Lloyds Metals and Energy Limited’s Board of Directors has approved the allotment of 1,41,969 equity shares under the Lloyds Metals and Energy Limited Employee Stock Option Plan – 2017. Additionally, the Board has sanctioned the issuance of Non-Convertible Debentures (NCDs) on a private placement basis, aggregating up to ₹1,550 crore. The company also approved an increase in the capacity of its DRI plants.
Employee Stock Option Plan Approved
At a Board meeting held on September 21, 2026, Lloyds Metals and Energy Limited approved the allotment of 1,41,969 equity shares. These shares are issued under the company’s ‘Lloyds Metals and Energy Limited Employee Stock Option Plan – 2017’ at an exercise price of Rs. 4 per equity share, which includes a premium of Rs. 3. This allotment increases the company’s issued and paid-up equity share capital to Rs. 56,30,48,920, divided into 56,30,48,920 equity shares of Re. 1 each.
Significant Non-Convertible Debenture Issuance
The Board also approved the issuance of two separate Non-Convertible Debentures (NCDs) on a private placement basis. The total value of these NCDs will aggregate up to ₹600 Crore and ₹950 Crore, totaling ₹1,550 Crore. This issuance is subject to applicable regulatory and statutory approvals and falls within previously approved overall limits.
Capacity Expansion for DRI Plants
Furthermore, the company’s Board has approved an increase in the capacity of its DRI Plants. The Ghugus plant’s capacity will be enhanced to 8,15,000 MTPA, and the Konsari plant’s capacity to 92,400 MTPA. This expansion aims to strengthen the company’s position in the steel-making value chain, optimize resource utilization, and enhance profitability.
Source: BSE
