Lloyds Metals and Energy Limited announced the outcome of its Board Meeting held on August 10, 2026. The Board approved the unaudited financial results (standalone and consolidated) for the quarter ended June 30, 2026. Key decisions also included the appointment of Mr. Avijit Ghosh as an Additional Director and approval for investments in renewable energy projects, including acquisitions in wind and solar power entities.
Board Meeting Outcomes
Lloyds Metals and Energy Limited announced today, August 10, 2026, that its Board of Directors met to approve the unaudited financial results for the quarter ended June 30, 2026. The results, both standalone and consolidated, were reviewed by the Audit Committee and subsequently approved by the Board.
Director Appointments and Investments
In addition to financial outcomes, the Board approved the appointment of Mr. Avijit Ghosh (DIN: 03101511) as an Additional Director, designated as Non-Executive, Independent Director for a term of five years, commencing August 10, 2026, subject to member approval.
Furthermore, the company greenlit a strategic initiative to invest in renewable energy projects for captive consumption. This includes acquiring a minimum 26% stake in Amplus Green One Power Private Limited, Amplus Energy One Private Limited, and Amplus Ceres Solar Private Limited through Share Subscription and Shareholders Agreements and Wind/Solar Power Purchase Agreements. The total consideration for these acquisitions is approximately ₹48.02 crore (₹29.66 crore + ₹8.47 crore + ₹9.89 crore).
Other Key Approvals
The Board also approved the conversion of outstanding loans into equity shares of Lloyds Global Resources FZCO, a wholly-owned subsidiary. Additionally, an investment of up to INR 625 crore in Thriveni Earthmovers and Infra Private Limited, another subsidiary, was approved through a rights issue or further issue of capital.
The Board meeting commenced at 03:27 PM (IST) and concluded at 04:30 PM (IST).
Source: BSE
