Lloyds Metals & Energy has announced that its wholly owned subsidiary, Lloyds Steel Private Limited, has acquired a significant stake in Loka Metals Private Limited through a preferential allotment. The strategic investment aligns with the company's expansion in the steel processing and wire rod marketing segments.

Investment Details

The acquisition involves substantial financial commitment and strategic positioning in the steel industry:

Target Company Profile

Loka Metals Private Limited represents a strategic addition to Lloyds' portfolio with specific industry focus:

Strategic Rationale

The acquisition serves Lloyds Metals' marketing strategy for wire rods, expanding its presence in the steel processing value chain. Loka Metals operates in complementary business areas including steel processing, iron and steel trading, and specialized cut-and-bend services. The investment provides Lloyds with a strategic foothold in the Telangana market through its subsidiary.

Financial and Operational Context

As a newly incorporated entity, Loka Metals has not yet closed its first financial year, with no audited financial statements currently available. The company is in the developmental phase, focusing on establishing its steel distribution facilities and operational infrastructure. The preferential allotment was completed through private placement, with all regulatory disclosure requirements fulfilled under SEBI regulations.

Regulatory Compliance

The transaction has been disclosed in accordance with Regulation 30 of SEBI Listing Regulations, with comprehensive details provided to stock exchanges. The investment does not constitute a related party transaction and requires no additional governmental or regulatory approvals for completion.

Thriveni Earthmovers Private Limited has announced the release of pledge on 64,14,150 equity shares of lloyds metals & energy , representing 1.18% of the company's paid-up share capital. The pledge release became effective from February 19, 2026, and was disclosed to stock exchanges on February 23, 2026.

Pledge Release Details

The pledge release pertains to an original Unattested Pledge Agreement executed on May 29, 2024, between Thriveni Earthmovers Private Limited and ICICI Bank Limited. The release was attributed to closure of loan and release of security arrangements with the bank.

Current Shareholding Position

Following the pledge release, Thriveni Earthmovers Private Limited's shareholding structure in Lloyds Metals and Energy Limited has been updated. The company continues to hold a significant stake as a promoter entity.

Regulatory Compliance

The disclosure was made in compliance with Regulation 31(1) and 31(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The notification was simultaneously submitted to BSE Limited and National Stock Exchange of India Limited, where Lloyds Metals and Energy Limited shares are listed.

Other Promoter Holdings

The disclosure also provided a comprehensive overview of other promoter entities and their encumbrance status. Notable promoter holdings include Crosslink Food and Farms Private Limited with 6,55,58,548 shares (12.03%) and Sky United LLP holding 7,34,54,636 shares (13.47%). Among these, only Crosslink Food and Farms Private Limited maintains encumbered shares totaling 89,65,408 shares representing 1.64% of the total share capital.

The pledge release represents a reduction in the overall encumbered shareholding of the promoter group and reflects the completion of financial obligations with ICICI Bank Limited. Thriveni Earthmovers Private Limited continues to maintain its promoter status with substantial shareholding in Lloyds Metals and Energy Limited.