Lloyds Metals and Energy Limited has informed the exchanges that its wholly owned subsidiary, Lloyds Global Resources FZCO (LGRF), has incorporated a new entity, Virtus Lloyds Resources FZCO, in the Dubai Multi Commodities Centre (DMCC) Zone on February 17, 2026 .
According to the disclosure dated February 18, 2026, Virtus will function as a step-down subsidiary of Lloyds Metals and Energy Limited .
Key details of the incorporation
As per Annexure A of the filing (page 2), Virtus Lloyds Resources FZCO is incorporated in Dubai, United Arab Emirates, within the DMCC Zone. Since it is a newly incorporated entity, financial statements are not yet available .
The company will operate in the business of investment and trading in metals and mining. The stated objective is to expand the group’s investment activities in metals and mining in the UAE and to enter into strategic partnerships with metals and minerals developers from the United States of America .
Investment structure and stake
The consideration for subscribing to 100% equity stake in Virtus is AED 50,000, which will be paid by LGRF, the wholly owned subsidiary of Lloyds Metals and Energy Limited .
As disclosed (page 3), 100% of the paid-up equity share capital of Virtus will be held by LGRF . The entity was incorporated on February 17, 2026, and is yet to commence business operations .
The company has stated that no governmental or regulatory approvals are applicable for this incorporation, and the disclosure has been made under Regulation 30 of the SEBI Listing Regulations .
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