The Board of Directors of Lloyds Metals and Energy Limited held a meeting on 14th October 2026 from 2:00 PM to 3:40 PM IST. The outcomes were disclosed in compliance with Regulation 30 and 51 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015.
Key Approvals:
1. Issuance of Non-Convertible Debentures (NCDs): The Board granted an enabling approval for the issuance of Non-Convertible Debentures for an amount not exceeding Rs. 3,000 Crore (Rupees Three Thousand Crore Only) in one or more tranches on a private placement basis, subject to all applicable regulatory and statutory approvals. Details as per Annexure A include:
- Type of securities: Non-Convertible Debentures
- Type of issuance: Private Placement
- Size: Aggregate amount not exceeding Rs. 3,000 Crore to be issued in one or more tranches
- Listing: The debentures will be listed on BSE Limited and/or National Stock Exchange of India Limited
- Tenure, date of allotment, and maturity: To be determined by the Board or a Committee authorized by it
- Coupon/interest offered and payment schedule: To be determined by the Board or a Committee authorized by it
- Charge/security: The debentures may be secured or unsecured as determined by the Board or Committee
- Special rights/privileges: To be determined by the Board or Committee
- No history of delay in payment of interest or principal for more than three months or default
2. Raising Funds through USD-Denominated Notes and Securities: The Board approved raising funds through the issuance of United States Dollar (USD) denominated senior secured floating rate or fixed rate notes and/or bonds, debentures, or other debt securities for an aggregate principal amount of up to USD 130 million (United States Dollar One Hundred and Thirty Million), with an option to upsize the issuance by an additional USD 50 million (United States Dollar Fifty Million). This issuance is under Regulation S of the United States Securities Act of 1933 and subject to receipt of all applicable regulatory and statutory approvals. Further details on pricing, tenure, and other terms will be provided upon approval by the Board or a Committee of the Board.
3. Cancellation of NCD Issuance: The Board approved and noted the cancellation of the proposed issuance of Non-Convertible Debentures aggregating up to Rs. 600 Crore (Rupees Six Hundred Crore Only) on a private placement basis, which was approved by the Board on 21st September 2026. The approval for the issuance of NCDs aggregating up to Rs. 950 Crore (Rupees Nine Hundred and Fifty Crore Only) from the same meeting on 21st September 2026 remains unaffected.
The disclosure is made pursuant to SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November 2024. The information is also available on the company's website at www.lloyds.in.