Intimation regarding Notice of Postal Ballot
LLOYDSME · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.3 pts more than Nifty Midcap 150 and 2.4 pts more than its Industrial Minerals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Lloyds Metals is seeking shareholder approval via postal ballot for a material related party transaction with its 75.62% subsidiary Thriveni Earthmovers and Infra Private Limited (TEIL) for FY2026-27, valued at Rs. 15,820 crore. The transaction is 235% of the company's FY25 consolidated turnover of Rs. 6,721 crore, and includes purchases, sales, services, loans/advances (Rs. 2,000 crore), and corporate guarantees (Rs. 6,000 crore). TEIL became a subsidiary only in July 2025, and prior FY25 transactions were nil. The company's Managing Director Mr. Balasubramanian Prabhakaran is also Chairman and Director of TEIL. E-voting runs from March 31, 2026 to April 29, 2026, with results to be declared within two working days.
This is a routine corporate governance step to comply with SEBI's related party transaction rules since the proposed value exceeds the materiality threshold. The large guarantee component (Rs. 6,000 crore) to a recently acquired subsidiary with negative profit after tax may raise investor questions about risk exposure, though the transactions are framed as arm's length and in the ordinary course of business.