Lloyds Metals And Energy Limited — Others, 12-08-2025: Monitoring Agency Report

Lloyds Metals and Energy has released monitoring reports for its QIP and Preferential Issue proceeds for the quarter ended June 30, 2025. Both reports confirm no deviation from the stated use of funds. From the INR 1,218 Crore QIP, INR 1,147.61 Crore has been utilized, mainly for the 4 MTPA pellet plant (INR 846.18 Crore) and general corporate purposes (INR 285.55 Crore). The remaining INR 70.39 Crore is invested. For the Preferential Issue, from INR 952.99 Crore received, INR 911.47 Crore was used for DRI plant and power plant expansion (INR 343.28 Crore), pellet plant expansion (INR 341.98 Crore), and general corporate purposes (INR 226.21 Crore). The Ghugus DRI project faces a delay.