Approval for Alteration of Articles of Association of the Company pertaining to removal of common seal clause
LLOYDSME · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lloyds Metals and Energy Ltd reported strong FY2026 results with standalone revenue of Rs 13,837.80 Cr (up 113% from Rs 6,775.21 Cr in FY25) and profit after tax of Rs 3,194.32 Cr (up 120% from Rs 1,450.25 Cr). EPS stands at Rs 58.03. The Board declared a final dividend of 100% (Rs 1 per share on face value Rs 1), subject to AGM approval. The company also approved NCD issuance limits of Rs 2,500 Crore (new) and Rs 700 Crore (continuation), totaling Rs 3,200 Crore capacity. In a strategic international move, the wholly-owned subsidiary Lloyds Global Resources FZCO will acquire equity in Lloyds Panguna Metals and Energy Limited in Papua New Guinea to pursue mining cooperation with Bougainville Copper Limited for the Panguna Mine. The Board also approved deletion of the common seal clause from Articles of Association and re-appointed two Independent Directors for second terms.
Strong financial performance with doubled revenue and profits indicates robust operational growth. The Rs 3,200 Crore NCD authorization provides funding flexibility for expansion. International mining entry in PNG signals long-term growth ambition but carries execution risks. Dividend declaration is positive for shareholders.