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- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
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Lloyds Metals and Energy Limited has announced an Extraordinary General Meeting to approve key strategic initiatives. The company seeks approval for two new independent directors, Mr. Sujit Kumar Varma and Dr. Anita Shantaram, to strengthen board expertise. Shareholders will also vote on re-designating Mr. Shabbirhusein Khandwawala, making him eligible for stock options. The company plans to increase borrowing and inter-corporate loan/investment limits to ₹15,000 Cr, enhancing financial flexibility. A preferential issue of 1.96 million equity shares (worth ₹285.88 Cr) for a 49% stake in Thriveni Pellets Private Limited is also proposed. Additionally, approvals for substantial annual related party transactions with Thriveni Pellets (₹5,000 Cr), Thriveni Earth Movers (₹4,500 Cr), Brahmani River Pellets (₹4,000 Cr), and a new Dubai subsidiary (₹1,500 Cr) are sought for operational synergy.