Lloyds Metals And Energy Limited — JV/Acquisition, 16-06-2026: Acquisition

Lloyds Metals' wholly-owned subsidiary, Lloyds Steel, has invested **₹0.585 Cr** in Loka Metals Private Limited through a rights issue. This investment ensures Lloyds Steel maintains its existing proportionate stake in Loka Metals. Loka Metals, a newly formed entity in Telangana, is establishing steel processing, trading, and cut & bend facilities. The move is a strategic step to bolster Lloyds Metals' wire rod marketing strategy, enhancing its presence in steel distribution and processing within the iron and steel sector.