Acquisition of shares through stock exchange.
Price
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ASI Industries Ltd has purchased 30,000 equity shares of Lloyds Metals and Energy Ltd (LMEL) through the stock exchange for Rs. 3.69 Crores in cash. The purchase was completed on 17 March 2026, and the company now holds a cumulative 60,000 shares (0.011% stake) in LMEL purely as an investment. Lloyds Metals is a listed steel and mining company with FY25 standalone turnover of Rs. 6,721.40 Crores and net worth of Rs. 6,403.08 Crores. ASI Industries clarified this is not a related party transaction, was done at arm's length, and it does not seek any management control over LMEL.
This is a minor treasury investment (less than 0.02% stake) and is unlikely to materially impact ASI Industries' financials or stock price. It signals that the company is parking some surplus cash in a sector peer for potential long or short-term returns, but has no strategic or control implications.