Key Quantitative Figures
The Competition Commission of India has imposed a penalty of INR 15,00,000 (INR Fifteen Lakhs only) on the company.
Dates of Action
The CCI order is dated 8th September, 2026. The company received the order on 10th September, 2026. The disclosure was made to the exchanges on 11th September, 2026.
Parties Involved
The penalty was imposed by the Competition Commission of India (CCI) on Lloyds Metals and Energy Limited. The proceedings relate to the company's combination with Thriveni Earthmovers and Infra Private Limited.
Nature of Violation
The penalty was imposed for contravention of standstill obligations contained under Section 6(2A) of the Competition Act, 2002. The proceedings were against the company under Section 43A of the Competition Act, 2002, in connection with the combination with Thriveni Earthmovers and Infra Private Limited which was approved by the CCI on 13th May, 2025.
Financial Impact Assessment
The company states that the nominal penalty levied neither has any material impact on the financials of the company nor has any impact on operational or other activities of the company. The impact is not quantifiable in monetary terms beyond the penalty amount itself.
Company Response
The company shall comply with the order of the CCI within the stipulated timeline.