Subsidiary5 May 2026, 09:41 pm
Lloyds Metals Subsidiary to Acquire Stake in PNG Entity
AI Summary
Lloyds Metals and Energy Ltd's wholly-owned subsidiary, Lloyds Global Resources FZCO, has received approval to acquire an equity stake in an entity in Papua New Guinea. The entity, Lloyds Panguna Metals and Energy Limited (LPMEL), will engage with Bougainville Copper Limited (BCL) to pursue a long-term cooperation and mining agreement for the Panguna Mine in the Autonomous Region of Bougainville.
Key Highlights
- Lloyds Global Resources FZCO to acquire equity stake in Papua New Guinea entity.
- LPMEL will be a step-down subsidiary of Lloyds Metals and Energy Ltd.
- LPMEL to engage with Bougainville Copper Limited for Panguna Mine cooperation.
- Board approved issuance of Non-Convertible Debentures up to ₹700 Crore.
- Final Dividend of 100% (Re. 1/- per share) approved for FY 2025-26.