Asi Industries Limited acquired an additional 4,10,000 equity shares of Lloyds Enterprises Limited on October 9, 2026. The transaction, valued at ₹3.03 crore, was executed through the stock exchange for investment purposes.

Following this acquisition, Asi Industries' total holding in Lloyds Enterprises stands at 5,00,000 shares, representing 0.033% of the target company's total share capital. The company initially held 90,000 shares (0.006%) prior to this purchase. The disclosure was made to BSE under Regulation 30 of the SEBI Listing Regulations, noting that the event occurred outside normal working hours.

Transaction Details

The acquisition was completed via cash consideration and does not involve any related party transactions or promoter group interest. Asi Industries stated it has no intention to acquire control, whether direct or indirect, over the management of Lloyds Enterprises. The shares are held with a view to reap long-term and short-term investment benefits.

Target Company Profile

Lloyds Enterprises Limited is an Indian company engaged in iron and steel trading, investments, and diversified business activities across industrial sectors. It holds interests in heavy engineering through Lloyds Engineering Works Limited, real estate development via Lloyds Realty Developers, and mining operations through Lloyds Metals and Energy Limited.

The target entity reported a standalone turnover of ₹463.20 crore and a Profit After Tax (PAT) of ₹268.09 crore as of March 31, 2026. Its net worth stood at ₹5,195.68 crore during the same period.

Financial Trends of Target Entity

Lloyds Enterprises has shown fluctuating revenue trends over the last three fiscal years. The turnover declined significantly from FY25 to FY26 after a substantial rise in the previous year.

What the Numbers Show

A notable divergence exists between the target's revenue contraction and its high profitability. While Lloyds Enterprises' turnover fell by approximately 22% from ₹593.37 crore in FY25 to ₹463.20 crore in FY26, its PAT remained robust at ₹268.09 crore. This implies that the profit margin is exceptionally high relative to revenue, suggesting that the entity may derive a significant portion of its earnings from non-operating income, such as dividends from subsidiaries or capital gains, rather than core trading activities alone.

Asi Industries Limited held its 80th Annual General Meeting (AGM) on Tuesday, September 22, 2026, at 11:30 am. The meeting was conducted through Video Conferencing and Other Audio Visual Means in compliance with regulatory guidelines issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India (SEBI).

Tushya Jatia, Executive Director, chaired the meeting after Deepak Jatia, Chairman, could not attend due to travel commitments. The primary business included the adoption of audited financial statements for the fiscal year ended March 31, 2026, and the declaration of a dividend on equity shares. Members also approved the re-appointment of Tushya Jatia as Director retiring by rotation.

Meeting proceedings and attendance

The meeting commenced with a quorum present throughout the session. Independent Directors Rajaram Agarwal and Padamkumar R. Poddar attended, along with Managing Director Deepak Jatia and Executive Director Anita Jatia via virtual mode. The statutory auditors, M/s B.L. Ajmera, and secretarial auditors, M/s GMJ & Associates, were also present.

The Chairman highlighted the company’s performance regarding revenue and net profit for FY26. No questions were raised by registered speakers during the open forum. Voting results from remote e-voting and the AGM will be disclosed separately on the company website and to the stock exchanges within two working days.

Agenda items resolved

The following resolutions were taken up during the meeting:

E-voting facilities were provided to members who did not cast votes remotely between September 19 and September 21, 2026.

Voting results and scrutiny

The scrutinizer’s report, submitted by CS Nirmal Gupta of M/s GMJ & Associates, confirmed that all resolutions were passed with requisite majority. The total number of shareholders on the record date (September 16, 2026) was 11,645. Of these, 6 promoter group members and 35 public shareholders attended via video conferencing.

The voting pattern indicates strong promoter alignment, with promoters holding 65,818,871 shares casting 100% of their votes in favor across all items. Public non-institutional shareholders polled 142,739 votes, representing 0.59% of their holding. Despite low public participation, dissenting votes remained negligible.

Resolution-wise voting summary

The dividend declared is ₹0.40 per equity share for the financial year ended March 31, 2026. The scrutinizer noted that remote e-voting constituted the vast majority of votes cast, with minimal participation during the live AGM session.