Lloyds Metals and Energy Limited (LMEL) has announced its 49th Annual General Meeting (AGM) scheduled for June 19, 2026. The company reported record-breaking performance for the financial year 2025-26, crossing INR 100 billion in consolidated revenue. Key highlights include achieving iron ore production of 21.96 MnT, commissioning of a pellet plant with 4 MTPA capacity, and the commencement of copper cathode production at Surya Mines.
Shareholder Meeting Details
The 49th Annual General Meeting of the company will be conducted via Video Conferencing/Other Audio-Visual Means (VC/OAVM) on Friday, June 19, 2026, at 12:00 Noon (IST). The cut-off date for remote e-voting is set for Friday, June 12, 2026. The company has recommended a final dividend of Re. 1 per equity share for the financial year 2025-26, subject to shareholder approval.
Record Financial and Operational Performance
The company achieved robust results in FY 2025-26, with consolidated income reaching INR 17,306.4 crore, reflecting a year-on-year growth of 155%. EBITDA rose to INR 6,333.9 crore, showcasing a healthy margin of 36.60%. This growth underscores the success of the company’s integrated mining-to-metal model.
Strategic Milestones
- Iron Ore Production: Reached 21.96 MnT, marking a significant 120% increase year-on-year.
- Pellet Manufacturing: The 4 MTPA pellet plant achieved 100% capacity utilisation within four months of commissioning.
- Copper Foray: Commenced commercial production of copper cathodes at Surya Mines in the Democratic Republic of Congo (DRC) and acquired a 49% stake in the Chemaf Group.
- Steel Expansion: Construction of the upcoming 1.2 MTPA long products plant at Ghugus, Chandrapur, is progressing on schedule.
Future Outlook
The company remains focused on disciplined capital allocation, enhancing operational efficiency through infrastructure investments like slurry pipelines, and scaling capacities across iron ore, steel, and critical minerals. These strategic pillars are aligned with India’s long-term infrastructure and industrial growth, positioning the company as a low-cost, integrated metals leader.
Source: BSE
