ASI Industries Ltd. Acquires Stake in Lloyds Metals and Energy Ltd.
ASI Industries Ltd. announced the acquisition of equity shares in Lloyds Metals and Energy Ltd. for investment purposes on March 17, 2026. The acquisition was completed on that date.The total cost of the acquisition amounted to Rs. 3.69 Crores, representing a cash consideration. The acquisition resulted in a fresh acquisition of 30,000 shares, bringing the total cumulative shareholding of ASI Industries Ltd. to 60,000 shares, or 0.011% of Lloyds Metals and Energy Ltd.’s outstanding shares.
Lloyds Metals and Energy Ltd., incorporated on April 5, 1977, operates in the steel and mining sector. As of March 31, 2025, the company reported a turnover of Rs. 6721.40 Crore, a profit after tax of Rs. 1450.95 Crore, and a net worth of Rs. 6403.08 Crore. The company’s business encompasses the entire steel manufacturing value chain, from iron ore mining to Direct Reduced Iron (DRI) production.
ASI Industries Ltd. stated that the acquisition was made at arm’s length and does not involve the intention to acquire control of the target entity's management. The investment is aimed at reaping long-term and short-term investment benefits.
| Financial Data (Lloyds Metals and Energy Ltd. - As of March 31, 2025) | Value (Crore) |
|---|---|
| Turnover (Standalone) | 6721.40 |
| Profit After Tax | 1450.95 |
| Net Worth | 6403.08 |
| Turnover History (ASI Industries Ltd.) | Financial Year | Value (Crore) |
|---|---|---|
| 1st Previous Year (2024-25) | 6721.40 | |
| 2nd Previous Year (2023-24) | 6524.65 | |
| 3rd Previous Year (2022-23) | 3392.31 |
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