ASI Industries Ltd — Important, 18-03-2026: Company Update

ASI Industries has acquired equity shares in Lloyds Metals and Energy Ltd (LMEL) for investment purposes. The company spent Rs. 3.69 Crores to purchase 30,000 new shares, bringing its total holding to 60,000 shares, representing a 0.011% stake in LMEL. This move aims to reap long-term or short-term investment benefits. LMEL is a prominent player in the steel and mining sector, involved in iron ore mining and steel production. ASI Industries emphasizes it does not intend to acquire management control of LMEL through this acquisition.