Lloyds Metals And Energy Limited — JV/Acquisition, 03-02-2026: Acquisition

Lloyds Metals and Energy is expanding its global footprint with two strategic acquisitions. Its subsidiary will acquire up to 95% stake in Singapore-based Lloyds Asia Resources Pte. Ltd. for up to $5 million (approx Rs. 41.5 Cr). This unit will be a regional platform for mining and mineral investments across Asia, boosting India's energy security. Concurrently, it will acquire 100% of South Africa's TP Phoenix (Pty) Ltd for up to $1 million (approx Rs. 8.3 Cr), establishing an African operations hub for mining services and asset ownership. These moves underline the company's push for international growth and diversified resource exploration.