Notice of 48th Annual General Meeting of the Company scheduled to be held on Monday, 2nd June, 2025
LLOYDSME · price
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Awaiting price reaction for this filing.
Lloyds Metals has announced its 48th AGM will be held on Monday, 2nd June, 2025 at 12:00 Noon via Video Conferencing. The company has fixed 26th May, 2025 as the record date for the final dividend of Rs. 1 per equity share (for FY 2023-24), with payout scheduled on or after 6th June, 2025. The book closure period runs from 27th May to 2nd June, 2025, and e-voting will be open from 29th May to 1st June, 2025. The accompanying Integrated Annual Report highlights FY 2024-25 revenue of Rs. 6,772.62 Crores (up 3%), EBITDA of Rs. 2,004.14 Crores (up 13%), and PAT of Rs. 1,449.93 Crores (up 17%). The company spent Rs. 3,695 Crores in capex, completed its 85 km slurry pipeline, and acquired a 79.82% stake in Thriveni Earthmovers (MDO business). Iron ore despatches reached 9.46 MNT with mine lease valid till 2057, and the company raised Rs. 2,723 Crores via preferential allotment and Rs. 1,218 Crores via QIP to fund growth.
Routine AGM-related filing for shareholder participation and dividend eligibility, with the embedded annual report signalling strong financials and major capex-led expansion into steel. Positive for shareholders given record profits, consistent dividend, and progress on large growth projects, though the stock may see limited direct price reaction to the AGM notice itself.