### Key Highlights for Investment Consideration:

1. EBITDA Margin:

   • Significant improvement from FY 20 (4.39%) to FY 22 (24.17%).
   • Slight decline in FY 23 (18.23%) and FY 24 (17.17%), but still substantially higher than FY 20 and FY 21.

2. Return on Capital Employed (RoCE):

   • Noticeable growth from FY 20 (3.36%) to FY 24 (22.12%).
   • Major improvement starting from FY 22 (8.37%) onwards.

3. Net Worth:

   • Consistent increase over the years, with a substantial jump from FY 23 (Rs. 19,536.43 Lakhs) to FY 24 (Rs. 41,119.81 Lakhs).
   • More than tripled from FY 20 (Rs. 11,239.35 Lakhs) to FY 24.

Summary:

The company has shown strong financial growth, particularly in EBITDA margin and RoCE, indicating improved profitability and efficient capital utilization. The significant increase in net worth over the years also suggests robust financial health and potential for future growth. These factors make the company a promising candidate for investment.Key Highlights of Lloyds Engineering:

1. Contemporary and Competitive: The company is modern, competent, and competitive in its field.
2. Focus on Responsibility, Profitability, and Sustainability: Directed efforts to enhance these key areas.
3. Technology Alliances: Entered into strategic alliances with global technology companies, enhancing its competence.
4. Quick Delivery Cycles: Emphasis on quick project delivery has led to faster cash flows and stronger brand equity.
5. Strong Net Worth: As of March 31, 2024, the company has a net worth of Rs. 41,119.81 Lakhs.
6. Promoter Strength: Promoters have a multi-decade industry track record and have also promoted Lloyds Metals, a rapidly growing integrated steel company in India.
7. Specialised Solutions: Focus on product customisation and solutionisation to deepen brand value.
8. Debt-Free: The company operates without any long-term or short-term debt, relying solely on its net worth for growth.

These highlights suggest a strong, innovative, and financially stable company, making it a potentially attractive investment opportunity.Key Highlights of the Company:

1. High Asset-Turnover: The company generated Rs. 8.11 from every rupee invested in gross block, indicating efficient use of assets and superior business selection.

2. Growing Automation: Strategic investments in automation have been made to enhance fabrication accuracy, timeliness, and cost-effectiveness.

3. Revenue Diversification: The company has diversified its revenue streams, reducing excessive dependence on three main verticals (hydrocarbons, marine, and steel).

4. Revenue Expansion: The company has expanded its presence in multiple sectors, creating opportunities for adjacent revenue generation.

5. Superior Margins: The company achieved an EBITDA margin higher than the sector average, strengthening cash flows and validating its business model.

These highlights suggest a well-managed company with efficient asset use, strategic growth initiatives, diversified revenue streams, and strong financial performance, making it a potentially attractive investment opportunity.Key Highlights of Lloyds Engineering:

1. Vision Alignment: Lloyds Engineering aligns its vision with the national vision of India, emphasizing a shared path towards growth and modernization.

2. Strategic Positioning: The company is positioned to capitalize on India's significant capital spending on infrastructure, which is expected to drive unprecedented investments in the sector.

3. Growth Opportunity: Lloyds Engineering is set to benefit from India's structural shift towards growth, with the country emerging as a major economic engine in a 'China plus one' scenario.

4. Economic Outlook: India is projected to become a USD 4 trillion economy in the current financial year, providing a robust foundation for Lloyds Engineering's accelerated growth.

5. Modern Approach: The company aims to differentiate itself from traditional engineering firms by adopting a modern and forward-looking approach.

These highlights suggest that Lloyds Engineering is well-positioned to leverage India's economic growth and infrastructure development, making it a potentially attractive investment opportunity.### Key Highlights of Lloyds Engineering:

1. Experienced Workforce: The company has significantly increased its professional experience from 1,115 person-years to 1,445 person-years across various sectors, enhancing its knowledge base and experience.

2. Employee Incentives: Implementation of a stock option plan to align corporate and personal interests, aiding in knowledge retention and employee motivation.

3. Growth Strategy:

   • Sector Expansion: Focus on expanding in core sectors with high-margin, differentiated products.
   • Technology Alliances: Plans to grow the portfolio through technology partnerships.
   • Integrated Solutions: Leveraging engineering and fabrication to provide customized solutions.

4. Market Positioning: The company aims to capitalize on under-crowded spaces within large sectors to avoid competition and maintain high margins.

5. Indigenization and Competitiveness: Focus on producing technology-intensive and environmentally friendly products domestically to replace imports and enhance competitiveness.

6. New Market Entry: Plans to enter sunrise sectors and new industrial areas, including the nuclear sector, with technology alliances and new product introductions.

7. Capacity Expansion: Projected doubling of production capacity to support growth.

8. Knowledge Specialization: Continuous induction of subject matter experts to build a highly specialized engineering company.

9. Economic Outlook: The company is optimistic about India's economic growth, driven by reforms, investments, and industrialization, which could position Indian companies on a global scale.

10. Long-term Value Creation: Commitment to sustainable value enhancement for stakeholders through strategic growth and reinvestment of surpluses.

Conclusion:

Lloyds Engineering is strategically positioned for long-term growth with a strong focus on expanding its expertise, entering new markets, and leveraging technology alliances. The company's proactive approach to indigenization and capacity expansion, combined with a favorable economic outlook, makes it an attractive investment opportunity.Key Highlights of Lloyds Engineering Works Limited for Potential Investment:

1. Strong Financial Performance:

   • Revenue Growth: 99.69% in FY24.
   • EBITDA Growth: 86.82% in FY24.
   • PAT Growth: 116.82% in FY24.

2. Robust Order Book:

   • Order Book Value: Increased from Rs. 68,294.28 Lakhs to Rs. 90,431.95 Lakhs in FY24.
   • New Orders: Added Rs. 84,561.28 Lakhs in new orders during FY24.
   • Order Book-to-Revenue Ratio: Maintained at 1.45 times, ensuring balanced workload and delivery capability.

3. Strategic Positioning:

   • Government Infrastructure Focus: Benefiting from India's significant infrastructure investment plans.
   • Bidding Discipline: Targeting projects with an EBITDA margin of 17-18%.

4. Sustainable Growth Foundation:

   • Order Book Liquidation: Expected within 12 to 15 months, indicating a steady revenue stream.
   • Steel Vertical: Comprises 41.78% of the order book, highlighting sectoral strength.

5. Historical Performance:

   • Consistent Growth: Demonstrated profitable growth over the last three years, with significant revenue and margin improvements.

Conclusion: Lloyds Engineering Works Limited has shown impressive financial growth, a robust order book, and strategic alignment with national infrastructure priorities, making it a compelling investment opportunity.Key Highlights of the Company:

1. Profitability and Margins:

   • EBITDA Margin: 17.17%, indicating strong profitability.
   • Return on Capital Employed (RoCE): 22.12%.
   • Return on Equity (RoE): 26.32%.

2. Operational Efficiency:

   • Improved volumes and economies of scale.
   • Effective working capital management.
   • Significant equipment ownership contributing to efficiency.

3. Strategic Positioning:

   • Presence in niche areas, reducing exposure to competition.
   • Enhanced fabrication competence and larger contract sizes.
   • Increased on-site fabrication, reducing costs and speeding up project completion.

4. Growth and Expansion:

   • Development of two new working plots to boost processing capacity.
   • Increase in employment from 163 (FY 23) to 235 (FY 24), expected to drive revenue and project outcomes from FY 25 onwards.

5. Financial Management:

   • Strengthened working capital hygiene.
   • Improved receivables cycle through better trade terms and efficient project milestone management.

Conclusion: The company demonstrates strong profitability, efficient operations, strategic growth, and sound financial management, making it a potentially attractive investment opportunity.### Key Highlights of Lloyds Engineering Works Limited:

1. Revenue Growth:

   • FY24: Revenue grew by 1,146.06% over FY22.
   • FY23: Revenue grew by 524.01% over FY22.
   • FY24 Revenue: Rs. 62,423.61 Lakhs.

2. EBITDA Margin:

   • FY22: 24.17%
   • FY23: 18.23%
   • FY24: 17.17%

3. Raw Material Costs:

   • Reduced from 60.19% of revenues in FY22 to 59.16% in FY23.
   • Entered into technology alliances to enhance indigenisation and reduce costs.

4. Financial Position:

   • Net Worth (as of 31st March 2024): Rs. 41,119.81 Lakhs.
   • Cash and Cash Equivalents: Increased from Rs. 798.66 Lakhs in FY23 to Rs. 12,497.13 Lakhs in FY24.

5. Working Capital Management:

   • Working capital as a % of total capital employed reduced from 84.52% in FY22 to 59.70% in FY24.
   • Working capital tenure reduced from 197 days in FY23 to 165 days in FY24.
   • Receivables cycle: 88 days of turnover equivalent in FY24.
   • Working capital turns increased from 1.85 in FY23 to 2.21 in FY24.

6. Debt-Free Balance Sheet:

   • The company operated with a debt-free balance sheet and adequate cash in hand.

7. Strategic Initiatives:

   • Focus on broadening project and revenue mix.
   • Emphasis on steel cum eco-pickling, theme-based construction, boilers, marine transfers, and navy projects.
   • Technology alliance with TB Niigata for marine transfers to enhance indigenisation to 70-80%.

8. Future Outlook:

   • Plans to grow revenues in a calibrated manner over the next three years.
   • Adopting a relatively asset-light approach to business growth.

Summary:

Lloyds Engineering Works Limited has demonstrated significant revenue growth and improved financial health, marked by a substantial increase in cash reserves and a debt-free balance sheet. The company has effectively managed its working capital and reduced raw material costs through strategic alliances. With a strong net worth and a diversified project portfolio, the company is well-positioned for future growth. The focus on an asset-light approach and broadening its revenue base makes it a potentially attractive investment opportunity.Key Highlights:

1. Strong Order Book: The company started the year with an order book of Rs. 68,294.28 Lakhs.
2. New Orders: During the year, the company secured new orders worth Rs. 84,561.28 Lakhs.
3. Pending Orders: The year ended with a pending order book of Rs. 90,431.95 Lakhs, indicating a robust pipeline for future revenue.

These points suggest a healthy demand for the company's products/services and a strong potential for future growth, making it a potentially attractive investment.Key Highlights of Lloyds Engineering Works Limited:

1. Strategic Business Segments: The company has carefully selected its business segments to ensure a sustainable competitive advantage.
2. Large Sectors with Niche Competencies: Lloyds Engineering operates in large sectors but focuses on niche areas, allowing for significant revenue potential and superior profit margins.
3. Growth Potential: The sectors in which the company operates are expected to continue growing, enhancing the relevance and potential of Lloyds Engineering's business model.

These highlights suggest that Lloyds Engineering Works Limited is well-positioned for sustainable growth and profitability, making it a potentially attractive investment opportunity.Key Highlights of the Company:

1. Niche Specialised Engineering Spaces: The company operates in specialized engineering sectors that are beyond common commodity markets, leading to less competition and higher margins.

2. Superior Margins: The company benefits from operating in relatively under-crowded spaces, which allows for superior profit margins.

3. Technology Alliances: Some segments are protected by exclusive technology agreements, particularly within the India territory, securing future prospects.

4. Growth Prospects: The company has attractive growth prospects due to its focus on niche markets and technological partnerships.

5. Brand Reinforcement: The company aims to enhance its value by reinforcing its brand around customization and differentiation.

6. Manufacturing Flexibility: Offers both offsite and onsite manufacturing flexibility, which can cater to diverse client needs.

7. Sustainable Margins: The company focuses on generating superior, sustainable, and consistent margins.

These highlights suggest that the company is well-positioned in specialized markets with strong growth potential and protected by technological alliances, making it an attractive investment opportunity.Key Highlights of Lloyds Engineering Works Limited:

1. Largest Business Segment: The company's primary business segment is the largest within the company.
2. Order Book: This segment constitutes 41.78% of the order book for FY 2024.
3. Revenue Contribution: It contributes 68.46% of the company's revenues for FY 2024.
4. Revenue Growth: The segment has experienced a significant revenue growth of 135.18% in FY 2024.
5. Sector Focus: The company supplies to the steel sector and has growing prospects in its eco-pickling business.

These highlights suggest strong performance and growth potential, particularly in the steel sector and eco-pickling business, making it a potentially attractive investment.### Key Highlights for Investment Consideration:

1. Industry Growth:

   • The Indian infrastructure and manufacturing sectors are driving the growth of the steel industry.
   • India is industrializing rapidly, with a significant gap between its per capita steel consumption (~90 Kg in FY 24) and the global average (~219 Kg).

2. Market Potential:

   • India is a net importer of steel, with a strong push towards indigenizing steel grades.
   • The Government’s PLI scheme is supporting large investments in the steel sector.
   • India aims to increase its steel manufacturing capacity from 140 million tonnes to 300 million tonnes by 2030.

3. Sustainability Initiatives:

   • The Indian steel industry is investing in initiatives to reach net carbon zero, necessitating fresh investments.

4. Company Competencies:

   • Extensive experience in manufacturing components for iron ore processing, iron making, steel making, casting, and rolling plants.
   • Capability to manage projects across the entire value chain, offering single-point solutions.
   • Established respect for fabricating quality products and delivering detailed engineering of customized equipment.
   • Flexibility in on-site fabrication, reducing delivery timelines and enhancing cost-effectiveness.
   • Ability to execute projects across various models (ESS, EPC, BOOT, TAAS, EPCM), addressing both Indian and global markets.

5. Financial Performance:

   • Significant growth in order book: Rs. 19,383.98 Lakhs (March 2022) to Rs. 23,154.80 Lakhs (March 2023), projected to reach Rs. 37,783.50 Lakhs (March 2024).

Summary:

The company is well-positioned to capitalize on the rapid growth of the Indian steel industry, supported by government initiatives and a strong push towards indigenization and sustainability. With extensive experience, robust competencies, and a growing order book, the company presents a promising investment opportunity in a fast-growing market.Key Highlights of Lloyds Engineering Works Limited:

1. Market Potential: India is on the verge of significant growth in its steel sector, with finished steel consumption expected to nearly double by 2030-31.

2. Strategic Positioning: Lloyds Engineering is well-positioned to capitalize on this growth by providing specialized engineering services to the steel industry.

3. Technological Innovation: The company is pioneering eco-pickling technology, which enhances sustainable steel processing.

4. International Projects: Successfully completed a major overseas project for Ural Mash in Russia, showcasing their capability in extreme conditions.

5. Focus on Niches: The company is targeting under-addressed niches within the steel sector to strengthen its specialization and move beyond commodity services.

6. Customer Expansion: Aiming to secure more projects from prominent steel companies, thereby increasing its share of customer spending.

7. Value-Added Products: Emphasis on value-added products to improve margins, cash flows, and financial surpluses.

8. Global Expansion: Plans to extend its presence from India to international markets, diversifying its revenue streams.

9. Experienced Workforce: Recruiting experienced professionals to build a versatile team aligned with long-term business goals.

10. Alliances with EPC Companies: Forming alliances to broaden access to projects and primary customers.

These strategic initiatives and market opportunities suggest that Lloyds Engineering Works Limited is well-positioned for growth, making it a potentially attractive investment.Key Highlights of Lloyds Engineering for Investment Consideration:

1. Eco-Pickling Initiative: Lloyds Engineering has entered the eco-pickling space, a new environmentally friendly method for removing oxide layers from hot-rolled steel, which is gaining relevance in the global flat steel sector.

2. Exclusive Agreement: The company has an exclusive agreement with The Material Works Limited (TMW) for India and Bangladesh, positioning it uniquely in these markets.

3. Environmental Benefits: The Eco Pickled Surface (EPS) process uses no acid, only water and fine steel, producing no harmful waste products. This aligns with the growing need for responsible manufacturing processes in the steel industry.

4. Cost and Efficiency: The EPS process offers lower capital and operating costs, modest energy consumption, and the ability to recirculate slurry and reuse abrasives extensively.

5. Technological Advantages: The process is scalable, compact, and does not embed shot or grit into the steel substrate. It also allows for varying surface roughness and optional integration with SCS Brushing Technology.

6. Market Potential: There are 150 pickling lines in India that could potentially be replaced by eco-pickling, indicating significant market potential.

7. Pilot Manufacturing Facility: Lloyds Engineering is in the process of setting up a pilot manufacturing facility to validate its eco-pickling proposition.

These highlights suggest that Lloyds Engineering is well-positioned in a growing and environmentally conscious market, with innovative technology and significant cost advantages, making it a potentially attractive investment opportunity.Key Highlights of Lloyds Engineering Works Limited:

1. Second Largest Segment: The boiler business is the company's second-largest segment.
2. Revenue Contribution: This segment contributes 12.91% of the company's total revenues for FY 24.
3. Order Book: It holds 39.50% of the company's order book for FY 24.
4. Revenue Growth: The boiler business has shown a significant revenue growth of 77.67% in FY 24.

These highlights suggest a strong and growing segment within the company, making it a potentially attractive investment opportunity.Key Highlights of Lloyds Engineering:

1. Industry Relevance: Lloyds Engineering operates in the boiler manufacturing sector, crucial for power generation in thermal plants and various process industries like refineries, petrochemicals, and steel production.

2. Market Potential: Despite a shift towards renewable energy, the demand for boilers in the steel industry and other sectors (hydrocarbons, chemicals, textiles) remains strong. India's steel production is expected to double by 2030, driving boiler market growth.

3. Order Book Growth: The company nearly doubled its order book to Rs. 35,724.54 Lakhs by the end of FY24.

4. Product Line: Specializes in energy-efficient Atmospheric Fluidised Bed Combustion (AFBC) and Circulating Fluidised Bed Combustion (CFBC) boilers. CFBC boilers can efficiently burn Dolochar, a by-product from kilns.

5. Infrastructure Investments: Significant investments in modern infrastructure, including an 8-torch panel process welding machine, CNC tube bending machine, and a new fabrication shed, enhancing production capacity by over 125%.

6. Competencies: The company has a full-fledged vertical focus, extensive competencies in marketing, design, engineering, and execution, and a proven track record in delivering complex boiler solutions.

7. Strategic Expansion: Extended capabilities from hydrocarbons to the steel sector, leveraging the promoters' experience in mining and steel manufacturing.

8. Flexibility: Ability to insource and outsource, making it a versatile one-stop solution provider.

Conclusion: Lloyds Engineering demonstrates strong market potential, significant order book growth, and strategic investments in infrastructure and competencies, making it a promising investment opportunity.Key Highlights of Lloyds Engineering Works Limited:

1. Optimistic Business Prospects: The company is well-positioned to benefit from the projected growth in the Indian infrastructure sector, which is expected to drive increased steelmaking.

2. Steel Manufacturing Capacity Growth: India's steel manufacturing capacity is projected to double from 150 million tonnes to 300 million tonnes by 2030, expanding the market for customised boilers.

3. Competence in Waste Heat Recovery Boilers: The company has expertise in waste heat recovery boilers, which are increasingly needed to reduce the carbon footprint of steel plants.

4. Boiler Retrofit Market: There is a growing market for upgrading legacy boilers without scrapping them, which the company is well-equipped to address.

5. Strategic Focus: The company aims to become one of the top three players in India in the foreseeable future.

6. Financial Growth: The company's order book has shown significant growth:

   • Rs. 5,518.98 Lakhs as of 31st March 2022
   • Rs. 18,943.93 Lakhs as of 31st March 2023
   • Projected to reach Rs. 35,724.54 Lakhs as of 31st March 2024

7. Steel Product Growth: The country's steel product output is expected to grow from approximately 135 MTPA to 300 MTPA by 2030, with direct reduced iron (DRI) production constituting around 35% of this growth, further driving the boiler market.

These highlights suggest that Lloyds Engineering Works Limited is poised for substantial growth, making it a potentially attractive investment opportunity.Key Highlights of the Company:

1. Investment in Automation: The company plans to invest in automation to reduce project delivery timelines, enhancing competitiveness.

2. Diversification into Slop-Fired Boilers: The company aims to diversify into the fabrication of slop-fired boilers, targeting business from the sugar sector.

3. Strengthening On-Site Team: Selective recruitments will be made to strengthen the on-site team, improving project outcomes.

4. Enhancing Skills and Capabilities: The company will focus on selective recruitment to enhance its capacity to deliver one-stop solutions.

5. Cost Reduction: Efforts will be made to deepen cost reduction, moderating the break-even point and enhancing bidding competitiveness.

6. Increasing On-Site Fabrication and Execution: The company plans to increase client on-site fabrication and execution, improving logistical efficiency and reducing turnaround time.

7. Fabrication of Larger Equipment: The company will move towards fabricating larger equipment, strengthening economies and project profitability.

8. Market Opportunity: With India's commitment to becoming net zero by 2070 and the growing demand for thermal power, there is an increasing need for boilers and specialized engineering solutions. The company is well-positioned to capitalize on this trend due to its decades of engineering experience.

These strategies and market opportunities suggest a strong potential for growth and profitability, making the company a promising investment.Key Highlights of Lloyds Engineering Works Limited:

1. Business Segment: The hydrocarbon equipment business is the 3rd largest segment within the company.
2. Revenue Contribution: This segment contributed 9.79% of the company's revenues in FY 2024.
3. Order Book: It accounted for 10.11% of the company's order book in FY 2024.
4. Revenue Growth: The segment experienced a significant revenue growth of 64.41% in FY 2024.

These highlights suggest a strong performance and growth potential in the hydrocarbon equipment segment, making it a potentially attractive investment opportunity.### Key Highlights of Lloyds Engineering:

1. Industry Context:

   • The hydrocarbon segment in India is capital-intensive with continuous modernization, providing non-seasonal revenue opportunities.
   • Growing industrialization in India will increase the demand for hydrocarbons.

2. Company Background:

   • Promoters have 50 years of experience in the hydrocarbon sector.
   • Empaneled as a prospective vendor by nearly all large petroleum and petrochemical companies.
   • Known for delivering products and services that are "first-time right," earning trust and respect in the sector.

3. Optimism and Investments:

   • Increasing relevance due to the need for enhanced machining manufacturing capabilities.
   • Focus on fabricating sophisticated and value-added products to strengthen margins.
   • Investments in manufacturing infrastructure (e.g., tube sheet drilling machine) and talent recruitment, retention, and training.

4. Outlook:

   • Modernization and expansion programs in the petroleum and petrochemical sectors create new opportunities.
   • Attractive prospects for knowledge-driven engineering companies like Lloyds Engineering.

5. Competencies:

   • Knowledge Capital: 50 years of experience with over 100 projects.
   • Brand: Strong brand recall for on-schedule and first-time right project delivery.
   • Competence: Expertise in Process Packages & Static Equipment, including pressure vessels, heat exchangers, columns, reactors, and air gas dryers.
   • Capability: Specialized engineering capabilities, such as a CNC Tubesheet Drilling Machine for large and heavy heat exchangers.
   • Relationships: Active relationships with all major Indian hydrocarbon companies.

6. Financial Performance:

   • Revenue as of March 31, 2022: Rs. 10,054.63 Lakhs
   • Revenue as of March 31, 2023: Rs. 10,327.91 Lakhs
   • Projected Revenue as of March 31, 2024: Rs. 9,140.39 Lakhs

Summary for Investment Consideration:

Lloyds Engineering is a well-established company with a strong track record in the hydrocarbon sector, backed by 50 years of experience and a reputation for reliable, first-time right service delivery. The company is strategically positioned to benefit from ongoing modernization and expansion in India's petroleum and petrochemical industries. With significant investments in advanced manufacturing capabilities and talent, Lloyds Engineering is poised for growth, despite a slight projected dip in revenue for 2024. The company's strong relationships with major industry players further enhance its prospects.Key Highlights of Lloyds Engineering Works Limited:

1. Market Outlook:

   • India's economic growth is driving increased energy demand, particularly in oil and gas.
   • Oil demand in India is projected to double to 11 million barrels per day by 2045.
   • Diesel demand is expected to double to 163 MT by 2029-30.
   • The hydrocarbons sector is expected to attract USD 25 billion in investment.

2. Strategic Initiatives:

   • Complex High-Value Projects: Focus on projects with specialized metallurgies (cladded, stainless steel, alloy steels, exotic materials) to reduce competition and improve pricing.
   • International Expansion: Leverage competencies to bid for specialized engineering projects in Africa and MENA regions.
   • Manufacturing Capacity: Enhanced with a new heavy fabrication shop equipped with advanced machinery, strengthening pre-qualification credentials.
   • Automation: Increased role of automation in equipment fabrication to reduce waste and enhance process yield.
   • Certifications: Strengthened safety and environmental compliance certifications to bolster ESG credentials.

3. Industry Position:

   • India is a refining hub with 23 refineries and plans to expand refining capacity from 266.5 MMTPA to 450 MMTPA by 2030.
   • Expansion plans aim to attract foreign investment in export-oriented infrastructure.

Conclusion: Lloyds Engineering Works Limited is strategically positioned to capitalize on the growing energy demand in India and international markets, with a focus on high-value projects, enhanced manufacturing capabilities, and strong ESG credentials. This makes it a potentially attractive investment opportunity.Key Highlights:

• The naval equipment business is the 4th largest segment within the company.
• It contributes 1.82% of the company's revenues for FY 24.
• It accounts for 5.92% of the company's order book for FY 24.
• The segment has shown a significant revenue growth of 22.28% in FY 24.

These points indicate a growing and potentially lucrative segment within the company, which could be a positive factor for investment consideration.Key Highlights of Lloyds Engineering Works Limited:

1. Specialized Market: The company manufactures products and components specifically for the Indian Navy, focusing on marine realities such as saline influences, corrosion resistance, and rolling sea conditions.

2. Growth Potential: The Indian Navy's plan to supplement and replace its existing fleet presents a significant growth opportunity for the company, with a substantial number of vessels expected to be added in the coming decade.

3. Established Competence: Lloyds Engineering has over 35 years of experience in providing critical vessel products like electro-hydraulic steering gear and fin stabilizers. The company is one of the few large specialized engineering service providers in this niche.

4. Comprehensive Services: The company transforms one-off transactions into annuity engagements by providing products backed by the delivery of spares and services.

5. Revenue Focus: Although this segment currently has a limited share in the company's overall revenue, there is a strategic aim to generate a larger proportion from precision value-added products and components.

6. Capability and Empanelment: Demonstrated capability in developing counter-obsolescence products and satisfaction of customer needs. The company is also a registered vendor with the Indian Navy and shipyards.

7. Expanding Portfolio: The company has widened its portfolio within this space by leveraging engineering synergies.

8. Financial Growth:

   • Revenue increased from Rs. 742.77 Lakhs as of March 31, 2022, to Rs. 936.15 Lakhs as of March 31, 2023.
   • The order book for this business segment is evolving, with Rs. 8,150.74 Lakhs in April 2024 and Rs. 5,352.40 Lakhs as of March 31, 2024.

These highlights suggest that Lloyds Engineering Works Limited is well-positioned for growth in a specialized and expanding market, making it a potentially attractive investment opportunity.Key Highlights of the Company:

1. Selective Recruitment: The company plans to enhance the recruitment of senior talent related to the Indian Navy, which is expected to deepen its sectorial visibility and competence.

2. Process Automation: By enhancing process automation, the company aims to accelerate project turnaround, reduce waste, and improve quality outcomes.

3. Portfolio Expansion: The company intends to widen its portfolio to account for a larger share of a vessel’s spending, positioning itself as a specialist.

4. Precision Engineering Projects: The company seeks to bid for precision engineering projects, which is expected to enhance its reputation for specialization.

5. Investment in Machinery and Controls: Investing in machinery and controls is expected to transform the company into a future-facing integrated solutions provider.

6. Niche Vessel Areas: The company plans to grow its presence in niche vessel areas, which is expected to enhance margins and respect as a specialized player.

7. Technology Alliances: The company intends to enter into multiple technology alliances to widen its competence and bid for a higher vessel share.

8. Indian Naval Sector Prospects: The company is optimistic about the Indian naval sector, with significant orders placed by the Indian Navy to counter the growing presence of the Chinese in the Indian Ocean region. The Navy aims to achieve a force level of 155-160 warships by 2030 and 175-200 warships by 2035.

Conclusion: The company's strategic initiatives and optimistic outlook on the Indian naval sector, combined with its focus on specialization, process automation, and technology alliances, make it a potentially attractive investment opportunity.Key Highlights of Lloyds Engineering Works Limited:

1. Marine Loading Arm Business:
   • 5th Largest Segment within the company.
   • 0.81% of the order book for FY 24.
   • 0.65% of revenues for FY 24.
   • 16.32% revenue growth in FY 24.

These points indicate that while the marine loading arm business is a smaller segment of the company, it is experiencing significant revenue growth. This could suggest potential for future expansion and profitability in this segment.Key Highlights of Lloyds Engineering:

1. Market Position: Lloyds Engineering specializes in manufacturing material transfer systems crucial for handling clean fuels and other materials like ammonia, petrochemicals, acids, oils, and crude oil. This positions them well in the growing Indian market focused on clean fuel imports.

2. Technological Edge: The company has advanced capabilities in producing electro-hydraulic systems and swivel joints for both small and large-scale loading arms, ensuring efficient and safe material transfers.

3. Strategic Alliance: Lloyds Engineering has a technology alliance with TBG Niigata, a leading Japanese company, providing access to specialized know-how and enhancing their product offerings.

4. Growth Potential: With the increase in the number of active ports in India and the rising demand for timely fuel imports, Lloyds Engineering is well-placed to benefit from the expanding market.

5. Indigenisation Plan: The company aims to progressively indigenize over 70% of its components, reducing dependency on imports and potentially lowering costs.

6. In-House Testing: They are developing in-house testing capabilities for marine loading/unloading arms, which could improve product reliability and customer trust.

7. Niche Market: Operating in a relatively under-explored niche, Lloyds Engineering is protected from intense competition, allowing for potentially higher margins and market stability.

Conclusion: Lloyds Engineering is strategically positioned in a growing market with strong technological capabilities, strategic alliances, and a focus on indigenization. These factors make it a promising investment opportunity in the context of India's increasing focus on clean fuel imports and port expansion.Key Highlights of Lloyds Engineering Works Limited:

1. Strategic Initiatives:

   • Product Supply Extension: Expanding product supply to maintenance engagements to enhance annuity revenues.
   • Global Technology Alliances: Increasing global technology alliances to cover new areas, thereby widening the company’s competence profile.
   • TBG Niigata Alliance: Leveraging the TBG Niigata alliance to indigenize product manufacturing, which enhances respect, moderates costs, accelerates manufacturing turnaround, and improves direct project control.

2. Financial Growth:

   • Revenue increased from Rs. 515.49 Lakhs as of 31st March 2022 to Rs. 853.78 Lakhs as of 31st March 2023.
   • The order book for the business segment is projected to grow to Rs. 730.17 Lakhs by 31st March 2024.

3. Market Opportunity:

   • India is the world’s fourth-largest importer of liquefied natural gas, with demand expected to grow at 4.9% annually between 2022 and 2050.
   • Net natural gas imports in India could increase from 3.6 billion cubic feet per day (Bcf/d) in 2022 to 13.7 Bcf/d in 2050, necessitating expanded port infrastructure for stable and secure gas and liquid transfers.
   • Lloyds Engineering aims to capitalize on this growing demand by engineering niche products that facilitate these transfers, particularly benefiting refineries.

Conclusion: Lloyds Engineering Works Limited is strategically positioned for growth through product supply extension, global alliances, and leveraging key partnerships. The company is set to benefit from the increasing demand for liquefied natural gas in India, with a strong financial performance and a growing order book.Lloyds Engineering has a strong track record of completed projects, indicating reliable credentials. The company focuses on long-term investments in infrastructure and knowledge capital, which suggests a commitment to sustainable growth. This makes it a potentially attractive option for investment.Key Highlights of Lloyds Engineering Works Limited:

1. Market Need: There is a growing demand for improved urban aesthetics and infrastructure in India, driven by the need to enhance life quality for both residents and visitors.

2. Company Positioning: Lloyds Engineering is positioned to meet this demand through theme-based construction, combining robust infrastructure with enhanced aesthetics.

3. Track Record: The company has a proven track record of successfully completed projects, validating its credentials in the market.

4. Growth Outlook: Lloyds Engineering aims to leverage its first-mover advantage and growing municipal budgets to expand its visibility and market share across urban India.

