Lloyds Metals And Energy Limited — Important, 12-08-2025: General Updates

Lloyds Metals reported strong Q1 results. The board greenlit key strategic moves including acquiring a 49.99% stake in Thriveni Pellets for approximately 495.70 Cr and a 19.40% stake in Mandovi River Pellets for 16.49 Cr, bolstering pellet capacity. To fund growth, approval was granted for Non-Convertible Debenture issuance up to 2,500 Cr and a Dubai subsidiary with an estimated 597 Cr capital outlay, signaling global expansion. Warrant conversions also brought in 149.11 Cr. Additionally, the board appointed two independent directors and reclassified senior management for enhanced operational efficiency.