Lloyds Metals and Energy Limited’s Board of Directors convened on November 3, 2026, approving the unaudited financial results for the quarter and half year ended September 30, 2026. Key decisions included the grant of employee stock options, approval for a 360 MW thermal power plant at Konsari, Maharashtra, and an investment of up to 30% stake in renewable energy projects. The Board also greenlit further investment in a subsidiary and authorized fundraising up to USD 300 Million.
Board Meeting Highlights
The Board of Directors of Lloyds Metals and Energy Limited met on November 3, 2026, and approved several significant corporate actions. Central to the meeting were the unaudited financial results for the quarter and half year ended September 30, 2026. These results, along with the Limited Review Report from the statutory auditors, were duly reviewed by the Audit Committee and subsequently approved by the Board.
Employee Stock Options and Capital Investments
In a move to incentivize employees, the Board approved the grant of employee stock options under the “Lloyds Metals and Energy Limited Employee Stock Option Plan – 2017” and the “Lloyds Metals and Energy Employee Stock Option Scheme – 2024”. A total of 62,000 options under the 2017 plan and 13,08,571 options under the 2024 scheme were approved.
Strategically, the Board also approved significant capital expenditure and investments. This includes the establishment of a 2 × 180 MW (aggregate 360 MW) Thermal Power Plant at Konsari, Maharashtra, primarily to meet the company’s integrated operations’ power requirements. Furthermore, an enabling approval was given for investing up to 30% stake in renewable energy projects for captive consumption.
Subsidiary Investment and Fundraising
The company will also see further investment in its subsidiary, Thriveni Earthmovers and Infra Private Limited (“TEIL”), with an approved aggregate value of up to Rs. 625 crore through a rights issue or further capital issue. In parallel, the Board approved the raising of funds through the issuance of USD denominated senior secured or unsecured notes, bonds, debentures, or other debt securities for an aggregate principal amount of up to USD 300 Million, subject to regulatory approvals.
Financial Reporting and Disclosure
The unaudited financial results (standalone and consolidated) for the quarter and half year ended September 30, 2026, were approved. The company also submitted a security cover certificate for the quarter ended September 30, 2026, and a statement detailing the utilization of issue proceeds of Non-Convertible Debentures and any deviations, as per Regulation 52(7) and (7A) of the Listing Regulations. The Board meeting commenced at 03:57 P.M. (IST) and concluded at 05:11 P.M. (IST). The financial results are available on the company’s website.
Source: BSE
