Lloyds Metals’ board approved the Q3 2026 financial results, conversion of warrants into equity shares, and a slurry pipeline project. The board approved increasing pellet plant capacity and investments in entities in Singapore and South Africa. Additional Non-Promoter warrant holders converted 805,500 warrants into equity shares. The company is also establishing a wholly-owned subsidiary focused on skilling and development initiatives, and designated Ashit Patni as a senior managerial person.
Financial Results Approval
The Board of Directors has approved the unaudited financial results (standalone and consolidated) for the quarter and nine months ended December 31, 2025 (Q3 2026). The Statutory Auditors conducted a Limited Review of these financial results.
Warrant Conversion
Additional Non-Promoter warrant holders exercised their options to convert 805,500 warrants into an equal number of equity shares. This conversion was executed against the receipt of the balance subscription amount of Rs. 481 per warrant. The Board has officially approved the allotment of these shares.
Subsidiary Incorporation
Approval granted for incorporation of a wholly-owned subsidiary in Maharashtra, India, with a capital outlay of over Rs. 252,00,00,000 in tranches. The subsidiary will focus on structured skilling, leadership, entrepreneurship, and employment-linked programs.
Slurry Pipeline Project
The board has approved the development of a second slurry pipeline project to be implemented in phases, along with the required financing. The route spans from Hedri – Konsari – Chandrapur – Jalna – Maharashtra Port. The estimated investment for the proposed project is Rs. 8000 Crore.
Capacity Expansion
Capacity of Pellet Plant-1 and Pellet Plant-2 at Konsari will be increased from 4 MTPA each to 5 MTPA each by debottlenecking and process technological improvements. The estimated capital expenditure for the proposed capacity addition for each plant will be Rs. 150,00,00,000.
International Investments
The board approved the following investments via Lloyds Global Resources FZCO:
- Acquisition of up to 95% equity stake in Lloyds Asia Resources Pte. Ltd. (Singapore) for an aggregate consideration of up to USD 5 million.
- Acquisition of 100% equity stake in TP Phoenix (Pty) Ltd and the creation of ‘Lloyds Global Resources South Africa‘ for an aggregate consideration of up to USD 1 million each.
Designation of Senior Personnel
Mr. Ashit Patni, Chief Marketing Officer, has been designated as a Senior Managerial Personnel (“SMP”) of the company effective February 03, 2026.
Source: BSE
