Lloyds Metals and Energy Limited announced that its Board of Directors approved the appointment of ACER Credit Rating Private Limited as the Monitoring Agency. This appointment is specifically for monitoring the utilization of proceeds raised through the recent Preferential Issue of Warrants. The decision was finalized via a Circular Resolution dated February 26, 2026, furthering compliance obligations related to the capital raise.
Board Approves Monitoring Agency Appointment
In a significant step following its recent capital raise, Lloyds Metals and Energy Limited has officially confirmed the appointment of a Monitoring Agency. This action is pursuant to requirements governing the Issue of Capital and Disclosure Requirements.
The Board of Directors of the Company, acting through a Circular Resolution passed on 26th February, 2026, formally approved this appointment. This decision serves as a follow-up to the previous intimation provided to the stock exchanges on 3rd February, 2026.
Details of the Monitoring Arrangement
The selected Monitoring Agency is ACER Credit Rating Private Limited (“ACER”). ACER is noted as a SEBI registered Credit Rating Agency.
The primary mandate of ACER will be to monitor the effective utilization of the funds raised specifically through the Company’s Preferential Issue of Warrants. This oversight is critical for ensuring adherence to regulatory commitments concerning the deployment of the raised capital.
The details of this appointment are also being made accessible to the public on the Company’s official website, www.lloyds.in, for full transparency.
The Company Secretary, Akshay Vora (Membership No.: ACS43122), confirmed the filing of this intimation to both the BSE Limited and the National Stock Exchange of India Limited on 26th February, 2026.
Source: BSE
