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. Additionally, the company approved the allotment of 8,05,500 equity shares upon the conversion of preferentially issued convertible warrants to non-promoters. The Board also sanctioned the incorporation of a wholly-owned subsidiary in Maharashtra, India, with an estimated capital outlay of over ₹252 crore. Further approvals included the development of the Second Slurry Pipeline Project from Hedri to Maharashtra Port, to be implemented in two phases. Mr. Ashit Patni, Chief Marketing Officer, was designated as Senior Managerial Personnel. The Board also approved the acquisition of up to 95% equity stake in a Singapore-based entity, Lloyds Asia Resources Pte. Ltd., for up to USD 5 million, and 100% equity stake in TP Phoenix (Pty) Ltd in South Africa for up to USD 1 million. Capacity expansion of Pellet Plants at Konsari from 4 MTPA to 5 MTPA each was also approved. The Board Meeting commenced at 4:40 PM IST and concluded at 6:05 PM IST.
