Lloyds Metals and Energy Limited announced the board’s approval of the unaudited financial results for the quarter and half year ended September 30, 2026. The meeting also saw the approval of grants under its employee stock option plans, significant capital expenditure for power generation, and proposals for raising funds through debt securities. The company also reported a Security Cover Certificate for its listed non-convertible debt securities.
Board Approves Financial Results and Key Initiatives
The Board of Directors of Lloyds Metals and Energy Limited convened on November 3, 2026, to review and approve the unaudited financial results for the quarter and half year ended September 30, 2026. These results, both standalone and consolidated, were duly reviewed by the Audit Committee prior to board approval.
Employee Stock Option Plans Approved
In a move to incentivize employees, the Board has approved the grant of Employee Stock Options under two plans: the “Lloyds Metals and Energy Limited Employee Stock Option Plan – 2017” and the “Lloyds Metals and Energy Employee Stock Option Scheme – 2024”. A total of 62,000 options were granted under ESOP 2017, and 13,08,571 options under ESOP 2024.
Strategic Investments in Power Generation
Significant strategic decisions were made regarding capital expenditure and investments in power generation initiatives. The company approved the establishment of a 360 MW Thermal Power Plant at Konsari, Maharashtra, comprising two 180 MW units. Additionally, an enabling approval was granted for investments of up to 30% stake in renewable energy projects for captive consumption, aiming to secure 168 MW of power capacity.
Fundraising Initiatives
To support its growth and operational needs, the Board has approved proposals for raising funds. This includes a further investment of up to Rs. 625 crores in its subsidiary, Thriveni Earthmovers and Infra Private Limited, through a rights issue or further capital issuance. Furthermore, the company plans to raise funds through the issuance of USD denominated notes and/or INR Non-Convertible Debentures, with an aggregate principal amount up to USD 300 Million.
Security Cover Certificate Submitted
In compliance with Regulation 54 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Lloyds Metals and Energy Limited has enclosed a Security Cover Certificate for the quarter ended September 30, 2026. This certificate, issued by the Statutory Auditors, pertains to the listed non-convertible debt securities of the company.
Additional Disclosures
The company has also provided details regarding the utilization of proceeds from its Non-Convertible Debentures, confirming nil deviation and variation. The financial results and relevant disclosures are available on the company’s website at www.lloyds.in.
Source: BSE
