Lloyds Metals and Energy Limited’s Board of Directors convened on November 3, 2026, approving the unaudited financial results for the quarter and half-year ended September 30, 2026. The board also greenlit several strategic initiatives, including the establishment of a 360 MW thermal power plant, an investment of up to 30% in renewable energy projects, further investment in a subsidiary, and approval for raising funds via debt securities. The meeting also covered employee stock option grants.
Financial Results and Key Approvals
On November 3, 2026, the Board of Directors of Lloyds Metals and Energy Limited convened to review and approve the unaudited financial results for the quarter and half-year ended September 30, 2026. These results were duly reviewed by the Audit Committee and subsequently approved by the Board, with the Statutory Auditors having conducted a Limited Review.
Strategic Investments and Fund Raising
The Board also approved several key strategic decisions:
- Establishment of a 360 MW Thermal Power Plant: Approval was granted for setting up a 2 x 180 MW thermal power plant at Konsari, Maharashtra, primarily to meet the company’s integrated operations’ power requirements. The estimated capital expenditure is Rs. 3,240 crore, with financing through a mix of debt and equity, expected to be completed by March 2029.
- Renewable Energy Projects: An enabling approval was given for investing up to 30% stake in renewable energy projects for captive consumption, aligning with the company’s sustainability goals.
- Subsidiary Investment: Further investment in Thriveni Earthmovers and Infra Private Limited (TEIL), a subsidiary, was approved, with an aggregate value of up to Rs. 625 crore.
- Fund Raising: Approval was obtained for raising funds through the issuance of USD denominated senior secured or unsecured notes, bonds, debentures, or other debt securities, for an aggregate principal amount of up to USD 300 Million.
- Employee Stock Options: The grant of employee stock options was approved under the ‘Lloyds Metals and Energy Limited Employee Stock Option Plan – 2017’ and the ‘Lloyds Metals and Energy Employee Stock Option Scheme – 2024’.
Disclosure Requirements
The company has also provided requisite disclosures, including a Security Cover certificate, a statement on the utilization of proceeds from Non-Convertible Debentures, and details required under SEBI regulations for the approved strategic initiatives.
Source: BSE
