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Lloyds Metals and Energy to Raise Up to Rs 750 Crore via NCDs
Lloyds Metals and Energy Limited (LLOYDSME) has approved the issuance of Non-Convertible Debentures (NCDs) for an amount not exceeding Rs 750 crores. The issuance will be conducted on a private placement basis as per the committee meeting held on April 29, 2026. This fundraise is within the limits previously sanctioned by the Board of Directors in August 2025. The move indicates the company is securing long-term debt capital, which is subject to final regulatory and statutory approvals.
Key Highlights
Approved issuance of NCDs for an amount up to Rs 750 crores
Fundraising to be executed via private placement basis
Issuance is within the limits previously approved by the Board on August 12, 2025
The committee meeting concluded on April 29, 2026, within 25 minutes
Final issuance remains subject to applicable regulatory and statutory approvals
💼 Action for Investors
Investors should monitor the coupon rate and tenure of the NCDs to understand the cost of debt. Additionally, track the company's debt-to-equity ratio and the specific utilization of these funds for growth or refinancing.
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Lloyds Enterprises Seeks Approval to Raise Investment & Loan Limits to ₹5,000 Crore
Lloyds Enterprises Limited has issued a postal ballot notice to seek shareholder approval for significantly increasing its financial operational limits. The primary proposal is to raise the limit for loans, guarantees, and investments under Section 186 to ₹5,000 Crore or the statutory limit, whichever is higher. Additionally, the company is seeking to revise its overall borrowing limits under Section 180(1)(c). This move suggests the company is positioning itself for large-scale future expansions or strategic acquisitions.
Key Highlights
Proposed increase in investment, loan, and guarantee limits to a maximum of ₹5,000 Crore.
Seeking revision of overall borrowing limits under Section 180(1)(c) of the Companies Act, 2013.
The new limits will supersede the previous resolutions passed by shareholders in January 2015.
E-voting period for shareholders is scheduled from April 17, 2026, to May 16, 2026.
Cut-off date for determining voting eligibility was April 10, 2026.
💼 Action for Investors
Investors should monitor the voting results and subsequent company announcements to understand how this significant ₹5,000 Crore financial headroom will be utilized for growth or acquisitions.
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Lloyds Metals Reports Record FY26: Iron Ore Production Up 120% to 21.96 MT
Lloyds Metals and Energy Limited achieved its best-ever operational performance in FY26, with iron ore production doubling to 21.96 million tonnes. The company successfully commissioned a 4 MTPA pellet plant which reached 100% capacity utilization, and a new 360 KTPA DRI facility. Logistics were bolstered by an 85 km slurry pipeline, contributing to a massive 529% YoY jump in Q4 iron ore volumes. Management has set an ambitious target of 26 million tonnes of iron ore production for FY27.
Key Highlights
Iron ore production reached 21.96 million tonnes in FY26, a 120% increase over FY25.
Q4 FY26 iron ore volumes surged by 529% YoY to 9.1 million tonnes.
DRI production grew by 57% YoY to 484,000 tonnes following the commissioning of a new facility.
Pellet production hit 3.03 million tonnes, achieving 100% annualized capacity utilization.
Mined 9.2 million tonnes of BHQ for future processing upon beneficiation plant commissioning.
💼 Action for Investors
The company is demonstrating exceptional execution in scaling mining and downstream operations. Investors should maintain a positive outlook as the company targets 26 MT iron ore production in FY27 and integrates its beneficiation plants.
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Lloyds Metals Seeks Approval for ₹15,820 Crore Related Party Transaction with Thriveni Earthmovers
Lloyds Metals and Energy Limited (LLOYDSME) has issued a postal ballot notice seeking shareholder approval for a massive material related party transaction (RPT). The transaction is with its subsidiary/related party, Thriveni Earthmovers and Infra Private Limited (TEIL), for an aggregate value of up to ₹15,820 crore. This approval is intended to remain valid for one year and is stated to be conducted at arm's length in the ordinary course of business. Shareholders can cast their votes via remote e-voting between March 31 and April 29, 2026.
Key Highlights
Proposed material related party transaction with Thriveni Earthmovers and Infra Private Limited (TEIL) worth up to ₹15,820 crore.
The resolution is being proposed as an Ordinary Resolution via postal ballot.
