Lloyds Metals and Energy Limited has informed the exchange about reappointment of directors
LLOYDSME · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lloyds Metals and Energy reported strong FY26 results with standalone revenue more than doubling to Rs 13,530.51 Cr from Rs 6,626.31 Cr in FY25. Net profit jumped to Rs 3,194.30 Cr from Rs 1,450.94 Cr, with net profit margin improving to 23.35%. The Board approved reappointment of Mr. Ramesh Luharuka and Ms. Seema Saini as Independent Directors for second terms of 5 years each (starting October 2026 and March 2027 respectively), subject to shareholder approval. The company announced a final dividend of 100% (Rs 1 per share). Key strategic moves include approval for NCD issuance up to Rs 2,500 Crore and expansion into Papua New Guinea through its Dubai subsidiary acquiring stake in Lloyds Panguna Metals and Energy to pursue the Panguna Mine opportunity via cooperation with Bougainville Copper Limited.
The strong financial performance with near-doubling of revenue and 120% profit growth signals robust operational execution. The reappointment of both independent directors for second terms indicates board continuity and stability. The Rs 2,500 Cr NCD authorization and international mining expansion signal aggressive growth ambitions. However, the rising debt-to-equity ratio (0.46 vs 0.15) warrants monitoring.