5. Core Competencies:

   • Knowledge: Possesses advanced technology knowledge and experienced professionals.
   • Associations: Collaborates with prominent service providers to widen solution capabilities.
   • Demonstrated Capability: Proven ability in commissioning and completing theme-based construction projects.
   • Acceptance: Projects have been well-received by customers and the public.
   • Balance: Expertise in integrating technology, art, and culture into projects that enhance citizen pride.

6. Strategic Initiatives:

   • Concept Selling: Engaging municipal bodies to create and grow the market.
   • Brand Visibility: Enhancing visibility through successful projects, particularly in Mumbai.
   • Social Media: Increasing social media presence to boost citizen pride and company respect.
   • Urban Destinations: Creating small urban destinations that combine public convenience and aesthetics.

7. Growth Strategy: The company plans to grow by creating a market for its solutions, enhancing brand visibility, and deepening respect as a multi-capability company.

Conclusion: Lloyds Engineering Works Limited is well-positioned to capitalize on the growing need for urban regeneration in India, with a strong track record, strategic growth initiatives, and core competencies that make it a promising investment opportunity.### Key Highlights of the Company:

1. Prominent Projects:

   • Spirit of Mumbai Clock Tower: A significant landmark in Mumbai, celebrating the spirit of Mumbaikars.
   • Atal Smruti Udyan: Renovated park with state-of-the-art technology, featuring Democracy Hall, a digital Constitution of India, and a library with 25,000 books.
   • Beautification of Sarkhel Kanoji Angre Samadhi & Udyan: Restoration of a historic site with Maratha architecture, enhancing its appeal as a tourist destination.

2. Urban Infrastructure Focus:

   • The company specializes in urban infrastructure engineering services combined with aesthetic renewal.
   • Successful transformation of urban pockets in Mumbai, setting a precedent for future projects nationwide.

3. Government Support:

   • India’s Budget 2023-24 allocated Rs. 764.32 billion for urban renewal.
   • Establishment of an Urban Infrastructure Development Fund (UIDF) with Rs. 100 billion per annum for project implementation in tier 2 and tier 3 cities.

4. Strategic Vision:

   • The company aims to enhance urban pride, population retention, and attract investments through quality urban infrastructure.

Investment Consideration:

• Track Record: Proven success in transforming urban areas in Mumbai.
• Government Backing: Significant budget allocation and establishment of UIDF for urban infrastructure.
• Growth Potential: Focus on tier 2 and tier 3 cities offers expansion opportunities.

This summary indicates that the company is well-positioned in the urban infrastructure sector with strong government support and a successful track record, making it a potentially attractive investment.Key Highlights of Lloyds Engineering:

1. Reinvented Organization: Lloyds Engineering has undergone significant transformation under new management in the past few years, leading to a renewed sense of purpose and direction.

2. Rapid Growth: The company has emerged as one of the fastest-growing engineering firms in India within a short span of three years.

3. Talent Management: There has been accelerated recruitment to fill managerial gaps, focusing on creating a future-facing organization aligned with the company's goals.

4. Cultural Deepening: The company is working towards deepening its desired culture to become one of India's most respected and differentiated engineering companies.

5. Strategic Vision: Lloyds Engineering aims to be the cleanest company in its business, stay cash-rich, create national benchmarks, and outperform the sector and economic growth.

6. Stakeholder Engagement: The company is focused on graduating stakeholder engagements from mere transactions to long-term relationships.

7. Customer Profitability: Lloyds Engineering measures its profitability by the enhanced profits it helps its customers generate by getting them into business faster.

8. Commitment to Excellence: The company strives to be the best across every aspect of its business and aims to do tomorrow’s work today.

These highlights suggest a company with a strong strategic vision, rapid growth, and a commitment to excellence, making it a potentially attractive investment opportunity.Key Highlights of the Company for Potential Investment:

1. Talent Management:

   • Right Person, Right Role: Employees are placed in positions that match their skills and strengths.
   • Strategic Alignment: Talent management practices are aligned with the company's strategic objectives.
   • Talent Acquisition and Retention: Focus on attracting and retaining skilled employees who fit the company culture.

2. Performance and Incentives:

   • Performance Management: Annual systems to evaluate and improve employee performance.
   • Semi-Annual Incentives: Substantial incentives provided every six months based on performance.

3. Employee Development:

   • Learning & Development: Continuous learning opportunities and career development programs.
   • Employee Engagement & Satisfaction: Positive work environment fostering motivation and engagement.

4. Diversity and Inclusion:

   • Diverse Workplace: Promoting equal opportunities for all employees.

5. Compensation and Benefits:

   • Competitive Packages: Attractive compensation and benefits to retain top talent.
   • ESOP: Employee Stock Option Plans as a retention tool.

6. Compliance and Ethics:

   • Legal and Ethical Standards: Ensuring all HR practices comply with legal standards and ethical guidelines.

HR Goal:

• Align workforce with strategic objectives, enhance employee capabilities, and ensure HR practices support business goals.

These highlights indicate a strong focus on strategic talent management, employee development, and a positive work environment, making the company a potentially attractive investment.Key Highlights of Lloyds Engineering Works Limited:

1. Strategic Workforce Planning:

   • Analyzes current and future workforce needs based on business goals.
   • Identifies skill gaps and develops plans to address them.
   • Ensures a talent pipeline to meet emerging needs.

2. Comprehensive Recruitment & Selection:

   • Develops targeted recruitment strategies to attract diverse, high-quality candidates.
   • Utilizes multiple recruitment channels, including job boards, social/professional media, and employee referrals.
   • Conducts thorough selection processes with structured interviews.

3. Effective Onboarding Programs:

   • Implements structured onboarding to acclimate new hires to company culture and operations.
   • Provides clear job roles, expectations, and initial training for a smooth transition.

4. HR Practices for Enhanced Talent Effectiveness:

   • Upholds integrity, respect, excellence, and responsibility.
   • Ensures compliance with laws, avoids conflicts of interest, and maintains confidentiality.
   • Enforces non-discrimination, health & safety, and substance abuse policies.

5. Core Values and Professional Conduct:

   • Adheres to a Code of Conduct emphasizing high ethical standards.
   • Guides actions and decisions of all employees, contractors, and business partners to operate with integrity and respect.

Conclusion: Lloyds Engineering Works Limited demonstrates a strong commitment to strategic workforce planning, comprehensive recruitment, effective onboarding, and robust HR practices. Their adherence to core values and a strict Code of Conduct ensures ethical operations and a positive workplace environment, making it a potentially sound investment.Key Highlights of Lloyds Engineering:

1. Performance Management:

   • Clear performance goals aligned with company objectives.
   • Semi-annual reviews with actionable feedback.
   • Metrics to identify high performers and areas for improvement.

2. Incentive Plans:

   • Structural reviews with defined job roles.
   • Rewards based on individual and departmental performance.

3. Employee Engagement & Retention:

   • Participation in assessments like Great Place To Work.
   • Programs promoting work-life balance.
   • Sports championships and festival celebrations.

4. Diversity, Equity & Inclusion:

   • Targeted recruitment and development programs.
   • Equitable opportunities for all employees.
   • Inclusive culture treating everyone as members.

5. Compensation & Benefits:

   • Market-competitive salaries and benefits.
   • Regular compensation reviews.
   • Performance-based bonuses and incentives.
   • Employee-friendly salary structure.

6. Employee Relations & Communication:

   • Open and transparent communication.
   • Prompt and fair grievance handling.
   • Regular updates on company policies and changes.
   • Anonymous suggestion box for employee feedback.

7. Health & Well-being:

   • Wellness programs for physical and mental health.
   • Rewards for wellness challenges.
   • Safe work environment with Mediclaim and accident insurance.
   • Life after death benefits.

8. Legal Compliance & Ethical Practices:

   • Compliance with local, state, and federal laws.
   • Promotion of ethical behavior and a code of conduct.
   • Implementation of a POSH policy.

9. Employee Skill Development:

   • Extensive onboarding and wellness training.
   • On-the-job training with senior mentoring.
   • Soft skills development sessions.

These initiatives indicate a strong commitment to employee well-being, development, and a positive work environment, making Lloyds Engineering a potentially attractive investment opportunity.Key Highlights of Lloyds Engineering Works Limited:

1. Competence and Qualifications:

   • Focus on matching skills, expertise, and experience with market standards.
   • Emphasis on educational background, certifications, and training.

2. Challenges and Mitigation:

   • Addressed recruitment challenges by expanding talent search through job portals, professional sites, and social media.
   • Enhanced value proposition with competitive compensation, positive work culture, and employee referral incentives.
   • Adapted to market dynamics by offering flexible work arrangements and emphasizing work-life balance.

3. Impact of HR Initiatives:

   • Employee Productivity: Increased through extensive training and improved onboarding processes.
   • Employee Engagement & Satisfaction: Higher engagement and satisfaction, reduced turnover rates, and improved retention.
   • Leadership & Succession Planning: Strengthened leadership development and succession planning.
   • Innovation & Competitive Edge: Fostered a culture of innovation, maintaining competitiveness.
   • Operational Efficiency: Streamlined HR processes and implemented new HR systems for better efficiency.
   • Diversity, Equality & Inclusion: Commitment to DEI improved reputation and talent attraction.

4. Financial Performance:

   • Positive impact on financial performance due to higher productivity, better leadership, continuous innovation, and cost savings from reduced turnover and improved operational efficiency.

Conclusion: Lloyds Engineering Works Limited has implemented effective HR strategies that have significantly improved employee productivity, engagement, and satisfaction, leading to enhanced financial performance and operational efficiency. The company's commitment to innovation, leadership development, and diversity makes it a strong candidate for investment.### Key Highlights of Lloyds Engineering:

1. Team Development:

   • Average Age: Focus on moderating the average age to build a younger team.
   • Team Working: Utilizes project performance, peer reviews, and feedback for individual enhancement.
   • Passion Measure: Gauges enthusiasm and dedication through periodic employee surveys.

2. Learning Organization:

   • Continuous Learning: Comprehensive learning and development programs.
   • Continuous Improvement: Encourages incremental changes for efficiency and effectiveness.
   • Leadership Development: Specialized programs to cultivate leadership skills at all levels.
   • Feedback System: Comprehensive feedback from peers, subordinates, and supervisors.

3. Leadership Development:

   • 360-Degree Feedback: Performance management system to identify leadership potential.
   • Succession Planning: Prepares high-potential employees for leadership roles.
   • Talent Identification: Early identification and accelerated development of potential leaders.
   • Career Development: Clear career paths and development roadmaps.
   • Delegation of Authority: Encourages managers to delegate responsibilities.
   • Performance-Based Incentives: Links incentives to leadership behaviors and achievements.

4. Work-Life Balance:

   • Flexible Working Arrangements: Allows employees to choose their working hours.
   • Health & Wellness Programs: Access to wellness programs and fitness challenges.
   • Work-Life Balance Policies: Practices to avoid late sitting, flexible leave options, and early leave for personal errands.
   • Supportive Work Environment: Indoor games and a relaxed work environment.
   • Family-Friendly Benefits: Maternity and paternity leave options.

These initiatives indicate that Lloyds Engineering is committed to fostering a supportive, learning-oriented, and balanced work environment, which could be attractive for investment due to its focus on continuous improvement and employee well-being.Key Highlights of Lloyds Engineering:

1. Recruitment and Retention Success:

   • Increased headcount while maintaining a stable workforce.
   • Average employee age remains steady at 36.
   • Stringent recruitment standards focusing on educational qualifications, skills, and competencies.
   • Strong emphasis on diversity and inclusion, with active efforts to recruit from various genders, ethnic backgrounds, and nationalities.
   • Current workforce includes 7% women, with expectations for this percentage to increase.

2. Workplace Safety:

   • Comprehensive safety policies and procedures, including strict enforcement of safety gear usage.
   • Regular safety training programs and participation in Safety Week Programs.
   • Routine workplace inspections and audits to identify and mitigate hazards.
   • Clear incident reporting systems for accidents, near misses, and unsafe conditions.

3. Organizational Culture:

   • Emphasis on being a learning organization with digitally automated supports.
   • Focus on creating teams of specialists and promoting work-life balance.
   • Leadership development at every level and a holistic focus on high productivity.
   • Prioritization of workplace safety and building on adjacent competencies.

Conclusion: Lloyds Engineering demonstrates strong recruitment and retention practices, a commitment to diversity and inclusion, robust workplace safety measures, and a positive organizational culture. These factors contribute to its success and innovation, making it a potentially attractive investment opportunity.### Key Highlights of the Company:

1. Gender Diversity:

   • Predominantly male workforce (around 91-93% male, 7-9% female).

2. Age Distribution:

   • Increasing younger workforce (22-35 age group increased from 45% in FY22 to 64% in FY24).
   • Decreasing older workforce (46-60 age group decreased from 34% in FY22 to 18% in FY24).

3. Educational Background:

   • High percentage of engineers (increased from 61% in FY22 to 73% in FY24).
   • Stable percentage of MBAs and Chartered Accountants (around 7-8% and 1% respectively).

4. Employee Tenure:

   • Fluctuating tenure with more than 5 years of experience (peaked at 41% in FY23, then dropped to 30% in FY24).

5. Organizational Experience:

   • Significant increase in person-years of experience (from 1,144 years in FY22 to 2,328 years in FY24).

6. Revenue and Profitability:

   • Substantial growth in revenue per employee (from Rs. 37.39 Lakhs in FY22 to Rs. 265.63 Lakhs in FY24).
   • Significant increase in cash profit per employee (from Rs. 5.44 Lakhs in FY22 to Rs. 35.70 Lakhs in FY24).

Summary:

The company has shown a strong investment in talent, particularly in younger and engineering-focused employees. This investment is reflected in the substantial growth in both revenue and cash profit per employee over the past three years. The workforce is predominantly male, and there is a notable increase in organizational experience. These factors suggest a robust and growing company, making it a potentially attractive investment opportunity for Person X.### Key Highlights of Lloyds Engineering Works Limited (30th Annual Report 2023-24)

1. Financial Performance:

   • The company has presented its audited standalone financial statements for the financial year ending 31st March 2024.
   • A 20% dividend on equity shares has been declared for the financial year ended 31st March 2024.

2. Board of Directors:

   • Mr. Rajashekhar Mallikarjun Alegavi is up for re-appointment as a director.
   • Approval sought for Mr. Alegavi to continue as a Non-Executive Director after he attains the age of 75 on 24th April 2025.
   • Mr. Devidas Kashinath Kambale is proposed to be appointed as a Non-Executive Independent Director.

3. Cost Auditors:

   • The remuneration of Rs. 45,000 for M/s. Manisha & Associates, Cost Accountants, for the financial year ending 31st March 2025, has been ratified.

4. Consultancy Fees:

   • Approval for payment of technical consultancy charges/advisory fees to Mr. Rajashekhar Mallikarjun Alegavi, not exceeding 1 Crore in any financial year.

5. Compliance and Governance:

   • The company is adhering to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring robust governance and compliance.

These highlights indicate a stable financial performance, commitment to shareholder returns through dividends, and strong governance practices, making it a potentially attractive investment opportunity.### Key Highlights for Investment Consideration:

1. Leadership Stability:

   • Mr. Devidas Kambale: Continuation as Non-Executive Independent Director until September 30, 2028, even after attaining the age of 75 on June 1, 2026.
   • Mr. Lakshman Ananthsubramanian: Re-appointed for a second term as Independent Director from January 24, 2025, to January 23, 2030, despite attaining the age of 75 on June 19, 2024.

2. Governance and Compliance:

   • The company adheres to the Companies Act, 2013, and SEBI regulations, ensuring robust governance practices.
   • Resolutions passed with the approval and recommendation of the Nomination and Remuneration Committee and the Board of Directors.

3. Related Party Transactions:

   • Approval for material related party transactions with Lloyds Metals and Energy Limited (LMEL) up to an aggregate value of ₹2,000 Crore annually.
   • Transactions to be conducted on an arm’s length basis, ensuring fairness and compliance with statutory requirements.

4. Board Authorization:

   • The Board of Directors is empowered to execute necessary actions to implement the resolutions, indicating proactive management.

These highlights suggest a company with stable leadership, strong governance, and clear strategic partnerships, making it a potentially attractive investment opportunity.Key Highlights of Lloyds Engineering Works Limited (30th Annual Report 2023-24):

1. Approval of Related Party Transactions:

   • The company has approved material related party transactions with Lloyds Enterprises Limited (formerly Shree Global Tradefin Limited) for procurement of steel or other raw materials.
   • The transactions are capped at an aggregate value of Rs. 100 Crore per financial year and must be conducted on an arm’s length basis.

2. Board Authorization:

   • The Board of Directors has been authorized to finalize terms, execute necessary documents, and seek approvals for the related party transactions.
   • The Board can delegate these powers to any Director, Chief Financial Officer, Company Secretary, or other authorized officers without needing further member consent.

3. Compliance and Ratification:

   • All actions taken by the Board in connection with these resolutions have been approved, ratified, and confirmed.
   • Necessary entries will be made in the Register of Contracts or arrangements in which Directors are interested.

4. Corporate Governance:

   • The resolutions align with the provisions of the Companies Act, 2013, and SEBI Listing Regulations, ensuring compliance with statutory requirements.

These highlights indicate a structured approach to managing related party transactions and strong governance practices, which could be positive indicators for potential investors like Person X.### Key Highlights for Investment Consideration:

1. Annual General Meeting (AGM):

   • The AGM is scheduled for 26th July 2024, to be held virtually, ensuring compliance with MCA and SEBI circulars.

2. Dividend Information:

   • The company has recommended a dividend for the year ending 31st March 2024, which will be paid to shareholders on record as of 19th July 2024, subject to tax deductions.

3. Tax Compliance:

   • Dividends are taxable in shareholders' hands, and the company will deduct tax at source (TDS). Shareholders need to update their PAN to avoid higher TDS rates.

4. Electronic Communication:

   • The AGM notice and annual report will be sent electronically to registered email addresses, promoting efficient and eco-friendly communication.

5. Corporate Governance:

   • Body corporates can appoint authorized representatives to attend and vote at the AGM through VC/OAVM, ensuring robust corporate governance practices.

6. Regulatory Compliance:

   • The company adheres to SEBI mandates, requiring all securities transactions to be processed in dematerialized form, enhancing transparency and security.

7. Shareholder Services:

   • Shareholders are encouraged to update their personal and bank details to ensure seamless communication and dividend distribution.

These highlights indicate a company that is compliant with regulatory requirements, committed to shareholder communication, and offers a dividend, making it a potentially attractive investment.Key Highlights of Lloyds Engineering Works Limited Annual Report 2023-24:

1. KYC Compliance: The company emphasizes the importance of KYC compliance for processing service requests. Forms for KYC updates are available on the company's website.

2. Nomination Facility: Members can register or update their nominations using Form No. SH-13, ISR-3, or SH-14, available on the company's website.

3. Dematerialization of Shares: Members holding shares in physical form are urged to convert them to dematerialized form, as per SEBI guidelines. Physical share transfers are not permissible.

4. PAN and KYC Details: SEBI mandates the furnishing of PAN and KYC details for holders of physical securities. Forms for updating these details are available on the company's and RTA's websites.

5. Dividend Payment: Effective April 1, 2024, dividends for physical shareholdings will be paid only through electronic mode, contingent on the submission of PAN, KYC details, and bank account information.

6. Email Registration: Shareholders are encouraged to register their email IDs for electronic communication. Procedures differ for demat and physical form holders.

7. AGM Participation: The Annual General Meeting (AGM) will be held via Video Conferencing (VC)/Other Audio-Visual Means (OAVM). Members can join 15 minutes before and after the scheduled time. Pre-registration is required for those wishing to speak or ask questions.

8. PAN Submission: SEBI mandates the submission of PAN for all securities market participants. Members should submit their PAN to their Depository Participants or the Registrar and Share Transfer Agent.

These highlights indicate a strong focus on regulatory compliance, digital transformation, and shareholder engagement, which could be positive indicators for potential investors.### Key Highlights for Investment Consideration:

1. Electronic Voting System: The company provides an electronic voting system for shareholders, ensuring transparency and ease of participation in decision-making processes.

2. Annual General Meeting (AGM): The AGM is scheduled, and relevant documents are accessible electronically, promoting efficient communication with shareholders.

3. Regulatory Compliance: The company adheres to various sections of the Companies Act, 2013, and SEBI regulations, indicating strong governance and regulatory compliance.

4. Shareholder Communication: Annual Reports and other communications are sent electronically, with physical copies available upon request, ensuring all shareholders are well-informed.

5. E-Voting Agency: Central Depository Services Limited (CDSL) is engaged to provide e-voting facilities, ensuring a secure and reliable voting process.

6. Scrutinizer Appointment: An independent scrutinizer is appointed to oversee the e-voting process, ensuring fairness and transparency.

7. Website Accessibility: AGM notices and Annual Reports are available on the company’s website and stock exchange websites, enhancing accessibility for shareholders.

8. Cut-off Date for Voting Rights: Voting rights are based on the shareholding as of a specific cut-off date, ensuring clarity on who is eligible to vote.

These highlights suggest that the company maintains strong governance practices, transparent communication, and efficient shareholder engagement, which are positive indicators for potential investors.### Key Highlights of Lloyds Engineering Works Limited (30th Annual Report 2023-24):

1. E-Voting Facility:

   • The company provides a streamlined e-voting process for shareholders holding securities in demat mode with CDSL and NSDL.
   • Shareholders can log in using their existing credentials or register for e-voting through the respective depository websites.
   • E-voting is available from 22nd July 2024 to 25th July 2024.

2. Shareholder Participation:

   • The company emphasizes increasing participation from public non-institutional and retail shareholders through a single login credential for e-voting.
   • Shareholders are encouraged to update their mobile numbers and email IDs in their demat accounts for seamless access to e-voting.

3. Regulatory Compliance:

   • The company adheres to SEBI regulations, ensuring that all shareholders' resolutions are subject to remote e-voting facilities.
   • The resolutions will be deemed passed on the date of the meeting, 26th July 2024, subject to requisite votes.

4. Convenience and Security:

   • The e-voting system is designed to enhance ease and convenience, providing seamless authentication and secure voting processes.
   • Shareholders can cast their votes without needing to register again with e-voting service providers.

These highlights indicate that Lloyds Engineering Works Limited is committed to regulatory compliance, shareholder engagement, and leveraging technology to facilitate shareholder participation. This could be a positive indicator for potential investors like Person X.Based on the provided text, here are the key highlights of the company:

1. E-Voting and Virtual Meeting Access:

   • The company provides detailed instructions for shareholders to participate in e-voting and virtual meetings.
   • Different login methods are available for shareholders holding securities in demat mode with CDSL and NSDL, as well as for physical shareholders.

2. Technical Support:

   • Dedicated helpdesk support is available for shareholders facing technical issues with login, specific to CDSL and NSDL.

3. User Authentication:

   • Shareholders need to enter their User ID, PAN, and other verification details to log in and participate in e-voting.
   • Instructions are provided for those who have not updated their PAN with the company or depository participant.

4. Multiple Access Points:

   • Shareholders can access the e-voting system through the e-voting website or through their depository participant's login credentials.

These highlights indicate that the company has a robust system in place for shareholder engagement and voting, ensuring transparency and ease of access for investors. This could be a positive indicator for potential investors like person X, as it reflects the company's commitment to good governance and shareholder communication.Key Highlights of Lloyds Engineering Works Limited (30th Annual Report 2023-24):

1. E-Voting Process:

   • Detailed instructions provided for shareholders to participate in e-voting.
   • Separate procedures for shareholders holding shares in physical form and demat form.
   • Emphasis on confidentiality and security of login credentials and passwords.

2. Non-Individual Shareholders:

   • Specific guidelines for non-individual shareholders (e.g., corporations, custodians) to register and vote.
   • Requirement to submit scanned copies of registration forms, board resolutions, and power of attorney for verification.

3. Unregistered Email Addresses:

   • Process outlined for shareholders whose email addresses are not registered with depositories to obtain login credentials for e-voting.
   • Instructions for both physical and demat shareholders to provide necessary identification details.

4. Security Measures:

   • Strong recommendation to keep passwords confidential and not share them with others.
   • Multiple verification steps to ensure secure voting.

5. User-Friendly Voting:

   • Clear steps for casting votes, including options to confirm or modify votes before final submission.
   • Option to print voting records for personal documentation.

These highlights indicate a well-structured and secure e-voting process, ensuring shareholder participation and transparency in decision-making. This could be a positive indicator for potential investors like Person X, showcasing the company's commitment to good governance practices.### Key Highlights of the Company:

1. AGM and E-Voting:

   • The company provides detailed instructions for attending the Annual General Meeting (AGM) and e-voting through the CDSL e-Voting System.
   • Members can attend the AGM via Video Conferencing (VC) or Other Audio-Visual Means (OAVM) by registering their email IDs with the company.

2. Investor Grievance Redressal:

   • The company has designated specific email IDs for investors to register complaints.
   • SEBI has established an Online Dispute Resolution (ODR) Portal for resolving disputes in the Indian Securities Market.

3. Director’s Appointment/Re-appointment:

   • Details regarding the appointment or re-appointment of directors are provided in compliance with SEBI regulations and Secretarial Standards.

4. Accessibility of AGM Notice:

   • The AGM notice is available on the company’s website and can also be accessed from the websites of BSE Limited, National Stock Exchange Limited, and CDSL.

5. Support and Contact Information:

   • The company provides multiple contact points for assistance with e-voting and AGM participation, including email addresses and phone numbers.

These highlights indicate that the company is committed to transparency, regulatory compliance, and investor support, which are positive signs for potential investors.### Key Highlights of Lloyds Engineering Works Limited

1. Experienced Leadership:

   • Mr. Rajashekhar Mallikarjun Alegavi: Non-Executive Director with 47 years of experience in chemical engineering, design, manufacturing, and commissioning of chemical equipment. He has held significant positions in various engineering industries and has been with Lloyds Group for over a decade.
   • Mr. Devidas Kashinath Kambale: Independent Director with over 30 years of experience in the banking sector, specializing in project monitoring, recovery, and priority sector departments. He holds advanced degrees in financial management and commerce.

2. Board and Committee Participation:

   • Mr. Alegavi attended 12 out of 13 board meetings in the financial year 2023-24, indicating active participation.
   • Mr. Alegavi is the Chairman of the Risk Management Committee of the company.

3. Governance and Independence:

   • Both directors have no directorships or committee memberships in other listed companies, ensuring focused governance.
   • There are no inter-se relationships between the directors, ensuring independence in decision-making.

4. Non-Executive and Independent Roles:

   • Mr. Alegavi serves as a Non-Executive Director, liable to retire by rotation.
   • Mr. Kambale is an Independent Director, with approval for continuation after attaining the age of 75 years from June 1, 2026.

5. No Shareholding:

   • Neither Mr. Alegavi nor Mr. Kambale holds any shares in the company, ensuring unbiased governance.

Summary for Investment Consideration

Lloyds Engineering Works Limited boasts a highly experienced leadership team with extensive backgrounds in engineering and financial management. The active participation of directors in board meetings and their roles in key committees highlight strong governance practices. The independence of directors and lack of shareholding ensure unbiased decision-making. These factors collectively suggest a stable and well-governed company, making it a potentially attractive investment opportunity.### Key Highlights of Lloyds Engineering Works Limited:

1. Leadership and Governance:

   • Mr. Devidas Kashinath Kambale: Appointed as an Independent Director starting from 6th March 2024 to 30th September 2028. He is independent of other directors and holds no shares in the company.
   • Mr. Lakshman Ananthsubramanian: Reappointed for a second term as an Independent Director from 24th January 2025 to 23rd January 2030. He has extensive experience in banking and project appraisal, having served at RBI and IDBI.

2. Board Meetings:

   • Mr. Lakshman Ananthsubramanian attended 12 out of 13 board meetings in the financial year 2023-24, indicating active participation and commitment.

3. Remuneration:

   • Both directors are entitled to sitting fees but do not receive any stock options or other forms of remuneration.

4. Corporate Governance:

   • The company adheres to good corporate governance practices, as indicated by the detailed reporting and compliance with statutory requirements.

5. Company Secretary:

   • Rahima Shabbir Shaikh serves as the Company Secretary and Compliance Officer, ensuring regulatory compliance and corporate governance.

Investment Consideration:

• Experienced Leadership: The board includes highly experienced professionals with significant expertise in banking and project appraisal.
• Active Participation: High attendance in board meetings suggests strong governance and active oversight.
• Good Corporate Governance: Adherence to statutory requirements and transparent reporting practices.

These factors suggest that Lloyds Engineering Works Limited is well-governed and led by experienced professionals, making it a potentially sound investment.### Key Highlights of Lloyds Engineering Works Limited:

1. Re-appointment of Cost Auditors:

   • M/s. Manisha & Associates have been re-appointed as Cost Auditors for the financial year ending March 31, 2025.
   • The remuneration for the Cost Auditors is set at Rs. 45,000 plus applicable taxes and expenses.
   • The re-appointment and remuneration need to be ratified by the shareholders.

2. Continuation of Non-Executive Director:

   • Mr. Rajashekhar Mallikarjun Alegavi, a Non-Executive Director, will continue his directorship after attaining the age of 75 on April 24, 2025.
   • Mr. Alegavi has 47 years of experience in chemical engineering and has been with the company since 2019.
   • His extensive experience in design, manufacturing, and engineering is considered beneficial for the company.

3. Approval of Fees for Non-Executive Directors:

   • As per SEBI regulations, any fees or compensation (excluding sitting fees) paid to non-executive directors require shareholder approval.
   • Mr. Alegavi, in addition to his role as a Non-Executive Director, provides technical consultancy services to the company.

Investment Consideration:

• Experienced Leadership: The company benefits from the extensive experience of Mr. Alegavi, particularly in engineering and technical consultancy.
• Regulatory Compliance: The company adheres to regulatory requirements, ensuring transparency and good governance.
• Cost Management: The re-appointment of cost auditors indicates a focus on maintaining accurate cost accounting records.

These highlights suggest that Lloyds Engineering Works Limited is committed to strong governance and benefits from experienced leadership, which could be positive indicators for potential investors.### Key Highlights for Investment Consideration:

1. Technical Consultancy Fees Approval:

   • The company seeks shareholder approval for paying Rs. 1 Crore as technical consultancy fees to Mr. Rajashekhar Mallikarjun Alegavi, a Non-Executive Director.
   • This transaction has already been approved by the Audit Committee and Board of Directors, ensuring compliance with Section 188 of the Companies Act, 2013, and Regulation 17 of SEBI (LODR) Regulations, 2015.

2. Experienced Leadership:

   • Mr. Devidas Kashinath Kambale:
     • Appointed as an Independent Director with a term from March 6, 2023, to September 30, 2028.
     • Holds a Master's in Financial Management and is a certified banker (CAIIB).
     • Over 30 years of experience in the banking sector, including senior roles at IDBI.
     • Expertise in project monitoring, recovery, corporate debt restructuring, and priority sector departments.
     • The Board has approved his continuation after he attains the age of 75, highlighting his value to the company.

3. Re-appointment of Independent Director:

   • Mr. Lakshman Ananthsubramanian:
     • Currently serving as a Non-Executive Independent Director, with his first term ending on January 23, 2025.
     • Eligible for re-appointment for another five-year term.
     • Highly rated in performance evaluations by other Independent Directors.
     • The Board and Nomination and Remuneration Committee (NRC) have expressed satisfaction with his performance and recommend his re-appointment.

Summary:

The company demonstrates strong governance and compliance with regulatory requirements. It has a robust leadership team with extensive experience in finance and banking, which is crucial for strategic decision-making and company growth. The re-appointment and continuation of experienced directors indicate stability and confidence in the company's future prospects. These factors make the company a potentially attractive investment opportunity.### Key Highlights of Lloyds Engineering Works Limited:

1. Leadership and Governance:

   • Re-appointment of Mr. Lakshman Ananthsubramanian: The company has decided to re-appoint Mr. Lakshman Ananthsubramanian as a Non-Executive Independent Director for a second term of five years (2025-2030). His extensive experience in banking and project appraisal is seen as a valuable asset to the company.

2. Regulatory Compliance:

   • SEBI Listing Regulations: The company adheres to the SEBI Listing Regulations, ensuring transparency and independence in its governance.

3. Related Party Transactions:

   • Lloyds Metals and Energy Limited: The company has entered into significant transactions with Lloyds Metals and Energy Limited, a related party. The aggregate limit for these transactions has been increased to Rs. 2000 Crore for the financial year 2024-25, indicating substantial business activity and potential growth.

4. Financial Oversight:

   • Audit Committee Approval: The related party transactions have been approved by the Audit Committee, ensuring that they are conducted at arm's length and are in the best interest of the company.