The approval will be valid for a period of 1 year from the date of passing the resolution.
Remote e-voting period starts on March 31, 2026, and ends on April 29, 2026.
Cut-off date for determining shareholder voting eligibility is March 27, 2026.
💼 Action for Investors
Investors should review the explanatory statement for the specific nature of these transactions to ensure they align with the company's long-term growth and do not adversely affect minority interests. The high value of the RPT relative to the company's size warrants close monitoring of operational efficiency and cash flow management.
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Lloyds Metals Completes $30M CHEMAF Acquisition, Targeting 100k TPA Copper Capacity
Lloyds Metals and Energy Limited, through its step-down subsidiary, has completed the 100% acquisition of the CHEMAF Group in the Democratic Republic of Congo for up to USD 30 million. This strategic move, executed via a joint venture with a US-based firm, secures over 50 mining permits and established processing facilities for copper and cobalt. The acquisition is expected to scale the group's total production capacity to 100,000 TPA of copper and 20,000 TPA of cobalt upon completion of ongoing expansion projects. This positions the company as a significant player in the global critical minerals supply chain for EV batteries and energy transition.
Key Highlights
Acquired 100% of CHEMAF Group for a cash consideration of up to USD 30 million.
Current operational capacity at Etoile facility stands at 20,000 TPA Copper and 4,000 TPA Cobalt.
Advanced Mutoshi expansion project to add 50,000 TPA Copper and 16,000 TPA Cobalt capacity.
Total group production target set at 100,000 TPA Copper and 20,000 TPA Cobalt annually.
Strategic alignment with US-DRC partnership to provide non-Chinese supply chains for critical minerals.
💼 Action for Investors
Investors should monitor the timely completion of the Mutoshi expansion project and the ramp-up of copper production, as this diversification significantly alters the company's growth profile. While the acquisition is highly accretive at a low cost, geopolitical risks associated with DRC operations remain a factor to watch.
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Lloyds Engineering Appoints Former Railway Board Chairman and IAS Officer to Board
Lloyds Engineering Works Limited has significantly strengthened its board by appointing three high-profile directors following shareholder approval at an EGM on March 27, 2026. The new appointees include Mr. Vinay Kumar Tripathi, former Chairman of the Railway Board, and Mr. Apurva Chandra, a retired IAS officer with 36 years of administrative experience, both serving as Independent Directors until September 2030. Additionally, Mr. Balasubramaniam Prabhakaran, the Managing Director of Lloyds Metals and Energy Limited, joins as a Non-Executive Director. These appointments bring deep expertise in infrastructure, regulatory policy, and mining operations to the company.
Key Highlights
Appointment of Mr. Vinay Kumar Tripathi, former Chairman & CEO of the Railway Board (38 years experience), as Independent Director.
Appointment of Mr. Apurva Chandra, a retired 1988-batch IAS officer with 36 years of experience in policy and industrial development, as Independent Director.
Appointment of Mr. Balasubramaniam Prabhakaran, MD of Lloyds Metals and Energy, as a Non-Executive Non-Independent Director.
All three appointments are for a term effective from February 04, 2026, through September 30, 2030.
The appointments were officially approved by shareholders at the Extra Ordinary General Meeting held on March 27, 2026.
💼 Action for Investors
Investors should view these high-caliber board appointments as a positive signal for improved corporate governance and strategic networking within the infrastructure and government sectors. No immediate action is required, but these additions enhance the company's long-term execution capabilities.
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Lloyds Metals Receives 'IND AA/Stable' Rating for Debt Facilities Exceeding ₹11,000 Crore
India Ratings and Research has affirmed and assigned high-grade credit ratings to Lloyds Metals and Energy Limited's debt instruments. The company's long-term issuer rating is maintained at 'IND AA' with a Stable outlook, indicating a high degree of safety regarding timely servicing of financial obligations. The ratings cover bank loan facilities totaling approximately ₹8,503 crore and Non-Convertible Debentures (NCDs) worth ₹2,500 crore. This affirmation reflects the company's strong credit profile and financial stability amidst its expansion plans.
Key Highlights
India Ratings affirmed the Long-Term Issuer Rating at 'IND AA/Stable'.
Assigned 'IND AA/Stable/IND A1+' ratings to bank loan facilities worth ₹7,503 crore.
