Lloyds Metals And Energy Limited (LLOYDSME) — Announcement | 16 June 2026

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📢 Key Event
Lloyds Steel acquires 585,000 shares of Loka Metals via right issue

💡 Investor Takeaway
This acquisition expands Lloyds Steel's footprint into steel processing with no immediate financial dilution or shareholding change.

Lloyds Metals and Energy disclosed that its wholly owned subsidiary Lloyds Steel acquired 5,85,000 equity shares of Loka Metals Private Limited through a right issue at a cash consideration of [amount not verified] (₹10 per share), marking its entry into steel processing and trading. The transaction, detailed in a regulatory filing to BSE and NSE, involves a newly incorporated target with no audited financials, and no change in shareholding percentage for Lloyds Steel. The acquisition aligns with strategic expansion into steel distribution and cut-and-bend operations in Telangana.

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About Lloyds Metals And Energy Limited (LLOYDSME)

Metals & Mining · Minerals & Mining · Listed on NSE

Market Cap: ₹94,531.53 Cr P/E: 57.8

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