Summary for Investment Consideration:

Lloyds Engineering Works Limited demonstrates strong governance with experienced leadership, compliance with regulatory standards, and significant business transactions indicating growth potential. The re-appointment of a seasoned professional like Mr. Lakshman Ananthsubramanian and the substantial increase in related party transaction limits suggest a stable and expanding business environment, making it a potentially attractive investment opportunity.### Key Highlights for Investment Consideration:

1. Related Party Transaction (RPT) with LMEL:

   • Parties Involved: Lloyds Metals and Energy Limited (LMEL) and Lloyds Engineering Works Limited (LEWL).
   • Key Person: Mr. Mukesh R. Gupta, Chairman and Whole-Time Director of LEWL, holds more than 2% in LMEL.

2. Nature and Scope of Transaction:

   • Type: Sale/Purchase of Supply and Services.
   • Value: ₹2000 Crore annually.
   • Terms: Transactions are in the normal course of business with industry-standard terms and conditions.

3. Financial Impact:

   • LEWL's Turnover: The transaction represents approximately 321% of LEWL's annual consolidated turnover for the preceding financial year.
   • LMEL's Turnover: The transaction represents approximately 30.67% of LMEL's annual consolidated turnover.

4. Strategic Benefits:

   • Expertise Utilization: LEWL aims to leverage its engineering expertise to support group companies, enhancing operational capacities and productivity.
   • Mutual Synergies: The transactions are expected to bring mutual benefits and synergies, fostering growth and excellence within the group.

5. Valuation and Justification:

   • Arm’s Length Testing: All contracts are reviewed internally for arm’s length compliance.
   • Resource Optimization: The transaction is justified by the better use of resources within the group, ensuring uninterrupted operations and increased productivity.

6. No Financial Indebtedness:

   • No loans, inter-corporate deposits, advances, or investments are involved in this transaction.

Summary:

The proposed RPT between LEWL and LMEL involves significant annual transactions valued at ₹2000 Crore, representing a substantial portion of both companies' turnovers. The transactions are strategically beneficial, leveraging LEWL's engineering expertise to support group expansion and operational efficiency. All contracts are reviewed for compliance, ensuring fair and industry-standard terms. No additional financial indebtedness is incurred for these transactions.Key Highlights of Lloyds Engineering Works Limited (30th Annual Report 2023-24):

1. Related Party Transactions:

   • The company plans to enter into transactions with Lloyds Enterprises Limited (LEL), a related party and one of its promoters.
   • The transactions involve the procurement of steel or other raw materials required for the company's ordinary business operations.
   • The total value of these transactions is capped at Rs. 100 Crore per financial year.

2. Regulatory Compliance:

   • The proposed transactions require prior approval from the company's members through an ordinary resolution, as the transaction value exceeds 10% of the company's annual consolidated turnover.
   • Related parties are not allowed to vote on the resolution approving these transactions.

3. Board and Audit Committee Approval:

   • The Board of Directors approved the transaction value of Rs. 100 Crore in a meeting held on 2nd May 2024, following the recommendation of the Audit Committee.

4. Transparency and Governance:

   • No directors or key managerial personnel (KMP) are related to LEL.
   • The transactions are stated to be in the normal course of business with industry-standard terms and conditions.

These highlights indicate that Lloyds Engineering Works Limited is engaging in significant related party transactions with proper regulatory and governance measures in place, which could be a positive sign for potential investors like Person X.### Key Highlights of Lloyds Engineering Works Limited:

1. Proposed Transaction Impact:

   • The proposed transaction represents approximately 16.5% of Lloyds Engineering’s annual consolidated turnover for the preceding financial year.
   • For the counter-party, Lloyds Enterprises Limited, the transaction represents about 10.5% of its annual consolidated turnover, which is around Rs. 95,843.74 Lakh for FY 2023-24.

2. Benefits of the Transaction:

   • The transaction aims to leverage niche skills and capabilities within the group.
   • It ensures a consistent flow of quality and quantity of various facilities, leading to uninterrupted operations and increased productivity.

3. Valuation and Justification:

   • All related party contracts are reviewed internally for arm’s length testing.
   • The transaction is justified as it promotes better use of resources within the group, enhancing operational efficiency and productivity.

4. Financial Indebtedness:

   • No loans, inter-corporate deposits, advances, or investments are involved in this transaction.
   • No financial indebtedness is incurred for this purpose.

5. Governance and Approval:

   • The transaction has been recommended by the Audit Committee and Board of Directors.
   • No related party will vote to approve this resolution, ensuring unbiased decision-making.
   • The Board recommends the approval of this transaction by the members.

6. Corporate Governance:

   • The resolution is signed and recommended by Rahima Shabbir Shaikh, Company Secretary and Compliance Officer, on 2nd May 2024.

Summary for Investment Consideration:

Lloyds Engineering Works Limited is engaging in a significant transaction that leverages internal group capabilities to enhance productivity and operational efficiency. The transaction has been thoroughly reviewed and recommended by the company's governance bodies, ensuring transparency and strategic alignment. This could be a positive indicator for potential investors looking for a company with strong internal synergies and governance practices.### Key Highlights of Lloyds Engineering Works Limited (2023-24)

1. Company Name Change:

   • The company changed its name from Lloyds Steels Industries Limited to Lloyds Engineering Works Limited on 25th July, 2023.

2. Financial Performance:

   • Income from Operations: Increased from Rs. 31,260.98 Lakh in 2022-23 to Rs. 62,423.61 Lakh in 2023-24.
   • Total Income: Grew from Rs. 31,840.61 Lakh in 2022-23 to Rs. 63,167.61 Lakh in 2023-24.
   • Profit Before Tax (PBT): Increased from Rs. 4,921.95 Lakh in 2022-23 to Rs. 10,022.19 Lakh in 2023-24.
   • Profit for the Year: Rose from Rs. 3,682.31 Lakh in 2022-23 to Rs. 7,983.83 Lakh in 2023-24.
   • Total Comprehensive Income: Increased from Rs. 3,714.38 Lakh in 2022-23 to Rs. 8,013.54 Lakh in 2023-24.

3. Performance Growth:

   • Revenue Growth: Approximately 100% increase from Rs. 312.61 Crore in 2022-23 to Rs. 624.24 Crore in 2023-24.
   • EBITDA Growth: Approximately 87% increase from Rs. 14.46 Crore in 2022-23 to Rs. 58.04 Crore in 2023-24.
   • PBT Growth: Approximately 104% increase from Rs. 49.22 Crore in 2022-23 to Rs. 100.22 Crore in 2023-24.

4. Change in Promoters:

   • Name Change: Shree Global Tradefin Limited changed its name to Lloyds Enterprises Limited on 6th September, 2023.
   • Merger: Ragini Trading & Investments Limited merged with Lloyds Enterprises Limited.
   • Release of Pledged Shares: Significant release of pledged shares from various promoters, including:
     • Lloyds Enterprises Limited: 96,86,386 shares
     • Mukesh R. Gupta: 7,095 shares
     • Renu R. Gupta: 68,680 shares
     • Abha M. Gupta: 7,514 shares
     • Late Chitralekha R. Gupta: 22,172 shares
     • Rajesh R. Gupta: 61,438 shares

Summary for Investment Consideration:

Lloyds Engineering Works Limited has demonstrated significant financial growth and stability in the fiscal year 2023-24, with a notable increase in revenue, profit, and comprehensive income. The company has also undergone strategic changes, including a name change and restructuring of its promoters, which could indicate a positive outlook for future growth. These factors make it a potentially attractive investment opportunity.### Key Highlights for Investment Consideration:

1. Debt-Free Status: The company boasts a net debt-free balance sheet, enhancing its financial stability and growth quality.

2. Strong Order Book: The order book has expanded significantly to Rs. 904.32 Crore, a 32.42% YoY growth, indicating robust client trust and confidence.

3. Sector Diversification: The order book is well-diversified across various sectors, including promising growth in the Marine and Navy segments.

4. Technological Tie-Ups: Strategic agreements with The Material Works Ltd. (USA) and TB Global Technologies Ltd. (Japan) are enhancing the company's engineering product and solutions portfolio.

5. Defence Sector Momentum: Secured fresh orders worth Rs. 81 Crore from the Navy, reflecting positive momentum and strengthening market position in the Defence sector.

6. Future Growth Outlook: The company is systematically enhancing and modernizing its capacities, aiming for higher growth in the coming years, supported by a promising order book.

7. Dividend: The Board recommends a final dividend of Rs. 0.20 per equity share, reflecting confidence in the company's performance and commitment to shareholder returns.

8. Corporate Responsibility: Focus on building a strong reputation as a responsible corporate citizen, enhancing brand value and stakeholder relationships.

These highlights suggest a stable and growth-oriented company with a strong financial foundation, diversified order book, and strategic technological advancements, making it a potentially attractive investment opportunity.Key Highlights of Lloyds Engineering Works Limited (30th Annual Report 2023-24):

1. Increase in Share Capital:

   • The paid-up equity share capital increased to Rs. 1,14,46,29,492 as of 31st March 2024.

2. Convertible Warrants:

   • 16,50,00,000 convertible warrants were issued in November 2021.
   • 9,00,00,000 warrants converted into equity shares in May 2022.
   • Remaining 7,50,00,000 warrants converted into equity shares in May 2023.

3. Optionally Fully Convertible Debentures (OFCDs):

   • 1,51,80,000 OFCDs issued in January 2022.
   • Converted into equity shares in July 2023.

4. Employee Stock Option Plan (ESOP):

   • First allotment of 20,000 equity shares in October 2023.
   • Second allotment of 22,66,500 equity shares in March 2024.

5. Rights Issue of Shares:

   • 6,34,64,610 equity shares allotted in January 2024 at an issue price of Rs. 15.50 per share.

These activities indicate a significant increase in the company's equity base, reflecting potential growth and expansion opportunities.### Key Highlights of the Company:

1. Diversification of Business:

   • The company has expanded its operations from engineering to include civil engineering activities, effective from September 7, 2023. This diversification aims to enhance operational efficiency and profitability.

2. Investment in Subsidiary:

   • Initially invested in 10,00,00,000 equity shares of Lloyds Infrastructure and Construction Limited (LICL), holding a 50% stake.
   • The stake was reduced to 12.25% by the end of FY 2023-24, resulting in LICL no longer being an associate entity.

3. Financial Stability:

   • No material changes or commitments have affected the financial position of the company between the end of the financial year and the date of the report.

4. Employee Stock Option Plan (ESOP):

   • Implemented the Lloyds Steels Industries Limited Employee Stock Option Plan – 2021, approved in January 2022.
   • Granted 1,00,61,000 options to eligible employees at an exercise price of Rs. 7.50 per option.
   • Completed the first and second vesting schedules, allotting a total of 22,86,500 equity shares to eligible employees.

5. No Public Deposits:

   • The company has not invited or accepted any public deposits.

6. Regulatory Compliance:

   • The company has adhered to SEBI regulations, including the Business Responsibility and Sustainability Report and the Management Discussion and Analysis Report.

These highlights indicate a company that is diversifying its business, maintaining financial stability, and investing in its employees, making it a potentially attractive investment opportunity.### Key Highlights of Lloyds Engineering Works Limited (30th Annual Report 2023-24):

1. Employee Stock Option Plan (ESOP):

   • Issued 32,52,200 Employee Stock Options at an exercise price of Rs. 9.50 per option.
   • Approved by shareholders and received in-principle approval from stock exchanges.

2. Regulatory Compliance:

   • Certificates from auditors confirming compliance with SEBI regulations are available for inspection.

3. Board of Directors Changes:

   • Resignation: Mr. Satyendra Narain Singh resigned as Independent Director.
   • Reappointment: Mr. Rajashekhar Mallikarjun Alegavi reappointed as Non-Executive Director.
   • New Appointments:
     • Mr. Lakshman Ananthsubramanian reappointed as Independent Director for a second term (2025-2030).
     • Mr. Shreekrishna Mukesh Gupta appointed as Whole Time Director (2024-2028).
     • Mr. Devidas Kashinath Kambale appointed as Independent Director (2024-2028).

4. Company Secretary and Compliance Officer:

   • Resignation of Mrs. Meenakshi Ankit Pansari from the position.

These highlights indicate active management and compliance with regulatory standards, which could be positive indicators for potential investment.### Key Highlights of the Company:

1. Leadership and Governance:

   • Appointment of Company Secretary: Ms. Rahima Shabbir Shaikh was appointed as the Company Secretary and Compliance Officer on 11th August, 2023. She meets all the necessary qualifications for the role.
   • Board of Directors: The Board reappointed Independent Directors who possess integrity, relevant expertise, and experience, as verified by the Indian Institute of Corporate Affairs.

2. Investment and Divestment:

   • Lloyds Infrastructure and Construction Limited (LICL): The company initially held a 50% stake in LICL, which was reduced to 12.25% by the end of the financial year 2023-24. Consequently, LICL ceased to be an associate entity of the company.

3. Board Meetings:

   • Frequency and Purpose: A total of 13 Board Meetings were held during the financial year 2023-24, covering various purposes such as financial results, conversion of warrants, issuance of rights shares, and employee stock option plans.

4. Corporate Governance:

   • Compliance: The company has complied with all mandatory provisions of Corporate Governance as per SEBI regulations. A detailed Corporate Governance Report, along with a certificate from the Statutory Auditors, is included in the Annual Report.

These highlights indicate a well-governed company with strategic investments and a strong focus on compliance and corporate governance, making it a potentially attractive investment opportunity for Person X.### Key Highlights of Lloyds Engineering Works Limited (30th Annual Report 2023-24)

1. Board and Committee Performance Evaluation:

   • Annual performance evaluation conducted for the Board, its committees, and individual directors.
   • Independent Directors reviewed the performance of Non-Independent Directors, the Board, and the Managing Director.

2. Independent Directors:

   • Independent Directors met on 23rd January 2024 to review various aspects of the Board's performance.
   • All Independent Directors declared they meet the criteria of independence as per the Companies Act, 2013 and SEBI regulations.
   • Familiarization programs for Independent Directors are in place, though no new programs were needed this year due to no changes in business nature.

3. Directors’ Responsibility Statement:

   • Compliance with applicable accounting standards.
   • Consistent application of accounting policies and prudent estimates.
   • Adequate maintenance of accounting records and safeguarding of company assets.
   • Annual accounts prepared on a 'going concern' basis.
   • Effective internal financial controls and compliance systems in place.

4. Energy Conservation and Technology:

   • Information on energy conservation, technology absorption, and foreign exchange earnings and outgo is provided in Annexure D of the report.

5. Annual Return:

   • The Annual Return is available on the company's website.

6. Company Policies:

   • Various policies formulated and updated in accordance with SEBI and Companies Act regulations.
   • Policies are available on the company's website and are reviewed periodically.

Investment Consideration

Lloyds Engineering Works Limited demonstrates strong governance practices, effective performance evaluations, and compliance with regulatory requirements. The company maintains robust internal controls and has a clear focus on energy conservation and technology. These factors suggest a well-managed and transparent organization, making it a potentially attractive investment opportunity.### Key Highlights for Investment Consideration:

1. Strong Governance Framework:

   • Whistle Blower Policy: Encourages reporting of unethical behavior and fraud.
   • Code of Conduct: High ethical standards for directors and senior management.
   • Insider Trading Policies: Robust framework to prevent and manage insider trading.

2. Regulatory Compliance:

   • Related Party Transactions: Strict regulation of transactions with related parties.
   • Document Preservation: Ensures retention of corporate records.
   • Materiality of Events: Clear guidelines for disclosing significant events.

3. Risk Management:

   • Risk Management Policy: Identifies and mitigates risks threatening the company's existence.

4. Financial Transparency:

   • Dividend Distribution Policy: Clear guidelines on dividend distribution.
   • Payment Criteria for Non-Executive Directors: Transparent criteria for director remuneration.

5. Corporate Social Responsibility (CSR):

   • CSR Policy: Active engagement in social responsibility initiatives.

6. Nomination and Remuneration:

   • Policy for Directors and Key Personnel: Criteria for appointment, removal, and remuneration.

Conclusion:

The company demonstrates a strong commitment to ethical practices, regulatory compliance, risk management, and social responsibility. These factors collectively create a stable and transparent environment, making it a potentially attractive investment opportunity for Person X.Key Highlights of Lloyds Engineering Works Limited (30th Annual Report 2023-24):

1. Auditors and Reports:

   • Statutory Auditor: M/s. S Y Lodha and Associates appointed for a five-year term until 2027.
   • Audit Report: No frauds reported; the report is devoid of any reservations, qualifications, or adverse remarks.
   • Secretarial Auditor: Mr. Mitesh J Shah Associates appointed for the financial year 2024-25.
   • Secretarial Audit Report: No reservations, adverse remarks, or qualifications.
   • Cost Auditor: M/s. Manisha & Associates re-appointed for the financial year 2024-25; no disqualifications reported.
   • Cost Audit Report: Compliance with required provisions; timely filing with the Ministry of Corporate Affairs.

2. Fraud Reporting:

   • No instances of fraud reported by Statutory, Cost, or Secretarial Auditors.

3. Personnel and Employee Details:

   • Disclosures on remuneration and other details are annexed in the report.

4. Loans, Investments, and Guarantees:

   • Details of loans and advances given during the financial year 2023-24 are included in the financial statements.

5. Related Party Transactions:

   • All transactions were conducted at arm's length and approved by the Audit Committee.

These highlights indicate a strong compliance framework, transparent financial practices, and no reported frauds, making Lloyds Engineering Works Limited a potentially stable investment opportunity.### Key Highlights of the Company:

1. Related Party Transactions:

   • The company has disclosed all related party transactions and has a policy in place for dealing with such transactions, accessible on their website.

2. Listing and Trading:

   • The company's equity shares are actively traded on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Listing fees for FY 2023-24 have been paid.

3. Dematerialization of Shares:

   • As of March 31, 2024, 99.31% of the company's equity shares are dematerialized.

4. Workplace Compliance:

   • No cases of sexual harassment were reported during the year. The company complies with the internal complaints committee requirements.

5. Internal Financial Controls:

   • Adequate internal financial controls are in place, with no material weaknesses reported.

6. Secretarial Standards:

   • The company complies with Revised Secretarial Standards 1 and 2.

7. Fund Utilization:

   • Funds raised through preferential allotment and a rights issue were utilized as intended. The rights issue was fully subscribed, raising Rs. 9837.01 Lakh.

8. General Disclosures:

   • No equity shares with differential rights were issued.
   • No significant orders from regulators or courts impacting the company's operations.
   • No fraud reported by auditors.
   • No insolvency or bankruptcy proceedings.
   • No subsidiaries during FY 2023-24.

These highlights indicate a well-regulated and compliant company with strong financial controls and active trading on major stock exchanges, making it a potentially attractive investment opportunity.Key Highlights of Lloyds Engineering Works Limited (30th Annual Report 2023-24):

1. Corporate Governance: The company has a detailed Corporate Governance Report, indicating a strong commitment to transparency and ethical business practices.

2. Management Discussion and Analysis: This section provides insights into the company's performance, market conditions, and future outlook, which are crucial for potential investors.

3. Business Responsibility: The Business Responsibility Report highlights the company's dedication to sustainable and responsible business operations.

4. Energy Conservation and Technology: The company is focused on energy conservation, technology absorption, and has reported on foreign exchange earnings and outgo, showcasing its global business activities.

5. Employee Details: Annexure F provides detailed information about the company's personnel, indicating a focus on human resources and employee welfare.

6. Corporate Social Responsibility (CSR): The company is actively involved in CSR activities, reflecting its commitment to social and community development.

7. Compliance and Audits: The report includes a Secretarial Auditors Report and a Compliance Certificate under ESOP, ensuring adherence to regulatory requirements and best practices.

8. Acknowledgements: The company acknowledges the support from government authorities, financial institutions, banks, customers, vendors, and employees, indicating strong relationships and a supportive business environment.

Conclusion: Lloyds Engineering Works Limited demonstrates strong corporate governance, a commitment to sustainability, active CSR involvement, and robust compliance practices. These factors make it a potentially attractive investment opportunity for person X.### Key Highlights of the Company for Potential Investment:

1. Strong Corporate Governance:

   • The company adheres to the highest standards of transparency, accountability, and equity.
   • Compliance with SEBI's Code of Corporate Governance and Listing Regulations.

2. Board Composition:

   • The Board consists of nine members, including a mix of executive and non-executive directors.
   • Five out of nine directors are independent, ensuring unbiased decision-making.
   • The Chairman is a Whole Time Director from the promoter category, indicating strong leadership.

3. Active Board Participation:

   • High attendance at board meetings, with most directors attending all or nearly all meetings.
   • Active participation in the Annual General Meeting (AGM).

4. Experienced Leadership:

   • Directors hold positions in other companies, bringing diverse experience and expertise.
   • The Chairman, Mukesh Rajnarayan Gupta, has significant shareholding (7512 shares), indicating vested interest in the company's success.

5. Regulatory Compliance:

   • The company is in compliance with all applicable corporate governance requirements for the financial year 2023-24.

These highlights suggest a well-governed company with experienced leadership and a strong commitment to transparency and accountability, making it a potentially attractive investment opportunity.### Key Highlights of Lloyds Engineering Works Limited (30th Annual Report 2023-24):

1. Board Composition and Attendance:

   • The company held 13 board meetings during the fiscal year 2023-24.
   • Key directors include Mr. Rajashekhar M. Alegavi (Non-Executive Director), Mr. Shreekrishna Mukesh Gupta (Whole Time Director), and Mr. Devidas Kashinath Kambale (Independent Director).

2. Director Appointments:

   • Mr. Shreekrishna Mukesh Gupta was appointed as a Whole Time Director starting from March 6, 2024, to September 30, 2028.
   • Mr. Devidas Kashinath Kambale was appointed as an Independent Director for the same term.

3. Directorships and Committee Memberships:

   • Directors hold various positions in other companies, but none exceed regulatory limits on committee memberships and chairmanships.
   • Mr. Mukesh Rajnarayan Gupta is a Non-Executive Non-Independent Director & Chairman at Lloyds Metals and Energy Limited.
   • Mr. Shreekrishna Mukesh Gupta holds a similar position at Lloyds Luxuries Limited.

4. Regulatory Compliance:

   • The company complies with SEBI regulations regarding the number of directorships and committee memberships held by its directors.

5. Family Relationships:

   • Mr. Shreekrishna Mukesh Gupta is the son of Mr. Mukesh Rajnarayan Gupta, the Chairman and Whole Time Director of the company.

6. Transparency and Governance:

   • The company maintains transparency by making director profiles available on its website.
   • Regular updates are provided to the board as per SEBI regulations.

Investment Consideration:

Lloyds Engineering Works Limited demonstrates strong governance practices, regulatory compliance, and a stable leadership structure with experienced directors. The familial relationship between key directors may indicate a closely-knit management team, which can be both a strength and a potential risk. Overall, the company appears to be well-managed and transparent, making it a potentially sound investment.### Key Highlights of the Company:

1. Compliance and Governance:

   • The company has a robust compliance framework, adhering to the Code of Conduct for both Executive and Non-Executive Directors.
   • Regular confirmations of compliance have been received from all directors and senior management personnel.
   • The Codes of Conduct are publicly accessible on the company's website.

2. Board Meetings:

   • The Board met 13 times during the financial year ending March 31, 2024, ensuring regular oversight and strategic discussions.
   • Meetings were held both in-person and via video conferencing, complying with the Companies Act, 2013, and SEBI regulations.
   • The maximum gap between two consecutive meetings did not exceed 120 days, indicating consistent governance.

3. Board Expertise:

   • The Board comprises individuals with diverse skills, including analytical skills, sales and business development, financial expertise, law and policies, and public relations.
   • Key directors like Mr. Mukesh Rajnarayan Gupta and Mr. Shreekrishna Mukesh Gupta possess comprehensive expertise across all identified core skills.
   • The Board includes independent directors and a woman director, ensuring a balanced and inclusive governance structure.

4. Recent Appointments:

   • Mr. Shreekrishna Mukesh Gupta was appointed as a Whole Time Director starting from March 6, 2024, with his term extending until September 30, 2028, following member approval via postal ballot.

Investment Consideration:

The company demonstrates strong governance practices, regular and strategic board meetings, and a diverse and skilled board of directors. These factors suggest a well-managed company with a solid foundation for sustainable growth, making it a potentially attractive investment opportunity.### Key Highlights of Lloyds Engineering Works Limited (30th Annual Report 2023-24)

1. Board Changes:

   • Appointment: Mr. Devidas Kashinath Kambale was appointed as an Additional Director (Non-Executive Independent Category) on 6th March 2024, and his appointment as an Independent Director was approved until 30th September 2028.
   • Resignation: Mr. Satyendra Narain Singh resigned from his position as Independent Director on 18th April 2023, citing age and a desire to focus on family and health.

2. Independent Directors:

   • The company ensures compliance with the independence criteria as per the Companies Act, 2013, and SEBI regulations.
   • A familiarization program is conducted for new Independent Directors to acquaint them with the company's operations, roles, and responsibilities.

3. Board Committees:

   • The company has several key committees to strengthen corporate governance:
     • Audit Committee: Oversees financial reporting, recommends auditor appointments, reviews financial statements, and ensures internal control systems.
     • Nomination and Remuneration Committee
     • Stakeholder Relationship Committee
     • Corporate Social Responsibility Committee
     • Risk Management Committee

4. Audit Committee Responsibilities:

   • Ensures true and fair financial reporting.
   • Recommends auditor appointments and fees.
   • Reviews quarterly financial statements and internal control systems.
   • Discusses significant findings with internal and statutory auditors.

These highlights indicate a strong focus on corporate governance, compliance, and financial integrity, which are positive indicators for potential investors.### Key Highlights of the Company:

1. Audit Committee:

   • Composition: Chaired by Mr. Kishore Kumar Mohanlal Pradhan, with members Mr. Lakshman Ananthsubramanian and Mrs. Bela Sundar Rajan.
   • Meetings: Held four times during the year on 27th April, 7th August, 20th October, and 23rd January.
   • Attendance: Mr. Pradhan and Mr. Ananthsubramanian attended all meetings, while Mrs. Rajan attended two.
   • Key Functions: Scrutiny of corporate loans, approval of related party transactions, valuation of company assets, monitoring fund usage from public offers, and reviewing the whistleblower policy.
   • Recommendations: All recommendations by the Audit Committee were accepted and implemented by the Board.

2. Nomination and Remuneration Committee:

   • Composition: Chaired by Mr. Lakshman Ananthsubramanian, with members Mrs. Bela Sundar Rajan and Mr. Ashok Tandon.
   • Meetings: Held four times during the year on 27th April, 7th August, 20th October, and 6th March.
   • Attendance: Mr. Ananthsubramanian and Mr. Tandon attended all meetings, while Mrs. Rajan attended two.
   • Key Functions: Administration of the Lloyds Steels Industries Limited Employee Stock Option Plan – 2021 (LLOYDS STEELS ESOP -2021), recommending and reviewing remuneration for directors and key managerial personnel, and conducting annual evaluations of the Board, its committees, and individual directors.

3. Governance and Compliance:

   • The company adheres to the provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 and the Companies Act 2013.
   • The company has a robust framework for monitoring the end use of funds raised through public offers.
   • The company has a whistleblower policy in place, which is reviewed by the Audit Committee.

4. Leadership Changes:

   • Mr. Satyendra Narain Singh resigned from his position as Independent Director and Chairman of the Audit Committee on 18th April, 2023.
   • Mr. Kishore Kumar Pradhan was appointed as the new Chairman of the Audit Committee on 27th April, 2023.
   • Mr. A. Lakshman was appointed as the Chairman of the Nomination and Remuneration Committee following Mr. Singh's resignation.

Summary for Investment Consideration:

The company demonstrates strong governance practices with active and well-attended committee meetings. The Audit and Nomination & Remuneration Committees are composed of experienced members who ensure compliance with regulatory requirements and oversee critical financial and operational aspects. The company has a clear remuneration policy and conducts regular evaluations of its board and committees. Recent leadership changes have been managed smoothly, indicating stability and continuity in governance. These factors suggest a well-managed company with a focus on compliance and strategic oversight, making it a potentially attractive investment opportunity.Key Highlights of Lloyds Engineering Works Limited (30th Annual Report 2023-24):

1. Board and Committees:

   • The Board and its Committees, including the Nomination and Remuneration Committee, Stakeholders' Relationship Committee, Corporate Social Responsibility (CSR) Committee, and Risk Management Committee, are actively functioning with clear roles and responsibilities.
   • Directors are satisfied with the performance evaluation process.

2. Independent Directors Evaluation:

   • Independent Directors are evaluated based on knowledge, participation, performance of duties, oversight, professional conduct, and independence.

3. Stakeholders' Relationship Committee:

   • The committee, chaired by Mr. Ashok Tandon, effectively handled all investor complaints, resolving 77 complaints during the year with none pending as of 31st March 2024.

4. Corporate Social Responsibility (CSR) Committee:

   • The CSR Committee, chaired by Mr. Mukesh Gupta, is responsible for formulating and monitoring the CSR policy and annual action plan. The committee held a meeting on 11th August 2023.

5. Risk Management Committee:

   • A Risk Management Committee was constituted during the financial year 2023-24 to align with listing regulations.

6. Compliance:

   • Ms. Rahima Shaikh, a qualified Company Secretary, serves as the Compliance Officer under the Listing Regulations.

Conclusion: Lloyds Engineering Works Limited demonstrates strong governance with active and effective committees, a robust evaluation process for directors, and a proactive approach to stakeholder and CSR responsibilities. The company has resolved all investor complaints efficiently, indicating good stakeholder management. These factors suggest a well-managed company, potentially making it a viable investment opportunity for Person X.### Key Highlights of the Company:

1. Risk Management Committee:

   • The committee is responsible for implementing risk management systems and frameworks, reviewing financial and risk management policies, and formulating procedures to minimize risks.
   • The committee met twice during the year, with full attendance from all members.

2. Senior Management:

   • Shreekrishna Mukesh Gupta: Executive Vice President since January 2019, appointed as Whole Time Director in March 2024.
   • Sudhir Kumar Dwivedi: Chief Operating Officer overseeing the engineering division since July 2020.
   • Sameer Tawade: Chief Operating Officer overseeing the civil & construction division since May 2021.
   • Deepak Obhan: Vice President – Human Resource since July 2022.

3. Remuneration of Directors:

   • The Chairman and Whole Time Director receive a fixed salary, perquisites, and allowances.
   • Non-Executive and Independent Directors are compensated with sitting fees only.
   • Notable remunerations include:
     • Mr. Mukesh Rajnarayan Gupta: Total remuneration of ₹100,00,000.
     • Mr. Rajashekhar Mallikarjun Alegavi: Total remuneration of ₹1,19,000 including technical consultancy fees.
     • Mr. Shreekrishna Mukesh Gupta: Total remuneration of ₹12,82,556.

4. Appointments:

   • Mr. Shreekrishna Mukesh Gupta: Appointed as Whole Time Director from March 2024 to September 2028.
   • Mr. Devidas Kashinath Kambale: Appointed as an Additional Director in Non-Executive Independent Category from March 2024 to September 2028.

Summary for Investment Consideration:

• The company has a robust risk management framework and active senior management team with clear roles and responsibilities.
• The remuneration structure is transparent, with significant compensation for key executives, indicating a focus on retaining top talent.
• Recent appointments and regularization of directors suggest a stable and forward-looking governance structure.

These highlights suggest a well-managed company with a strong governance framework, making it a potentially attractive investment opportunity for Person X.Key Highlights of Lloyds Engineering Works Limited (30th Annual Report 2023-24):

1. Annual General Meetings (AGMs):

   • 2022-2023:
     • Change in Main Object Clause of the Memorandum of Association.
     • Continuation of Directorships for Mr. Lakshman Ananthsubramanian and Mr. Rajashekhar Mallikarjun Alegavi.
     • Payment of Technical Consultancy Charges/Fees to Non-Executive Directors.
   • 2021-2022:
     • Increase in threshold for Loans/Guarantees and Borrowing Limits.
     • Approval for payment of Technical Consultancy Charges/Fees to Non-Executive Directors.
   • 2020-2021:
     • Appointment of Mr. Mukesh Rajnarayan Gupta as Chairman and Whole Time Director.
     • Re-appointment of Independent Non-Executive Directors, including a Woman Director.
     • Approval for Giving Loan or Guarantee under Section 185 of the Companies Act, 2013.

2. Extraordinary General Meetings (EGMs):

   • No EGMs were held during the Financial Year 2023-24.

