Lloyds Metals Subsidiary Invests ₹58.5 Lakh in Loka Metals

Lloyds Metals and Energy Ltd announced that its wholly owned subsidiary, Lloyds Steel Private Limited, has subscribed to 5,85,000 equity shares of Loka Metals Private Limited for a cash consideration of ₹58.5 Lakhs. This investment was made through a rights issue at par value of ₹10 per share. Loka Metals, incorporated on September 2, 2025, is involved in steel processing and trading, and is setting up a steel distribution facility. The investment is part of Loka Metals' marketing strategy for wire rods. This transaction does not alter the existing shareholding percentage of Lloyds Steel in Loka Metals as it was a rights issue to existing shareholders.