Lloyds Metals and Energy Limited’s board has approved the unaudited financial results for Q3 2026, along with key strategic initiatives. These include the conversion of warrants into equity shares, approval for a second slurry pipeline project and acquisitions in Singapore and South Africa. The company is also increasing the capacity of its Pellet Plants and designating a new Senior Managerial Personnel.
Q3 2026 Financial Results Approved
The Board of Directors has approved the unaudited financial results for the quarter and nine months ended December 31, 2025. Key highlights from the standalone results include:
- Total Income: ₹3,874.99 Cr
- Profit before tax: ₹1,228.54 Cr
- Profit after tax: ₹888.55 Cr
Equity Share Allotment
The board has approved the allotment of 8,05,500 equity shares upon conversion of preferentially issued convertible warrants to Non-Promoters. This follows the exercise and conversion of these warrants, with the company receiving the balance subscription amount of ₹481 per warrant.
Subsidiary Incorporation in Maharashtra
Approval has been granted for the incorporation of a wholly-owned subsidiary in Maharashtra, India, with a capital outlay of over ₹252,00,00,000. This subsidiary will focus on structured skilling, leadership, entrepreneurship, and employment-linked programs.
Slurry Pipeline Project Expansion
The board has approved the development of the Second Slurry Pipeline Project, to be implemented in phases. This project, with an estimated investment of ₹8000 Crore, will establish a route from Hedri – Konsari – Chandrapur – Jalna – Maharashtra Port, to deliver iron ore to multiple steel hubs.
International Acquisitions
Lloyds Global Resources FZCO, a wholly owned subsidiary, will acquire:
- Up to 95% equity stake in Lloyds Asia Resources Pte. Ltd. (Singapore) for up to USD 5 million.
- 100% equity stake in TP Phoenix (Pty) Ltd (South Africa) and in Lloyds Global Resources South Africa for up to USD 1 million each.
Capacity Increase at Pellet Plants
The board has approved an increase in capacity of Pellet Plant-1 and Pellet Plant-2 at Konsari from 4 MTPA each to 5 MTPA each, achieved through debottlenecking and process technological parameters.
Source: BSE
