Lloyds Metals And Energy Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
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Lloyds Metals and Energy Limited has disclosed the results of a postal ballot conducted for approving a material related party transaction with Thriveni Earthmovers and Infra Private Limited. The resolution was passed as an Ordinary Resolution with 98.19% votes in favor (71,472,704 votes) and only 1.81% against (1,319,512 votes). A total of 702 shareholders participated in the e-voting process which ran from March 31 to April 29, 2026. Notably, the Promoter and Promoter Group did not participate in voting (0 votes out of 346.9 million shares held). The Public Non-Institutions showed the strongest support with 99.99% voting in favor, while Public Institutions voted 92.40% in favor. The Scrutinizer's Report was issued by M/s. Mitesh Shah & Co., Company Secretaries.
The resolution passed successfully despite zero participation from promoters, indicating strong independent shareholder support for this related party transaction. The low overall voter turnout (13.35%) and clear approval margin suggest minimal concern among participating shareholders about the transaction terms.