Lloyds Metals and Energy Ltd. Approves Acquisition of 26% Stake in Hexa Energy MH3 and Hexa Energy W2 for Power Procurement

Lloyds Metals and Energy Ltd. has approved the acquisition of a minimum 26% equity stake in Hexa Energy MH3 Private Limited and Hexa Energy W2 Private Limited for power procurement under the Group Captive Scheme. This strategic investment aligns with the company's commitment to sustainable energy sourcing and compliance with applicable electricity laws. The company will subscribe to equity shares in each Hexa W2 and Hexa MH3 to minimum 26% of the share capital, thereby qualifying as a captive user under applicable law. The company's investment will be made in tranches and the company will ensure consumption of at least 51% of the power generated by each project/company on an annual basis.