Lloyds Metals And Energy Limited has informed the Exchange regarding Outcome of Board Meeting held on 05th May, 2026 to consider and approve: issuance of security, Acquisition of equity stake by wholly owned subsidiary Company, re-appointment of directors and Alteration of Articles of Association.
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Lloyds Metals and Energy Limited reported strong FY2026 results with standalone revenue of Rs 13,530.51 Crores (up 104% YoY) and profit after tax of Rs 3,194.30 Crores (up 120% YoY). The board approved final dividend of Rs 1 per share (100%) for FY2025-26, subject to shareholder approval. The company granted enabling approval for issuance of Non-Convertible Debentures up to Rs 2,500 Crore on private placement basis. Most significantly, the company's wholly owned subsidiary Lloyds Global Resources FZCO will acquire equity stake in Lloyds Panguna Metals and Energy Limited (LPMEL) in Papua New Guinea to pursue mining opportunities at the Panguna Mine through cooperation with Bougainville Copper Limited. The board also re-appointed two independent directors and approved alteration of Articles of Association to remove Common Seal clause.
Strong financial performance demonstrates operational strength in mining and steel segments. The PNG acquisition represents a strategic international expansion into a new geography with potential copper mining assets, which could be significant long-term value driver. NCD issuance of Rs 2,500 Crore provides additional capital for growth initiatives.