Lloyds Enterprises Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2022

1. The statement of audited consolidated financial results ("the statement") of Shree Global Tradefin Limited for the quarter and year ended 31st March, 2022 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 27th May,2022. The above statement have been audited by the statutory auditor of the Company. The report of the Statutory Auditor are unqualified. The statements have been prepared in accordance with India Accounting Standards ('Ind AS') prescribed under section 133 of the Companies Act. 2013 and in terms of Reglulation 33 of the SEBI (Listing Obligations and Disclosure Requirements), 2015.



2.The Company is primarily engaged in the business of trading and there are no separate reportable segmets identified as per Ind AS-108- Operating Segment.



3 (i) Shree Global Tradefin (Company) entered into share purchase agreement on 28th February with thewith the erstwhile Promoters/Promoter Group of Lloyds Steels Industries Limited (Target Company) i.e. Metallurgical Engineering and Equipments Limited and FirstIndia Infrastructure Private Limited to acquire the Equity of Rs 1 each representing 46.12% of equity shares Capital / Voting CapitalVoting of the Target Company. Pursuant to the said Share Purchase Agreement which triggered the open offer requirement as per SEBI (SAST) Regulation 2011,The Shree global tradefin Limited made an opper in terms of regulation 3(1) and 4 of the said regulations to accquire upto 23,36,61,600 EquityShares of Re1 each, representing 26% of equity share capital/ voting capital of the target Company("Offer Size) at a price of Re 1( Rupees one only) per Equity Share ("Offer Price") payable in cash to public shareholders of the Target Company. Shree Global tradefin Limited has completed the open offer formalilties as certified by the Manager to the offer Mark Corporate Advisors Private Limited vide letter dated 18th May, 2021. Consequent to the completion of said open offer Shree Global tradefin Limited has acquired the control of Lloyds Steels Industries Limited and has been classified as the Prromoter of the Lloyds Steels Industries Limited. Further pursuant to the aforesaid acquisition of 41,44,41,116Equity shares (46.12%) of the Lloyds Steels Industries Limited from the exsisting Promoters/ Promoter Group of the Lloyds Steel Industries Limited, Shree Global tradefin Limited has become the Holding company of Lloyds Steel Industries Limited w.e.f. 21st May, 2021.



3 (ii) The Board of Directors at its meeting held on 12 th May 20 has made allotment of total 13,26,21,156 Equity Shares of Re. 1/- each at a premium of Rs. 1.50 each on Preferential basis to Metallurgical Engineering and Equipments Limited and FirstIndia Infrastructure Private Limited (Non- Promoters) for consideration other than cash i.e. in lieu of acquisition of their 46.12% collective stake in the equity shares of Lloyds Steels Industries Limited (“LSIL”) through swapping of shares of the Company. Consequent to the aforesaid allotment of 13,26,21,156 , the paid up equity capital of the Company has increased from Rs. 1,13,95,05,465/- consisting of 1,13,95,05,465 Equity Shares of Re. 1/- each to Rs. 1,27,21,26,621/- consisting of 1,27,21,26,621 Equity Shares of Re. 1/- each.



4.The Figure for the last quater are the balancing figures between audited financial result for the year and Unaudited nine months financial results published earlier.

5. The figures for the corresponding previous period have been regrouped/reclassified wherever necessary, to make them comparable.



6. The result for the the quarter ended 31st March, 2022 are available on the website of BSE at www.bseindia.com and on Company's website at www.sgtl.in