ASI Industries Increases Lloyds Metals Stake to 0.011% with ₹3.69 Cr Investment

ASI Industries Limited has expanded its investment in Lloyds Metals and Energy Ltd through an additional strategic acquisition completed on March 17, 2026. The company informed BSE Limited about this latest acquisition under Regulation 30 of SEBI Listing Regulations on March 18, 2026.

Updated Investment Details

The latest acquisition involved purchasing an additional 30,000 equity shares of Lloyds Metals and Energy Ltd for investment purposes through stock exchange transactions. This fresh investment brings ASI Industries' total cumulative holding to 60,000 shares, representing 0.011% of the target company's shareholding.

Parameter: Latest Transaction Cumulative Position Fresh Shares Acquired: 30,000 equity shares 60,000 equity shares Investment Amount: ₹3.69 crores Total cumulative investment Shareholding Percentage: Fresh acquisition 0.011% Transaction Date: March 17, 2026 - Nature of Consideration: Cash consideration -

Investment Strategy

ASI Industries emphasized that the shares were acquired through stock exchange transactions as part of the company's investment strategy to generate long-term and short-term investment benefits. The company explicitly stated that it does not intend to acquire control, whether directly or indirectly, of the management of Lloyds Metals and Energy Ltd.

Target Company Profile

Lloyds Metals and Energy Ltd is a prominent Indian enterprise in the steel and mining sector, established on April 5, 1977. Headquartered in Mumbai, Maharashtra, the company operates across the entire steel manufacturing value chain, from iron ore mining to Direct Reduced Iron (DRI) production, and is progressing towards full steel production.

Financial Metric: Amount (as of March 31, 2025) Turnover (Standalone): ₹6,721.40 crores PAT: ₹1,450.95 crores Net Worth: ₹6,403.08 crores

Historical Performance

Lloyds Metals has demonstrated significant growth trajectory over the past three years:

Financial Year: Turnover 2024-25: ₹6,721.40 crores 2023-24: ₹6,524.65 crores 2022-23: ₹3,392.31 crores

Regulatory Compliance

ASI Industries confirmed that the acquisition does not fall within related party transactions and that promoters or group companies have no interest in the acquired entity. The transaction was conducted at arm's length, requiring no governmental or regulatory approvals. The company obtained information about the target entity from Lloyds Metals' website, annual report for FY 2024-25, and BSE/NSE websites.

This expanded investment reflects ASI Industries' continued confidence in the steel and mining sector through strategic minority stake acquisitions, maintaining its focus on generating investment returns without seeking operational control.

ASI Industries Limited has announced the opening of a special window for shareholders to re-lodge physical share transfer requests that were previously rejected or not processed. The initiative, effective from February 5, 2026 to February 4, 2027, aims to address pending transfer issues that occurred prior to the April 1, 2019 deadline.

SEBI Regulatory Framework

The special window has been established following SEBI circular No. HO/38/13/11(2)2026-MIRSD-POD/1/3750/2026 dated January 30, 2026. ASI Industries has submitted newspaper clips to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirming the publication of advertisements in Business Standard (English) and Praaktaal (Marathi) newspapers.

Eligibility Criteria and Process

The company has outlined specific eligibility requirements for shareholders seeking to utilize this facility:

Execution Date of Transfer Deed Lodged Before April 1, 2019 Original Certificate Available Eligible for Current Window Before April 1, 2019 No (Fresh lodgement) Yes ✓ Before April 1, 2019 Yes (Previously rejected/returned) Yes ✓ Before April 1, 2019 Yes No ✗ Before April 1, 2019 No No ✗

Eligible investors must possess original security certificates and meet the specified lodgement criteria. All securities re-lodged during this period will be issued exclusively in demat mode, following proper transfer-cum-demat procedures.

Submission Details and Contact Information

Shareholders can submit their requests with requisite documents to either the company or its Registrar and Transfer Agent:

Company Contact:

ASI Industries Limited

Address: Marathon Innovva, A Wing, 7th Floor, Off: Ganpatrao Kadam Marg, Lower Parel, Mumbai 400013

Phone: 022-40896100

Email: investors@asigroup.co.in

Registrar and Transfer Agent:

MUFG Intime India Private Limited

Address: C-101, 247 Park L.B.S. Marg, Vikhroli (West) Mumbai 400083

Phone: 8108116767

Toll-free: 1800 1020 878

Email: rnt.helpdesk@in.mps.mufg.com

Implementation and Support

ASI Industries and its RTA have established focused teams to handle these special transfer requests efficiently. The company emphasizes that due process will be followed for all transfer-cum-demat requests submitted during the one-year window period. This initiative provides shareholders with a structured opportunity to resolve long-pending physical share transfer issues while ensuring compliance with current regulatory requirements for dematerialized securities.

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