New Delhi: Lloyds Enterprises Ltd on Monday said its board has approved a strategic restructuring plan involving the consolidation and subsequent demerger of its real estate business into a separately listed entity, Lloyds Realty Ltd, as part of efforts to unlock shareholder value and sharpen business focus.
Under the proposed composite scheme of arrangement, Lloyds Enterprises will first amalgamate its real estate subsidiaries—Lloyds Realty Developers Ltd and Indrajit Properties Pvt Ltd—before demerging the consolidated real estate operations into Lloyds Realty. The scheme is aimed at providing shareholders with focused exposure to a pure-play real estate platform, while separating it from the company’s core steel trading business.
Lloyds Realty will enter the market with a development pipeline exceeding ₹7,000 crore in revenue potential, backed by a land bank of around 270 acres and over 15 million square feet of developable area across the Mumbai Metropolitan Region. Key projects include large-scale redevelopment in Goregaon West, a premium commercial project under the Bandra SRA scheme, mixed-use development on Thane’s Ghodbunder Road, an industrial and logistics park at Taloja, and a residential-led township project in Khopoli.
As per the approved share exchange ratio, shareholders of Lloyds Enterprises will receive one equity share of Lloyds Realty for every two equity shares held in Lloyds Enterprises. The company said the demerger will follow a mirror-shareholding structure, ensuring proportional participation for all shareholders, including holders of partly paid-up shares.
The restructuring, subject to regulatory and shareholder approvals, is expected to take effect from April 1, 2026. Lloyds Enterprises said the move will enable transparent valuation of its real estate assets, improve capital allocation and provide investors with a dedicated vehicle to participate in India’s real estate growth story.