Lloyds Metals and Energy Limited shareholders approved all 22 resolutions during the 49th Annual General Meeting (AGM) held on June 19, 2026. The meeting, conducted via video conferencing, saw the adoption of audited financial statements for the financial year ended March 31, 2026, and the declaration of dividend. The company reported revenue of ₹13,837.8 crore for FY26, a growth of over 100% compared to the previous year, with an EBITDA of ₹6,333.9 crore.

The remote e-voting facility was available from June 15, 2026, to June 18, 2026, and e-voting was also conducted during the meeting. M/s. Mitesh Shah & Co., Company Secretaries, served as the scrutinizer for the voting process. Key resolutions passed included the reappointment of Mr. Ramesh Luharuka and Dr. Seema Saini as Non-Executive Independent Directors, and the appointment of Mr. Balasubramanian Prabhakaran as Managing Director and Mr. Venkateswaran Soundrarajan as Executive Director.

Shareholders sanctioned special resolutions for borrowing limits, creation of mortgages or charges, and giving loans or guarantees exceeding prescribed limits under the Companies Act, 2013. 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 also approved.

The company's operational performance was highlighted by the Chairman, noting that iron ore production reached 21.96 million tonnes and pellet production was 3.03 million tonnes. The consolidated performance of Thriveni Earthmovers & Infra Private Limited, which was consolidated during the year, contributed significantly with revenue of ₹7,996.9 crore.

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.