Affirmed 'IND AA/Stable' rating for Non-Convertible Debentures (NCDs) totaling ₹2,500 crore.
The rating covers significant term loans from major lenders including ICICI Bank, Axis Bank, and State Bank of India.
Includes a substantial proposed term loan of ₹4,368 crore, signaling significant upcoming capital expenditure.
💼 Action for Investors
The 'AA' rating is a strong indicator of financial health and low default risk; investors should remain confident in the company's ability to fund its growth. Monitor the utilization of the ₹4,368 crore proposed loan for its impact on future leverage and earnings.
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Lloyds Metals Starts Copper Cathode Production at 12,000 TPA Plant in DRC
Lloyds Metals & Energy (LMEL) has officially entered the global copper value chain by commencing commercial production at its 12,000 TPA copper cathode plant in the Democratic Republic of Congo. The company holds a 50% interest in an integrated platform that includes 16 mining licenses covering 100 sq. km in the Katanga Copper Belt. Production for CY2026 is estimated at 10,000-12,000 tonnes, with a target to reach 15,000 tonnes in CY2027. This strategic move diversifies LMEL's portfolio into critical minerals essential for the global electrification and EV transition.
Key Highlights
Commenced commercial production at a 12,000 TPA SX-EW copper cathode plant in the DRC.
Holds 50% stake in 16 mining licenses covering approximately 100 sq. km of high-grade oxide copper ore.
Production guidance for CY2026 set at 10,000-12,000 tonnes, increasing to 15,000 tonnes in CY2027.
Medium-term roadmap to scale capacity to 30,000 TPA, supported by captive ore supply.
Strategic diversification into copper to leverage demand from renewable energy and electric mobility.
💼 Action for Investors
Investors should view this as a significant growth driver that diversifies the company's revenue away from its core iron ore business. Monitor the production ramp-up and the contribution of this segment to the consolidated EBITDA in upcoming quarters.
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Lloyds Metals Allots 1.76 Cr Shares Raising ₹847.5 Cr; Plans DRC Copper/Cobalt Venture
Lloyds Metals and Energy has allotted 1.76 crore equity shares to 47 non-promoter investors following the conversion of warrants, resulting in a cash infusion of ₹847.55 crore. The shares were issued at a price of ₹740 each, representing the final 65% payment of the total subscription amount. Simultaneously, the company announced a strategic move to acquire a 49% stake in a Cayman Islands entity for up to $1 million. This acquisition is aimed at investing in critical copper and cobalt assets in the Democratic Republic of the Congo (DRC).
Key Highlights
Allotted 1,76,20,550 equity shares at ₹740 per share to 47 non-promoter entities upon warrant conversion.
Received ₹847.55 crore as the final 65% subscription amount, strengthening the company's liquidity.
Total paid-up equity capital increased from 54.52 crore shares to 56.28 crore shares post-allotment.
Approved a $1 million investment for a 49% stake in Virtus Lloyds Minerals Holding to target DRC mining assets.
The international expansion focuses on high-demand battery minerals including copper and cobalt.
💼 Action for Investors
The significant capital infusion provides strong support for the company's balance sheet and future growth projects. Investors should view the entry into the DRC mining sector as a long-term strategic pivot toward the global EV and battery mineral supply chain.
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Lloyds Metals Raises ₹847.55 Cr via Warrant Conversion & Acquires 49% Stake in Cayman Entity
Lloyds Metals and Energy Limited (LLOYDSME) has approved the allotment of 1.76 crore equity shares to 47 non-promoter investors following the conversion of warrants, resulting in a capital infusion of ₹847.55 crore. Additionally, the company's subsidiary will acquire a 49% stake in Virtus Lloyds Minerals Holding (VLMH), a Cayman Islands entity, for up to USD 1 million. This strategic acquisition is intended to facilitate investments in copper and cobalt assets in the Democratic Republic of the Congo. The combined moves significantly strengthen the company's balance sheet and signal a major expansion into critical international mining assets.
Key Highlights
Allotted 1,76,20,550 equity shares at an issue price of ₹740 per share to 47 non-promoter investors.
Received ₹847.55 crore as the final 65% subscription amount for the converted warrants.
Approved acquisition of up to 49% stake in Cayman-based Virtus Lloyds Minerals Holding for USD 1 million.
The acquisition targets high-value copper and cobalt assets in the Democratic Republic of the Congo.
