Lloyds Metals allots shares for acquisition of Thriveni Pellets stake

Lloyds Metals and Energy Limited announced the allotment of 1,957,458 equity shares at an issue price of INR 1,460.50 per share on a preferential basis, aggregating to INR 2,85,88,67,409. This allotment was made to Adler Industrial Services Private Limited (AISPL), a promoter shareholder of Thriveni Pellets Private Limited (TPPL). The issuance, approved by the board on August 12, 2025, and shareholders on September 11, 2025, is for consideration other than cash.

This preferential allotment facilitates the acquisition of a 49% shareholding in TPPL from AISPL, amounting to 8,824,900 shares. Additionally, Lloyds Metals acquired 178,299 shares (0.99%) from Thriveni Earthmovers Private Limited. Consequently, the company's paid-up equity capital increased from INR 52,64,48,232 to INR 52,84,05,690.

Post-allotment, Adler Industrial Services Private Limited’s shareholding in Lloyds Metals and Energy increased from 1,620,000 shares (0.31%) to 3,577,458 shares (0.68%). The company will apply for listing and trading approval for the newly allotted shares.