Lloyds Metals and Energy Limited has been issued an order by the Competition Commission of India (CCI) imposing a penalty of INR 15,00,000/- (INR Fifteen Lakhs only). This action stems from proceedings related to a contravention under Section 43A of the Competition Act, 2002. The penalty is associated with the standstill obligations concerning a combination approved by the CCI. The company has stated that this penalty will not materially impact its financial performance or operations.
Competition Commission Imposes Penalty on Lloyds Metals
Lloyds Metals and Energy Limited has received an order from the Competition Commission of India (CCI), dated 8th September, 2026, imposing a penalty of INR 15,00,000/- (INR Fifteen Lakhs only). This penalty is a consequence of proceedings initiated against the company under Section 43A of the Competition Act, 2002.
Background of the Order
The CCI’s decision relates to the contravention of standstill obligations under Section 6(2A) of the Act. These proceedings were linked to a combination involving the company and Thriveni Earthmovers and Infra Private Limited, which had received approval from the CCI on 13th May, 2025. Lloyds Metals and Energy Limited has stated its intention to comply with the CCI’s order within the stipulated timeline.
Impact on Company Operations
The company has clarified that the nominal penalty levied will not have any material impact on its financial position or its operational activities. The announcement was made to fulfill the disclosure requirements under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Source: BSE