3. Postal Ballots:

   • February 2023:
     • Approval for Change in the Name of the Company.
     • Approval for Related Party Transactions with Lloyds Infinite Foundation.
   • April 2024:
     • Approval for the appointment of Mr. Shreekrishna Mukesh Gupta as a Whole Time Director.
     • Regularisation of Appointment of Mr. Devidas Kashinath Kambale as an Independent Director.
     • Re-appointment of Mr. Mukesh R.

Summary for Investment Consideration: Lloyds Engineering Works Limited has shown consistent governance and strategic changes over the past three years, including key appointments and re-appointments of directors, increasing financial thresholds for loans and borrowings, and ensuring compliance with SEBI regulations. The company has also undertaken significant changes such as altering its main object clause and changing its name, indicating a dynamic approach to its business strategy. These actions reflect a stable and forward-looking management, which could be a positive indicator for potential investors.### Key Highlights of the Company for Investment Consideration:

1. Leadership and Governance:

   • Mr. Gupta appointed as Whole Time Director on 28th May, 2024.
   • Compliance with statutory requirements, including the Companies Act 2013.

2. Communication and Transparency:

   • Financial results published in reputable newspapers and displayed on the company’s website.
   • Dedicated 'Investors' section on the website for announcements, compliance reports, and performance presentations.
   • Timely disclosures to BSE and NSE as per SEBI regulations.

3. Financial Reporting:

   • Annual General Meeting scheduled for 26th July, 2024.
   • Financial year from 1st April, 2023 to 31st March, 2024.
   • Quarterly results announced timely (First Quarter by 7th August, 2023; Second Quarter by 20th October, 2023; Third Quarter by 23rd January, 2024; Year-end results by 2nd May, 2024).

4. Dividend and Shareholder Returns:

   • Final dividend payment date set for on or before 24th August, 2024, subject to approval.

5. Stock Exchange Listings:

   • Listed on BSE (Scrip Code: 539992) and NSE (Scrip Code: LLOYDSENGG).
   • Annual listing fees for 2023-24 paid to both exchanges.
   • ISIN for NSDL/CDSL: INE093R01011.

6. Accessibility of Financial Information:

   • Annual Report and Audited Financial Statements available on the company’s website and stock exchange websites.

Conclusion:

The company demonstrates strong governance, transparent communication, timely financial reporting, and commitment to shareholder returns. It is listed on major stock exchanges with accessible financial information, making it a potentially attractive investment opportunity.### Key Highlights of Lloyds Engineering Works Limited (2023-24):

1. Stock Performance:

   • BSE: Share price ranged from a low of Rs. 17.80 in April to a high of Rs. 62.50 in February.
   • NSE: Share price mirrored BSE, ranging from Rs. 17.80 in April to Rs. 62.90 in February.
   • Market Indices: BSE Sensex and NSE NIFTY showed a general upward trend, with BSE closing at 73,651.35 in March and NSE at 22,326.90.

2. Registrar and Share Transfer Agent:

   • Managed by M/s. Bigshare Services Private Limited, located in Andheri (East), Mumbai.

3. Share Transfer System:

   • Securities can only be transferred in dematerialized form as per SEBI regulations.
   • Shareholders are encouraged to convert physical shares to dematerialized form.

4. Distribution of Shareholding:

   • Total Shareholders: 3,86,568.
   • Majority Shareholding: 73.86% of issued capital is held by shareholders owning 1,00,001 shares and above.
   • Small Shareholders: 97.25% of shareholders hold between 1-5,000 shares, accounting for 11.59% of issued capital.

Investment Considerations:

• Stock Price Growth: Significant increase in share price over the year, indicating potential growth.
• Market Confidence: High percentage of shares held by large shareholders suggests confidence in the company's future.
• Regulatory Compliance: Adherence to SEBI regulations for share transfers ensures transparency and security.

This summary provides a snapshot of the company's stock performance, shareholder distribution, and regulatory compliance, which are crucial for making an informed investment decision.### Key Highlights of the Company for Potential Investment:

1. Promoter and Promoter Group Holding:

   • The Promoter and Promoter Group hold a significant majority of the shares, with a total of 57.25%.
   • Lloyds Enterprises Limited is the largest single shareholder, holding 41.97% of the total shares.

2. Public Shareholding:

   • Public shareholding constitutes 42.55% of the total shares.
   • The largest public shareholder category is "Public & Others," holding 38.10% of the total shares.

3. Top Shareholders:

   • The top three shareholders are Lloyds Enterprises Limited (41.97%), Lloyds Metals and Minerals Trading LLP (7.63%), and Aeon Trading LLP (7.63%).

4. Pledged Shares:

   • A total of 98,53,285 pledged shares were released on 28th December 2023.
   • Significant shares were transferred and transmitted within the promoter group, indicating internal restructuring.

5. Diverse Shareholder Base:

   • The company has a diverse shareholder base, including mutual funds, foreign portfolio investors, and various individual and corporate investors.

6. Employee Trust:

   • Shares held by the Employee Trust constitute a minor portion (0.20%) of the total shares.

Summary:

The company has a strong promoter holding, with Lloyds Enterprises Limited being the dominant shareholder. The release of pledged shares and internal restructuring within the promoter group could indicate a positive move towards financial stability. The diverse shareholder base and significant public shareholding also add to the company's credibility. These factors make the company a potentially attractive investment opportunity.### Key Highlights of Lloyds Engineering Works Limited (30th Annual Report 2023-24):

1. Share Capital Reconciliation:

   • Regular quarterly audits confirm that the number of shares issued, listed, and held in both demat and physical modes are consistent.

2. Dematerialization of Shares:

   • 99.32% of the company's shares are held in dematerialized form as of March 31, 2024.

3. Liquidity:

   • Shares are actively traded on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Ltd. (NSE).

4. Convertible Instruments:

   • Convertible Warrants:
     • 16,50,00,000 convertible warrants were issued, with 9,00,00,000 converted into equity shares in May 2022 and the remaining 7,50,00,000 converted in May 2023.
     • This increased the equity share capital from 98,86,98,382 to 1,06,36,98,382 shares.
   • Optionally Fully Convertible Debentures (OFCDs):
     • 1,51,80,000 OFCDs were issued in January 2022 and converted into equity shares in July 2023.
     • This further increased the equity share capital to 1,07,88,78,382 shares.

5. No Deviation from Accounting Standards:

   • The company adhered to all accounting standards in the preparation of its annual accounts for the financial year 2023-24.

6. No Commodity Price or Foreign Exchange Risk:

   • The company reported no commodity price risk or foreign exchange risk and has no hedging activities.

Investment Consideration:

• Strong Compliance: Regular audits and adherence to accounting standards indicate robust financial governance.
• High Liquidity: Active trading on major stock exchanges ensures liquidity.
• Capital Growth: Significant increase in equity share capital through the conversion of warrants and debentures suggests potential for growth.
• Minimal Risk Exposure: No reported commodity price or foreign exchange risks.

These highlights suggest that Lloyds Engineering Works Limited is a well-regulated and potentially growing company, making it a viable option for investment.### Key Highlights for Investment Consideration:

1. Registered Office and Plant Locations:

   • The company has multiple plants located in the MIDC Industrial Area, Murbad, Thane, Maharashtra, indicating a strong manufacturing base.

2. Corporate Office:

   • Located in Lower Parel, Mumbai, a prime business district, which suggests good corporate infrastructure.

3. Investor Correspondence:

   • Managed by Bigshare Services Private Ltd, a professional firm, ensuring efficient handling of investor queries and share-related transactions.

4. Board of Directors' Independence:

   • The Board confirms that Independent Directors meet the regulatory requirements, ensuring good governance practices.

5. Related Party Transactions:

   • All related party transactions are conducted at arm's length and in the ordinary course of business, with no significant conflicts of interest, indicating transparency and fairness in dealings.

6. Compliance and Penalties:

   • The company has faced minor compliance issues with SEBI Listing Regulations but has addressed them promptly by paying the required penalties. This shows a commitment to regulatory compliance despite occasional lapses.

7. Website Information:

   • Policies and disclosures are available on the company's website, promoting transparency.

Conclusion:

The company demonstrates strong operational infrastructure, good governance practices, and a commitment to regulatory compliance. These factors make it a potentially sound investment opportunity for Person X.Key Highlights of Lloyds Engineering Works Limited (30th Annual Report 2023-24):

1. Regulatory Compliance Issues:

   • Received notices from NSE and BSE on 20.08.2021 for non-compliance with SEBI Listing Regulations regarding Board composition.
   • Paid penalties of ₹1,67,400 to NSE and ₹2,80,800 to BSE after TDS deductions.

2. Governance and Policies:

   • Established a Vigil Mechanism and Whistle Blower Policy ensuring employees can report unethical behavior or fraud directly to the Chairman of the Audit Committee.
   • Complied with all mandatory SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

3. Subsidiaries and Related Party Transactions:

   • No subsidiaries; hence, no policy for determining material subsidiaries.
   • Policy on dealing with Related Party Transactions is available on the company's website.

4. Credit Ratings and Commodity Risks:

   • No applicable credit ratings or commodity price risks and hedging activities.

5. Green Initiative:

   • Adopting electronic communication for Annual General Meeting notices, financial statements, and other communications to shareholders.

6. Workplace Safety:

   • No cases filed under the Sexual Harassment of Women at Workplace (Prevention, Prohibition, and Redressal) Act, 2013 during the year under review.

Conclusion: Lloyds Engineering Works Limited has shown commitment to regulatory compliance and corporate governance, despite some past non-compliance issues. The company has robust policies in place for whistleblowing and related party transactions, and it is embracing green initiatives. No significant issues were reported regarding workplace safety.### Key Highlights of the Company for Potential Investment:

1. Compliance and Governance:

   • The company has complied with all applicable provisions and there were no instances of non-compliance during the year.
   • No material related party transactions that could conflict with the company's interests.

2. Financial Transparency:

   • Financial statements are prepared in accordance with Indian Accounting Standards (Ind-AS).

3. Capital Structure Changes:

   • Preferential Issue of Convertible Warrants:
     • Issued 16,50,00,000 convertible warrants, with 9,00,00,000 converted into equity shares in May 2022 and the remaining 7,50,00,000 converted in May 2023.
     • Equity share capital increased from 98,86,98,382 to 1,06,36,98,382 shares.
   • Preferential Issue of Optionally Fully Convertible Debentures (OFCDs):
     • Issued 1,51,80,000 OFCDs at 12% interest, converted into equity shares in July 2023.
     • Paid-up share capital increased to 1,07,88,78,382 shares.
   • Rights Issue:
     • Allotted 6,34,64,610 equity shares in January 2024.

4. No Subsidiaries:

   • The company does not have any material subsidiaries.

These highlights indicate a company with strong governance, transparent financial practices, and recent capital structure enhancements, making it a potentially attractive investment opportunity.### Key Highlights of Lloyds Engineering Works Limited (30th Annual Report 2023-24):

1. Rights Issue and Share Capital Increase:

   • The company issued Rights Shares at Rs. 15.50 per share (including Rs. 14.50 premium), raising Rs. 9,837.01 Lakh.
   • The Rights Issue was fully subscribed, increasing the paid-up share capital from Rs. 1,07,88,98,382 to Rs. 1,14,23,62,992.

2. Regulatory Compliance:

   • The company complied with all requirements of Stock Exchanges, SEBI, and other statutory authorities.
   • No penalties or strictures were imposed on the company by any regulatory body during the year.

3. Audit Fees:

   • Total fees paid to statutory auditors for 2023-24 amounted to Rs. 3.16 Lakh, slightly up from Rs. 3.14 Lakh in 2022-23.

4. Unclaimed Shares:

   • As of 31st March 2024, there were 26,960 shareholders with 40,06,467 unclaimed equity shares in the suspense account.
   • Voting rights on these unclaimed shares remain frozen until claimed by rightful owners.

These highlights indicate a stable financial position, regulatory compliance, and a successful rights issue, making Lloyds Engineering Works Limited a potentially attractive investment opportunity.### Key Highlights of Lloyds Engineering Works Limited:

1. Financial Reporting and Internal Controls:

   • The CEO and CFO have certified the financial reporting and internal controls, ensuring compliance with SEBI regulations.

2. Independent Directors:

   • Independent Directors meet the conditions specified under SEBI regulations and are independent of management.

3. Corporate Governance Compliance:

   • The company has complied with corporate governance requirements as per SEBI regulations. This compliance is confirmed by the company's auditors.

4. Director Qualifications:

   • A certificate from a practicing company secretary confirms that none of the directors have been debarred or disqualified by SEBI or the Ministry of Corporate Affairs.

5. No Restrictive Agreements:

   • There are no agreements among shareholders, promoters, or key personnel that impact the management or control of the company or impose any restrictions or liabilities.

6. Code of Conduct Compliance:

   • Directors and senior management have affirmed compliance with the company's Code of Conduct for the financial year 2023-24.

These highlights indicate strong governance, compliance with regulatory requirements, and a commitment to ethical management, making Lloyds Engineering Works Limited a potentially sound investment.Key Highlights of Lloyds Engineering Works Limited (formerly Lloyds Steels Industries Limited) for Potential Investment:

1. Financial Integrity: The financial statements and cash flow statements for the year are accurate and do not contain any materially untrue or misleading information.

2. Compliance: The company’s financial statements present a true and fair view of its affairs and comply with existing accounting standards, applicable laws, and regulations.

3. Ethical Operations: There were no fraudulent, illegal, or code of conduct-violating transactions during the year.

4. Internal Controls: The company has established and maintains effective internal controls for financial reporting. Any deficiencies identified have been disclosed and steps are being taken to rectify them.

5. Transparency: Significant changes in internal controls and accounting policies have been communicated to auditors and the audit committee. Any instances of significant fraud have been reported.

6. Leadership Assurance: The CEO and CFO have signed off on the accuracy and integrity of the financial reporting, indicating strong leadership commitment to transparency and accountability.

These highlights suggest that Lloyds Engineering Works Limited is a well-managed company with strong financial integrity and robust internal controls, making it a potentially sound investment.Key Highlights of Lloyds Engineering Works Limited:

1. Corporate Governance Compliance: The company has been certified for compliance with the conditions of Corporate Governance as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This indicates a strong adherence to regulatory standards and good governance practices.

2. Auditor's Certification: The compliance has been verified by S Y Lodha and Associates, Chartered Accountants, ensuring an independent and professional assessment.

3. Management Responsibility: The responsibility for maintaining corporate governance standards lies with the company's management, indicating a structured approach to governance.

4. No Assurance on Future Viability: The certification does not guarantee the future viability or the efficiency of the company's management, which is a standard disclaimer in such reports.

5. Company Details: The company, previously known as Lloyds Steels Industries Limited, is located in Murbad, Thane, Maharashtra, and operates under the CIN: L28900MH1994PLCO81235.

This summary suggests that Lloyds Engineering Works Limited maintains good corporate governance practices, which is a positive indicator for potential investors like person X. However, it is important to consider other financial and operational aspects before making an investment decision.Key Highlights of Lloyds Engineering Works Limited (30th Annual Report 2023-24):

1. Company Overview:

   • Formerly known as Lloyds Steels Industries Limited.
   • Registered office located in Thane, Maharashtra, India.

2. Directors' Compliance:

   • A certificate of non-disqualification of directors has been issued by H. Maheshwari & Associates, confirming that none of the directors have been debarred or disqualified by SEBI, Ministry of Corporate Affairs, or any other statutory authority as of 31st March 2024.

3. Board of Directors:

   • The board consists of experienced individuals with varied tenures, including:
     • Bela Sundar Rajan (Director since 2016)
     • Rajashekhar Mallikarjun Alegavi (Director since 2018)
     • Mukesh Rajnarayan Gupta (Whole-time director since 2021)
     • Ashok Kumar Sharma (Director since 2021)
     • Lakshman Ananthsubramanian (Director since 2020)
     • Kishor Kumar Mohanlal Pradhan (Director since 2020)
     • Ashok Tandon (Director since 2014)
     • Devidas Kashinath Kamble (Additional Director, Non-executive and Independent since 2024)
     • Shreekrishna Mukesh Gupta (Whole-time director since 2024)

4. Regulatory Compliance:

   • The company adheres to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency and regulatory compliance.

Investment Consideration:

• The company demonstrates strong governance with a compliant and experienced board of directors.
• No disqualifications or debarments of directors, indicating a stable and trustworthy leadership team.

This summary provides a snapshot of the company's governance and compliance status, which are crucial factors for investment decisions.### Key Highlights for Investment Consideration:

Global Economic Context:

1. Global Growth Decline: The global economy's growth declined from 3.5% in 2022 to 3.1% in 2023.
2. Regional Performance: Advanced economies' growth is projected to decline, while emerging markets show a modest decline.
3. Inflation Trends: Global inflation is expected to decrease from 8.7% in 2022 to 6.9% in 2023 and further to 5.8% in 2024.
4. Trade and Commodities: Global trade in goods decreased, while trade in services increased. Brent crude oil prices fell from $101 per barrel in 2022 to $83 per barrel in 2023.
5. Equity Markets: Global equity markets ended 2023 strongly, driven by lower inflation, a weaker dollar, and declining crude prices.

Major Economies' Performance (2023):

• United States: GDP growth of 2.5% (up from 1.9% in 2022).
• China: GDP growth of 5.2% (up from 3% in 2022).
• United Kingdom: GDP growth of 0.4% (down from 4.3% in 2022).
• Japan: GDP growth of 1.9% (unchanged from 2022).
• Germany: GDP contraction of 0.3% (down from 1.8% growth in 2022).

Indian Economic Context:

1. Strong Growth: The Indian economy is estimated to grow by 7.8% in FY 2023-24, up from 7.2% in FY 2022-23.
2. Sectoral Performance: Growth driven by mining, quarrying, manufacturing, and services sectors.
3. Currency Stability: The Indian rupee showed relative resilience, depreciating only 0.8% against the US dollar in 2023.
4. Inflation: CPI inflation averaged 5.4%, with rural inflation higher than urban. Core inflation moderated to 4.5%.
5. Foreign Exchange Reserves: Reached a historic peak of $645.6 billion.
6. Credit Quality: Indian companies maintained robust credit quality with more rating upgrades than downgrades.
7. UPI Transactions: Record growth in UPI transactions, with a 56% increase in volume and 43% in value in FY24.

Outlook:

• Asia's Leadership: Asia is expected to continue leading global growth in 2024-25.
• Inflation Easing: Inflation is projected to ease gradually, stabilizing the global economy over the next two years.

Investment Consideration:

Given the strong growth prospects of the Indian economy, robust credit quality, and significant improvements in key sectors, investing in this company could be promising. The global economic context also shows signs of stabilization, which could further support growth.### Key Highlights of Lloyds Engineering Works Limited Annual Report 2023-24

1. Agriculture Sector:

   • Monsoon in 2023 was the driest in a century, impacting crop yields.
   • Wheat production increased to 114 million tonnes, while rice production decreased to 106 million metric tons.
   • Kharif pulses production dropped to 71.18 Lakh metric tonnes due to adverse climatic conditions.

2. Economic Growth:

   • Manufacturing sector output grew by 6.5% in 2023-24, up from 1.3% in 2022-23.
   • Mining sector growth was 8.1%, up from 4.1% in the previous year.
   • Real GDP growth was 8.2%, with nominal GDP estimated at Rs 295.36 Lakh Crore.
   • Gross non-performing asset ratio for banks improved to 2.8% from 4.1%.

3. Trade and Taxation:

   • Exports of goods and services expected to reach $900 billion, up from $770 billion.
   • Net direct tax collection increased by 17.7% to Rs. 19.58 Lakh Crore.
   • Gross GST collection rose by 11.7% to Rs 20.2 Lakh Crore.

4. Sectoral Performance:

   • Agriculture sector growth slowed to 1.8% from 4%.
   • Trade, hotel, transport, and communication services grew by 6.3%, down from 14%.
   • Automobile sector expected to grow by 6-9%.
   • Construction sector growth projected at 10.7%.
   • Public administration and defense services grew by 7.7%.

5. Stock Market and Investments:

   • Nifty 50 index grew by 30%, making India's stock market the fourth largest globally with a market cap of $4 trillion.
   • Significant increase in foreign investment in Indian government bonds.

6. Global Engineering Market:

   • Engineering services market expected to grow from $1147 billion in 2023 to $1188.41 billion in 2024.
   • Projected growth to $1366.8 billion by 2028 at a CAGR of 3.6%.
   • Global nuclear reactor construction and urbanization in East Asia and the Pacific are key growth drivers.

7. Outlook:

   • India is poised to remain the world's fastest-growing major economy with a projected GDP surpassing USD 4.34 trillion by 2025.
   • The Union Budget 2024-25 focuses on capital expenditure in infrastructure, solar energy, tourism, medical ecosystem, and technology.

Investment Considerations

• Strong Economic Indicators: Robust GDP growth, improved banking sector health, and significant export growth.
• Sectoral Growth: Positive outlook in manufacturing, mining, and construction sectors.
• Stock Market Performance: Strong growth in the Nifty 50 index and increased foreign investments.
• Global Market Trends: Favorable growth in the global engineering services market, driven by nuclear reactor construction and urbanization.

These highlights suggest a strong economic environment and sectoral growth, making Lloyds Engineering Works Limited a potentially attractive investment opportunity.Based on the provided report, here are the key highlights of the company and the sectors it operates in:

1. Engineering Services Market:

   • The global market is led by North America with a 38% share.
   • India's engineering services market was valued at USD 65.3 billion in 2023 and is expected to reach USD 88.77 billion by 2028, growing at a CAGR of 6.35%.
   • Engineering is the largest industrial sector in India, accounting for 27% of total factories and 63% of foreign collaborations.
   • Engineering exports in FY24 rose to $109.31 billion, with a target of $300 billion by 2030.

2. Steel Industry:

   • India is the world's second-largest producer of crude steel.
   • Crude steel production is projected to reach 255 million tonnes by 2030-31.
   • Significant government investment in the steel sector, with a capital expenditure target of Rs. 10,300.85 Crore for FY 2023-24.

3. Nuclear Power:

   • India aims to increase nuclear power capacity from 7480 MW to 22480 MW by 2031-32.
   • Construction and commissioning of ten reactors (8000 MW) are underway.
   • Plans to build 11,000 MW of new nuclear power generation capacity by 2040.

4. Marine and Shipbuilding:

   • Significant investments in shipbuilding, with a multiplier effect of 1.82.
   • Initiatives to make India a global hub for green shipbuilding by 2030.
   • Major infrastructure projects and investments in the maritime sector, including Rs. 10 Lakh Crore anchored at the Global Maritime India Summit, 2023.

5. Oil and Gas:

   • India is the third-largest consumer of oil globally.
   • Oil demand is projected to double by 2045.
   • Significant investments in exploration, production, and refining infrastructure, with state-run oil companies making substantial capital expenditures.

These highlights indicate a robust growth trajectory across multiple sectors, driven by significant government investments and strategic initiatives. The company's involvement in these high-growth sectors suggests a promising investment opportunity.### Key Highlights of Lloyds Engineering Works Limited

Company Overview:

• Name: Lloyds Engineering Works Ltd
• Industry: Customised engineering products and solutions
• Headquarters: Mumbai, India
• Employees: 235 (as of March 31, 2024)
• Facilities: State-of-the-art manufacturing facilities in Murbad, Thane
• Certifications: Approved by Industrial Boiler Regulatory Authority, SGS UK, Petroleum and Explosives Safety Organisation

Product and Service Offerings:

• Hydrocarbon Sector: Pressure vessels, columns, reactors, heat exchangers, air/gas/liquid dryer packages
• Steel Industry: Equipment for steel melting shops, hot rolling mills, and cold rolling mills
• Other Sectors: Oil & gas, power plants, nuclear plants, and boilers

Market and Growth Drivers:

• Indian Manufacturing Sector: Poised to reach $1 trillion by 2025-26
• Urbanization: Increasing demand for sustainable and modern infrastructure
• Connectivity Projects: Major projects like Bharatmala and Sagarmala providing business opportunities
• Government Support: Significant capital investment in infrastructure, with a 33% increase to Rs. 10 Lakh Crore (USD 122 billion) in 2023-24
• R&D Investment: Expected to reach USD 6.3 billion by 2025
• Advanced Technologies: Adoption of AI, IoT, and engineering analytics

Government Initiatives:

• National Infrastructure Pipeline (NIP): Projected investment of Rs. 111 Lakh Crore (US$ 1.3 trillion) during FY20-25
• Highway Construction: Increased pace from 12 km/day in 2014-15 to 34 km/day in 2023-24
• Nuclear Power: Plan to construct 12 new nuclear reactors by 2024
• Port Investments: Substantial investment exceeding Rs. 12,500 Crore in FY 2023-24
• Skill Development: Pradhan Mantri Kaushal Vikas Yojna (PMKVY) aims to provide engineering skills to 10.5 Lakh youth over the next three years

Investment Rationale:

• Strong Market Position: Lloyds Engineering Works Ltd is well-positioned in the growing Indian manufacturing sector.
• Diverse Product Portfolio: Catering to multiple high-growth industries such as hydrocarbons, steel, and power.
• Government Support: Benefiting from significant government investments in infrastructure and R&D.
• Technological Adoption: Embracing advanced technologies to stay competitive.

Conclusion: Lloyds Engineering Works Ltd is a promising investment opportunity due to its strong market position, diverse product offerings, and the supportive economic environment driven by government initiatives and technological advancements.### Key Highlights of Lloyds Engineering:

1. Diverse Industry Engagement:

   • Iron and Steel: Manufacturing equipment like ball mills, rotary dryers, WHR boilers, and DRI plants.
   • Nuclear: Registered with BARC and NPCIL for supplying equipment based on design engineering.
   • Marine/Defence: Produces fin stabilizers for navy warships and electro-hydraulic steering gear for marine ships.
   • Ports, Jetties, and Refineries: Designs and supplies critical components like swivel joints, seals, and hydraulic valves.
   • Power: Engaged in the design and manufacture of thermal power plants and related equipment.

2. Financial Performance:

   • Total Income: Increased from ₹31,840.61 lakh in FY22-23 to ₹63,167.61 lakh in FY23-24.
   • EBIDTA: Grew from ₹5,804.37 lakh to ₹10,843.69 lakh.
   • PAT: Rose from ₹3,682.31 lakh to ₹7,983.83 lakh.
   • EBIDTA Margin: Slightly decreased from 18.23% to 17.17%.
   • PAT Margin: Improved from 11.56% to 12.64%.
   • EPS: Basic EPS increased from ₹0.38 to ₹0.74, and Diluted EPS from ₹0.35 to ₹0.73.

3. Key Financial Ratios:

   • Debtors’ Turnover: Decreased from 16.06 to 6.90 due to delays in collection.
   • Inventory Turnover: Improved from 3.83 to 5.76 due to better inventory management.
   • Interest Coverage Ratio: Improved from 15.22 to 25.04 due to better cash flow and reduced interest costs.
   • Current Ratio: Improved from 1.85 to 3.21 due to better working capital management.
   • Debt-Equity Ratio: Improved from 0.27 to 0.18, indicating the company remains largely debt-free.

4. Risk Management:

   • Banks' cautious lending due to NPAs has impacted corporate sector investments.
   • Margins in the engineering industry are under pressure.
   • The company is continuously upgrading skills, modernizing, and implementing cost-saving measures.
   • Strong financial statements and negligible financial leverage provide an advantage.

5. Internal Control and Audit:

   • Systematic internal control systems and regular reviews by senior management.
   • Performance monitoring through daily, weekly, and monthly reviews.
   • Introduction of various policies for effective departmental functioning.
   • Internal audits conducted regularly, with reports reviewed by the Audit Committee/Board.

Investment Consideration:

Lloyds Engineering shows strong financial growth, diversified industry engagement, and robust internal control systems. The company’s improved financial ratios and low debt levels make it a potentially attractive investment opportunity. However, potential investors should consider the risks related to industry margins and cautious bank lending.Key Highlights of Lloyds Engineering Works Limited (30th Annual Report 2023-24):

1. Audit and Oversight: The Audit Committee and Board actively oversee financial systems, procedures, and internal controls, ensuring robust governance.

2. Human Resources:

   • The HR Department maintains a healthy working relationship with employees, emphasizing the importance of all staff levels in achieving company goals.
   • Regular recruitment of Graduate Engineers and continuous training programs to update skills and techniques.
   • Low attrition rate indicating a positive work environment.
   • Senior Management is accessible for counseling and grievance redressal.
   • Implementation of an Employee Stock Option Scheme (ESOP) to incentivize productivity.
   • Cordial industrial relations at all company units and work sites.

3. Cautionary Statement: The company acknowledges that actual results may differ from projections due to various factors such as economic conditions, government regulations, tax regimes, and unforeseen events like the Covid-19 pandemic.

These highlights suggest a well-governed company with a strong focus on human resources and employee satisfaction, making it a potentially attractive investment opportunity.### Key Highlights for Investment Consideration:

1. Energy Conservation:

   • The company has implemented strict fuel consumption measures at its Murbad Works, optimizing shift operations to conserve energy.

2. Technology Absorption:

   • Partnership with The Material Works Limited (TMW), USA:
     • Exclusive agreement for the design, manufacture, and supply of EPS Gen 4 cells in India and Bangladesh.
     • TMW provides ongoing design improvements, technical training, marketing material access, and sales support.
   • Agreement with TB Global Technologies Ltd (TBG), Japan:
     • Collaboration for the promotion, manufacturing, sales, installation, and maintenance of products under the brand name “LLOYDS TB-NIIGATA”.
     • Focus on non-cryogenic MLA manufacturing and distribution.
     • Aim to increase local manufacturing content in India, aligning with the Atmnirbhar policy of the Indian government.

3. Environmental and Cost Benefits:

   • Adoption of eco-friendly technology that eliminates the need for acid in steel surface cleaning, reducing environmental impact and waste.
   • The recyclable grit material and zero effluent discharge contribute to sustainable operations.

4. Strategic Growth and Market Position:

   • The agreements with TMW and TBG are expected to enhance product quality, reduce costs, and foster product development.
   • The company aims to qualify as a Class 1 bidder under the Atmnirbhar policy, potentially increasing its market share and competitiveness in India.

These strategic initiatives and partnerships indicate a strong focus on technological advancement, environmental sustainability, and market expansion, making the company a potentially attractive investment opportunity.Key Highlights of Lloyds Engineering Works Limited (LEWL) Annual Report 2023-24:

1. Technological Advancements:

   • LEWL is set to localize the EPS (Eco Pickled Surface) technology, which eliminates the need for oiling on pickled surfaces, offering significant CAPEX and OPEX benefits to clients.
   • The company has an agreement to import technology over four years, with the process expected to start by the end of the financial year 2024-25.

2. Financial Performance:

   • Foreign exchange earnings from technical consultants were Rs. 26.06 lakh in 2022-23, with no earnings reported for 2023-24.
   • Significant increase in foreign exchange outgo for raw materials, stores, and spares (Rs. 603.71 lakh in 2023-24 vs. Rs. 338.20 lakh in 2022-23).
   • Capital expenditure saw a substantial rise to Rs. 832.00 lakh in 2023-24 from Rs. 86.39 lakh in 2022-23.

3. Expenditure Details:

   • Increased spending on traveling (Rs. 79.24 lakh in 2023-24 vs. Rs. 41.89 lakh in 2022-23).
   • New expenditures on engineering and design (Rs. 19.85 lakh) and technical and professional charges (Rs. 15.22 lakh).

4. Leadership:

   • The report is signed by Mukesh Rajnarayan Gupta, Chairman, indicating stable leadership.

Investment Consideration: LEWL is investing heavily in technology and capital expenditure, indicating a focus on future growth and modernization. The localization of EPS technology could provide a competitive edge and cost benefits. However, the increase in expenditures and pending technology absorption should be monitored.### Key Highlights of Lloyds Engineering Works Limited:

1. Compliance and Governance:

   • The company has demonstrated strong adherence to statutory provisions and good corporate practices.
   • Compliance with major regulations under the Companies Act, SEBI Act, and other relevant laws has been confirmed.

2. Regulatory Adherence:

   • The company has complied with various SEBI regulations, including those related to substantial acquisition of shares, insider trading, share-based employee benefits, and depository participants.
   • No events requiring compliance with regulations on non-convertible securities, delisting of equity shares, or buyback of securities were reported during the audit period.

3. Corporate Structure:

   • The company has a well-established board-process and compliance mechanism in place.
   • The audit covered the financial year ending on 31st March 2024, ensuring recent and relevant compliance.

