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

Lloyds Metals is strategically expanding its global footprint through its subsidiary, LGRF. It will acquire up to 95% stake in Singapore's Lloyds Asia Resources Pte. Ltd. for up to USD 5 million (~41.5 Cr). This move aims to establish an Asian platform for mining and mineral investments in regions like Papua New Guinea. Additionally, LGRF is acquiring 100% stakes in two South African entities, TP Phoenix (Pty) Ltd. and a new firm, 'Lloyds Global Resources South Africa,' for up to USD 1 million each (~8.3 Cr each). These acquisitions will create a strategic hub for African operations, focusing on mobile assets, mining services, and tapping local talent.