Key Transaction Details
Lloyds Steel Private Limited (formerly Lloyds Logistics Private Limited), a wholly-owned subsidiary of Lloyds Metals and Energy Limited, subscribed to 5,85,000 fully paid-up equity shares of Loka Metals Private Limited. This subscription was made pursuant to a right issue offered by Loka Metals to its existing shareholders. The shares were allotted in proportion to their respective existing shareholding.
Quantitative Figures
The total cash consideration for the subscription was ₹58,50,000 (Rupees Fifty-Eight Lakhs Fifty Thousand Only). This amount was paid at the par value of ₹10 per share.
Parties Involved
- Investor: Lloyds Steel Private Limited (Subsidiary of Lloyds Metals and Energy Limited)
- Target Entity: Loka Metals Private Limited
Purpose or Rationale
The stated object of the acquisition is for the "Marketing strategy of wire rods."
Details of the Target Entity (Loka Metals Private Limited)
- Industry: Steel processing, trading in iron and steel industry, and cut and bend operations.
- Location: Hyderabad, Telangana.
- Date of Incorporation: 2nd September 2025.
- Financials: As it is a newly incorporated entity, audited financial statements and turnover figures are not yet available.
- Business: The company is in the process of setting up a steel distribution facility and a cut and bend plant.
Impact on Shareholding
There is no change in the percentage shareholding of Lloyds Steel in Loka Metals as a result of this transaction. The shares were allotted on a right issue basis to existing shareholders in proportion to their existing holdings.
Other Key Information from Annexure
- The transaction is not a related party transaction.
- No governmental or regulatory approvals were required for this acquisition.
- An indicative time period for completion is not applicable.
Document and Company Information
- Company Scrip Code: BSE: 512455 | NSE: LLOYDSME
- The disclosure is also available on the company's website at www.lloyds.in.