4. Operational Locations:

   • Registered office located in Thane, Maharashtra.
   • Corporate office situated in Lower Parel, Mumbai, Maharashtra.

5. Audit Confirmation:

   • The secretarial audit was conducted thoroughly, providing a reasonable basis for evaluating corporate conduct and statutory compliance.

Investment Consideration:

Lloyds Engineering Works Limited has shown robust compliance with statutory and regulatory requirements, indicating strong governance and operational integrity. This could be a positive indicator for potential investors like Person X.### Key Highlights of Lloyds Engineering Works Limited (30th Annual Report 2023-24)

1. Compliance and Governance:

   • The company complies with a wide range of laws and regulations, including the Payment of Gratuity Act, Maternity Benefits Act, Income Tax Act, and various environmental and labor laws.
   • Adherence to Secretarial Standards and Listing Agreements with Stock Exchanges.
   • The Board of Directors is well-constituted with a balance of Executive, Non-Executive, and Independent Directors.
   • Proper procedures for Board Meetings, including adequate notice and detailed agendas.

2. Corporate Actions:

   • Equity Shares Allotment:
     • 7,50,00,000 equity shares allotted to Promoter/Promoter Group through conversion of warrants on May 10, 2023.
     • 6,34,64,610 equity shares issued on a rights basis at Rs. 15.50 per share (inclusive of a premium of Re. 1.00 per share) on January 18, 2023.
     • 1,51,80,000 equity shares allotted through conversion of optionally fully convertible debentures (OFCDs) at a premium of Rs. 12.65 per share on June 14, 2023.

3. Investment:

   • The company invested in Lloyds Infrastructure and Construction Limited (LICL) by subscribing to its Memorandum of Association.

4. Operational Efficiency:

   • Adequate systems and processes are in place to ensure compliance with applicable laws, rules, regulations, and guidelines.
   • The company has responded appropriately to notices from statutory/regulatory authorities and taken corrective measures when necessary.

Summary for Investment Consideration:

Lloyds Engineering Works Limited demonstrates strong compliance with legal and regulatory requirements, effective corporate governance, and strategic corporate actions to enhance shareholder value. The company's recent investments and equity allotments indicate a proactive approach to growth and capital management. These factors collectively make it a potentially attractive investment opportunity.Key Highlights of the Company:

1. Change in Associate Status:

   • LICL (Lloyds Infrastructure and Construction Limited) ceased to be an associate company effective from 13th September, 2023.
   • The company transferred 12.25% shares of LICL to Lloyds Enterprises Limited and 0.5% shares to Mahaprabhu Ventures Private Limited on 28th March, 2024.

2. Employee Stock Option Scheme (ESOP):

   • The company allotted 20,000 equity shares on 20th October, 2023, and 2,266,500 equity shares on 6th March, 2024, under the ESOP Scheme 2021.

These highlights indicate significant changes in the company's shareholding structure and employee incentives, which could be relevant for investment considerations.Key Highlights of Lloyds Engineering Works Limited's 30th Annual Report 2023-24:

1. Management Responsibility: The company’s management is responsible for maintaining secretarial records.

2. Auditor’s Responsibility: The auditor, Mitesh J. Shah & Associates, followed appropriate audit practices to ensure the correctness of secretarial records. However, the financial records and books of accounts were not verified.

3. Compliance Verification: The auditor obtained management representations regarding compliance with laws, rules, and regulations.

4. Disclaimer: The audit report does not guarantee the future viability of the company or the effectiveness of its management. There is an inherent risk of undetected misstatements or non-compliances despite proper audit planning and execution.

5. Audit Limitations: The audit was limited to verification of procedures on a test basis, and there is a risk that some issues may not be detected due to inherent limitations.

6. Certification: The report is signed by Mitesh Shah, Proprietor of Mitesh J. Shah & Associates, with relevant credentials and peer review certification.

Conclusion: The report provides assurance on the correctness of secretarial records but does not cover financial records or guarantee future performance. Potential investors should consider these limitations and conduct further due diligence.### Key Highlights for Investment Consideration:

1. Stable Leadership Compensation:

   • The Chairman & Whole Time Director, Mr. Mukesh Rajnarayan Gupta, received a remuneration of ₹1,00,00,008 with no increase from the previous year.
   • The Chief Financial Officer, Mr. Kalpesh Prakash Agrawal, saw a significant increase in remuneration by 27.49%, indicating a possible recognition of performance or increased responsibilities.

2. Median Employee Remuneration:

   • The median remuneration of employees for the financial year 2023-24 was ₹3,93,207.50.
   • There was an 11.28% decrease in the median remuneration of employees, which might indicate cost-cutting measures or restructuring.

3. Employee Strength:

   • The company had 235 permanent employees as of 31st March 2024.

4. Salary Adjustments:

   • Average salary increase for employees (excluding managerial personnel) was 10.81%, suggesting a positive outlook for non-managerial staff compensation.
   • No overall increase in managerial remuneration compared to the previous financial year, indicating a focus on maintaining or optimizing executive costs.

5. Compliance and Policy Adherence:

   • The company affirms that all remunerations are in line with the Remuneration Policy for Directors, Key Managerial Personnel, and other employees.

Summary:

The company demonstrates a stable leadership remuneration structure with significant increases for key financial roles, a focus on optimizing costs, and a commitment to fair compensation practices. The decrease in median employee remuneration and the stable number of permanent employees suggest a strategic approach to managing human resources. These factors could be indicative of a well-managed company with a focus on financial prudence and strategic growth, making it a potentially attractive investment opportunity.Key Highlights of Lloyds Engineering Works Limited:

1. Experienced Leadership: The company boasts a highly experienced leadership team, including Mukesh Rajnarayan Gupta, the Chairman and Whole Time Director, with 41 years of experience, and Sudhir Kumar Dwivedi, the Chief Operating Officer of the Engineering Division, with 34 years of experience.

2. Strong Financial Management: The Chief Financial Officer, Kalpesh Prakash Agrawal, has 20 years of experience and a background in commerce and chartered accountancy, ensuring robust financial oversight.

3. Diverse Expertise: The top management team has diverse qualifications and expertise across various fields such as engineering, marketing, finance, and operations, which can drive the company's growth and innovation.

4. Recent Appointments: Shreekrishna Mukesh Gupta was recently appointed as a Whole Time Director, indicating potential new strategic directions and leadership dynamics.

5. Stable Employment History: Many top employees have long tenures with the company or significant experience in their respective fields, suggesting stability and deep industry knowledge.

6. Competitive Remuneration: The company offers competitive remuneration packages to its top employees, which can help in attracting and retaining top talent.

These highlights suggest that Lloyds Engineering Works Limited has a strong and experienced leadership team, diverse expertise, and stable management, making it a potentially attractive investment opportunity.### Key Highlights of Lloyds Engineering Works Limited:

1. High Executive Compensation:

   • Shreekrishna Mukesh Gupta, Executive Vice President, received a remuneration of Rs. 1,70,47,754 for the financial year.
   • He was appointed as a Whole Time Director starting from 6th March 2024, with his tenure approved until 28th September 2028.

2. Family Ties in Leadership:

   • Shreekrishna Mukesh Gupta is the son of Mukesh Rajnarayan Gupta, the Chairman and Whole Time Director of the company.

3. No Other High-Paid Employees:

   • No other employees received remuneration exceeding that of the Managing Director or Whole-time Director.
   • No other employees hold 2% or more of the company's equity shares.

4. Corporate Governance:

   • The company maintains transparency in disclosing the relationship between its directors and high-ranking employees.

5. Company Name Change:

   • The company was formerly known as Lloyds Steels Industries Limited and is now Lloyds Engineering Works Limited.

These highlights indicate a well-compensated executive team with strong family ties in leadership, which could be a point of consideration for potential investors like Person X.Key Highlights of Lloyds Engineering Works Limited (formerly Lloyds Steels Industries Limited) from the 30th Annual Report 2023-24:

1. Company Overview:

   • The company has undergone a name change from Lloyds Steels Industries Limited to Lloyds Engineering Works Limited.

2. Related Party Transactions:

   • No Non-Arm’s Length Transactions: There were no contracts or arrangements that were not at arm’s length basis for the year ended 31st March 2024.
   • Material Arm’s Length Transactions:
     • Lloyds Metals and Energy Limited (LMEL): Engaged in sale, supply, purchase, and service orders amounting to Rs. 1000 Crore.
     • Hemdil Estates Private Limited: Entered into a leave and license agreement for 5 years worth Rs. 60 Lakh.
     • Mr. Shreekrishna Mukesh Gupta: Employed at a place of profit with a monthly remuneration of Rs. 16 Lakh.
     • Mr. Rajashekhar Mallikarjun Alegavi: Provided technical consultancy services up to 31st March 2024 for Rs. 1 Crore.
     • Trofi Chain Factory Private Limited: Availing canteen services up to 31st March 2024 for Rs. 50 Lakh.
     • ICASA Trading Company Private Limited: Infrastructure services for availing canteen services up to 31st March 2024 for Rs. 5 Crore.
     • Lloyds Enterprises Limited: Procurement of steel or other raw materials amounting to Rs. 100 Crore.
     • Lloyds Infinite Foundation: Sale of goods or supply of services for FY 2023-24 & 2024-25 amounting to Rs. 51 Crore.

3. Governance:

   • The report is signed by Mukesh Rajnarayan Gupta, Chairman, dated 2nd May 2024, in Mumbai.

Investment Consideration:

• The company has significant transactions with related parties, all conducted at arm’s length, indicating transparency and adherence to regulatory requirements.
• The substantial contracts with related entities, especially the Rs. 1000 Crore deal with LMEL, suggest robust business operations and potential for growth.
• The governance structure appears solid with clear documentation and approval dates for all major transactions.

This summary provides a snapshot of the company's financial dealings and governance, which could be useful for making an informed investment decision.### Key Highlights of the Company for Investment Consideration:

1. Commitment to CSR: The company is dedicated to making a positive societal impact through its Corporate Social Responsibility (CSR) initiatives, reflecting a strong ethical foundation.

2. CSR Committee: The CSR Committee is composed of experienced members, including a Whole Time Director and two Independent Directors, ensuring robust governance.

3. Financial Commitment to CSR:

   • Average Net Profit: Rs. 2150.75 Lakh over the past three financial years.
   • CSR Obligation: Rs. 34.70 Lakh for the financial year.
   • Actual CSR Spend: Rs. 36 Lakh, exceeding the required amount, indicating a proactive approach to social responsibility.

4. Transparency: The company provides detailed disclosures on its website regarding the composition of the CSR Committee, CSR Policy, and CSR Projects, ensuring transparency and accountability.

5. No Administrative Overheads: The company spent no amount on administrative overheads for CSR, ensuring that all funds are directed towards impactful projects.

6. No Unspent CSR Funds: The company has fully utilized its CSR budget for the financial year, demonstrating effective planning and execution of its CSR initiatives.

Conclusion:

The company's strong commitment to CSR, transparent governance, and effective utilization of funds make it a socially responsible and potentially attractive investment opportunity.Key Highlights of Lloyds Engineering Works Limited (30th Annual Report 2023-24):

1. Corporate Social Responsibility (CSR) Spending:

   • The company was required to spend 2% of its average net profit on CSR activities, amounting to ₹43.02 lakh.
   • Actual CSR expenditure for the financial year was ₹36.00 lakh, resulting in a shortfall of ₹7.02 lakh.
   • An excess amount of ₹8.32 lakh was carried forward from the previous financial year, leading to a net excess of ₹1.30 lakh available for future CSR activities.

2. Unspent CSR Amount:

   • There were no unspent CSR amounts transferred to the Unspent CSR Account for the preceding three financial years.
   • No capital assets were created or acquired through CSR spending in the financial year.

3. Compliance:

   • The company has complied with the requirement to spend 2% of its average net profit on CSR activities, with no deficiencies reported.

4. Governance:

   • The report is signed by Mukesh Rajnarayan Gupta, Whole Time Director and Chairman of the CSR Committee, indicating strong governance and oversight.

These highlights suggest that Lloyds Engineering Works Limited is committed to its CSR obligations and maintains good governance practices, which could be positive indicators for potential investors.### Key Highlights of Lloyds Engineering Works Limited:

1. Company Overview:

   • Formerly known as Lloyds Steels Industries Limited.
   • Registered office located in Thane, Maharashtra, India.
   • Corporate office in Lower Parel, Mumbai, Maharashtra, India.

2. Compliance and Certification:

   • The company has implemented the "Lloyds Steels Industries Limited Employee Stock Option Plan 2021" in accordance with the Securities Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
   • Compliance verified by Mitesh J. Shah, a practicing Company Secretary, who has issued a compliance certificate.

3. Management Responsibility:

   • The management is responsible for implementing the scheme, maintaining records, and ensuring compliance with applicable laws and regulations.

4. Verification and Examination:

   • The compliance certificate was issued after examining various documents including the scheme, Articles of Association, Board and Shareholder resolutions, minutes of the Nomination and Remuneration Committee, relevant accounting standards, and other related documents.

5. Certification:

   • The company has been certified to have implemented the Employee Stock Option Plan in accordance with the applicable regulations and resolutions passed by the company.

6. Assumptions and Limitations:

   • The certificate is based on the examination of relevant documents and information provided by the company.
   • It is not an assurance of the future viability of the company or the efficiency of its management.

Investment Consideration:

• Regulatory Compliance: The company has demonstrated adherence to regulatory requirements, which is a positive indicator of its governance practices.
• Employee Incentive Plan: Implementation of the Employee Stock Option Plan suggests a focus on employee retention and motivation, which can be beneficial for long-term growth.

This summary provides a snapshot of the company's compliance and governance practices, which are crucial factors for making an informed investment decision.Key Highlights of Lloyds Engineering Works Limited (30th Annual Report 2023-24):

1. Management Responsibility: The management is responsible for maintaining the company's schemes and ensuring compliance with applicable laws, rules, and regulations.

2. Auditor's Responsibility: The auditor, Mitesh Shah & Associates, has followed appropriate practices and processes to verify the correctness of the report's contents. The verification was evidence-based to ensure accurate reflection of facts.

3. Compliance Verification: The auditor obtained management representations to confirm compliance with laws, rules, and regulations. However, the auditor's examination was limited to verifying procedures and not the overall compliance.

4. Disclaimer: The responsibility for compliance with corporate and other applicable laws lies with the management, and the auditor's role was limited to verifying the procedures followed.

This summary indicates that the company has a structured approach to compliance and verification, with clear delineation of responsibilities between management and auditors.Key Highlights of Lloyds Engineering Works Limited:

1. Corporate Identity and Background:

   • CIN: L28900MH1994PLC081235
   • Name: Lloyds Engineering Works Limited (formerly Lloyds Steels Industries Limited)
   • Incorporation Year: 1994
   • Registered Office: Thane, Maharashtra
   • Corporate Office: Lower Parel, Mumbai

2. Financial and Stock Information:

   • Financial Year: 2023-24
   • Stock Exchanges: Listed on NSE and BSE
   • Paid-up Capital: Rs. 1,14,46,29,492

3. Business Activities:

   • Primary Activity: Design, Engineering, Manufacturing, and Supply of Process Equipment and Systems, and Turnkey Plants (94.10% of turnover)
   • Secondary Activity: Trading in steel products (5.90% of turnover)

4. Products/Services:

   • Main Product/Service: Process Equipment, Packages, and LSTK Projects (94.10% of turnover)
   • Secondary Product/Service: Wholesale of metals and metal ores (5.90% of turnover)

5. Operations:

   • National Presence: 8 plants and 4 offices across India
   • International Presence: None

6. Assurance and Certifications:

   • Assurance Provider: SGS India Private Limited
   • Certifications: ISO 9001: 2015 & ISO 45001

7. Contact for Queries:

   • Contact Person: Mr. Deepak Obhan, Vice President – HR
   • Email: [email protected]
   • Phone: 9821650707

Summary: Lloyds Engineering Works Limited is a well-established company with a strong focus on the design, engineering, manufacturing, and supply of process equipment and turnkey plants, contributing to the majority of its revenue. It is listed on major Indian stock exchanges and holds significant certifications, indicating a commitment to quality and safety standards. The company has a substantial national presence with multiple plants and offices.Key Highlights of Lloyds Engineering Works Limited (30th Annual Report 2023-24):

1. Market Presence:

   • National: Operates in 28 states across India.
   • International: Currently seeking opportunities in the international market.
   • Exports: No contribution from exports to the total turnover.

2. Customer Segments:

   • Serves various industries including hydrocarbon, chemicals, minerals, steel/power plants, and marine industry.

3. Employee Details:

   • Total Employees: 242 (227 males, 15 females).
   • Total Workers: 177 (all males).
   • Female Representation: 6.20% of total employees.
   • Differently Abled Employees: None.

4. Women Representation:

   • Board of Directors: 1 female out of 9 members (11.11%).
   • Key Management Personnel: 1 female out of 2 members (50%).

5. Employee Turnover Rate:

   • Permanent Employees (2023-24): 15.25% (Male: 12.98%, Female: 2.27%).
   • Permanent Workers (2023-24): 4.54%.

6. Corporate Structure:

   • Holding Company: Lloyds Enterprises Limited.
   • Former Associate Company: Lloyds Infrastructure and Construction Limited (ceased to be an associate on 28th March 2024).

These highlights provide a snapshot of the company's market presence, customer base, workforce composition, and corporate structure, which can help in making an informed investment decision.### Key Highlights for Investment Consideration:

1. Financial Performance:

   • Turnover: ₹624.24 Crore
   • Net Worth: ₹411.20 Crore

2. Corporate Social Responsibility (CSR):

   • CSR is applicable as per Section 135 of the Companies Act, 2013.

3. Transparency and Disclosures:

   • No complaints or grievances were reported across various stakeholder groups (communities, investors, shareholders, employees, customers, value chain partners) for the financial years 2022-23 and 2023-24.

4. Material Responsible Business Conduct Issues:

   • Opportunities:
     • Motivation of Employees and Workers: Positive financial implications.
     • Customer Satisfaction: Positive financial implications.
   • Risks:
     • Health and Safety: Certified for ISO45001, indicating adherence to international standards. Negative financial implications.
     • Business Ethics: Whistleblower policy in place. Negative financial implications.
     • Sustainable Supply Chain: Compliance with labor and industrial laws. Negative financial implications.
     • Corporate Governance: Regular policy reviews and board updates. Negative financial implications.
     • Skilled Manpower: Regular skill upgradation and training. Negative financial implications.

Summary:

The company demonstrates strong financial health with significant turnover and net worth. It adheres to CSR requirements and maintains high transparency with no reported grievances. Key opportunities lie in employee motivation and customer satisfaction, while risks are managed through certifications, policies, and compliance measures. The company’s proactive approach to health and safety, business ethics, and corporate governance, despite their negative financial implications, indicates a commitment to sustainable and responsible business practices.Key Highlights of Lloyds Engineering Works Limited (30th Annual Report 2023-24):

1. Ethical Governance: The company emphasizes conducting business with integrity, transparency, and accountability.

2. Sustainability and Safety: Commitment to providing sustainable and safe goods and services.

3. Employee Well-being: Focus on the well-being of all employees, including those in the value chain.

4. Stakeholder Responsiveness: Respecting and being responsive to the interests of all stakeholders.

5. Human Rights: Promotion and respect for human rights.

6. Environmental Protection: Efforts to protect and restore the environment.

7. Responsible Policy Engagement: Engaging in public and regulatory policy responsibly and transparently.

8. Inclusive Growth: Promotion of inclusive growth and equitable development.

9. Consumer Responsibility: Engaging with and providing value to consumers responsibly.

10. Policy Implementation: All principles and core elements of the NGRBCs are covered by policies approved by the board and translated into procedures, extending to value chain partners.

11. Certifications: The company has adopted several international standards, including ISO 45001 and ISO 9001:2015.

12. Web Link for Policies: Policies are accessible at Lloyds Engineering Policies.

This comprehensive approach to ethical governance, sustainability, and stakeholder engagement positions Lloyds Engineering Works Limited as a responsible and potentially attractive investment opportunity.### Key Highlights for Investment Consideration:

1. Business Focus:

   • The company specializes in the design and manufacture of Process Equipment and Systems, as well as turnkey projects.

2. Environmental Commitment:

   • Strong focus on transitioning from fossil fuels to green energy.
   • Aim to use renewable energy across operations to minimize environmental impact.

3. Labor and Efficiency:

   • Recognizes the challenge of skilled labor availability and plans to enhance in-house training programs.
   • Introduction of the latest technology to increase manufacturing efficiency and reduce power consumption.

4. Corporate Social Responsibility (CSR):

   • Active CSR program focused on improving community life, particularly through nutrition initiatives.
   • Partnership with NGO Akshaya Chaitanya to provide hot, nutritious meals to over 14,000 people daily in Mumbai.

5. Governance and Oversight:

   • Chief Financial Officer, Mr. Kalpesh Prakash Agrawal, is responsible for the Business Responsibility policy.
   • CSR and Safety Committees handle sustainability and environmental issues.

6. Policy Review and Compliance:

   • Regular review of policies by the Board and Executive officials.
   • Compliance with statutory requirements and principles.
   • Independent assessments by external agency SGS India, covering ISO 9001 and ISO 45001 standards.

Conclusion:

The company demonstrates a strong commitment to sustainability, efficient operations, and social responsibility, making it a potentially attractive investment opportunity.Key Highlights of Lloyds Engineering Works Limited (30th Annual Report 2023-24):

1. Ethical Governance: The company emphasizes conducting business with integrity, transparency, and accountability. They have policies in place to promote ethical behavior and social responsibility.

2. Training and Awareness:

   • Key Managerial Personnel (KMP): Conducted 3 training programs covering skill upgradation, human rights, environmental protection, and health benefits. 60% of KMPs participated.
   • Employees: Conducted 3 training programs with 40% participation.

3. No Legal Issues: There were no fines, penalties, or disciplinary actions reported against the company, its directors, KMPs, employees, or workers for the financial year.

4. Anti-Corruption Policy: The company has an anti-corruption and anti-bribery policy, details of which are available on their website.

5. Conflict of Interest: No complaints regarding conflicts of interest were reported.

These highlights suggest that Lloyds Engineering Works Limited is committed to ethical practices, employee development, and has a clean legal record, making it a potentially sound investment.### Key Highlights for Investment Consideration:

1. Regulatory Compliance:

   • No fines, penalties, or actions taken by regulators, law enforcement agencies, or judicial institutions related to corruption and conflicts of interest.

2. Accounts Payable:

   • Significant improvement in the number of days of accounts payable, decreasing from 37.49 days in FY 2022-23 to 20.72 days in FY 2023-24. This indicates better payment efficiency and potentially stronger supplier relationships.

3. Purchases Concentration:

   • High concentration of purchases from trading houses, accounting for approximately 64% of total purchases in both FY 2022-23 and FY 2023-24.
   • Purchases from the top 10 trading houses constitute around 75-80% of total purchases from trading houses, indicating a reliance on a few key suppliers.

4. Conflict of Interest Management:

   • The company has a robust process to manage conflicts of interest involving Board members, ensuring decisions are made in the best interest of the company.

5. Sustainability and Safety:

   • No specific data provided on R&D and capital expenditure investments aimed at improving environmental and social impacts, suggesting a potential area for future development.

Summary:

The company demonstrates strong regulatory compliance and improved payment efficiency. However, it has a high concentration of purchases from a limited number of trading houses, which could pose a risk. The management of conflicts of interest is well-handled, ensuring ethical governance. The lack of specific investments in sustainability and safety improvements could be a concern for socially responsible investors.### Key Highlights of Lloyds Engineering Works Limited (30th Annual Report 2023-24)

1. Sustainable Sourcing:

   • The company has procedures in place for sustainable sourcing.
   • Vendors are evaluated based on Environment, Health, and Safety parameters as per ISO-45001 standards.

2. Waste Management:

   • The company does not have specific products to reclaim at the end of life.
   • Systems are in place at project and operation sites to recycle, reuse, and dispose of waste in compliance with regulatory requirements.

3. Extended Producer Responsibility (EPR):

   • EPR is not applicable as the company primarily engages in mechanical construction and associated services, not consumer products.
   • The company holds valid consents from the Maharashtra Pollution Control Board for operating under hazardous waste regulations.

4. Employee Well-being:

   • Comprehensive health and accident insurance coverage for all permanent employees.
   • Maternity benefits cover 7% of female employees, and paternity benefits cover 0.9% of male employees.
   • Daycare facilities are not provided.

Summary for Investment Consideration:

Lloyds Engineering Works Limited demonstrates a strong commitment to sustainable practices and regulatory compliance, particularly in waste management and vendor evaluation. The company also ensures comprehensive health and accident insurance for its employees, although benefits like maternity and paternity leave are limited. The absence of consumer products and the non-applicability of EPR reduce potential regulatory burdens. These factors collectively suggest a stable operational environment, making it a potentially sound investment.### Key Highlights of the Company:

1. Employee Well-being Measures:

   • Health and Accident Insurance: No coverage for permanent or non-permanent workers.
   • Maternity and Paternity Benefits: 100% of permanent male workers are covered for paternity benefits.
   • Day Care Facilities: Only 2% of permanent male workers have access to day care facilities.

2. Spending on Employee Well-being:

   • The company spent 0.30% of its total revenue on employee well-being measures in FY 2023-24, slightly down from 0.31% in FY 2022-23.

3. Retirement Benefits:

   • Provident Fund (PF), Gratuity, and ESI: 100% coverage for both employees and workers, with all contributions deducted and deposited with the relevant authorities.

4. Accessibility and Equal Opportunity:

   • The company meets the minimum requirements for accessibility as per the Rights of Persons with Disabilities Act, 2016, but currently has no differently-abled employees or workers.
   • No equal opportunity policy is provided as there are no differently-abled employees.

5. Parental Leave:

   • No data available on return to work and retention rates for permanent employees and workers who took parental leave.

Summary for Investment Consideration:

• The company demonstrates a commitment to basic employee well-being and retirement benefits, ensuring 100% coverage for PF, Gratuity, and ESI.
• Spending on well-being measures is consistent but minimal.
• There is a lack of comprehensive health and accident insurance coverage.
• Accessibility for differently-abled individuals meets minimum legal requirements, but the company does not currently employ any differently-abled individuals.
• No data on parental leave return and retention rates, indicating potential areas for improvement in employee support.

This summary provides a snapshot of the company's employee welfare and compliance with statutory requirements, which can be a factor in investment decisions.Key Highlights of Lloyds Engineering Works Limited (30th Annual Report 2023-24):

1. Grievance Redressal Mechanism:

   • Permanent Workers: Grievances addressed through Union committee.
   • Other than Permanent Workers: Grievances addressed through Supervisor and Contractor.
   • Permanent Employees: Grievances addressed by email through Head of Department (HOD).
   • Other than Permanent Employees: Grievances addressed by email through HOD.

2. Union Membership:

   • Permanent Workers: 100% union membership for both FY 2023-24 and FY 2022-23.
   • Permanent Employees: No data provided on union membership.

3. Training Programs:

   • Employees (FY 2023-24):
     • Male: 72% trained on health and safety measures, 28% on skill upgradation.
     • Female: 50% trained on health and safety measures, 50% on skill upgradation.
   • Workers (FY 2023-24): 100% male workers trained on health and safety measures.

4. Performance and Career Development Reviews:

   • Employees (FY 2023-24):
     • Male: 80% received performance reviews.
     • Female: 92.85% received performance reviews.
   • Workers (FY 2023-24): 52.3% male workers received performance reviews.

These highlights indicate a strong focus on employee and worker welfare, with comprehensive grievance mechanisms, high union membership among workers, significant training initiatives, and regular performance reviews. This could be a positive indicator for potential investors like Person X.### Key Highlights for Investment Consideration:

1. Health and Safety Certification:

   • The company is ISO 45001:2018 certified, indicating a robust occupational health and safety management system.

2. Risk Assessment and Reporting:

   • Utilizes HIRA (Hazards Identification and Risk Assessment) for routine and non-routine hazard identification.
   • Processes in place for workers to report hazards and remove themselves from risks.

3. Medical and Healthcare Services:

   • First aid facilities are available for both employees and workers.

4. Safety Incident Record:

   • Zero incidents reported for Lost Time Injury Frequency Rate (LTIFR), total recordable work-related injuries, fatalities, and high consequence work-related injuries for both employees and workers in the past two financial years.

5. Safety Measures:

   • Comprehensive safety measures including Standard Operating Procedures, work permit systems, specific training, daily Tool Box Talks, mandatory PPE, and regular safety inductions and refreshment training.

6. Complaint Record:

   • No complaints filed regarding working conditions or health and safety in the past two financial years.

7. Assessment and Audits:

   • 100% of plants and offices assessed for health & safety practices and working conditions.
   • Regular internal and external audits due to ISO 45001 certification.

8. Corrective Actions:

   • Implementing cable jointing systems to avoid electric exposure.
   • Lux monitoring to improve lighting conditions.
   • Work permits for radiography to control related hazards.

Conclusion:

The company demonstrates a strong commitment to health and safety, with zero reported incidents and comprehensive safety measures in place. Regular assessments and audits ensure ongoing compliance and improvement. This robust safety culture could be a positive indicator for potential investors like Person X.Key Highlights of Lloyds Engineering Works Limited (30th Annual Report 2023-24):

1. Employee and Worker Welfare:

   • Insurance Policies: The company provides a group accident policy and health insurance of ₹2 lakh for all employees. A new "Life After Death" policy offers financial support to nominees for three years post an employee's death.
   • Retirement Benefits: Transition assistance and benefits are provided to all employees as per company policy and statutory requirements.

2. Statutory Compliance:

   • The company ensures that statutory dues are deposited by value chain partners, such as verifying GST payments before releasing payments.

3. Safety Record:

   • No high-consequence work-related injuries, ill-health, or fatalities were reported, and no rehabilitation or employment placement was necessary for affected employees or their families.

4. Stakeholder Engagement:

   • Suppliers/Contractors: Critical for sourcing materials and meeting delivery and cost objectives.
   • Government: Contributes 7.45% of the order book, influencing policies and future sector plans.
   • Customers: Private sector clients make up 92.55% of the order book, with many being long-term, repeat clients.
   • Shareholders and Investors: Provide essential financial resources and influence company plans through voting rights.
   • Employees and Workers: Considered key stakeholders, crucial for the company's development and growth.

These highlights indicate a company committed to employee welfare, statutory compliance, and strong stakeholder relationships, making it a potentially stable and responsible investment opportunity.Key Highlights of the Company:

1. Stakeholder Engagement:

   • Employees and Workers: Regular engagement through satisfaction surveys, corporate messages, and welfare initiatives. Focus on growth, benefits, and professional development.
   • Shareholders and Investors: Communication via press releases, quarterly results, annual reports, AGMs, and dedicated investor grievance channels. Aim to understand and meet their expectations.
   • Customers: Interaction through email, SMS, website, and exhibitions. Emphasis on customer satisfaction, feedback, and project execution challenges.
   • Suppliers/Contractors: Regular meetings to address needs, expectations, and supply chain issues.
   • Government: Compliance and reporting through press releases, quarterly results, and stock exchange filings.

2. Leadership and Governance:

   • The company has established various committees (CSR Committee, Stakeholder’s Relationship Committee) for economic, environmental, and social governance.
   • These committees, chaired by Independent Directors, meet periodically to review the company's performance in their respective areas.

Investment Consideration:

• Strong stakeholder engagement practices.
• Robust governance structure with independent oversight.
• Focus on employee welfare and customer satisfaction.
• Active communication with shareholders and investors.
• Compliance with government regulations and reporting requirements.Key Highlights of Lloyds Engineering Works Limited (30th Annual Report 2023-24):

1. Human Rights Training:

   • Employees:
     • All 93 employees (both permanent and non-permanent) received training on human rights issues and policies in FY 2023-24, maintaining a 100% coverage rate from the previous year.
   • Workers:
     • All 42 permanent workers received human rights training in both FY 2023-24 and FY 2022-23, maintaining a 100% coverage rate.

2. Minimum Wages:

   • Employees:
     • In FY 2023-24, all 221 permanent male employees and 14 permanent female employees were paid more than the minimum wage, maintaining a 100% rate from the previous year.
     • Non-permanent employees (6 males and 1 female) were also paid more than the minimum wage, maintaining a 100% rate.
   • Workers:
     • All 42 permanent male workers were paid more than the minimum wage in FY 2023-24, consistent with the previous year.
     • 135 non-permanent male workers were also paid more than the minimum wage in FY 2023-24.

