Lloyds Metals and Energy Limited has increased its shareholding in Hexa Energy MH3 Private Limited to 29.72% through a fresh subscription of equity shares. On July 4, 2026, the company subscribed to 22,340 equity shares, representing a 12.27% stake in the issued and paid-up equity share capital of Hexa MH3. The total consideration for this acquisition was Rs 3,14,99,400. With this latest investment, the aggregate holding of Lloyds Metals and Energy Limited in Hexa MH3 stands at 44,681 equity shares. The move follows earlier intimations dated May 30, 2025, and June 27, 2025, regarding the investment and execution of agreements to subscribe to at least 26% of the target company's paid-up equity share capital.

Transaction Details

The acquisition was executed pursuant to Regulation 30(7) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The specific details of the transaction are outlined below:

The company confirmed that the information is available on its official website. The disclosure was submitted to BSE Limited and National Stock Exchange of India Limited by Akshay Pankaj Vora, Company Secretary.

Lloyds Metals and Energy Ltd reported its best-ever Q1 operational performance for Q1FY27, driven by significant production increases across all key segments. Iron ore output reached 6.05 million tonnes, marking a 53% year-on-year increase, while Direct Reduced Iron (DRI) production surged 131% to 182,000 tonnes. The company also recorded pellet production of 1.7 million tonnes and copper output of 2,754 tonnes during the period.

The strong momentum in iron ore production builds on the company's performance in FY26, with an anchor target to produce 26 MT of iron ore in FY27. The mined ore excludes Banded Hematite Quartzite (BHQ) of 5.9 million tonnes, which will be processed once the beneficiation plants are commissioned.

DRI production for Q1FY27 was 182,000 tonnes, compared with 79,000 tonnes in Q1FY26. This growth was supported by two new kilns that are fully commissioned and running to capacity.

Production Breakdown

The company recently commenced its 4 MNT pellet plant, ramping up its annual capacity to 8 million tonnes. Plant 1 is now running to full capacity, having produced 4 MNT in the full 12 months of operations. The company also achieved its first output of copper in Surya mines in March-26, establishing mine-to-market capabilities in copper.

Copper Segment Performance

Copper production for Q1FY27 stood at 2,754 tonnes. The company stated that this makes it India's first company with mine-to-market capabilities in copper. The copper produced includes residual production of the Chemaf plant.