Allotment of Equity Shares upon Conversion of Preferentially Issued Convertible Warrants to Promoter and Non-Promoters

Lloyds Metals and Energy's board approved three actions on 31st December 2025. First, the company allotted 1,52,68,950 equity shares to promoters and non-promoters upon conversion of convertible warrants that were originally issued on a preferential basis at Rs. 740 per warrant, receiving the balance 65% subscription amount of Rs. 481 per warrant, aggregating to approximately Rs. 734.44 crores. Promoter entities Lloyds Enterprises Limited and Sky United LLP fully converted their warrants (75,00,002 and 74,99,998 shares respectively), while non-promoter Elysian Wealth Fund partially converted 1,03,950 of its 3,42,000 warrants, leaving 2,38,050 warrants pending. Second, the company allotted 5,87,818 equity shares at Rs. 4 each to the Lloyds Employees Welfare Trust under the ESOP 2017 plan. Third, the board granted 1,60,000 fresh ESOP options at Rs. 4 per option under the ESOP 2024 scheme. Post-allotment, the paid-up share capital rises from 52.90 crore to 54.43 crore equity shares of Re. 1 each.