Lloyds Metals and Energy Limited’s Board of Directors convened on November 3, 2026, approving unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. Key decisions also included the grant of employee stock options, approval for a 360 MW thermal power plant at Konsari, Maharashtra, and an investment of up to 30% stake in renewable energy projects. The board also approved further investment in its subsidiary, Thriveni Earthmovers and Infra Private Limited, and a plan to raise funds through USD-denominated debt securities.
Board Meeting Highlights
On November 3, 2026, the Board of Directors of Lloyds Metals and Energy Limited held a meeting where several critical decisions were made. The company announced the approval of its unaudited financial results for the quarter and half-year ending September 30, 2026, both on a standalone and consolidated basis, along with the accompanying Limited Review Report from its statutory auditors.
Employee Stock Option Plan
The Board approved the grant of employee stock options under two schemes: 62,000 options under the “Lloyds Metals and Energy Limited Employee Stock Option Plan – 2017” (ESOP 2017) and 13,08,571 options under the “Lloyds Metals and Energy Employee Stock Option Scheme – 2024” (ESOP 2024). Further details regarding these grants are provided in Annexure-A.
Capital Expenditure and Strategic Investments
Significant approvals were granted for capital expenditure and strategic investments in power generation and renewable energy projects. This includes:
- Approval for setting up a 2 × 180 MW (360 MW total capacity) Thermal Power Plant at Konsari, Maharashtra, with an estimated capital expenditure of Rs. 3,240 crore. The project is expected to be completed by March 2029.
- Enabling approval for an investment of up to 30% stake in renewable energy projects to secure 168 MW of power through a captive route.
Further Investments and Fundraising
The Board also approved:
- A further investment of up to Rs. 625 crore in Thriveni Earthmovers and Infra Private Limited (TEIL), a subsidiary, through a rights issue or further capital issue.
- Raising of funds up to USD 300 Million through the issuance of United States Dollar denominated senior secured or unsecured notes, bonds, debentures, or other debt securities. This is subject to regulatory approvals.
The board meeting commenced at 03:57 P.M. (IST) and concluded at 05:11 P.M. (IST). The detailed financial results and other related information are available on the company’s website.
Source: BSE