Total paid-up equity capital increased from 54.52 crore to 56.28 crore shares post-allotment.
💼 Action for Investors
Investors should look favorably on the substantial capital infusion and the strategic entry into the critical minerals space (copper and cobalt). Monitor the development of the DRC mining assets as they could provide significant long-term value and diversification.
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Lloyds Metals raises ₹847.5 Cr via warrant conversion; expands into DRC copper & cobalt mining
Lloyds Metals and Energy (LLOYDSME) has successfully raised ₹847.55 crore through the conversion of 1.76 crore warrants into equity shares by 47 non-promoter investors. The shares were issued at ₹740 each, significantly increasing the company's paid-up capital and liquidity. Simultaneously, the board approved a strategic investment of up to USD 1 million for a 49% stake in a Cayman Islands entity to tap into copper and cobalt assets in the Democratic Republic of the Congo. This dual move strengthens the company's balance sheet and diversifies its mineral portfolio internationally.
Key Highlights
Allotted 1,76,20,550 equity shares to 47 non-promoters at an issue price of ₹740 per share
Total cash inflow of ₹847.55 crore received as the final 65% payment for warrant conversion
Paid-up equity share capital expanded to 56,27,85,088 shares post-allotment
Approved 49% stake acquisition in Virtus Lloyds Minerals Holding (Cayman Islands) for up to $1 million
Strategic entry into copper and cobalt mining opportunities in the Democratic Republic of the Congo
💼 Action for Investors
The substantial fundraise provides significant capital for expansion, and the entry into critical minerals like cobalt and copper is a long-term strategic positive. Investors should monitor the progress of the DRC mining operations and the effective utilization of the newly raised capital.
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Lloyds Engineering Increases Corporate Guarantee for Subsidiary to ₹109 Crore
Lloyds Engineering Works Limited has announced an enhancement of its corporate guarantee for its wholly-owned subsidiary, Techno Industries Private Limited. The guarantee amount, provided to HDFC Bank, has been increased from ₹59 Crore to ₹109 Crore to support the subsidiary's credit facilities. This move indicates the parent company's ongoing financial support for its subsidiary's operational needs. While it increases the contingent liability on the parent's balance sheet, the company maintains there is no direct impact on its own operations.
Key Highlights
Corporate guarantee enhanced from ₹59 Crore to ₹109 Crore
Guarantee provided to HDFC Bank for credit facilities of Techno Industries Private Limited
Techno Industries is a 100% wholly-owned subsidiary of Lloyds Engineering Works
The transaction involves no interest from promoters and is considered a routine financial support measure
💼 Action for Investors
Investors should monitor the financial health and utilization of funds by the subsidiary, as the parent company's contingent liability has increased by ₹50 Crore.
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Lloyds Engineering EGM on March 27: Director Appointments and Rights Issue Fund Extension
Lloyds Engineering Works Limited has convened an Extraordinary General Meeting (EGM) for March 27, 2026, to seek shareholder approval for key leadership and financial matters. The company is proposing the appointment of two new Independent Directors, Mr. Vinay Kumar Tripathi and Mr. Apurva Chandra, for five-year terms ending in September 2030. Significantly, the board is also seeking approval to utilize unspent proceeds from the April 2025 Rights Issue during the 2026-27 financial year, extending beyond the previous March 31, 2026 deadline. This extension aims to ensure the capital is deployed for the original objects of the issue without altering the fundamental purpose.
Key Highlights
Extraordinary General Meeting (EGM) scheduled for March 27, 2026, via video conferencing.
Proposal to appoint two Independent Directors and one Non-Executive Director to the board.
Request to extend the utilization of unspent Rights Issue proceeds (from April 2025) into FY 2026-27.
Remote e-voting period set for March 23-26, 2026, with a cut-off date of March 20, 2026.
💼 Action for Investors
Investors should monitor the company's project execution timelines, as the request to extend fund utilization suggests a delay in the deployment of capital from the 2025 Rights Issue.
