Lloyds metals & energy Limited has established a new step-down subsidiary in Dubai to strengthen its international presence and explore strategic opportunities in the metals and mining sector. The company disclosed the incorporation of Virtus Lloyds Resources FZCO under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.

Subsidiary Incorporation Details

Virtus Lloyds Resources FZCO was incorporated on 17th February, 2026, in the Dubai Multi Commodities Centre Zone, United Arab Emirates. The subsidiary was established by Lloyds Global Resources FZCO, which is a wholly owned subsidiary of Lloyds Metals and Energy Limited, making Virtus a step-down subsidiary of the parent company.

Business Objectives and Strategic Focus

The newly incorporated entity will focus on investment and trading in metals and mining activities. The primary objective is to expand Lloyds Metals and Energy Limited's business operations in the United Arab Emirates, specifically within Dubai's Multi Commodities Centre Zone. Additionally, the subsidiary aims to facilitate strategic partnerships with metals and minerals developers from the United States of America.

Financial Structure and Investment

The acquisition involves a cash consideration of AED 50,000, which will be paid by Lloyds Global Resources FZCO for subscribing to 100% equity stake in Virtus Lloyds Resources FZCO. As a newly incorporated entity, Virtus has not yet commenced business operations and financial statements are not available.

Regulatory Compliance

The incorporation does not require any governmental or regulatory approvals beyond the standard incorporation procedures. The transaction does not fall under related party transactions involving promoters or promoter groups, as confirmed in the company's disclosure. The establishment aligns with the company's expansion strategy in the metals and mining sector without deviating from its core business activities.

Strategic Implications

The Dubai-based subsidiary positions Lloyds Metals and Energy Limited to leverage the strategic location of the Dubai Multi Commodities Centre Zone for international trade and investment activities. The entity's focus on establishing partnerships with US-based metals and minerals developers indicates the company's intent to expand its global footprint and access new markets in the metals and mining industry.

Lloyds Metals & Energy Limited has issued a clarification to BSE Limited regarding the recent increase in trading volume of its equity shares, stating that the movement is purely market-driven with no pending material information requiring disclosure.

BSE Inquiry and Company Response

The clarification came in response to BSE's email dated February 12, 2026, bearing reference number L/SURV/ONL/PV/APJ/2025-2026/917, which sought explanation for the volume surge in the company's scrip. Company Secretary Akshay Vora signed the response on behalf of the management.

Regulatory Compliance Statement

The company confirmed compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Management stated there is no pending information or announcement that could influence the price or volume behavior of the company's shares.

Key aspects of the company's position include:

• No material information pending disclosure under SEBI Listing Regulations
• Volume movement attributed to prevailing market conditions
• Management has no control over or knowledge of specific trading volume drivers
• Continued commitment to regular disclosure of Unpublished Price Sensitive Information (UPSI)

Market-Driven Movement

Lloyds Metals emphasized that the increased trading volume is purely market-driven and beyond management control. The company reiterated its commitment to transparency, stating it has been regularly disseminating all UPSI as required under applicable regulations.

Corporate Information

The company operates from its registered office in Ghugus, District Chandrapur, Maharashtra, with corporate office located in Lower Parel, Mumbai. Lloyds Metals continues to maintain its commitment to regulatory compliance and stakeholder communication through proper disclosure mechanisms.