Scrutinizer s Report and Result of E-voting of the 48th Annual General Meeting of the Company held through Video Conferencing & Other Audio Visual Means on 2nd June, 2025
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Lloyds Metals and Energy Limited held its 48th Annual General Meeting (AGM) on June 2, 2025, via video conferencing, with 6 promoter group members and 57 public shareholders attending. A total of 20 resolutions were put to vote through e-voting and remote e-voting, and all were passed with the required majority. Key resolutions included adoption of audited standalone and consolidated financial statements (both passed with 100% approval), declaration of a dividend for FY ending March 31, 2025 (100% approval), appointment of Mr. Babulal Agrawal as Non-Executive Director (96.90%) and Mr. Rajesh Gupta as Managing Director (96.15%). Several material related party transactions with group companies (Thriveni Earthmovers, Lloyds Infrastructure, Mandovi River Pellets, Lloyds Engineering Works, Lloyds Surya, and Sunflag Iron & Steel) were also approved, with approval ranging from 75% to 100%. Special resolutions covered waiver of excess executive remuneration, variation in executive pay terms, enhanced borrowing limits under Section 180(1)(c), creation of mortgage/charge on company assets, and approval to issue securities through private placement, QIP, or preferential allotment.
All 20 resolutions passed, confirming shareholder confidence in management and approval of the dividend, RPTs, and capital-raising flexibility. The approved borrowing limits and securities issuance powers give the company significant room to raise funds, which could lead to equity dilution later. The dividend approval is a positive signal for income-focused shareholders.