Lloyds Metals And Energy Limited announced the outcome of its Board Meeting held on February 3, 2026. The Board approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter and nine months ended December 31, 2025. The company also approved the allotment of 8,05,500 equity shares upon conversion of preferentially issued convertible warrants to non-promoters. Additionally, the Board approved the incorporation of a wholly-owned subsidiary in Maharashtra with an estimated capital outlay of over ₹252 crore. The development of the Second Slurry Pipeline Project from Hedri to Maharashtra Port was also approved, along with its financing. Mr. Ashit Patni, Chief Marketing Officer, has been designated as Senior Managerial Personnel. Furthermore, the company's wholly-owned subsidiary, Lloyds Global Resources FZCO, received approval to acquire up to a 95% equity stake in Lloyds Asia Resources Pte. Ltd. in Singapore for up to USD 5 million, and 100% equity stake in TP Phoenix (Pty) Ltd in South Africa for up to USD 1 million. The capacity of Pellet Plants at Konsari will be increased from 4 MTPA to 5 MTPA each. The Board Meeting commenced at 04:40 PM IST and concluded at 06:05 PM IST on February 3, 2026.