Summary for Investment Consideration: Lloyds Engineering Works Limited demonstrates a strong commitment to human rights and fair compensation. The company ensures 100% of its employees and workers receive training on human rights and are paid more than the minimum wage. This reflects positively on the company's ethical practices and employee welfare, making it a potentially attractive investment opportunity.Key Highlights of the Company:

1. Remuneration Overview:

   • Board of Directors (BoD): Median remuneration for male directors is Rs. 56.41 lakh.
   • Key Managerial Personnel (KMP): Median remuneration for male KMPs is Rs. 32.97 lakh, while for female KMPs it is Rs. 5.21 lakh.
   • Employees (excluding BoD and KMP): Median remuneration for male employees is Rs. 3.25 lakh, and for female employees, it is Rs. 2.76 lakh.
   • Workers: Median remuneration for male workers is Rs. 5.32 lakh. No female workers are employed.

2. Gender Wage Distribution:

   • No female workers are employed in the factory, hence no data on gross wages paid to females as a percentage of total wages.

3. Human Rights and Grievance Redressal:

   • The HR head is responsible for addressing human rights impacts or issues.
   • Grievances are first addressed by respective HODs or Project Managers, with HR involvement for disciplinary actions.

4. Complaints and Issues:

   • No complaints were filed regarding sexual harassment, discrimination, child labor, forced labor, wages, or other human rights issues in both FY 2023-24 and FY 2022-23.

5. Sexual Harassment:

   • No complaints were reported under the Sexual Harassment of Women at Workplace (Prevention, Prohibition, and Redressal) Act, 2013, in both FY 2023-24 and FY 2022-23.

Summary for Investment Consideration: The company demonstrates a structured approach to remuneration with clear distinctions across different roles. It has robust mechanisms for addressing human rights issues and maintains a clean record with no reported complaints on various fronts, including sexual harassment and discrimination. This indicates a stable and compliant work environment, which can be a positive indicator for potential investors.Key Highlights of Lloyds Engineering Works Limited (30th Annual Report 2023-24):

1. Ethical Practices and Employee Protection:

   • The company has implemented a POSH (Prevention of Sexual Harassment) policy and a Whistle Blower Policy to encourage reporting of unethical practices and wrongdoings.
   • A system for "Protected Disclosure" is in place to ensure confidentiality and protection for whistleblowers.

2. Human Rights Compliance:

   • Business agreements and contracts include compliance with labor and industrial laws, ESIC, safe working procedures, and group insurance policies.
   • 100% of plants and offices were assessed for child labor, forced labor, and sexual harassment through ISO 45001 audits and POSH policy implementation.

3. Audit and Risk Management:

   • No significant risks were identified during the audits related to human rights compliance.
   • The company conducts annual internal and external audits to meet ISO 45001 standards, covering health and safety requirements.

4. Energy Consumption:

   • The report does not provide specific figures for total energy consumption or energy intensity from renewable sources for the current and previous financial years.

Investment Consideration: Lloyds Engineering Works Limited demonstrates a strong commitment to ethical practices, human rights compliance, and employee protection. The company also adheres to international health and safety standards through regular audits. However, specific data on energy consumption is not provided, which might be a consideration for investors focused on environmental sustainability.### Key Highlights for Investment Consideration:

1. Energy Consumption:

   • Increase in Total Energy Consumption: The total energy consumption from non-renewable sources increased from 3,145.1 GJ in FY 2022-23 to 4,686.93 GJ in FY 2023-24.
   • Energy Intensity Improvement: Energy intensity per rupee of turnover improved from 10.061 in FY 2022-23 to 7.51 in FY 2023-24, indicating better energy efficiency relative to revenue.

2. Water Usage:

   • Increase in Water Withdrawal: Total water withdrawal increased from 14,678 kilolitres in FY 2022-23 to 23,435 kilolitres in FY 2023-24.
   • Water Intensity Improvement: Water intensity per rupee of turnover improved from 46.95 in FY 2022-23 to 37.54 in FY 2023-24, indicating better water usage efficiency relative to revenue.

3. External Assessments:

   • No independent assessment or evaluation has been carried out by an external agency for both energy and water consumption, as the company considers its consumption levels to be low.

4. Regulatory Compliance:

   • The company does not have any sites or facilities identified as designated consumers under the Performance, Achieve, and Trade (PAT) Scheme of the Government of India.

Summary:

The company has shown significant improvements in both energy and water usage efficiency relative to its revenue. Despite an increase in absolute consumption figures, the efficiency metrics indicate better resource management. However, the lack of external assessments might be a point to consider for thorough due diligence.### Key Highlights of Lloyds Engineering Works Limited (30th Annual Report 2023-24)

1. Water Discharge:

   • The company does not discharge any water to surface water, groundwater, seawater, third parties, or other destinations.
   • No independent assessment or evaluation by an external agency is applicable as there is no water discharge.

2. Zero Liquid Discharge:

   • The company has implemented a Zero Liquid Discharge mechanism.
   • Wastewater is treated using an STP (Sewage Treatment Plant) and is repurposed for gardening.

3. Air Emissions:

   • No data on air emissions (NOx, SOx, Particulate Matter, POP, VOC, HAP, or others) for both FY 2023-24 and FY 2022-23.
   • No independent assessment or evaluation by an external agency has been carried out.

4. Greenhouse Gas Emissions:

   • No data available for Scope 1 and Scope 2 greenhouse gas emissions for both FY 2023-24 and FY 2022-23.

Summary for Investment Consideration:

• Environmental Responsibility: The company demonstrates a commitment to environmental responsibility by implementing a Zero Liquid Discharge mechanism and repurposing treated wastewater.
• Lack of Emission Data: Absence of data on air emissions and greenhouse gas emissions may indicate either low emissions or a lack of comprehensive environmental reporting.
• No External Assessments: The company has not undergone any independent assessments or evaluations for its environmental impact, which might be a point of consideration for investors focused on sustainability.

This summary provides a snapshot of the company's environmental practices, which could be a positive indicator for environmentally conscious investors. However, the lack of detailed emissions data and external assessments might require further inquiry.### Key Highlights of the Company for Investment Consideration:

1. Greenhouse Gas Emissions:

   • The company has not reported any data on Scope 1 and Scope 2 greenhouse gas (GHG) emissions intensity for both the current and previous financial years.
   • No independent assessment or external evaluation has been carried out regarding GHG emissions.

2. Waste Management:

   • The total waste generated has increased from 480 metric tonnes in FY 2022-23 to 513.76 metric tonnes in FY 2023-24.
   • The waste intensity per rupee of turnover has improved, decreasing from 1.54 in the previous year to 0.82 in the current year.
   • The company primarily generates scrap steel as non-hazardous waste.
   • No data is available on the recycling, re-using, or other recovery operations for the waste generated.

3. Environmental Projects:

   • The company does not have any projects related to reducing greenhouse gas emissions.

Summary:

The company shows an improvement in waste management efficiency, as indicated by the reduced waste intensity per rupee of turnover. However, it lacks transparency and initiatives in greenhouse gas emissions management and does not have any ongoing projects to reduce GHG emissions. This could be a potential area of concern for environmentally conscious investors.Key Highlights of Lloyds Engineering Works Limited (30th Annual Report 2023-24):

1. Waste Management:

   • Total waste disposed increased from 480 metric tonnes in FY 2022-23 to 513.8 metric tonnes in FY 2023-24.
   • Only steel scrap is generated; no hazardous waste is produced.

2. Environmental Compliance:

   • The company is compliant with all applicable environmental laws and regulations, including those set by the Maharashtra Pollution Control Board.
   • No non-compliance issues, fines, or penalties reported.

3. Operations in Ecologically Sensitive Areas:

   • No operations or offices are located in ecologically sensitive areas.
   • No environmental impact assessments were required or conducted.

4. Water and Emissions:

   • No facilities are located in areas of water stress.
   • Scope 3 emissions are not applicable.

5. Biodiversity Impact:

   • No significant direct or indirect impact on biodiversity reported.

Summary for Investment Consideration: Lloyds Engineering Works Limited demonstrates strong environmental compliance and responsible waste management practices, with no hazardous waste generation and adherence to regulatory requirements. The company does not operate in ecologically sensitive areas, minimizing environmental risks. This responsible environmental stewardship may be a positive indicator for potential investors.### Key Highlights for Investment Consideration:

1. Resource Efficiency and Environmental Initiatives:

   • The company has minimized steel scrap generation at the design stage, indicating a focus on resource efficiency and waste reduction.

2. Business Continuity and Disaster Management:

   • ISO 45001 is implemented, which includes an Emergency Response Plan. Annual emergency mock drills are conducted, with the last one held on February 1, 2024.

3. Environmental Impact:

   • No significant adverse environmental impacts have been reported from the company's value chain.

4. Regulatory and Public Policy Engagement:

   • The company is affiliated with several national trade and industry chambers, including the Directorate of Steam Boilers, Engineers India Limited, Projects and Development India Limited, and the Petroleum and Explosives Safety Organisation.

5. Anti-Competitive Conduct:

   • No issues related to anti-competitive conduct have been reported.

6. Social Impact and Community Engagement:

   • No Social Impact Assessments (SIA) or Rehabilitation and Resettlement (R&R) projects are currently applicable or undertaken by the company.

Summary:

The company demonstrates a strong commitment to resource efficiency, environmental responsibility, and business continuity. It maintains affiliations with key national trade and industry bodies and has a clean record regarding anti-competitive conduct. However, it appears to have limited engagement in social impact projects and community grievance mechanisms.Key Highlights of Lloyds Engineering Works Limited (30th Annual Report 2023-24):

1. Procurement and Sourcing:

   • MSMEs/Small Producers: Decrease in sourcing from MSMEs/small producers (2.56% in FY 2023-24 from 4.8% in FY 2022-23).
   • Domestic Sourcing: Slight decrease in sourcing directly from within India (72% in FY 2023-24 from 76% in FY 2022-23).

2. Job Creation and Wages:

   • Rural Employment: Significant decrease in wages paid to rural employees (1.36% in FY 2023-24 from 4.55% in FY 2022-23).
   • Metropolitan Employment: Slight increase in wages paid to metropolitan employees (1.32% in FY 2023-24 from 1.07% in FY 2022-23).

3. Procurement Policy:

   • The company does not have a preferential procurement policy for marginalized/vulnerable groups due to the nature of its bulk procurement from steel manufacturing industries.

4. Intellectual Property:

   • No intellectual properties acquired based on traditional knowledge in the current financial year.
   • No adverse orders or disputes related to intellectual property involving traditional knowledge.

5. Corporate Social Responsibility (CSR):

   • Bal Sikhsa Ahara Feeding Program: Benefitted 1,09,183 persons, all from vulnerable and marginalized groups.
   • Swastha Ahara Feeding Program: Benefitted 28 persons, all from vulnerable and marginalized groups.

6. Consumer Engagement:

   • The company has a mechanism to collect customer feedback every six months and responds via email as per its Quality Management System (QMS).

These highlights provide a snapshot of the company's operational focus, social responsibility initiatives, and consumer engagement practices, which can help Person X make an informed investment decision.### Key Highlights of the Company:

1. Product Focus:

   • The company manufactures heavy process equipment and does not have specific consumer products.

2. Consumer Complaints:

   • No consumer complaints were received or pending in the areas of data privacy, advertising, cyber-security, delivery of essential services, restrictive trade practices, or unfair trade practices for both FY 2022-23 and FY 2023-24.

3. Product Recalls:

   • There were no voluntary or forced product recalls due to safety issues.

4. Cyber Security and Data Privacy:

   • The company does not have a framework or policy on cyber security and data privacy risks.
   • There were no instances of data breaches reported.

5. Regulatory Compliance:

   • No corrective actions were needed or taken regarding advertising, delivery of essential services, cyber security, data privacy, product recalls, or penalties from regulatory authorities.

6. Customer Information:

   • Information on the company's products and services can be accessed on their website: www.lloydsengg.in.
   • Customers are provided with installation, operation, and maintenance manuals to ensure safe usage of products.

Summary for Investment Consideration:

The company appears to have a strong track record in terms of consumer satisfaction and regulatory compliance, with no reported complaints, data breaches, or product recalls. However, the lack of a cyber security and data privacy policy might be a point of concern. The focus on heavy process equipment suggests a stable, industrial market presence.Based on the provided text, here are the key highlights of Lloyds Engineering Works Limited from their 30th Annual Report for 2023-24:

1. Company Name: Lloyds Engineering Works Limited
2. Annual Report: 30th Annual Report for the fiscal year 2023-24
3. Financial Statements: The report includes detailed financial statements, indicating a comprehensive overview of the company's financial health.

For a more informed investment decision, it would be essential to review the full financial statements, including revenue, profit margins, liabilities, and other key financial metrics.### Key Highlights of Lloyds Engineering Works Limited

1. Audit Opinion:

   • The financial statements for the year ending 31st March 2024 present a true and fair view of the company's financial position, in compliance with Indian Accounting Standards (Ind AS) and the Companies Act, 2013.

2. Investment in Shares:

   • The company initially held a 50% stake in Lloyds Infrastructure & Construction Limited (LICL), which was reduced to 12.25% by the end of FY 2023-24.
   • The reduction in stake resulted from an increase in LICL's authorized and issued capital and a partial sale of shares.
   • The company received the consideration for the sale before 31st March 2024 and no longer exercises control over LICL.

3. Capital Work in Progress (CWIP):

   • The CWIP decreased significantly from Rs. 2,555.31 Lakhs in the previous year to Rs. 1,064.66 Lakhs by the end of FY 2023-24.

4. Audit Assurance:

   • The audit was conducted in accordance with the Standards on Auditing (SAs) and the auditors found sufficient and appropriate evidence to support their opinion.

5. Ethical Compliance:

   • The auditors confirmed their independence and adherence to ethical requirements as per the Code of Ethics issued by the Institute of Chartered Accountants of India.

Summary for Investment Consideration

Lloyds Engineering Works Limited has demonstrated a stable financial position with a true and fair view of its financial statements. The company has strategically managed its investments and reduced its Capital Work in Progress, indicating efficient capital utilization. The audit report confirms compliance with ethical standards and provides a positive outlook on the company's financial health, making it a potentially sound investment opportunity.### Key Highlights of Lloyds Engineering Works Limited (30th Annual Report 2023-24)

1. Capital Work in Progress (CWIP) Audit:

   • The audit evaluated the completeness, accuracy, and internal controls over the capitalization of project costs as CWIP.
   • Ensured compliance with IND AS 16 ‘Property, Plant and Equipment’.

2. Optionally Fully Convertible Debentures (OFCD):

   • Issued 1,51,80,000 OFCDs in FY 2021-22, convertible into equity shares within 18 months.
   • In 2023, 1,51,80,000 equity shares were allotted upon conversion of these OFCDs at a premium of Rs. 12.65 each.

3. Convertible Warrants:

   • In November 2021, 16,50,00,000 convertible warrants were allotted to the Promoter/Promoter Group.
   • In May 2023, 7,50,00,000 of these warrants were converted into equity shares at a premium of Rs. 2.86 each.

4. Right Issues:

   • In January 2024, 6,34,64,610 shares were allotted to equity shareholders through a Rights Issue at Rs. 15.50 per share, raising Rs. 9,837.01 lakhs.

5. Audit and Financial Integrity:

   • The audit confirmed the proper accounting treatment and full receipt of consideration for OFCDs, warrants, and right issues.
   • No material misstatements were found in the other information provided by the company.

6. Management Responsibility:

   • The Board of Directors is responsible for the preparation of financial statements, safeguarding assets, and ensuring accurate and complete accounting records.
   • The company follows Indian Accounting Standards and maintains effective internal financial controls.

Investment Consideration

Lloyds Engineering Works Limited has demonstrated strong financial management and compliance with accounting standards. The successful conversion of debentures and warrants, along with a substantial rights issue, indicates robust capital management and shareholder value creation. The audit report confirms the integrity of financial practices, making it a potentially sound investment opportunity.### Key Highlights for Investment Consideration:

1. Audit Assurance:

   • The auditors have provided reasonable assurance that the financial statements are free from material misstatements, whether due to fraud or error.

2. Internal Controls:

   • The company has adequate internal financial controls in place, and these controls are operating effectively.

3. Compliance:

   • The financial statements comply with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013.
   • Proper books of account have been maintained as required by law.

4. Financial Health:

   • No financial transactions or matters have adversely affected the functioning of the company.
   • The company’s financial statements (Balance Sheet, Statement of Profit and Loss, Cash Flow Statement) are in agreement with the books of account.

5. Director Qualifications:

   • None of the directors are disqualified from being appointed as a director as per Section 164 (2) of the Companies Act, 2013.

6. Ethical Standards:

   • The auditors have complied with relevant ethical requirements regarding independence.

7. Regulatory Compliance:

   • The company has met the requirements of the Companies (Auditor’s Report) Order, 2020, and Section 143(3) of the Companies Act, 2013.

These highlights suggest that the company maintains strong financial health, robust internal controls, and compliance with regulatory standards, making it a potentially sound investment opportunity.Key Highlights of Lloyds Engineering Works Limited (30th Annual Report 2023-24):

1. Clean Audit Report: The auditors have not made any qualifications, reservations, or adverse remarks regarding the maintenance of accounts and other related matters.

2. Director Remuneration Compliance: The remuneration paid to the company's directors complies with Section 197 of the Companies Act.

3. Effective Internal Financial Controls: The company has adequate internal financial controls over financial reporting, and these controls are operating effectively.

4. Pending Litigations: The company has disclosed all pending litigations that may impact its financial position.

5. No Material Losses from Contracts: There are no long-term contracts or derivative contracts that could result in material foreseeable losses.

6. Investor Education and Protection Fund: No amounts were required to be transferred to this fund during the year.

7. No Misuse of Funds: The management has confirmed that no funds have been advanced, loaned, or invested in other entities with the understanding that they would be further lent or invested in other entities. Similarly, no funds have been received with such an understanding.

8. Dividend Compliance: The final dividend paid and proposed is in accordance with Section 123 of the Companies Act.

9. Audit Trail: The company uses accounting software with an audit trail feature, which has been operational throughout the year without any instances of tampering.

These highlights suggest that Lloyds Engineering Works Limited maintains strong financial controls, complies with relevant regulations, and has transparent financial practices, making it a potentially sound investment.### Key Highlights of the Company:

1. Property, Plant, and Equipment:

   • The company maintains proper records of its fixed and intangible assets.
   • Physical verification of fixed assets was conducted, and no material discrepancies were found.
   • Title deeds of immovable properties are generally held in the company's name, with minor exceptions due to historical reasons.

2. Inventory Management:

   • Inventory was physically verified, and no material discrepancies were noted.

3. Financial Position:

   • The company has not been sanctioned any working capital limits exceeding five crore rupees from banks or financial institutions.
   • No revaluation of property, plant, equipment, or intangible assets was done during the year.
   • No proceedings are pending against the company under the Prohibition of Benami Property Transactions Act.

4. Loans and Investments:

   • The company has granted loans and made investments during the year.
   • Loans provided during the year amounted to Rs. 3,697 lakhs, with an outstanding balance of Rs. 1,887 lakhs as of 31st March 2024.

5. Legal and Compliance:

   • The company is compliant with maintaining proper records and has no significant legal issues pending.

These highlights suggest that the company maintains good asset management practices, has a stable financial position, and adheres to legal and regulatory requirements, making it a potentially sound investment.### Key Highlights of Lloyds Engineering Works Limited (30th Annual Report 2023-24)

1. Loan Management:

   • The terms and conditions of loans given are not prejudicial to the company's interest.
   • The company has a stipulated schedule for repayment of principal and interest.
   • No overdue amounts for more than ninety days in respect of loans given during the year.
   • No loans have been renewed or extended to settle overdue amounts.
   • No loans are repayable on demand or without specified terms.

2. Compliance:

   • The company complies with sections 185 and 186 of the Companies Act, 2013, regarding loans, investments, guarantees, and security provisions.
   • No deposits or amounts deemed to be deposits have been accepted.

3. Cost Records:

   • The company maintains prescribed cost records as per section 148(1) of the Companies Act, 2013.

4. Statutory Dues:

   • Regular deposit of statutory dues like GST, Provident Fund, Employees’ State Insurance, Income-tax, Customs Duty, and Cess.
   • No undisputed statutory dues were in arrears for more than six months as of 31st March 2024.
   • Disputed Income Tax dues amounting to ₹1,146.28 lakhs are pending with the Commissioner of Income Tax (Appeals).

5. Financial Integrity:

   • No defaults in repayments to financial institutions and banks.
   • Not declared as a willful defaulter by any bank or financial institution.
   • Term loans have been applied for their intended purposes.
   • No misuse of short-term funds for long-term purposes.

6. Subsidiaries and Associates:

   • The company does not have any subsidiaries, joint ventures, or associates.

7. Securities:

   • No funds raised through initial public offers or further public offers (including debt).

Conclusion

Lloyds Engineering Works Limited demonstrates strong financial management, compliance with statutory requirements, and prudent loan practices. The company has no significant overdue loans, defaults, or misuse of funds. However, there are pending disputed Income Tax dues. Overall, the company appears to be a stable and compliant entity, making it a potentially sound investment opportunity.### Key Highlights of the Company:

1. No Fraud Detected: The audit did not reveal any instances of fraud by or on the company during the year.

2. Compliance with Related Party Transactions: Transactions with related parties comply with Sections 177 and 188 of the Companies Act, 2013, and are disclosed as required by Indian Accounting Standards.

3. Internal Audit System: The company has an internal audit system that is appropriate for its size and nature of business.

4. No Cash Losses: The company did not incur any cash losses in the current or the immediately preceding financial year.

5. No Auditor Resignation: There has been no resignation of statutory auditors during the year.

6. Financial Viability: Based on financial ratios, ageing, and expected dates of realization of financial assets and liabilities, there is no material uncertainty about the company's ability to meet its liabilities within one year from the balance sheet date.

7. No Unspent CSR Amounts: There are no unspent amounts under Section 135 of the Companies Act, 2013, for Corporate Social Responsibility (CSR) activities.

8. No Preferential Allotment: The company has not made any preferential allotment or private placement of shares or convertible debentures during the year.

9. No Non-Cash Transactions with Directors: The company has not entered into any non-cash transactions with its directors or persons connected to its directors.

10. Not a Nidhi Company: The company is not classified as a Nidhi Company.

These highlights suggest a stable financial and operational status, with compliance to regulatory requirements and no significant red flags, making it a potentially viable investment opportunity for Person X.Key Highlights of Lloyds Engineering Works Limited for Potential Investment:

1. Strong Internal Financial Controls:

   • The company has an adequate and effective internal financial control system over financial reporting as of March 31, 2024.
   • These controls are designed to ensure the accuracy and completeness of accounting records and the timely preparation of reliable financial information.

2. Management's Commitment:

   • The management is responsible for establishing and maintaining these internal controls, ensuring the orderly and efficient conduct of business, adherence to company policies, safeguarding assets, and preventing and detecting frauds and errors.

3. Positive Auditor's Opinion:

   • The independent auditors have expressed a positive opinion on the company's internal financial controls, indicating that they are operating effectively in all material respects.

4. Compliance with Standards:

   • The audit was conducted in accordance with the Guidance Note on Audit of Internal Financial Controls over Financial Reporting and the Standards on Auditing issued by the Institute of Chartered Accountants of India (ICAI).

5. Risk Management:

   • The audit procedures included assessing the risk of material weaknesses and evaluating the design and operating effectiveness of internal controls, providing reasonable assurance about the reliability of financial reporting.

These highlights suggest that Lloyds Engineering Works Limited has a robust financial control environment, which is a positive indicator for potential investors like Person X.Based on the provided text, here are the key highlights of the company's financial control environment:

1. Internal Financial Controls: The company has established internal financial controls over financial reporting, which include policies and procedures to maintain accurate records, ensure authorized transactions, and prevent unauthorized use of assets.

2. Compliance with Accounting Principles: The financial statements are prepared in accordance with generally accepted accounting principles (GAAP).

3. Authorization and Assurance: Transactions are recorded and expenditures are made only with the authorization of management and directors, providing reasonable assurance of the accuracy and integrity of financial reporting.

4. Detection of Unauthorized Activities: The controls are designed to detect unauthorized acquisition, use, or disposition of the company's assets in a timely manner, which could materially affect the financial statements.

5. Inherent Limitations: There are inherent limitations to these controls, such as the possibility of collusion or management override, which could lead to undetected material misstatements due to error or fraud.

6. Future Projections: The effectiveness of these controls may change over time due to evolving conditions or compliance levels.

7. Audit Certification: The financial controls have been audited and certified by S Y Lodha & Associates, Chartered Accountants, with Shashank Lodha as the signing partner.

These highlights suggest that the company has a robust framework for financial control and reporting, though it acknowledges potential limitations. This information could be useful for Person X in making an informed investment decision.### Key Highlights of Lloyds Engineering Works Limited (30th Annual Report 2023-24)

1. Significant Growth in Assets:

   • Total Assets increased from Rs. 37,084.99 lakhs in 2023 to Rs. 57,127.82 lakhs in 2024.
   • Non-Current Assets nearly doubled from Rs. 6,216.95 lakhs to Rs. 12,300.19 lakhs.
   • Current Assets also saw a substantial increase from Rs. 30,868.04 lakhs to Rs. 44,827.63 lakhs.

2. Strong Equity Position:

   • Total Equity more than doubled from Rs. 19,536.43 lakhs to Rs. 41,119.81 lakhs.
   • Equity Share Capital increased from Rs. 9,886.98 lakhs to Rs. 11,446.29 lakhs.
   • Other Equity surged from Rs. 9,649.45 lakhs to Rs. 29,673.52 lakhs.

3. Improved Financial Health:

   • Cash and Cash Equivalents saw a significant rise from Rs. 798.66 lakhs to Rs. 12,497.13 lakhs.
   • Trade Receivables increased from Rs. 2,909.45 lakhs to Rs. 15,181.07 lakhs, indicating higher sales or services rendered.

4. Liabilities Management:

   • Total Liabilities slightly decreased from Rs. 17,548.56 lakhs to Rs. 16,008.01 lakhs.
   • Non-Current Liabilities increased from Rs. 898.77 lakhs to Rs. 2,050.79 lakhs, mainly due to higher borrowings and lease liabilities.
   • Current Liabilities decreased from Rs. 16,649.79 lakhs to Rs. 13,957.22 lakhs, showing better short-term debt management.

5. Investments and Deferred Tax Assets:

   • Non-Current Investments increased significantly from Rs. 0.01 lakhs to Rs. 490.01 lakhs.
   • Deferred Tax Assets (Net) increased from Rs. 107.51 lakhs to Rs. 650.29 lakhs, indicating better tax planning and potential future tax benefits.

Summary for Investment Consideration:

Lloyds Engineering Works Limited has shown robust growth in both its asset base and equity, indicating strong financial health and potential for future growth. The significant increase in cash reserves and trade receivables suggests improved operational performance. The company has also managed its liabilities effectively, with a notable decrease in current liabilities. These factors make it a potentially attractive investment opportunity.### Key Highlights of the Company:

1. Revenue Growth:

   • Revenue from Operations: Increased significantly from Rs. 31,260.98 lakhs in FY 2023 to Rs. 62,423.61 lakhs in FY 2024, indicating strong business growth.

2. Profitability:

   • Profit Before Tax: More than doubled from Rs. 4,921.95 lakhs in FY 2023 to Rs. 10,022.19 lakhs in FY 2024.
   • Net Profit: Increased from Rs. 3,682.31 lakhs in FY 2023 to Rs. 7,983.83 lakhs in FY 2024.

3. Expenses:

   • Total Expenses: Increased from Rs. 26,668.66 lakhs in FY 2023 to Rs. 53,145.42 lakhs in FY 2024, reflecting higher operational activity.
   • Cost of Raw Material Consumed: Increased from Rs. 21,905.23 lakhs to Rs. 33,646.66 lakhs, indicating higher production levels.

4. Earnings Per Share (EPS):

   • Basic EPS: Increased from Rs. 0.38 in FY 2023 to Rs. 0.74 in FY 2024.
   • Diluted EPS: Increased from Rs. 0.35 in FY 2023 to Rs. 0.73 in FY 2024.

5. Taxation:

   • Total Tax Expenses: Increased from Rs. 1,239.64 lakhs in FY 2023 to Rs. 2,038.36 lakhs in FY 2024, reflecting higher profitability.

6. Other Comprehensive Income:

   • Total Comprehensive Income: Increased from Rs. 3,714.38 lakhs in FY 2023 to Rs. 8,013.54 lakhs in FY 2024.

Summary:

The company has shown robust growth in revenue and profitability over the past year, with significant increases in both operational income and net profit. The earnings per share have also improved, indicating better returns for shareholders. The increase in expenses is aligned with the higher revenue and production levels. Overall, the financial health and performance of the company appear strong, making it a potentially attractive investment opportunity for Person X.### Key Highlights of Lloyds Engineering Works Limited (2023-24)

1. Equity Share Capital Growth:

   • 2023-24: Increased from Rs. 9,886.98 lakhs to Rs. 11,446.29 lakhs.
   • 2022-23: Increased from Rs. 8,986.98 lakhs to Rs. 9,886.98 lakhs.

2. Other Equity:

   • Total Equity: Grew significantly from Rs. 9,649.45 lakhs in 2023 to Rs. 29,673.52 lakhs in 2024.
   • Retained Earnings: Increased from Rs. 6,166.84 lakhs to Rs. 12,928.51 lakhs.
   • Securities Premium: Increased from Rs. 2,574.00 lakhs to Rs. 15,990.26 lakhs.

3. Profit and Comprehensive Income:

   • Profit for the Year: Rs. 7,983.83 lakhs in 2023-24, up from Rs. 3,682.31 lakhs in 2022-23.
   • Total Comprehensive Income: Rs. 8,013.54 lakhs in 2023-24, up from Rs. 3,714.38 lakhs in 2022-23.

4. Convertible Warrants:

   • Money Received: Rs. 2,171.25 lakhs in 2023-24, down from Rs. 2,605.50 lakhs in 2022-23.
   • Conversion of Convertible Warrants: Rs. 2,145.00 lakhs in 2023-24, down from Rs. 2,574.00 lakhs in 2022-23.

5. Dividends and Expenses:

   • Dividend Paid: Rs. 1,078.88 lakhs in 2023-24, up from Rs. 494.35 lakhs in 2022-23.
   • Transaction Cost for Right Issue: Rs. 174.80 lakhs in 2023-24.
   • Share Based Payment Expenses: Rs. 564.59 lakhs in 2023-24, up from Rs. 186.97 lakhs in 2022-23.

6. Premiums and Reserves:

   • Premium against Right Issue: Rs. 9,202.37 lakhs in 2023-24.
   • Premium against Conversion of Optional Fully Convertible Debentures: Rs. 1,920.27 lakhs in 2023-24.
   • Premium against issue of Shares under ESOP: Rs. 148.62 lakhs in 2023-24.

Summary for Investment Consideration:

Lloyds Engineering Works Limited has shown robust growth in equity share capital and other equity components, with significant increases in retained earnings and securities premium. The company has also reported a substantial profit increase and comprehensive income. Despite higher dividend payouts and transaction costs, the overall financial health appears strong, making it a potentially attractive investment opportunity.### Key Highlights of the Company:

1. Profit Recognition:

   • Recognized profits of Rs. 29.71 lakhs and Rs. 32.07 lakhs from remeasurement of defined Employee Benefit Plan for the years ended March 31, 2024, and 2023, respectively.

2. Equity Issuance:

   • Issued and allotted 7,50,00,000 equity shares at Rs. 3.86 each to warrant holders on May 10, 2023.
   • Allotted 1,51,80,000 equity shares at a premium of Rs. 12.65 each on July 1, 2023, through conversion of 12% Optionally Fully Convertible Debentures (OFCDs).
   • Allotted 6,34,64,610 shares through Rights Issue at Rs. 15.50 per share on January 18, 2024.
   • Allotted 22,86,500 shares under the Employee Stock Option Plan (ESOP) at Rs. 7.50 each.

3. Increase in Paid-up Equity Share Capital:

   • Increased from Rs. 98,86,98,382 to Rs. 1,14,46,29,492.

4. Employee Stock Options:

   • Granted 32,52,200 options on April 27, 2023, under the ESOP at an exercise price of Rs. 9.50 each.

5. Reserves:

   • Capital Reserve: Recognizes profit and loss on equity instruments.
   • Retained Earnings: Represents undistributed accumulated earnings.
   • Share Based Payment Reserve: Cumulative expense for equity-settled transactions.
   • Securities Premium: Amount received over the face value of shares, utilized as per the Companies Act, 2013.

