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. The issue price per warrant was ₹740, with an initial subscription of ₹259 per warrant. The conversion involved receiving the balance subscription amount of ₹481 per warrant. Furthermore, the Board approved the incorporation of a wholly-owned subsidiary in Maharashtra with an estimated capital outlay of over ₹252 crore. The company also greenlit the development of the Second Slurry Pipeline Project from Hedri to Maharashtra Port, to be implemented in two phases, along with necessary financing arrangements. In terms of human resources, Mr. Ashit Patni, Chief Marketing Officer, was designated as Senior Managerial Personnel. 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 a 100% equity stake in TP Phoenix (Pty) Ltd in South Africa for up to USD 1 million. Additionally, the capacity of Pellet Plants at Konsari is set to increase from 4 MTPA to 5 MTPA each through debottlenecking and technological upgrades. The Board Meeting commenced at 4:40 PM IST and concluded at 6:05 PM IST on February 3, 2026.
