Lloyds Metals and Energy Limited has announced the termination of its Monitoring Agency Agreement with India Ratings and Research Private Limited, effective February 2, 2026. The agreement, originally dated July 24, 2025, pertained to the monitoring of proceeds from a preferential issue of warrants. The termination is due to disagreement on commercial terms and is not expected to have any significant impact on the company’s operations or financial position.
Monitoring Agreement Ends
Lloyds Metals and Energy Limited has terminated its Monitoring Agency Agreement (MAA) with India Ratings and Research Private Limited. The termination notice, received on February 2, 2026, relates to the agreement dated July 24, 2025, which covered the monitoring of funds raised through a preferential warrant issue.
Reason for Termination
The reason for terminating the agreement is a disagreement on commercial terms. The company stated that this termination will not have any significant adverse impact on its operations or financial standing.
Next Steps
Lloyds Metals and Energy Limited will continue to comply with all applicable regulations relating to the monitoring and reporting of the use of issue proceeds. This includes filings with the stock exchanges. The company will also appoint a new monitoring agency within the required statutory timelines. The official announcement was made on February 3, 2026.
Source: BSE
