Lloyds Metals and Energy Limited's Board of Directors, in a meeting held on February 3, 2026, approved the unaudited financial results (standalone and consolidated) for the quarter and nine months ended December 31, 2025. The board also sanctioned the allotment of 8,05,500 equity shares upon conversion of preferentially issued convertible warrants to non-promoters, at a premium of ₹739 per share. Additionally, the company approved the incorporation of a wholly-owned subsidiary in Maharashtra with an estimated capital outlay of over ₹252 crore. Further approvals were granted for the development and financing of a Second Slurry Pipeline Project from Hedri to Maharashtra Port and for the designation of Mr. Ashit Patni, Chief Marketing Officer, as Senior Managerial Personnel. In strategic international moves, the company's wholly-owned subsidiary, Lloyds Global Resources FZCO, received approval to acquire up to 95% equity stake in Lloyds Asia Resources Pte. Ltd. in Singapore for up to USD 5 million, and to acquire 100% equity stake in TP Phoenix (Pty) Ltd in South Africa for up to USD 1 million. The Board also approved the increase in capacity of Pellet Plants at Konsari from 4 MTPA to 5 MTPA each. The Board meeting commenced at 4:40 PM IST and concluded at 6:05 PM IST.
