Lloyds Metals and Energy Limited has disclosed that its wholly owned subsidiary, Lloyds Steel Private Limited, has subscribed to 5,85,000 fully paid-up equity shares in Loka Metals Private Limited. The investment amounts to a cash consideration of ₹58.50 lakh, executed at a par value of ₹10 per share. This strategic move supports the marketing strategy for wire rods and aligns with the steel processing and trading activities of the target entity.

The subscription was completed pursuant to a rights issue made by Loka Metals to its existing shareholders. Consequently, there is no change in the percentage shareholding of Lloyds Steel in Loka Metals, as the shares were allotted in proportion to existing holdings. The disclosure was submitted to BSE Limited and the National Stock Exchange of India Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Loka Metals Private Limited is a newly incorporated entity based in Telangana, Hyderabad, having been established on September 2, 2025. As the company is in the process of setting up a steel distribution facility and cut and bend plant, its audited financial statements are not yet available. The acquisition does not fall within related party transactions, and no specific governmental or regulatory approvals were required for this transaction.

Transaction Details

The key parameters of the investment are summarised below:

The board of Lloyds Metals and Energy Limited approved the disclosure, which was signed by Company Secretary Akshay Vora on June 16, 2026. The information is also available on the company's official website.

Lloyds Metals and Energy Limited granted 1,41,300 Employee Stock Options to eligible employees under its Lloyds Metals and Energy Limited Employee Stock Option Plan – 2017, following approval from the Nomination and Remuneration Committee (NRC) on June 5, 2026. The options carry an exercise price of Rs 4 per option and are exercisable into fully paid-up equity shares with a face value of Re 1 each. This move aligns with the Securities and Exchange Board of India (Share Based Employee Benefits & Sweat Equity) Regulations, 2021.

The NRC approved the grant via a circular resolution, determining the pricing formula in accordance with the LLOYDS ESOP-2017. The total number of shares covered by these options is capped at 1,41,300, ensuring no dilution beyond this specific quantum upon exercise. The filing was submitted to BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 30 of the Listing Obligations and Disclosure Requirements Regulations, 2015.

Key Details of the Grant

The options are subject to a vesting period of a minimum of one year from the date of the grant. Once vested, the options can be exercised within a maximum period of three years from the date of vesting. The specific vesting schedule will be detailed in the individual grant letters issued to the employees. No options have been exercised, lapsed, or varied in terms as of the current date.

The company confirmed that the scheme is designed to incentivize employees while adhering to regulatory frameworks. Further details regarding the grant are available on the company's official website. The disclosure was made to ensure transparency and keep the stock exchanges informed about the material development in the company's employee benefit structure.