Outcome of Committee of Board of Directors meeting held on 29th April, 2026.
LLOYDSME · price
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The Committee of Board of Directors of Lloyds Metals And Energy Limited, at its meeting held on 29th April 2026, approved the issuance of Non-Convertible Debentures (NCDs) on a private placement basis for an amount not exceeding Rs. 750 crores. The issuance is subject to all applicable regulatory and statutory approvals. Importantly, this Rs. 750 crore issuance is within the overall limits already approved by the Board of Directors at its earlier meeting on 12th August 2025, meaning no fresh shareholder-level cap is being raised. The meeting was brief, running from 12:00 noon to 12:25 PM IST. The required disclosure details under Regulation 30 of SEBI's Listing Regulations have already been furnished in the earlier outcome dated 12th August 2025.
The company is set to raise up to Rs. 750 crore via NCDs, which could strengthen its capital base for growth or debt refinancing, though NCD issuance will add to the company's debt obligations and interest costs. Since the limit was pre-approved by the Board, this is a procedural step toward actual fundraising rather than a new expansion of borrowing capacity.