Lloyds Metals’ board has approved the Q3 2026 financial results, warrant conversions, and strategic initiatives including a ₹252 Crore wholly-owned subsidiary in Maharashtra focused on skill development. The company will also develop a second slurry pipeline project and is pursuing acquisitions in Singapore and South Africa to bolster its global resources and mining operations. Pellet plant capacity at Konsari will increase from 4 MTPA to 5 MTPA via debottlenecking.
Q3 2026 Financial Performance
The Board of Directors approved the unaudited standalone and consolidated financial results for Q3 2026 (October-December). Key highlights include:
- Total Income: ₹3,874.99 Cr (Standalone)
- Profit after Tax: ₹888.55 Cr (Standalone)
Warrant Conversion Approved
The board has approved the allotment of equity shares upon the conversion of preferentially issued convertible warrants to non-promoters. A total of 805,500 warrants are being converted into an equal number of equity shares.
New Subsidiary for Skill Development
The board approved the incorporation of a wholly-owned subsidiary in Maharashtra, India, with an estimated capital outlay of over ₹252 Crore. This subsidiary will focus on structured skilling, leadership, entrepreneurship, and employment-linked programs.
Slurry Pipeline Project Approved
The development of a second slurry pipeline project was approved, to be implemented in a phased manner. The pipeline route will be from Hedri – Konsari – Chandrapur – Jalna – Maharashtra Port. The estimated investment is ₹8,000 Crore.
Global Acquisition Strategy
Lloyds Metals is pursuing international expansion via strategic acquisitions. The Board approved the following:
- Acquisition of up to 95% equity stake in Lloyds Asia Resources Pte. Ltd. (Singapore) for up to USD 5 million.
- Acquisition of 100% equity stake in TP Phoenix (Pty) Ltd (South Africa) and Lloyds Global Resources South Africa for up to USD 1 million each.
Pellet Plant Capacity Expansion
The board approved the increase in capacity of Pellet Plant-1 and Pellet Plant-2 at Konsari from 4 MTPA each to 5 MTPA each through debottlenecking and process technological parameters.
Source: BSE