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Lloyds Metals Subsidiary Acquires 19.50% Stake in Loka Metals for ₹1.17 Crore
Lloyds Steel Private Limited, a wholly-owned subsidiary of Lloyds Metals and Energy Limited, has acquired a 19.50% equity stake in Loka Metals Private Limited. The acquisition involved the subscription of 11,70,000 equity shares at a par value of ₹10 per share, totaling ₹1.17 Crore in cash consideration. Loka Metals is a newly incorporated entity in Telangana focused on steel processing, trading, and setting up a cut and bend plant. This strategic move is intended to enhance the company's marketing strategy for wire rods and expand its downstream distribution capabilities.
Key Highlights
Acquisition of 19.50% equity stake (11,70,000 shares) in Loka Metals Private Limited.
Total cash consideration of ₹1.17 Crore paid at a par value of ₹10 per share.
Target entity is a startup incorporated in September 2025, yet to commence full operations.
Strategic focus on steel processing, distribution, and establishing a cut and bend facility in Telangana.
Investment aimed at strengthening the marketing and distribution network for wire rods.
💼 Action for Investors
This is a small-scale strategic investment in a downstream startup; investors should monitor how this facility aids the company's wire rod distribution in the southern region.
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Lloyds Metals Incorporates New Step-Down Subsidiary Virtus Lloyds in Dubai for AED 50,000
Lloyds Metals and Energy Limited (LLOYDSME) has announced the incorporation of a new step-down subsidiary, Virtus Lloyds Resources FZCO, in the Dubai Multi Commodities Centre (DMCC) Zone. The entity is 100% owned by the company's wholly-owned subsidiary, Lloyds Global Resources FZCO, and was established with a cash consideration of AED 50,000. This move is designed to expand the company's investment and trading footprint in the metals and mining sector within the UAE. Crucially, the subsidiary is also intended to facilitate strategic partnerships with metals and minerals developers from the United States.
Key Highlights
Incorporated 'Virtus Lloyds Resources FZCO' as a 100% step-down subsidiary in Dubai, UAE on February 17, 2026.
Total cash consideration for the 100% equity stake is AED 50,000.
The subsidiary will focus on investment and trading in the Metals and Mining industry.
Strategic objective includes entering into partnerships with Metals and Minerals developers from the USA.
💼 Action for Investors
Investors should view this as a positive step toward global diversification and monitor the subsidiary for future strategic partnerships or international trade volumes. The small initial investment suggests a low-risk entry into the UAE market for broader strategic gains.
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Lloyds Engineering Revises Final Call Payment Schedule for ₹16/share Rights Issue
Lloyds Engineering Works Limited has announced a revised schedule for the first and final call money payment regarding its previous rights issue. The company is calling for the remaining 50% of the issue price, amounting to ₹16 per share (including a premium of ₹15.50) on 30,85,17,476 partly paid-up equity shares. Due to technical reasons, the payment window has been rescheduled to open on February 18, 2026, and close on March 4, 2026. This affects shareholders who held partly paid-up shares as of the record date, January 28, 2026.
Key Highlights
Final call of ₹16 per share (₹0.50 face value + ₹15.50 premium) on 30.85 crore partly paid-up shares.
Revised payment period set from February 18, 2026, to March 4, 2026.
This call represents the final 50% payment of the total rights issue price initiated in April 2025.
Record date for identifying eligible shareholders for this call was January 28, 2026.
Failure to pay the call money within the stipulated time may lead to forfeiture of the shares and previous payments.
💼 Action for Investors
Investors holding partly paid-up shares must ensure they complete the ₹16 per share payment by March 4, 2026, to convert them into fully paid-up equity. Monitor registered email addresses for the corrigendum notice and specific payment instructions.
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Lloyds Engineering to Acquire Industrial Land and Factory Assets from Windsor Machines
Lloyds Engineering Works Limited has entered into a Memorandum of Understanding (MoU) with Windsor Machines Limited to acquire industrial land and factory buildings in Ahmedabad. The acquisition includes four plots (5402, 5403, 5404, and 5405) located in the GIDC Vatva Industrial Area. Along with the land and buildings, the deal encompasses fixed assets such as plant and machinery, cranes, and solar installations. This move indicates a strategic expansion of the company's manufacturing capacity and infrastructure.
Key Highlights
MoU signed with Windsor Machines Limited for the purchase of industrial property in GIDC Vatva, Ahmedabad.
Acquisition includes four industrial plots (Nos. 5402, 5403, 5404, and 5405) and existing factory buildings.
Includes comprehensive fixed assets such as plant & machinery, furniture, cranes, and solar installations.
