Lloyds Metals and Energy Limited reported revenue of ₹13,837.8 crore for the financial year ended March 31, 2026, crossing the ₹10,000 crore milestone for the first time. This represents growth of over 100% compared to the previous year. The company recorded total income of ₹17,306.4 crore and an EBITDA of ₹6,333.9 crore, with an EBITDA margin of 36.60%. The Board has recommended a 100% dividend per share.

The Chairman informed members during the 49th Annual General Meeting (AGM) held on June 19, 2026, that the company strengthened its integrated mining-to-metal business model. Iron ore production reached 21.96 million tonnes, and pellet production was 3.03 million tonnes. The company is expanding steel manufacturing with a 1.2 million tonne long products plant at Ghugus. Strategic diversification into copper included the commencement of operations at Surya Mines and the acquisition of a stake in Chemaf Group in the Democratic Republic of the Congo.

The consolidated performance of Thriveni Earthmovers & Infra Private Limited, which was consolidated during the year, contributed significantly. It reported revenue of ₹7,996.9 crore and EBITDA of ₹2,053.6 crore for FY26.

Shareholders approved 22 resolutions through remote e-voting and e-voting during the AGM. The resolutions included the adoption of audited standalone and consolidated financial statements, the declaration of dividend, and the ratification of remuneration for cost auditors. Key appointments approved included Mr. Balasubramanian Prabhakaran and Mr. Venkateswaran Soundrarajan as Managing Director and Executive Director, respectively, and the reappointment of Mr. Ramesh Luharuka and Dr. Seema Saini as Non-executive Independent Directors.

The meeting also sanctioned special resolutions for borrowing limits, the creation of mortgages or charges, and giving loans or guarantees exceeding prescribed limits. Several material related party transactions with entities such as Thriveni Earthmovers and Infra Private Limited, Lloyds Infrastructure and Construction Limited, and Sunflag Iron and Steel Co Limited were approved.

Crosslink Food and Farms Private Limited, a promoter of Lloyds Metals & Energy , has released the pledge on 22,00,000 equity shares. The release was executed in favour of Bajaj Finance Limited and Tata Capital Limited pursuant to Unattested Pledge Agreements. The transactions were completed on June 10 and June 16, 2026, respectively, reducing the encumbrance on the promoter's holding.

The disclosure was submitted to BSE Limited and National Stock Exchange of India Limited on June 18, 2026. The filing was made in compliance with Regulation 31(1) and Regulation 31(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Ravi Agarwal, Director of Crosslink Food and Farms Private Limited, signed the disclosure.

Details of Pledge Release

The release of pledge involved two separate transactions with different lenders. The specific details regarding the number of shares and the dates of the transactions are outlined below.

Regulatory Context

The release of encumbrance was reported to the stock exchanges as per the prescribed format for disclosures by promoters. The filing confirmed that the total number of shares released from pledge amounted to 22,00,000. The document also provided a summary of the shareholding and encumbrance status of other promoters in the target company as of the reporting date, though no changes were reported for those entities.