Lloyds Metals completes acquisition of Mandovi River Pellets equity shares

On September 12, 2025, Lloyds Metals and Energy Limited informed stock exchanges that equity shares of Mandovi River Pellets Private Limited (MRPPL) have been credited to its demat account. This action follows earlier disclosures on August 12, 2025, concerning the acquisition of a 19.40% equity stake in MRPPL, and on August 29, 2025, regarding the subscription to 1,64,90,000 equity shares.

These 1,64,90,000 equity shares, valued at an aggregate consideration of Rs. 16,49,00,000, represent 19.40% of the total issued, subscribed, and paid-up equity share capital of MRPPL. This development finalizes the transaction, making Lloyds Metals and Energy Limited a significant stakeholder in Mandovi River Pellets Private Limited.

The company's announcement confirms the successful completion of the share transfer process. The information is also available on Lloyds Metals and Energy Limited's official website.