The transaction is confirmed to be at arm's length and involves no related party interests.
The agreement is strictly for the property transaction and does not create a continuing commercial partnership.
💼 Action for Investors
Investors should view this as a positive sign of capacity expansion; however, keep an eye out for future disclosures regarding the total consideration paid for these assets. Monitor how this new facility will impact the company's production timelines and order book execution.
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Lloyds Engineering Promoters Sell 7.14% Stake to Thriveni Earthmovers for Rs 525 Crore
Lloyds Engineering Works Limited has announced a significant change in its shareholding structure following a block deal. The promoter group, including Lloyds Enterprises and associated LLPs, sold approximately 10.57 crore shares (7.14% stake) at a price of Rs. 49.65 per share. The buyer is Thriveni Earthmovers Private Limited, the investment arm of Mr. Balasubramanian Prabhakaran. Post-transaction, Thriveni Earthmovers holds a substantial 9.05% stake in the company, indicating strong interest from a strategic industry player.
Key Highlights
Promoter group sold a total of 10,57,40,181 equity shares via block deals.
The transaction was executed at a fixed price of Rs. 49.65 per share.
Total deal value is approximately Rs. 525 crore across three promoter entities.
Thriveni Earthmovers Private Limited now holds a 9.05% equity stake in the company.
Sellers include Lloyds Enterprises (0.40%), Aeon Trading (3.37%), and Lloyds Metals and Minerals (3.37%).
💼 Action for Investors
Investors should monitor the impact of Thriveni Earthmovers' increased stake on the company's strategic direction and potential synergies. The transaction price of Rs. 49.65 may act as a near-term support level for the stock.
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Lloyds Enterprises Sells 0.41% Stake in Lloyds Engineering Works for Rs 29.96 Crore
Lloyds Enterprises Limited has divested a 0.41% stake in its material subsidiary, Lloyds Engineering Works Limited (LEWL), through a block deal. The company sold 60,34,299 shares at a price of Rs. 49.65 per share, generating a total consideration of approximately Rs. 29.96 crore. The buyer is Thriveni Earthmovers Private Limited, an independent entity, and the transaction is not a related party deal. This minor divestment provides the company with immediate cash liquidity.
Key Highlights
Sold 60,34,299 equity shares of material subsidiary LEWL via block deal
Transaction price of Rs. 49.65 per share for a total of Rs. 29.96 crore
The stake represents 0.41% of the total equity share capital of LEWL
Buyer is Thriveni Earthmovers Private Limited, an investment arm of Mr. Balasubramanian Prabhakaran
LEWL contributed 3.96% to the company's turnover and 4.64% to net worth in the last FY
💼 Action for Investors
This is a minor stake sale providing immediate liquidity to the company. Investors should monitor how the company intends to utilize these proceeds for future growth or debt reduction.
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Lloyds Metals Q3 FY26: Revenue Surges 129% to ₹3,875 Cr; Consolidated Revenue Crosses ₹11,000 Cr
Lloyds Metals reported a stellar Q3 FY26 with standalone revenue jumping 129% YoY to ₹3,875 crores and PAT rising 128% to ₹889 crores. The company achieved a significant milestone with consolidated revenue crossing ₹11,000 crores, driven by strong iron ore dispatches and the rapid ramp-up of its new pellet operations. Management has increased its pellet capacity target to 10 million tons and is diversifying into copper mining in the DRC. A strategic MOU with Tata Steel for collaboration in Gadchiroli further strengthens the company's long-term growth outlook.
Key Highlights
Standalone Q3 EBITDA grew 137% YoY to ₹1,317 crores with healthy margins of 34%.
Iron ore dispatches reached 4.1 million tons in Q3, with a target to exit FY26 at over 20 million tons.
Pellet production hit 1.14 million tons in Q3, achieving optimal utilization within four months of commissioning.
9M FY26 standalone capex of ₹4,236 crores deployed towards pellet plants, DRI expansion, and a 1.2 MT steel plant.
Strategic entry into copper mining in DRC and gold mining via Geomysore with a targeted ₹60 crore EBITDA in FY27.
💼 Action for Investors
Investors should note the structural margin improvement driven by value-added products and logistics efficiencies like the slurry pipeline. The diversification into copper and the partnership with Tata Steel provide significant long-term catalysts for the stock.