Crosslink Food and Farms Private Limited, a promoter of Lloyds Metals & Energy , has released the pledge on 22,00,000 equity shares. The release was executed in favour of Bajaj Finance Limited and Tata Capital Limited pursuant to Unattested Pledge Agreements. The transactions were completed on June 10 and June 16, 2026, respectively, reducing the encumbrance on the promoter's holding.

The disclosure was submitted to BSE Limited and National Stock Exchange of India Limited on June 18, 2026. The filing was made in compliance with Regulation 31(1) and Regulation 31(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Ravi Agarwal, Director of Crosslink Food and Farms Private Limited, signed the disclosure.

Details of Pledge Release

The release of pledge involved two separate transactions with different lenders. The specific details regarding the number of shares and the dates of the transactions are outlined below.

Regulatory Context

The release of encumbrance was reported to the stock exchanges as per the prescribed format for disclosures by promoters. The filing confirmed that the total number of shares released from pledge amounted to 22,00,000. The document also provided a summary of the shareholding and encumbrance status of other promoters in the target company as of the reporting date, though no changes were reported for those entities.

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.