Intimation for Acquisition of shares by Lloyds Steel Private Limited, wholly owned subsidiary Company.
LLOYDSME · price
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Lloyds Metals' wholly-owned subsidiary, Lloyds Steel Private Limited, has picked up a 19.50% stake in Loka Metals Private Limited through a preferential allotment. Loka Metals is a newly incorporated company (September 2025) based in Telangana and is yet to start business operations. It will operate in steel processing, trading of iron and steel, and cut-and-bend activities. The deal cost is Rs. 1.17 crore for 11.70 lakh shares at Rs. 10 per share (par value). The stated purpose is to support the marketing strategy for wire rods. The investment is small in size and in a company that has not yet commenced operations.
This is a small, strategic investment in a related business vertical rather than a transformative deal. Shareholders are unlikely to see an immediate financial impact, but it signals the company's intent to expand its presence in steel processing and distribution, particularly for wire rods.