6. Governance:

   • Financial statements audited by S Y Lodha & Associates.
   • Key signatories include Chairman Mukesh R. Gupta, Independent Director Kishore M. Pradhan, CFO Kalpesh P. Agrawal, and Company Secretary Rahima S. Shaikh.

Summary:

The company has shown a consistent profit from employee benefit plans and has significantly increased its equity base through various allotments and conversions. The increase in paid-up equity share capital and active employee stock option plans indicate growth and employee engagement. The reserves are well-defined, ensuring proper financial management. The governance structure appears robust with reputable auditors and experienced board members.### Key Highlights of Lloyds Engineering Works Limited (30th Annual Report 2023-24)

1. Profitability:

   • Profit Before Tax: Increased significantly from Rs. 4,921.95 lakhs in 2022-23 to Rs. 10,022.19 lakhs in 2023-24.

2. Operating Activities:

   • Operating Profit Before Working Capital Changes: Increased from Rs. 5,075.47 lakhs to Rs. 10,671.01 lakhs.
   • Net Cash Used in Operating Activities: Rs. (4,498.28) lakhs, compared to Rs. (310.15) lakhs in the previous year, indicating higher cash outflows.

3. Investing Activities:

   • Net Cash Generated from Investing Activities: Rs. 9,674.95 lakhs, a significant improvement from Rs. (5,365.38) lakhs in the previous year.
   • Capital Expenditure: Increased to Rs. 5,082.53 lakhs from Rs. 3,522.42 lakhs.
   • Proceeds from Sale of Property, Plant & Equipment: Increased to Rs. 879.09 lakhs from Rs. 36.25 lakhs.

4. Working Capital Movements:

   • Trade Receivables: Increased significantly by Rs. 12,271.61 lakhs.
   • Other Current Assets: Decreased by Rs. 5,096.62 lakhs.
   • Trade Payables: Increased by Rs. 322.31 lakhs.
   • Other Current Liabilities: Decreased by Rs. 5,776.83 lakhs.

5. Financial Adjustments:

   • Depreciation and Amortization: Increased to Rs. 404.56 lakhs from Rs. 148.08 lakhs.
   • Interest Income: Slightly increased to Rs. 600.10 lakhs from Rs. 558.58 lakhs.
   • Finance Cost: Increased to Rs. 283.36 lakhs from Rs. 267.88 lakhs.

Summary for Investment Consideration:

Lloyds Engineering Works Limited has shown a strong increase in profitability and operating profit before working capital changes. However, the company experienced higher cash outflows from operating activities. The significant improvement in cash generated from investing activities, despite increased capital expenditure, is a positive sign. The increase in trade receivables and decrease in other current liabilities are notable points for further scrutiny. Overall, the company demonstrates robust financial health with areas that require careful monitoring.### Key Highlights of the Company for Potential Investment:

1. Strong Financing Activities:

   • Significant increase in net cash generated from financing activities: ₹14,231.51 lakhs in 2024 compared to ₹4,564.61 lakhs in 2023.
   • Major proceeds from Right Issue: ₹9,837.01 lakhs in 2024.
   • Proceeds from Long Term Borrowings increased to ₹3,513.02 lakhs from ₹2,721.26 lakhs in 2023.

2. Improved Cash Position:

   • Net increase in cash and cash equivalents: ₹58.28 lakhs in 2024, a significant turnaround from a decrease of ₹1,110.92 lakhs in 2023.
   • Cash and cash equivalents at the end of the period increased to ₹124.35 lakhs from ₹66.07 lakhs in 2023.

3. Equity and Warrants:

   • Proceeds from the issue of Convertible Warrants: ₹2,171.25 lakhs.
   • Proceeds from the issue of Equity Shares under ESOP: ₹171.49 lakhs.

4. Dividend Payments:

   • Dividend paid increased to ₹1,078.88 lakhs in 2024 from ₹494.35 lakhs in 2023, indicating a commitment to returning value to shareholders.

5. Interest Payments:

   • Interest paid decreased to ₹207.58 lakhs from ₹267.80 lakhs, reflecting better debt management.

6. Bank Balances:

   • Significant increase in balance with banks in margin accounts: ₹3,469.78 lakhs in 2024 from ₹732.60 lakhs in 2023.

Conclusion:

The company has shown strong financial health with significant improvements in cash flow from financing activities, a better cash position, and effective debt management. The substantial proceeds from the Right Issue and Convertible Warrants indicate robust investor confidence. These factors make the company a potentially attractive investment opportunity.### Key Highlights of Lloyds Engineering Works Limited:

1. Corporate Identity:

   • Name Change: Formerly known as Lloyds Steels Industries Limited, the company was renamed Lloyds Engineering Works Limited effective July 25, 2023.
   • Listing: Shares are listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
   • Location: Registered office is located in Thane, Maharashtra, India.

2. Business Operations:

   • Core Activities: Engaged in design, engineering, manufacturing, fabrication, supply, erection, and commissioning of various mechanical, hydraulic, structural, and process plant equipment.
   • Specializations: Includes marine loading/unloading arms, truck/wagon loading/unloading arms, columns, pressure vessels, dryers, boilers, power plant, steel plant equipment, and execution of turnkey and EPC projects.

3. Financial Reporting:

   • Compliance: Financial statements are prepared in accordance with Indian Accounting Standards (Ind AS) and the Companies Act, 2013.
   • Presentation: Balance Sheet and Statement of Profit & Loss are presented as per Schedule III of the Companies Act, 2013. Cash Flow Statement follows Ind AS - 7.
   • Approval: Financial statements for the year ending March 31, 2024, were authorized by the Board of Directors on May 2, 2024.

4. Accounting Policies:

   • Basis of Preparation: Financial statements are prepared on an accrual and going concern basis, primarily using historical cost convention.
   • Estimates and Judgments: Preparation involves critical accounting estimates and judgments, which are disclosed in the notes to the financial statements.

5. Financial Metrics:

   • Currency: All amounts are reported in Lakhs of Indian Rupees.
   • Materiality Threshold: Individual items of income/expenses above Rs. 10,000/- are accrued.

Investment Consideration:

Lloyds Engineering Works Limited demonstrates a robust operational framework with a diversified portfolio in engineering and manufacturing sectors. The company adheres to stringent financial reporting standards, ensuring transparency and compliance. The recent name change and continued listing on major stock exchanges reflect its evolving brand and market presence. Potential investors should consider these factors along with detailed financial performance metrics before making investment decisions.Key Highlights of the Company for Investment Consideration:

1. Fair Value Measurement: The company adheres to fair value measurement principles, ensuring assets and liabilities are valued accurately using appropriate valuation techniques.

2. Foreign Currency Transactions: The company handles foreign currency transactions efficiently, translating monetary assets and liabilities at the closing exchange rate on the reporting date, which impacts the profit and loss statement.

3. Current vs. Non-Current Classification: The company classifies assets and liabilities based on their liquidity and operational cycle, providing clear insights into short-term and long-term financial health.

4. Property, Plant, and Equipment (PPE): The company recognizes PPE as assets only if future economic benefits are probable and costs can be measured reliably. PPE is initially recorded at cost and subsequently at cost less accumulated depreciation and impairment losses, ensuring accurate asset valuation.

These highlights indicate a company with robust financial management practices, making it a potentially sound investment.### Key Highlights of Lloyds Engineering Works Limited (30th Annual Report 2023-24)

1. Depreciation and Asset Management:

   • Depreciation is calculated using the straight-line method over the estimated useful lives of assets, as per Schedule II of the Companies Act.
   • Useful life of assets ranges from 3 to 60 years depending on the category (e.g., Factory Building: 30-60 years, Plant & Machinery: 15 years, Computers: 3-6 years).
   • Regular review and adjustment of useful lives, residual values, and depreciation methods to align with economic benefits.

2. Capital Work-in-Progress:

   • Directly attributable expenditure and interest costs during project construction are accumulated as Capital Work-in-Progress until the assets are put to use.
   • Assets under construction are not depreciated.

3. Intangible Assets:

   • Recognized when the company controls the asset and future economic benefits are probable.
   • Initially recognized at cost and carried at cost less accumulated amortization and impairment losses.

4. Impairment of Non-Financial Assets:

   • PPE and intangible assets with definite lives are reviewed for impairment when there are indications that their carrying values may not be recoverable.
   • Impairment losses are recognized in the statement of profit and loss and can be reversed if the recoverable amount increases.

5. Goodwill:

   • Represents future economic benefits from assets acquired in a business combination.
   • Initially measured at cost, based on net identifiable assets acquired and liabilities assumed.

Investment Consideration

Lloyds Engineering Works Limited demonstrates a structured approach to asset management, depreciation, and impairment, ensuring that the financial statements reflect the true economic value of its assets. The company's prudent financial practices and regular reviews of asset values and depreciation methods indicate a robust financial management system, which could be a positive indicator for potential investors.### Key Highlights for Investment Consideration:

1. Goodwill Management:

   • Goodwill is not amortized but tested for impairment annually.
   • Allocated to cash-generating units (CGUs) benefiting from business combinations.
   • Impairment losses on goodwill are recognized in the Statement of Profit and Loss and are not reversed in subsequent periods.

2. Lease Accounting:

   • Finance leases are capitalized at fair value or present value of minimum lease payments.
   • Operating leases are charged to the profit and loss statement on a straight-line basis.
   • Adoption of Ind AS 116 from April 1, 2019, requiring recognition of lease assets and liabilities for leases over twelve months.
   • Lease expenses now include depreciation and interest expenses.

3. Right-to-Use Assets:

   • Measured at cost less accumulated depreciation and impairment.
   • Cost includes present value of outstanding lease payments and any initial direct costs.
   • Practical expedient applied for non-lease components recognized as lease payments.

These highlights indicate a robust approach to managing goodwill and leases, aligning with updated accounting standards, which could be favorable for long-term financial health and transparency.### Key Highlights of Lloyds Engineering Works Limited (30th Annual Report 2023-24)

1. Lease Accounting:

   • Right-to-Use Assets: Depreciated either to the end of the useful life of the underlying asset or the lease term.
   • Lease Liabilities: Initially measured at the present value of lease payments, subsequently adjusted for interest and lease payments made.

2. Financial Instruments:

   • Financial Assets:

     • Initial Recognition: All financial assets are initially recognized at fair value. Transaction costs are added to the fair value except for assets at fair value through profit or loss.
     • Subsequent Measurement:
       • Amortised Cost: For assets held for collection of contractual cash flows (principal and interest). Interest income is included in Other Income.
       • Fair Value through Other Comprehensive Income (FVOCI): For assets held for both collection and selling. Movements are taken through OCI, with interest income included in Other Income.
       • Fair Value through Profit or Loss: For assets not meeting criteria for amortized cost or FVOCI. Gains or losses are recognized in profit or loss.
     • Impairment: Based on significant increase in credit risks since initial recognition. Trade receivables use a simplified approach for expected lifetime losses.

   • Financial Liabilities:

     • Initial Recognition: Recognized at fair value, net of transaction costs for loans, borrowings, and payables.
     • Subsequent Measurement: Depends on their classification.

Investment Consideration:

• Strong Financial Management: The company has a structured approach to managing financial assets and liabilities, ensuring transparency and adherence to accounting standards.
• Risk Management: Effective impairment strategies for financial assets, particularly trade receivables, indicate robust risk management practices.
• Income Generation: Interest income from financial assets is a consistent component of other income, suggesting stable revenue streams.

These highlights suggest that Lloyds Engineering Works Limited has a solid financial foundation and effective management practices, making it a potentially attractive investment opportunity for Person X.Based on the provided financial notes, here are the key highlights of the company:

1. Financial Liabilities Management:

   • The company recognizes financial liabilities at fair value through profit or loss if they meet specific criteria under Ind AS 109.
   • Financial liabilities at amortized cost include trade payables, borrowings, and other payables, measured using the effective interest rate (EIR) method.
   • Gains and losses from financial liabilities are recognized in the profit and loss statement upon derecognition or through EIR amortization.

2. Taxation:

   • Current Tax: Calculated based on enacted or substantively enacted tax rates and laws as of the reporting date. Excess or shortfall in tax payments are recorded as current income tax assets/liabilities.
   • Deferred Tax: Recognized on temporary differences between the tax bases of assets/liabilities and their carrying values. Deferred tax assets are recognized if future taxable profit is probable.
   • Deferred tax assets related to unabsorbed depreciation, carry forward losses, and unutilized tax credits are recognized when there is reasonable certainty of future taxable income.
   • Deferred tax assets and liabilities are reviewed for recoverability at each reporting date and adjusted as necessary.

3. De-recognition of Financial Liabilities:

   • A financial liability is derecognized when the obligation is discharged, canceled, or expires.

4. Offsetting Tax Assets and Liabilities:

   • Income tax assets and liabilities are offset and presented net in the balance sheet if the company has the right to set-off and intends to settle on a net basis.

These highlights indicate that the company has a structured approach to managing its financial liabilities and taxation, ensuring compliance with relevant accounting standards and laws. This could be a positive indicator for potential investors like Person X, as it reflects prudent financial management and regulatory compliance.### Key Highlights of Lloyds Engineering Works Limited

1. Inventory Valuation:

   • Inventories are valued at the lower of cost and net realizable value.
   • Different types of inventories (raw materials, stores, spares, work-in-process, finished goods, scrap material, tools, and equipment) have specific valuation methodologies, ensuring conservative and prudent financial reporting.

2. Cash and Cash Equivalents:

   • Includes cash in hand, bank balances, and fixed deposits, providing liquidity and financial stability.

3. Share Capital:

   • The company has only one class of shares, Equity Shares, with a par value of Re 1/- each.
   • Dividend and capital repayment are at the company's discretion, indicating flexibility in financial management.

4. Employee Benefits:

   • Short Term Benefits: Includes salaries, wages, bonuses, and performance-linked rewards, expensed in the period of service.
   • Post Employment Benefits: The company operates a defined benefit plan (Gratuity) for employees, with liabilities accounted for based on actuarial valuations.

5. Gratuity Plan:

   • Provides a lump sum payment to vested employees at retirement or termination.
   • The company does not have a separate fund for gratuity liability; it is accounted for as a provision in the balance sheet.
   • Actuarial gains and losses are recognized in other comprehensive income, ensuring transparency in financial reporting.

Investment Consideration

• Conservative Inventory Valuation: Ensures that the company's assets are not overstated.
• Strong Liquidity Position: Cash and cash equivalents provide financial stability.
• Flexible Financial Management: Discretionary dividend and capital repayment policies.
• Transparent Employee Benefit Accounting: Actuarial valuations and comprehensive income reporting for gratuity liabilities.

These highlights suggest that Lloyds Engineering Works Limited maintains prudent financial practices, ensuring stability and transparency, which could be attractive to potential investors like Person X.### Key Highlights of the Company for Investment Consideration:

1. Employee Benefits:

   • The company offers a comprehensive employee benefits package, including leave encashment and stock options under the LLOYDS STEELS ESOP – 2021.
   • Actuarial valuations are conducted yearly to ensure accurate provisioning for long-term employee benefits.

2. Provisions and Contingencies:

   • Provisions are made for present obligations that are probable and can be reliably estimated.
   • Contingent liabilities are disclosed when there is a possible obligation, but no provision is made if the likelihood of outflow is remote.

3. Revenue Recognition:

   • Revenue is recognized upon the transfer of control of goods or services to customers, ensuring that the performance obligations are fulfilled.
   • The company measures revenue based on the transaction price, net of variable considerations like discounts and incentives.

4. Revenue from Operations:

   • Sale of Goods: Revenue is recognized when significant risks and rewards of ownership are transferred, and effective control over the goods no longer exists with the company.
   • Rendering of Services: Revenue from long-term contracts is booked to the extent of work billed, including export benefits.

5. Amortization and Deferred Revenue Expenditure:

   • Deferred revenue expenditure is amortized over a period of five years, ensuring a systematic allocation of expenses.

These highlights indicate a well-structured financial management system, comprehensive employee benefits, and a clear revenue recognition policy, which are positive indicators for potential investment.### Key Highlights of Lloyds Engineering Works Limited (30th Annual Report 2023-24)

1. Revenue Recognition:

   • Revenue from unbilled work is recognized when over 75% of the work is completed.
   • Customs duty benefits from exports are accounted for on an accrual basis.
   • Interest income is accrued based on the principal outstanding and effective interest rate.
   • Miscellaneous income is recognized when it is probable that economic benefits will flow to the company.

2. Borrowing Costs:

   • Borrowing costs directly related to the acquisition, construction, or production of qualifying assets are capitalized.
   • Other borrowing costs are expensed in the period they are incurred.
   • The company uses specific and general borrowing rates to determine the amount of borrowing costs eligible for capitalization.

3. Earnings Per Share (EPS):

   • Basic EPS is calculated by dividing net profit by the weighted average number of equity shares.
   • Diluted EPS considers the effects of all potential dilutive equity shares.

4. Statement of Cash Flows:

   • Cash flows are categorized into operating, investing, and financing activities.
   • The indirect method is used for reporting cash flow from operating activities, adjusting net profit for non-cash items and changes in working capital.

5. Unclaimed Dividend:

   • The company adheres to the provisions of the Companies Act, 2013, and the Investor Education and Protection Fund (IEPF) Rules for managing unpaid/unclaimed dividends.

Investment Consideration:

Lloyds Engineering Works Limited demonstrates a structured approach to revenue recognition, borrowing cost management, and cash flow reporting. The company’s adherence to regulatory requirements for unclaimed dividends and its clear calculation methods for EPS provide transparency and reliability in its financial reporting. These factors may be favorable for investment, subject to further detailed financial analysis.Key Highlights for Investment Consideration:

1. Dividend Policy: The company has a clear policy on dividend distribution, recognizing dividends in the period they are approved by the Board of Directors or shareholders. Unclaimed dividends for seven consecutive years are transferred to the Investor Education and Protection Fund (IEPF).

2. Accounting Judgements and Estimates: The company employs rigorous and reasonable estimates and judgements in its financial statements, based on historical experience and future expectations. These are reviewed regularly and adjusted as necessary.

3. Critical Areas of Estimation:

   • Current Tax Expenses and Payable: The company carefully estimates its current tax obligations.
   • Deferred Tax Assets: Recognition of deferred tax assets for carried forward tax losses is considered.
   • Revenue Recognition: The company follows a structured approach to recognizing revenue.
   • Defined Benefit Obligation: Estimation of obligations related to retirement benefit plans is meticulously calculated.

These highlights indicate a company with a structured financial approach, clear dividend policies, and diligent accounting practices, which can be attractive to potential investors like Person X.### Key Highlights of Lloyds Engineering Works Limited (30th Annual Report 2023-24)

1. Significant Growth in Assets:

   • Total Property, Plant, and Equipment (PPE) increased from ₹5,879.38 lakhs in 2023 to ₹9,505.94 lakhs in 2024.
   • Net Carrying Cost of PPE rose from ₹2,707.24 lakhs in 2023 to ₹6,194.00 lakhs in 2024.
   • Capital Work in Progress decreased from ₹2,555.31 lakhs in 2023 to ₹1,064.66 lakhs in 2024, indicating completion of some projects.

2. Additions and Disposals:

   • Major additions in 2024 include ₹2,946.28 lakhs in Plant & Machinery and ₹708.19 lakhs in Motor Vehicles.
   • Disposals in 2024 were relatively low at ₹940.84 lakhs, primarily in Plant & Machinery and Motor Vehicles.

3. Depreciation:

   • Accumulated depreciation increased from ₹3,172.14 lakhs in 2023 to ₹3,311.94 lakhs in 2024.
   • Depreciation expense for the year was ₹242.07 lakhs.

4. Financial Health:

   • The company has no charges on its assets except for Motor Vehicles, which have a charge of ₹649.36 lakhs.

Investment Consideration:

• Asset Growth: The company has shown substantial growth in its asset base, particularly in Plant & Machinery and Motor Vehicles.
• Completion of Projects: The reduction in Capital Work in Progress suggests that the company is completing its ongoing projects, which could lead to increased operational capacity.
• Low Disposals: Minimal disposals indicate stability and retention of assets.
• Depreciation Management: The company is managing its depreciation well, with a moderate increase in accumulated depreciation.

These factors suggest that Lloyds Engineering Works Limited is expanding and investing in its operational capabilities, making it a potentially attractive investment opportunity.### Key Highlights for Investment Consideration:

1. Capital Work-in-Progress (CWIP) Reduction:

   • As of March 31, 2024, CWIP stands at ₹1,064.66 lakhs, significantly reduced from ₹2,555.31 lakhs as of March 31, 2023. This indicates a substantial completion of ongoing projects.

2. Stable Goodwill:

   • Goodwill remains constant at ₹95.98 lakhs for both March 31, 2024, and March 31, 2023, allocated to the Engineering Business. There is no impairment, suggesting stable value retention.

3. Growth and Discount Rates:

   • The compounded average net sales growth rate for the five-year period is projected at 26% for 2024, down from 31% in 2023.
   • The growth rate for extrapolation beyond the five-year period remains steady at 4%.
   • The discount rate is consistent at 10%, reflecting a stable risk assessment.

4. Management Confidence:

   • Management believes that any reasonable change in key assumptions (growth rate, discount rate) will not cause the carrying amount to exceed its recoverable amount, indicating confidence in the financial projections.

5. Industry Alignment:

   • Growth rates are aligned with industry forecasts, and the budgeted growth rates are based on past performance and expected demand conditions.

Summary:

The company shows a strong reduction in capital work-in-progress, indicating project completions and potential revenue realization. Goodwill remains stable with no impairment, reflecting consistent value in the Engineering Business. Although the growth rate has slightly decreased, it remains robust, and the discount rate is stable, indicating a balanced risk profile. Management's confidence in the financial projections and alignment with industry growth forecasts further support the investment potential.### Key Highlights of Lloyds Engineering Works Limited (2023-24)

1. Right-to-Use Assets (Ind AS 116 Impact)

   • Building Additions: Rs. 1,092.35 lakhs in 2024, up from Rs. 230.58 lakhs in 2023.
   • Net Carrying Amount: Rs. 1,458.90 lakhs as of March 31, 2024, compared to Rs. 521.80 lakhs in 2023.
   • Expenses: Depreciation and interest on lease liabilities increased to Rs. 266.52 lakhs in 2024 from Rs. 133.03 lakhs in 2023.
   • Cash Outflow for Leases: Rs. 332.32 lakhs in 2024, up from Rs. 109.67 lakhs in 2023.

2. Other Financial Assets (Non-Current)

   • Security Deposits: Increased to Rs. 105.83 lakhs in 2024 from Rs. 59.17 lakhs in 2023.

3. Investments (Non-Current)

   • Equity Investments: Significant investment in Lloyds Infrastructure & Construction Limited with 4,90,00,000 equity shares valued at Rs. 490.00 lakhs in 2024.
   • Total Value of Unquoted Shares: Rs. 490.01 lakhs in 2024, a substantial increase from Rs. 0.01 lakhs in 2023.

Summary for Investment Consideration

Lloyds Engineering Works Limited has shown significant growth in its right-to-use assets and investments. The company has increased its building assets and made a substantial investment in Lloyds Infrastructure & Construction Limited. The rise in expenses related to depreciation and interest on lease liabilities indicates higher operational costs, but the increased asset base and strategic investments could signal long-term growth potential.### Key Highlights for Investment Consideration:

1. Investments:

   • Unquoted Investments: Significant increase from Rs. 0.01 Lakhs in 2023 to Rs. 490.01 Lakhs in 2024, indicating a strategic move towards unquoted investments.

2. Loans:

   • Inter Corporate Deposits: Decreased from Rs. 5,215.00 Lakhs in 2023 to Rs. 1,887.00 Lakhs in 2024, suggesting a reduction in unsecured loans to others.

3. Other Current Financial Assets:

   • Security Deposits: Increased from Rs. 19.52 Lakhs in 2023 to Rs. 177.26 Lakhs in 2024.
   • Tax Recoverable: Decreased significantly from Rs. 630.21 Lakhs in 2023 to Rs. 147.16 Lakhs in 2024.
   • Interest Receivable: Increased from Rs. 119.56 Lakhs in 2023 to Rs. 322.92 Lakhs in 2024.

4. Income Taxes:

   • Deferred Tax Assets and Liabilities: Closing balance increased from Rs. 107.51 Lakhs in 2023 to Rs. 650.29 Lakhs in 2024, indicating a favorable tax position.
   • Current Income Tax: Increased from Rs. 993.53 Lakhs in 2023 to Rs. 2,591.13 Lakhs in 2024, showing higher taxable income.
   • Deferred Tax for the Year: Shifted from an expense of Rs. 256.90 Lakhs in 2023 to an income of Rs. 542.78 Lakhs in 2024.

Summary:

The company has shown a strategic shift towards unquoted investments and has reduced its unsecured loans. There is a notable increase in security deposits and interest receivable, indicating better asset management. The tax position has improved significantly, with a higher closing balance in deferred tax assets and increased current income tax, reflecting higher profitability. These factors suggest a potentially strong financial position, making it a viable option for investment.### Key Highlights of Lloyds Engineering Works Limited (2023-24)

1. Deferred Tax Assets and Liabilities:

   • Net Deferred Tax Assets increased significantly from ₹107.51 lakhs to ₹650.29 lakhs.
   • Major contributors to this increase include Share Based Payment Expenses, which saw a substantial rise from ₹46.87 lakhs to ₹684.50 lakhs.

2. Current Tax Assets:

   • Advance Payment of Income Tax (Net) decreased from ₹280.71 lakhs to ₹53.48 lakhs.

3. Other Non-Current Assets:

   • Capital Advance saw a significant increase from ₹160.41 lakhs to ₹2,166.17 lakhs.
   • Security Deposit under AS 109 was introduced, amounting to ₹73.99 lakhs.

4. Other Current Assets:

   • Advance to Suppliers decreased from ₹9,419.35 lakhs to ₹4,131.49 lakhs.
   • Prepaid Expenses increased from ₹4.40 lakhs to ₹22.58 lakhs.
   • Other Advances introduced, amounting to ₹170.00 lakhs.

Summary for Investment Consideration:

• The company has shown a strong increase in deferred tax assets, particularly due to share-based payment expenses.
• There is a notable increase in capital advances, indicating potential future investments or expansions.
• A significant reduction in advance payments of income tax and advances to suppliers suggests improved cash flow management.
• The introduction of new asset categories like security deposits and other advances indicates diversification in asset management.

These financial movements suggest that Lloyds Engineering Works Limited is potentially expanding and managing its resources efficiently, which could be positive indicators for investment.### Key Highlights for Investment Consideration:

1. Inventory Levels:

   • Total Inventory: Decreased from ₹11,457.99 lakhs in March 2023 to ₹10,198.30 lakhs in March 2024.
   • Raw Materials: Increased significantly from ₹1,714.70 lakhs to ₹3,669.80 lakhs.
   • Work-In-Progress: Decreased from ₹8,019.15 lakhs to ₹4,735.59 lakhs.

2. Trade Receivables:

   • Total Trade Receivables: Increased dramatically from ₹2,909.45 lakhs in March 2023 to ₹15,181.07 lakhs in March 2024.
   • Provision for Expected Credit Loss: A minor provision of ₹4.38 lakhs was made in 2024, indicating a cautious approach to potential credit risks.

3. Receivables Aging:

   • Current Year (2024): Majority of receivables (₹15,136.97 lakhs) are less than 6 months old, indicating good liquidity and collection efficiency.
   • Previous Year (2023): Majority of receivables (₹2,902.48 lakhs) were also less than 6 months old, showing consistent collection practices.

Summary:

• Positive Indicators:

  • Significant increase in raw materials inventory, suggesting potential for increased production.
  • Dramatic increase in trade receivables, indicating higher sales or extended credit terms.
  • Majority of receivables are current (less than 6 months), reflecting efficient collection processes.

• Considerations:

  • Decrease in work-in-progress inventory might indicate faster production cycles or reduced backlog.
  • Minor provision for credit loss suggests low risk of bad debts.

Investment Outlook:

The company shows strong sales growth and efficient receivables management, making it a potentially attractive investment opportunity. However, the significant increase in trade receivables should be monitored to ensure it translates into actual cash flow.### Key Highlights of Lloyds Engineering Works Limited (2023-24)

1. Cash and Cash Equivalents:

   • Significant increase in total cash and cash equivalents from ₹798.66 lakhs in 2023 to ₹12,497.13 lakhs in 2024.
   • Major contributions from margin money deposits and bank deposits for overdraft facilities.

2. Other Bank Balances:

   • Earmarked balances with banks for unclaimed dividends increased from ₹8.76 lakhs in 2023 to ₹24.56 lakhs in 2024.

3. Equity Share Capital:

   • Authorized share capital remains unchanged at ₹12,000 lakhs.
   • Issued, subscribed, and fully paid-up shares increased from ₹9,886.98 lakhs in 2023 to ₹11,446.29 lakhs in 2024.
   • Several equity share allotments during the year:
     • 7,50,00,000 equity shares issued at ₹3.86 each.
     • 1,51,80,000 equity shares issued at a premium of ₹12.65 each.
     • 6,34,64,610 shares issued through Rights Issue at ₹15.50 per share (including a premium of ₹14.50).

Investment Considerations:

• Strong Liquidity Position: The substantial increase in cash and cash equivalents indicates a strong liquidity position.
• Equity Growth: The company has successfully raised capital through multiple equity issuances, reflecting investor confidence and potential for growth.
• Dividend Management: Proper management of unclaimed dividends, ensuring compliance with regulatory requirements.

These highlights suggest a financially robust company with good liquidity and growth potential, making it a potentially attractive investment opportunity for Person X.### Key Highlights of Lloyds Steels Industries Limited:

1. Employee Stock Option Plan (ESOP):

   • The company allotted 22,86,500 shares under the 'Lloyds Steels Industries Limited Employee Stock Option Plan – 2021' at Rs. 7.50 each.

2. Increase in Paid-up Equity Share Capital:

   • Paid-up equity share capital increased from Rs. 98,86,98,382 to Rs. 1,14,46,29,492 due to the issuance of new shares.

3. Share Issuance:

   • Issued 15,59,31,110 shares during the year ending 31st March 2024, compared to 9,00,00,000 shares in the previous year.

4. Shareholder Composition:

   • Lloyds Enterprises Limited holds 41.97% of shares as of 31st March 2024, down from 48.53% the previous year.
   • Lloyds Metals And Minerals Trading LLP and Aeon Trading LLP each hold 7.63% of shares as of 31st March 2024, up from 4.55% the previous year.

5. Convertible Securities:

   • Optionally Fully Convertible Debentures (OFCD) and Convertible Warrants were fully converted into equity shares within 18 months from the date of issue.

6. No Buybacks or Bonus Shares:

   • The company has not issued any shares as fully paid up without payment in cash, nor has it bought back any shares in the last 5 years.

Summary for Investment Consideration:

Lloyds Steels Industries Limited has shown significant growth in its equity base, indicating potential expansion and increased investor confidence. The substantial shareholding by major entities like Lloyds Enterprises Limited and the conversion of debentures and warrants into equity shares suggest a strong backing and future growth prospects. The company's commitment to employee incentives through ESOPs also highlights a focus on retaining talent. However, the dilution of major shareholders' percentage indicates a broadening of the shareholder base, which could be a point of consideration for new investors.### Key Highlights of Lloyds Engineering Works Limited for Potential Investment:

1. Promoter Shareholding:

   • Lloyds Enterprises Limited: Holds the largest share among promoters with 41.97% as of March 31, 2024, down from 48.53% the previous year.
   • Aeon Trading LLP and Lloyds Metals And Minerals Trading LLP: Both significantly increased their holdings to 7.63% each from 4.55% the previous year.
   • Individual Promoters: Minor changes in shareholding among individual promoters, with negligible impact on overall share distribution.

2. Year-over-Year Changes:

   • Lloyds Enterprises Limited: Decreased its shareholding by 6.56% from the previous year.
   • Aeon Trading LLP and Lloyds Metals And Minerals Trading LLP: Both saw a 3.08% increase in their shareholding.

3. Stability in Individual Promoter Holdings:

   • Individual promoters like Smt. Renu R Gupta, Shri. Rajesh R Gupta, and others have maintained relatively stable shareholdings with minimal changes.

4. Convertible Warrants:

   • The percentage change in shareholding in the previous year (2022-2023) was influenced by the conversion of 9,00,00,000 convertible warrants into equity shares on May 19, 2022.

