Lloyds Metals and Energy Limited has announced the termination of its Monitoring Agency agreement with India Ratings and Research Private Limited. The agreement, originally dated July 24, 2025, was for the monitoring of proceeds raised through a preferential issue of warrants by the company. India Ratings and Research Private Limited issued a termination notice on February 2, 2026. The company stated that the termination does not have any material adverse impact on its operations or financial position. Lloyds Metals and Energy Limited will continue to ensure full compliance with SEBI regulations regarding the utilization of issue proceeds and will appoint a new monitoring agency within the statutory timelines. The termination was reportedly due to a disagreement on commercial terms. The company has provided details as required by SEBI regulations, including the nature of the agreement, its execution date, and the reasons for termination.
