Lloyds Metals and Energy Limited approved subscribing to a 20% equity stake in LT Gondwana Skill Hub Private Limited for ₹25,000, alongside the purchase of approximately 290 acres in Gadchiroli for future expansion. The board also approved the unaudited financial results for Q2 2026, demonstrating a strategic focus on growth and community empowerment.
Strategic Investment in Skill Development
The Board has approved the subscription of up to 2,500 equity shares, representing a 20% stake, in LT Gondwana Skill Hub Private Limited, for a total consideration of ₹25,000. This move aims to support skill development in the Gadchiroli region.
Land Acquisition for Expansion
The company will purchase approximately 290 acres of land in the Gadchiroli district of Maharashtra. This acquisition will be used for future business expansion.
Q2 2026 Financial Highlights (Standalone)
* Revenue from operations reached ₹2,451.98 Cr
* Profit before tax stood at ₹788.30 Cr
* Profit after tax was ₹605.58 Cr
Q2 2026 Financial Highlights (Consolidated)
* Revenue from operations reached ₹3,540.65 Cr
* Profit before tax stood at ₹756.23 Cr
* Profit after tax was ₹567.39 Cr
Policy Amendment and Authorized Officials
The Board has approved an amendment to the Policy of Materiality of events. To determine the materiality of events the following officials are presently authorized:
* Mr. Rajesh Gupta, Managing Director
* Mr. Balasubramanian Prabhakaran, Managing Director
* Mr. Riyaz Shaikh, Chief Financial Officer
* Mr. Akshay Vora, Company Secretary & Compliance Officer
Source: BSE