Summary:

Lloyds Engineering Works Limited shows a stable promoter shareholding structure with significant holdings by major entities like Lloyds Enterprises Limited, Aeon Trading LLP, and Lloyds Metals And Minerals Trading LLP. The company has seen some redistribution of shares among its promoters, with a notable decrease in the largest promoter's share and increases in others. The conversion of convertible warrants has also played a role in the changes observed. This stability and strategic redistribution could be a positive indicator for potential investors.### Key Highlights of the Company for Potential Investment:

1. Significant Growth in Retained Earnings:

   • Retained earnings have more than doubled from ₹6,166.84 lakhs in 2023 to ₹12,928.51 lakhs in 2024, indicating strong profitability and effective reinvestment of earnings.

2. Substantial Increase in Total Other Equity:

   • Total other equity has increased significantly from ₹9,649.45 lakhs in 2023 to ₹29,673.52 lakhs in 2024, showcasing robust financial health and capital growth.

3. High Profitability:

   • The profit for the year has more than doubled, rising from ₹3,682.31 lakhs in 2023 to ₹7,983.83 lakhs in 2024, reflecting strong operational performance.

4. Successful Capital Raising:

   • The company has successfully raised capital through various means, including convertible warrants, rights issues, and ESOPs, contributing to a significant increase in securities premium from ₹2,574.00 lakhs in 2023 to ₹15,990.26 lakhs in 2024.

5. Dividend Payments:

   • The company has paid dividends amounting to ₹1,078.88 lakhs in 2024, up from ₹494.35 lakhs in 2023, indicating a commitment to returning value to shareholders.

6. Share-Based Payment Reserve:

   • The share-based payment reserve has increased from ₹186.97 lakhs in 2023 to ₹749.75 lakhs in 2024, suggesting the company is investing in employee incentives and retention.

Conclusion:

The company demonstrates strong financial growth, high profitability, effective capital raising, and a commitment to shareholder returns, making it a potentially attractive investment opportunity for person X.### Key Highlights of Lloyds Engineering Works Limited (30th Annual Report 2023-24)

1. Non-Current Borrowings:

   • Significant increase in secured term loans against vehicles from ₹42.65 Lakhs in 2023 to ₹465.27 Lakhs in 2024.

2. Current Borrowings:

   • Total current borrowings increased from ₹4,597.28 Lakhs in 2023 to ₹5,615.61 Lakhs in 2024.
   • Notable changes include:
     • Overdraft against term deposit: ₹5,499.47 Lakhs in 2024 (none in 2023).
     • Decrease in cash credit from ₹248.79 Lakhs in 2023 to zero in 2024.
     • Elimination of unsecured current maturity of liability component of compound financial instruments and inter-corporate deposits, which were ₹2,071.10 Lakhs and ₹2,249.90 Lakhs respectively in 2023.

3. Other Financial Liabilities:

   • Significant increase in taxes payable from ₹81.17 Lakhs in 2023 to ₹1,544.90 Lakhs in 2024.
   • Total other financial liabilities increased from ₹256.34 Lakhs in 2023 to ₹1,749.36 Lakhs in 2024.

4. Lease Liabilities:

   • Non-current lease liabilities increased from ₹496.98 Lakhs in 2023 to ₹1,178.31 Lakhs in 2024.
   • Current lease liabilities increased from ₹83.45 Lakhs in 2023 to ₹270.98 Lakhs in 2024.

5. Repayment Terms:

   • The term loans against vehicles are secured and have a repayment schedule extending up to the financial year 2027-28, with interest rates ranging from 8% to 10%.

Summary for Investment Consideration:

• Growth in Borrowings: The company has significantly increased its secured borrowings, particularly for vehicle loans and overdrafts against term deposits.
• Reduction in Unsecured Liabilities: There is a notable reduction in unsecured current liabilities, which may indicate improved financial structuring.
• Increased Lease Liabilities: The company has increased its lease liabilities, indicating potential expansion or acquisition of assets.
• Tax Liabilities: A substantial increase in taxes payable could impact cash flow but also suggests higher profitability or revenue.

These financial movements suggest that Lloyds Engineering Works Limited is in a phase of expansion and restructuring, which could be promising for future growth. However, the increased liabilities and tax obligations should be carefully considered.### Key Highlights for Investment Consideration:

1. Provisions:

   • Total Provisions: Increased from ₹681.03 Lakhs in 2023 to ₹792.39 Lakhs in 2024.
   • Employee Benefits: Gratuity and compensated absence provisions have increased, indicating a growing commitment to employee welfare.
   • Expense Provisions: Increased from ₹251.88 Lakhs to ₹315.81 Lakhs, suggesting higher anticipated costs or a more conservative financial approach.

2. Trade Payables:

   • Total Trade Payables: Increased from ₹2,478.18 Lakhs in 2023 to ₹2,800.27 Lakhs in 2024.
   • MSME Dues: No outstanding dues to MSMEs, indicating good compliance with the Micro, Small & Medium Enterprises Development Act, 2006.
   • Related Party Payables: Significant portion of trade payables are to related parties, which could indicate strong internal business relationships but also requires scrutiny for potential conflicts of interest.
   • Disputed Dues: Remain constant at ₹24.30 Lakhs, suggesting no new disputes have arisen.

3. Aging of Payables:

   • Less than 1 Year: Majority of payables are current, with ₹2,680.52 Lakhs in 2024 compared to ₹2,418.33 Lakhs in 2023.
   • Long-term Payables: Slight increase in payables outstanding for more than 1 year, indicating some delay in payments but not significantly alarming.

Summary:

The company shows a healthy increase in provisions, indicating a cautious and prepared financial strategy. The increase in trade payables, particularly to related parties, suggests robust internal transactions but warrants a closer look at the nature of these relationships. The absence of MSME dues and stable disputed dues are positive signs of compliance and stability. Overall, the financials suggest a growing and cautious company, but further due diligence on related party transactions is recommended before investing.### Key Highlights of Lloyds Engineering Works Limited (2023-24)

1. Revenue Growth:

   • Total Revenue from Operations: Increased significantly from ₹31,260.98 Lakhs in 2022-23 to ₹62,423.61 Lakhs in 2023-24.
   • Sale of Finished Goods: Nearly doubled from ₹29,894.74 Lakhs to ₹58,583.40 Lakhs.
   • Sale of Traded Goods: Increased from ₹1,077.40 Lakhs to ₹3,387.87 Lakhs.

2. Other Income:

   • Total Other Income: Increased from ₹579.63 Lakhs in 2022-23 to ₹744.00 Lakhs in 2023-24.
   • Interest Income: Notable increase in interest income on bank deposits from ₹60.19 Lakhs to ₹265.19 Lakhs.

3. Liabilities:

   • Advances from Customers: Decreased from ₹8,912.65 Lakhs in 2022-23 to ₹3,135.82 Lakhs in 2023-24.
   • Contingent Liabilities: Slight increase in claims against the company from ₹3,093.77 Lakhs to ₹3,272.02 Lakhs.
   • Bank Guarantees: Increased significantly from ₹1,550.33 Lakhs to ₹3,242.34 Lakhs.

4. Commitments:

   • Capital Commitments: Increased from ₹861.66 Lakhs to ₹1,200.21 Lakhs, indicating ongoing or planned capital expenditure.

Investment Considerations:

• Strong Revenue Growth: The company has shown a robust increase in revenue, particularly in the sale of finished and traded goods.
• Increased Other Income: Higher interest income and gains from non-operating activities contribute positively to the financial health.
• Decreased Customer Advances: A significant drop in advances from customers may need further investigation.
• Higher Contingent Liabilities and Commitments: Increased liabilities and commitments could pose potential risks.

Overall, Lloyds Engineering Works Limited demonstrates strong revenue growth and increased other income, making it a potentially attractive investment. However, the increase in contingent liabilities and commitments should be carefully considered.Based on the provided financial data, here are the key highlights of the company:

1. Cost of Raw Materials Consumed:

   • Significant increase in the cost of raw materials consumed, from ₹21,905.23 lakhs in FY 2023 to ₹33,646.66 lakhs in FY 2024.
   • Major components include Iron & Steel and Bought Out Components & Spares.

2. Purchase of Traded Goods:

   • The purchase of traded goods, specifically Iron & Steel, increased from ₹1,060.24 lakhs in FY 2023 to ₹3,332.79 lakhs in FY 2024.

3. Changes in Inventories:

   • Inventories of finished goods, work-in-progress, and stock in trade decreased from ₹8,030.79 lakhs at the beginning of FY 2023 to ₹4,745.27 lakhs at the end of FY 2024.
   • This indicates a reduction in inventory levels, which could imply better inventory management or increased sales.

4. Employee Benefits Expenses:

   • Employee benefits expenses increased from ₹1,906.46 lakhs in FY 2023 to ₹3,004.74 lakhs in FY 2024.
   • Notable increases in salaries, wages, and bonuses, as well as share-based payments to employees.

These highlights suggest that the company is experiencing growth, as evidenced by the increased costs of raw materials and employee benefits. The reduction in inventory levels could indicate improved operational efficiency or higher sales. However, the increased costs also suggest higher operational expenses, which should be considered when evaluating the company's profitability and overall financial health.### Key Highlights of Lloyds Engineering Works Limited (30th Annual Report 2023-24)

1. Defined Benefit Plan:

   • The company operates a Gratuity Benefit Plan for its employees, providing a lump sum payment at retirement, death, or termination.
   • The Gratuity Plan is not funded and is accounted for as a provision.

2. Compensated Absences:

   • Employees can carry forward earned leave for encashment upon retirement or separation.
   • This plan is also not funded and is recognized as a liability.

3. Defined Contribution Plan:

   • The company provides Provident Fund Plans, treated as Defined Contribution Plans, and expenses are recognized when services are rendered.

4. Financial Obligations:

   • Gratuity:
     • Present value of the obligation as of 31st March 2024: ₹418.53 Lakhs (up from ₹374.81 Lakhs in 2023).
     • Current Service Cost for 2024: ₹45.24 Lakhs (up from ₹37.68 Lakhs in 2023).
     • Interest Cost for 2024: ₹27.84 Lakhs (slightly down from ₹28.28 Lakhs in 2023).
   • Compensated Absence:
     • Present value of the obligation as of 31st March 2024: ₹58.05 Lakhs (up from ₹54.34 Lakhs in 2023).
     • Current Service Cost for 2024: ₹40.13 Lakhs (significantly up from ₹10.36 Lakhs in 2023).
     • Interest Cost for 2024: ₹3.89 Lakhs (down from ₹5.07 Lakhs in 2023).

5. Other Comprehensive Income:

   • Re-measurements for the year ended 31st March 2024: ₹(39.70) Lakhs (slightly improved from ₹(42.86) Lakhs in 2023).

Summary for Investment Consideration:

• Growth in Obligations: The company has seen an increase in both Gratuity and Compensated Absence obligations, indicating a growing workforce or increased benefits.
• Cost Management: The rise in Current Service Costs, especially for Compensated Absences, suggests higher employee benefits or increased salaries.
• Financial Health: The company does not fund its Gratuity and Compensated Absence plans, which could be a point of concern for long-term financial stability.
• Re-measurements: Slight improvement in re-measurements indicates better management of actuarial assumptions.

These highlights suggest that while the company is growing and investing in its workforce, the lack of funding for long-term employee benefits could pose a risk. Potential investors should consider these factors in their decision-making process.### Key Highlights for Investment Consideration:

1. Defined Benefit Plans Exposure:

   • The company is exposed to risks related to changes in bond yields and salary escalation, which can impact the liability of its defined benefit plans.

2. Assumptions Stability:

   • Discount Rate: Slight decrease from 7.40% (2023) to 7.10% (2024).
   • Salary Escalation Rate: Stable at 8.00%.
   • Withdrawal Rate: Stable at 1.00%.
   • Mortality Rate: Based on Indian Assured Lives Mortality (2012-14).
   • Retirement Age: 62 years (previously 58-62 years).

3. Sensitivity Analysis:

   • A 1% change in the discount rate or salary growth rate significantly impacts the gratuity and compensated absence liabilities.
   • For instance, a 1% decrease in the discount rate increases the gratuity liability from Rs 348.96 Lakhs (2023) to Rs 452.53 Lakhs (2024).

4. Maturity Profile:

   • Gratuity Liability:
     • Within one year: Rs 61.59 Lakhs (2024) vs. Rs 61.69 Lakhs (2023).
     • Above five years: Rs 244.69 Lakhs (2024) vs. Rs 238.81 Lakhs (2023).
   • Compensated Absence Liability:
     • Within one year: Rs 7.78 Lakhs (2024) vs. Rs 8.32 Lakhs (2023).
     • Above five years: Rs 35.94 Lakhs (2024) vs. Rs 34.16 Lakhs (2023).

5. Weighted Average Duration:

   • Both gratuity and compensated absence liabilities have a weighted average duration of 9.48 years, indicating a long-term obligation.

Summary:

The company has stable assumptions for its defined benefit plans, but it is exposed to risks from changes in bond yields and salary growth rates. The sensitivity analysis shows significant impacts on liabilities with changes in these assumptions. The maturity profile indicates a substantial portion of liabilities due in the long term, with a weighted average duration of 9.48 years. This stability and long-term planning could be attractive for investment, but the potential risks should be carefully considered.### Key Highlights of Lloyds Engineering Works Limited (2023-24)

1. Increased Manufacturing and Other Expenses:

   • Total expenses rose significantly from ₹5,314.99 lakhs in 2022-23 to ₹9,054.20 lakhs in 2023-24.
   • Notable increases in specific areas:
     • Fuel & Gases Charges: ₹829.41 lakhs (up from ₹94.63 lakhs).
     • Engineering and Processing Charges: ₹3,375.51 lakhs (up from ₹2,039.11 lakhs).
     • Other Expenses of Production: ₹2,427.56 lakhs (up from ₹1,510.93 lakhs).

2. Operational Costs:

   • Power Charges: Increased to ₹169.33 lakhs from ₹100.22 lakhs.
   • Freight and Forwarding Charges: Increased to ₹576.03 lakhs from ₹343.68 lakhs.
   • Travelling & Conveyance Expenses: Increased to ₹337.31 lakhs from ₹169.00 lakhs.

3. Administrative and Miscellaneous Expenses:

   • Legal & Professional Charges: Increased to ₹501.02 lakhs from ₹444.10 lakhs.
   • Miscellaneous Expenses: Increased to ₹503.83 lakhs from ₹376.95 lakhs, including CSR expenses.

4. Repairs and Maintenance:

   • Increased across all categories, with total repairs and maintenance costs rising to ₹149.73 lakhs from ₹73.16 lakhs.

5. Exceptional Items:

   • No exceptional items reported for 2023-24, compared to ₹250 lakhs in 2022-23 for a one-time settlement with IDBI Bank Limited.

6. Auditor Payments:

   • Payments to auditors remained relatively stable at ₹3.16 lakhs in 2023-24, compared to ₹3.14 lakhs in 2022-23.

Summary for Investment Consideration:

• Significant Increase in Operational Costs: The company has seen a substantial rise in various operational costs, which could impact profitability.
• Stable Auditor Fees: Consistent auditor fees indicate stable financial auditing practices.
• No Exceptional Costs in 2023-24: Absence of exceptional items this year suggests no extraordinary financial burdens.
• Increased Investment in Production and Maintenance: Higher expenses in production and maintenance could indicate efforts to enhance operational efficiency and capacity.

These highlights suggest that while the company is investing heavily in its operations, the increased costs could affect short-term profitability. Potential investors should consider these factors and possibly look into the reasons behind the significant rise in expenses before making an investment decision.### Key Highlights of the Company:

1. Finance Costs:

   • Total finance costs increased slightly from Rs. 394.16 Lakhs in FY 2023 to Rs. 416.94 Lakhs in FY 2024.
   • Significant components include interest on optionally fully convertible debentures and bank & finance processing charges.

2. Depreciation and Amortization:

   • Total depreciation and amortization expenses rose from Rs. 238.26 Lakhs in FY 2023 to Rs. 404.56 Lakhs in FY 2024.
   • Major increase in depreciation on tangible assets and right to use assets.

3. Earnings Per Share (EPS):

   • Basic EPS increased from Rs. 0.38 in FY 2023 to Rs. 0.74 in FY 2024.
   • Diluted EPS also saw an increase from Rs. 0.35 in FY 2023 to Rs. 0.73 in FY 2024.
   • Profit attributable to equity shareholders more than doubled from Rs. 3,682.31 Lakhs in FY 2023 to Rs. 7,983.83 Lakhs in FY 2024.

4. Share Based Payments Plans (ESOP):

   • The company introduced an ESOP plan in 2021.
   • Two grants were made: one in October 2022 (1,00,61,000 shares) and another in April 2023 (32,52,200 shares).
   • The exercise prices were Rs. 7.50 and Rs. 9.50 respectively.

Summary for Investment Consideration:

• Financial Performance: The company has shown a significant increase in profitability, as evidenced by the rise in EPS and profit attributable to shareholders.
• Cost Management: While finance costs have increased slightly, the company has managed to maintain a stable financial cost structure.
• Asset Utilization: Increased depreciation expenses indicate higher capital investment in tangible and right-to-use assets, suggesting potential growth and expansion.
• Employee Incentives: The introduction and execution of the ESOP plan indicate a focus on employee performance and retention.

Overall, the company demonstrates strong financial growth and strategic investments, making it a potentially attractive option for investment.### Key Highlights of Lloyds Engineering Works Limited:

1. Stock Options and Fair Value:

   • The company has granted stock options using the Black Scholes Model with varying assumptions for different grants.
   • Historical volatility ranges from 70.57% to 86.62% for Grant I and 79.81% to 84.71% for Grant II.
   • Risk-free interest rates range from 6.85% to 7.28%, and dividend yield is minimal at 0.07% to 0.30%.

2. Employee Stock Option Plan (ESOP) 2021:

   • Outstanding options at the beginning of the year: 98,52,000.
   • Options granted during the year: 32,52,200.
   • Options vested: 22,86,500.
   • Options forfeited/lapsed: 8,05,000.
   • Options exercised: 20,000.
   • Outstanding options at the end of the year: 1,00,12,700.
   • Exercisable options at the end of the year: 22,66,500.

3. Share-Based Payment Expenses:

   • Total expenses for share-based payments increased significantly from Rs 186.97 Lakhs in 2022-23 to Rs 564.58 Lakhs in 2023-24.

4. Segment Reporting:

   • The company operates in a single business segment: Engineering Products and Services.

5. Related Party Disclosures:

   • The holding company is Lloyds Enterprises Limited (formerly known as Shree Global Tradefin Limited).

Investment Considerations:

• Growth in Share-Based Payments: The significant increase in share-based payment expenses indicates a higher investment in employee compensation, which could be a sign of growth and expansion.
• Stable Segment: Operating in a single business segment provides focus but also means less diversification.
• Volatility and Risk: The high historical volatility and varying risk-free interest rates should be considered when evaluating the potential risk and return.

These highlights provide a snapshot of the company's financial health and strategic direction, which can help in making an informed investment decision.### Key Highlights for Investment Consideration:

1. Leadership and Management:

   • The company has a robust leadership team with experienced professionals such as Shri Mukesh R. Gupta (Chairman & Whole Time Director) and Shri Kalpesh P Agrawal (Chief Financial Officer).
   • Recent appointments and resignations indicate active management and potential strategic shifts, e.g., Ms. Rahima Shaikh as the new Company Secretary and Shri Shreekrishna M. Gupta as Whole Time Director from March 2024.

2. Governance and Board Composition:

   • The board includes a mix of executive, non-executive, and independent directors, ensuring a balanced governance structure.
   • The presence of multiple independent directors like Smt. Bela Sundar Rajan and Shri Ashok Kumar Sharma suggests a focus on unbiased decision-making.

3. Related Party Transactions:

   • The company engages in transactions with related parties for business purposes, ensuring competitive selection and adherence to quality and cost advantages.
   • Benefits from related party transactions include advanced technology, product customization, and improved working capital management.

4. Affiliated Entities:

   • The company has significant influence or control over various entities such as Lloyds Metals & Energy Limited, Lloyds Luxuries Limited, and Lloyds Infrastructure & Construction Limited, indicating a diversified business portfolio.

5. Strategic Advantages:

   • Related party vendors provide additional advantages like timely supply, innovative technology, and product customization, which enhance the company's operational efficiency and working capital management.

Conclusion:

The company demonstrates strong leadership, balanced governance, strategic use of related party transactions, and a diversified business portfolio. These factors collectively suggest a stable and potentially profitable investment opportunity.### Key Highlights of Lloyds Engineering Works Limited (2023-24)

1. Related Party Transactions:

   • Transactions with related parties are conducted on arm's length terms, similar to those with unrelated parties.
   • Outstanding balances at year-end are unsecured, interest-free, and settled in cash.

2. Compensation of Key Management Personnel (KMP):

   • Total compensation for KMPs increased from ₹153.14 Lakhs in 2022-23 to ₹195.30 Lakhs in 2023-24.
   • Short-term employee benefits rose from ₹133.39 Lakhs to ₹156.21 Lakhs.
   • Post-employment benefits increased from ₹19.75 Lakhs to ₹39.09 Lakhs.

3. Significant Transactions:

   • Lloyds Enterprises Limited: Dividend payments doubled from ₹239.92 Lakhs in 2022-23 to ₹479.84 Lakhs in 2023-24.
   • Capital Expenditure: ₹35.00 Lakhs in 2023-24, with no such expenditure in the previous year.
   • Director Remuneration: Consistent payments to key directors, with some new entries and changes in outstanding amounts.

4. Other Notable Payments:

   • Consultancy fees and sitting fees paid to various individuals, with some increases and new entries in 2023-24.
   • Dividends paid to entities controlled by directors or their close family members are less than 10% of the overall dividend paid to related parties.

Investment Consideration

• Growth in Compensation: Indicates potential growth and investment in human resources.
• Increased Dividend Payments: Suggests strong financial health and profitability.
• Capital Expenditure: Reflects ongoing investments in the company's infrastructure or capabilities.

These highlights suggest a company with stable and growing financials, making it a potentially attractive investment opportunity for Person X.### Key Highlights of the Company for Investment Consideration:

1. Related Party Transactions:

   • Significant Sales: The company has substantial sales transactions with Lloyds Metals & Energy Limited, amounting to ₹44,079.10 lakhs in FY 2023-24, up from ₹24,426.15 lakhs in FY 2022-23.
   • Investments: Investment in equity shares of Lloyds Infrastructure & Construction Limited worth ₹490.00 lakhs in FY 2023-24.
   • Dividends: Consistent dividend payments to related entities such as Aeon Trading LLP and Lloyds Metals And Minerals Trading LLP.

2. Financial Risk Management:

   • Comprehensive Risk Strategy: The company has a robust risk management strategy focusing on market risks (foreign exchange, interest rate, and price risks), credit risk, and liquidity risk.
   • Governance: Financial risk management is overseen by senior management and the Board of Directors, ensuring adherence to governance frameworks, policies, and procedures.
   • Foreign Currency Risk: The company manages foreign exchange risk by transacting primarily in its functional currency and has policies in place to mitigate this risk.

3. Risk Mitigation:

   • Non-Speculative Transactions: The company does not engage in speculative transactions, ensuring a conservative approach to financial risk.
   • Periodic Reviews: The Board of Directors periodically reviews financial risk exposures and the effectiveness of risk mitigation measures.

Summary:

The company demonstrates strong financial management practices, significant related party transactions indicating robust business relationships, and a conservative approach to financial risk. These factors suggest a stable and well-governed entity, potentially making it a viable investment opportunity for Person X.### Key Highlights of Lloyds Engineering Works Limited (30th Annual Report 2023-24):

1. Foreign Currency Exposure:

   • The company has minimal exposure to foreign currency risk.
   • No forward contracts were entered into during the current or previous years.

2. Trade Payables:

   • Current Year: Significant trade payables in Euros amounting to 19,536.00 (Rs 17.62 Lakhs).
   • Previous Year: Trade payables in USD and Euros were 15,690.40 (Rs 12.90 Lakhs) and 34,904.25 (Rs 31.28 Lakhs) respectively.

3. Advances to Suppliers:

   • Current Year: Advances in multiple currencies including USD (95,007.31), Euro (3,03,767.07), GBP (1,649.40), and Chinese Yuan (2,40,000.00).
   • Previous Year: Advances in USD (21,242.00), Euro (1,659.46), and GBP (628.00).

4. Foreign Currency Sensitivity:

   • The sensitivity analysis shows potential impacts on profit/loss before tax due to changes in exchange rates.
   • For the year ended March 31, 2024:
     • Euro: ±5% change results in ±14.58 Lakhs impact.
     • GBP: ±5% change results in ±0.09 Lakhs impact.
     • USD: ±5% change results in ±3.96 Lakhs impact.
     • Chinese Yuan: ±5% change results in ±1.38 Lakhs impact.

5. Management's Conclusion:

   • The sensitivity rates used are considered reasonable benchmarks based on historical movements and prevailing market conditions.

Investment Consideration:

• Minimal Foreign Currency Risk: The company has minimal exposure to foreign currency risk, which is a positive indicator for stability.
• Reasonable Sensitivity Benchmarks: The management's use of reasonable benchmarks for sensitivity analysis suggests prudent risk management practices.

These highlights suggest that Lloyds Engineering Works Limited has a stable financial position with minimal foreign currency risk, making it a potentially safe investment.### Key Highlights for Investment Consideration:

1. Price Risk:

   • The company uses surplus funds for operations and growth, indicating no price risk associated with its activities.

2. Credit Risk:

   • The company faces credit risk primarily from trade receivables, which are non-interest bearing and unsecured.
   • Management assesses customer creditworthiness based on financial position, past experience, and other factors.
   • Trade receivables have significantly increased from Rs 2,909.45 Lakhs in 2023 to Rs 15,181.07 Lakhs in 2024, indicating potential growth in sales but also higher exposure to credit risk.
   • The company has policies to manage and mitigate credit risk, including setting appropriate payment terms and credit periods.

3. Liquidity Risk:

   • The company actively monitors its liquidity position and has a robust cash management system.
   • It believes that cash and cash equivalents, along with cash generated from operations, will meet its working capital, capital expenditure, and other liquidity needs for at least the next twelve months.
   • Financial liabilities as of 31st March 2024 are Rs 4,549.63 Lakhs, with the majority due within one year, indicating manageable short-term obligations.

Summary:

The company demonstrates prudent financial management with no price risk, a structured approach to managing credit risk, and a robust liquidity position. The significant increase in trade receivables suggests growth but also requires careful monitoring of credit risk. Overall, the company appears to be in a stable financial position, making it a potentially viable investment opportunity.### Key Highlights of Lloyds Engineering Works Limited (2023-24)

1. Financial Position:

   • Trade Receivables: Increased significantly from Rs. 2,909.45 Lakhs in 2023 to Rs. 15,181.07 Lakhs in 2024.
   • Cash and Cash Equivalents: Substantial increase from Rs. 798.66 Lakhs in 2023 to Rs. 12,497.13 Lakhs in 2024.
   • Total Financial Assets: Grew from Rs. 9,701.16 Lakhs in 2023 to Rs. 30,237.10 Lakhs in 2024.

2. Liabilities:

   • Trade Payables: Increased from Rs. 2,478.18 Lakhs in 2023 to Rs. 2,800.27 Lakhs in 2024.
   • Other Financial Liabilities: Significant rise from Rs. 256.34 Lakhs in 2023 to Rs. 1,749.36 Lakhs in 2024.
   • Total Financial Liabilities: Increased from Rs. 2,734.52 Lakhs in 2023 to Rs. 4,549.63 Lakhs in 2024.

3. Capital Management:

   • The company aims to maintain a stable capital structure to ensure business stability, growth, and adherence to covenants and regulations.
   • Strategies include issuing new shares, declaring dividends, and returning capital to shareholders.

4. Dividend:

   • Dividend Paid: Increased from Rs. 494.35 Lakhs in 2022-23 to Rs. 1,078.88 Lakhs in 2023-24.
   • Dividend per Share: Final dividend for 2022-23 was Re. 0.10 per equity share, up from Re. 0.05 in the previous year.

Summary for Investment Consideration:

Lloyds Engineering Works Limited shows strong financial growth with significant increases in trade receivables and cash equivalents, indicating improved liquidity and operational efficiency. The company has also increased its dividend payout, reflecting confidence in its financial health. However, the rise in financial liabilities should be monitored. Overall, the company appears to be managing its capital effectively to support growth and shareholder returns.### Key Highlights of the Company:

1. Proposed Dividend:

   • The Board has recommended a final dividend of 20 paise per equity share for the financial year ending March 31, 2024, amounting to Rs. 2,289.26 lakhs, subject to approval at the Annual General Meeting.

2. Convertible Warrants:

   • The company raised funds through the allotment of 16.5 crore convertible warrants at a premium of Rs. 2.86 each to the Promoter/Promoter Group.
   • In May 2023, 7.5 crore of these warrants were converted, raising Rs. 2,171.25 lakhs (75% of the issue price).

3. Rights Issue:

   • In January 2024, the company allotted 6.34 crore shares to equity shareholders at Rs. 15.50 per share, raising Rs. 9,837.01 lakhs.

4. Financial Ratios:

   • Current Ratio: Improved significantly to 3.21 from 1.85, indicating better liquidity.
   • Debt-Equity Ratio: Reduced to 0.18 from 0.27, showing a stronger equity base.
   • Debt Service Coverage Ratio: Increased to 1.40 from 0.86, indicating better ability to service debt.
   • Return on Equity (ROE): Increased to 26.32% from 22.27%, reflecting higher profitability.
   • Inventory Turnover Ratio: Improved to 5.76 from 3.83, indicating efficient inventory management.
   • Net Profit Ratio: Increased to 12.79% from 11.78%, showing improved profitability.
   • Return on Capital Employed (ROCE): Slightly increased to 22.12% from 21.99%, indicating efficient use of capital.
   • Return on Investments: Decreased to 3.89% from 5.51%, due to increased fixed deposits and equity investments.

Summary for Investment Consideration:

• The company shows strong liquidity and improved profitability metrics.
• Significant funds have been raised and utilized effectively through convertible warrants and rights issues.
• The debt-equity ratio has improved, indicating a stronger financial position.
• Key profitability ratios like ROE and net profit ratio have shown positive growth.
• The company is proposing a final dividend, reflecting confidence in its financial health.

These highlights suggest a financially stable and growing company, making it a potentially attractive investment opportunity for Person X.### Key Highlights of Lloyds Engineering Works Limited:

1. Immovable Property:

   • The company holds a building flat at Rooprekha Co-op. Housing Society Limited with a gross carrying value of ₹5.15 lakhs.
   • The title deed is in the name of Lloyds Steel Industries Limited due to a demerger order by the Bombay High Court on 1st April 2014.

2. Corporate Social Responsibility (CSR) Expenditure:

   • For the year ending 31st March 2024, the company was required to spend ₹43.02 lakhs on CSR activities.
   • The actual expenditure incurred was ₹36.00 lakhs.
   • There was no shortfall in CSR spending; an excess of ₹1.30 lakhs will be carried forward to the next financial year.
   • CSR activities focus on providing nutritious meals to the needy in Mumbai, in collaboration with the NGO Akshaya Chaitanya, feeding about 14,000+ people daily.

3. Financial Statements Approval:

   • The financial statements were approved by the Board of Directors on May 2, 2024.

4. Audit and Board Signatures:

   • The financial statements are audited by S Y Lodha & Associates, Chartered Accountants.
   • Key signatories include Shashank Lodha (Partner), Mukesh R. Gupta (Chairman), Kishore M. Pradhan (Independent Director), Kalpesh P. Agrawal (Chief Financial Officer), and Rahima S. Shaikh (Company Secretary).

These highlights indicate a company with a clear focus on social responsibility and transparent financial practices, which could be attractive for investment.Sure, I'd be happy to help. Please provide the text of the report you would like me to analyze.Lloyds Engineering Works Limited (formerly Lloyds Steels Industries Limited) is located in the MIDC Industrial Area in Murbad, District Thane, Maharashtra. Key highlights for potential investment consideration include:

1. Rebranding: The company has recently undergone a rebranding from Lloyds Steels Industries Limited to Lloyds Engineering Works Limited, which may indicate a strategic shift or expansion in their business operations.

2. Location: Situated in a well-established industrial area, which could provide logistical advantages and access to a skilled workforce.

3. Industry: The company operates in the engineering and manufacturing sector, which can be a stable and potentially lucrative industry depending on market conditions and company performance.

For a more informed investment decision, further details on financial performance, market position, and future growth plans would be necessary.