Lloyds Metals and Energy Limited has approved subscribing up to 20% equity stake in LT Gondwana Skill Hub Private Limited for ₹25,000. The company also approved the purchase of approximately 290 acres of land in Gadchiroli, Maharashtra for future expansion. Moreover, the unaudited standalone and consolidated financial results for Q2 FY26 have been approved, with a profit after tax of ₹605.58 Cr.
Strategic Investment in LT Gondwana
Lloyds Metals will subscribe to 2,500 equity shares, representing a 20% stake, in LT Gondwana Skill Hub Private Limited. The aggregate consideration for this investment is ₹25,000. This move aims to support skill development and provide skilled manpower.
Land Acquisition for Expansion
The company’s board has approved the purchase of approximately 290 acres of land in Gadchiroli District, Maharashtra. This acquisition is intended to support future expansion and business development.
Financial Performance Highlights
The Board approved the unaudited financial results for Q2 FY26, ending September 30, 2025. Key highlights include:
- Approval of unaudited financial results (standalone and consolidated).
- Standalone profit after tax of ₹605.58 Cr.
- Consolidated profit after tax of ₹567.39 Cr.
Amendment in Materiality Policy
The Board of Directors has authorized key officials to determine the materiality of events or information and ensure timely disclosures:
- Managing Director of the Company
- Chief Financial Officer of the Company
- Company Secretary & Compliance Officer of the Company
Source: BSE
