Lloyds Metals and Energy Limited has approved the allotment of 68,000 Senior, Secured, Listed, Rated, Redeemable, Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each. This private placement issuance totals ₹680 crore. The NCDs carry a coupon rate of 9.00% per annum and are scheduled for redemption on October 29, 2029. The details of the issuance, including security arrangements, are provided in an annexure.
Lloyds Metals Approves Major NCD Issuance
In a significant development for its capital structure, Lloyds Metals and Energy Limited announced today, November 5, 2026, the approval for the allotment of Non-Convertible Debentures (NCDs). The Committee of the Board of Directors, through a circular resolution, has greenlit the issuance of 68,000 NCDs.
Key Details of the NCD Issue
These securities are classified as 9.00% Senior, Secured, Listed, Rated, Redeemable, Non-Convertible Debentures. Each NCD has a face value of ₹1,00,000 (Rupees One Lakh Only). The total issue size aggregates to a substantial ₹680,00,00,000 (Rupees Six Hundred and Eighty Crores Only), raised on a private placement basis. The deemed date of allotment for these NCDs is November 5, 2026, with a redemption date set for October 29, 2029.
Security and Collateral
The NCDs are secured by a first-ranking assignment over LGRF’s rights and all proceeds under the LGRF Loan Documents. Additionally, there is a first-ranking charge by way of pledge by LGRF over 49% of the shares held by it in Virtus Lloyds. A second-ranking charge by way of hypothecation is also in place over the movable fixed assets of the BHQ Plant.
Further Information
Detailed information pertaining to the listing obligations and disclosure requirements for these NCDs, as well as the Master Circular for Non-convertible Securities, is available. The company has also made this information accessible on its website, www.lloyds.in.
Source: BSE
