Lloyds Metals & Energy has appointed ACER Credit Rating Private Limited as its monitoring agency to oversee the utilization of proceeds from its preferential issue of warrants. The appointment was formalized through a Board resolution on 26th February, 2026, in compliance with regulatory requirements.

Board Approval and Regulatory Compliance

The company's Board of Directors approved the appointment through a circular resolution dated 26th February, 2026. This appointment follows the company's earlier intimation dated 3rd February, 2026, and is made pursuant to Regulation 41 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.

About the Monitoring Agency

ACER Credit Rating Private Limited is a SEBI registered Credit Rating Agency that will oversee the monitoring of proceeds raised through the Preferential Issue of Warrants. The appointment ensures compliance with regulatory requirements for monitoring the utilization of funds raised through capital market instruments.

Corporate Communication

The appointment details have been communicated to both BSE Limited and National Stock Exchange of India Limited. The information is also available on the company's website at www.lloyds.in for stakeholder reference.

Company Secretary Akshay Vora signed the regulatory filing, confirming the formal appointment and ensuring proper dissemination of information to all concerned parties as required under stock exchange regulations.

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.