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Avantel Ltd, Lloyds Engineering Works Ltd, Shriram Finance Ltd and Ramkrishna Forgings Ltd are among the other losers in the BSE's 'A' group today, 28 April 2025.
Tejas Networks Ltd lost 12.43% to Rs 753 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 9.34 lakh shares were traded on the counter so far as against the average daily volumes of 2.36 lakh shares in the past one month.
Avantel Ltd crashed 9.43% to Rs 117.15. The stock was the second biggest loser in 'A' group.On the BSE, 7.21 lakh shares were traded on the counter so far as against the average daily volumes of 1.92 lakh shares in the past one month.
Lloyds Engineering Works Ltd tumbled 5.82% to Rs 59.6. The stock was the third biggest loser in 'A' group.On the BSE, 17.77 lakh shares were traded on the counter so far as against the average daily volumes of 7.11 lakh shares in the past one month.
Shriram Finance Ltd dropped 5.77% to Rs 617.85. The stock was the fourth biggest loser in 'A' group.On the BSE, 12.12 lakh shares were traded on the counter so far as against the average daily volumes of 2.95 lakh shares in the past one month.
Ramkrishna Forgings Ltd shed 5.52% to Rs 620. The stock was the fifth biggest loser in 'A' group.On the BSE, 3.21 lakh shares were traded on the counter so far as against the average daily volumes of 64342 shares in the past one month.
The record date for eligibility to receive rights entitlements has been set for 28 April 2025. Eligible shareholders will be entitled to 9 rights equity shares for every 34 fully paid-up shares held as on the record date. The rights issue will open on 15 May 2025, and close on 30 May 2025.
Proceeds from the issue will be deployed across a series of forward-looking initiatives. This includes the refurbishment and modernization of the company’s Murbad (Thane) manufacturing facility, the acquisition and upgrade of assets from Bhilai Engineering Corporation (BECL), and the expansion of Techno Industries, which LEWL acquired in FY25. Additional funds will bolster working capital to support a swelling order book and ensure smooth execution of complex turnkey projects.
Some of the capital will also be allocated for general corporate purposes, aligned with LEWL’s continuous growth agenda. The utilization of funds will be monitored by India Ratings, a monitoring agency appointed under SEBI (ICDR) Regulations, 2018, to ensure accountability and transparency.
Lloyd Engineering Works is a complete customised Process plant equipment-providing company in India. It provides a complete engineering and infrastructure solutions package by designing engineering, manufacturing, fabrication and installation. Its products cover various categories in heavy equipment, machinery and systems for the carbon sector, oil & gas, steel plants, power plants, nuclear plant boilers and turnkey projects. Various authorities like the Industrial Boiler Regulatory Authority, SGS UK, Petroleum and Explosives Safety Organisation, etc. have approved its facilities. The company's manufacturing facilities are located in Murbad, Thane and headquartered in Mumbai.
Net profit of Lloyds Engineering Works rose 24.37% to Rs 33.68 crore while net sales rose 14.04% to Rs 229.72 crore in Q3 December 2024 over Q3 December 2023.