Image Source: Lloyds Enterprises
Lloyds Engineering Works Limited has signed a Memorandum of Understanding with Windsor Machines Limited for the purchase of industrial land and factory buildings at GIDC Vatva Industrial Area, Ahmedabad. The deal covers plots, existing buildings, and fixed assets, marking a significant expansion move.
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Lloyds Engineering Works Limited has formally disclosed to BSE and NSE that it has entered into a Memorandum of Understanding with Windsor Machines Limited. This agreement is focused on acquiring prime industrial property in Ahmedabad, strengthening Lloyds’ operational footprint and asset base.
Key Highlights
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The MoU involves purchase of plots 5402, 5403, 5404, and 5405 at GIDC Vatva Industrial Area, Ahmedabad
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Assets include factory buildings, plant and machinery, cranes, solar installations, and other fixed infrastructure
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The agreement is strictly limited to property transfer and does not establish any partnership, joint venture, or continuing commercial relationship between the parties
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No shareholding, related party transactions, or board representation are involved, ensuring a clean arms-length transaction
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The move is expected to enhance Lloyds Engineering Works’ manufacturing capacity and long-term growth prospects
Source: Lloyds Engineering Works Limited, BSE Filing, NSE Filing,
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