Outcome of the Board Meeting dated 12th August, 2025
LLOYDSME · price
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The board approved Lloyds Metals' Q1 FY26 unaudited results, with standalone revenue of Rs 2,408.43 Cr (almost flat YoY vs Rs 2,423.06 Cr) and standalone PAT of Rs 634.58 Cr, up about 14% YoY from Rs 557.48 Cr. The Mining segment continues to dominate, contributing Rs 2,157.08 Cr of revenue. The board also approved acquiring a 49.99% stake in Thriveni Pellets Private Limited (TPPL) for Rs 200 Cr cash plus Rs 285.88 Cr via share swap (19.57 lakh shares at Rs 1,460.50 each), and a 19.40% stake in Mandovi River Pellets for Rs 16.49 Cr. Other key decisions include a public issue of Non-Convertible Debentures of up to Rs 2,500 Cr, incorporation of a wholly owned subsidiary in Dubai (AED 250 million, ~Rs 597 Cr), and conversion of 31 lakh warrants into equity shares, raising Rs 149.11 Cr. Two new independent directors were appointed, one independent director was reclassified as non-independent, and an EGM has been called for 11 September 2025.
Q1 earnings were broadly stable with steady PAT growth, but the stock may react to the dilution from share-swap consideration and the sizeable acquisition and fundraising plans. The TPPL deal is a related-party transaction, which shareholders will need to approve at the EGM.