Lloyds Engineering Works Ltd has entered into an agreement with Virtualabs S.r.l., an Italy-based company, on December 4, 2025. The update states that both firms will work on radar technology aimed at defence and civil use.
The company has clarified that there is no shareholding involved in the arrangement and that the agreement does not alter its control structure.
The filing notes that the collaboration focuses on development work in radar systems. Lloyds reported no restrictions, liabilities or board-related conditions linked to the agreement.
Areas such as financial impact, issuance of shares or conflict-related disclosures have been marked not applicable. The document confines the scope of the partnership to technical development.
This announcement follows 2 contracts signed on November 20, with Kliver Polska Sp. z o.o. of Poland. 1st contract, valued at $163,900, involves designing, prototyping and delivering a towed reel for a multifunctional underwater platform.
The 2nd, worth €310,000, covers the design, prototyping and delivery of an operational test tilt stand. These projects fall under specialised engineering equipment and are part of Lloyds’ broader technical activities.
The annexure indicates that the agreement does not involve related-party considerations or nominee-level participation.
No obligations tied to liabilities or restrictions were mentioned. The company has stated that the partnership is limited to development-based work without operational changes.
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As of December 05, 2025, 10:25 am, Lloyds Engineering Works share price was trading at ₹53.35, a 6.36% increase from the previous closing price.
The Virtualabs agreement adds to the company’s recent overseas engagements, following its Poland-based contracts. The filing outlines only the essential details, with updates likely once the development work progresses.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Dec 5, 2025, 11:10 AM IST
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