Lloyds Metals And Energy Limited — Others, 12-08-2025: Change in Management

Lloyds Metals has announced a board meeting where the financial results for the quarter were approved. The company is set to acquire a 49.99% stake in Thriveni Pellets for ~Rs 495.70 Cr, strengthening its pellet capacity, and a 19.40% stake in Mandovi River Pellets for ~Rs 16.49 Cr. The board also approved public issuance of Non-Convertible Debentures up to Rs 2,500 Cr and incorporating a Dubai subsidiary with ~Rs 597 Cr capital outlay for global presence. Furthermore, 3.1 million equity shares were allotted to non-promoters from warrant conversions, raising ~Rs 149.11 Cr. New independent directors were appointed and senior management roles reclassified.