Lloyds Metals And Energy Limited — QIP/Rights/Pref., 12-08-2025: Conversion

Lloyds Metals saw 3.1 million non-promoter convertible warrants convert into equity shares, injecting Rs 149.11 Cr. This boosts total equity shares to 52.64 Cr from 52.33 Cr, altering shareholder proportions. The company also approved two key acquisitions: 49.99% of Thriveni Pellets for Rs 495.70 Cr (cash & share swap) and 19.40% of Mandovi River Pellets for Rs 16.49 Cr. Additionally, they plan to raise up to Rs 2,500 Cr via NCDs and establish a Rs 597 Cr Dubai subsidiary for global expansion. The Board also approved the financial results for the quarter ended June 30, 2025.