Lloyds Metals Independent Director passes away

Lloyds Metals and Energy Limited lloyds metals & energy on May 22, 2026, informed the stock exchanges regarding the sudden and untimely demise of its Independent Director, Mr. Mahendra Singh Mehta. The intimation was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Mehta had been serving as an Independent Director on the company's board since October 23, 2023. The company acknowledged his significant contributions to its strategic growth and governance, describing his passing as an irreparable loss. The Board of Directors and employees extended their deepest condolences to the bereaved family.

Committee Memberships

Prior to his demise, Mr. Mahendra Singh Mehta was a member of several key committees within the board. Following his death on May 22, 2026, he ceased to be a member of these committees with immediate effect.

Committee Name	Status
Audit Committee	Ceased to be member
Stakeholders’ Relationship Committee	Ceased to be member
Nomination and Remuneration Committee	Ceased to be member
Committee of Board of Directors	Ceased to be member

The company confirmed that the details regarding the change in directorship are available on its official website. The necessary disclosures have been submitted to the exchanges as required under the Listing Regulations.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.35%	-1.23%	+5.30%	+42.05%	+31.51%	+208.41%

Lloyds Metals and Energy Limited has completed the allotment of 75,000 Unsecured, Senior, Listed, Rated, Redeemable, Non-Convertible Debentures (NCDs) on 08th May, 2026, aggregating to INR 750,00,00,000 (Indian Rupees Seven Hundred and Fifty Crores). The allotment was approved by the Committee of the Board of Directors through a circular resolution dated 08th May, 2026, pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The issue was conducted on a private placement basis and was fully subscribed by investors through the NSE Electronic Book Provider (EBP) Platform.

Key Debenture Details

The following table summarises the key parameters of the NCD issuance:

Parameter:	Details
Type of Securities:	Unsecured, Senior, Listed, Rated, Redeemable, Non-Convertible Debentures (NCDs)
Type of Issue:	Private Placement
Total Securities Issued and Allotted:	75,000
Issue Size:	INR 750,00,00,000 (Indian Rupees Seven Hundred Fifty Crores)
Face Value per NCD:	INR 1,00,000/-
Date of Allotment:	08th May, 2026
Tenor:	6 years from the deemed date of allotment
Redemption Date:	07th May, 2032
Coupon Rate:	8% per annum per half year
Redemption Amount:	At face value, Rs. 1,00,000/- per NCD
Proposed Listing:	National Stock Exchange of India Limited (NSE)
Charge/Security:	Not Applicable

Credit Ratings

The NCDs have received strong credit ratings from two rating agencies, reflecting the company's creditworthiness:

Sr. No.:	Name of Rating Agency	Rating
a.	India Ratings and Research Private Limited	IND AA/Stable
b.	Crisil Ratings Limited	Crisil AA/Stable

Coupon and Redemption Schedule

Interest on the NCDs will be paid on a half-yearly basis, with the final payment comprising both interest and principal redemption on 7th May, 2032. The complete schedule of coupon and principal payments is as follows:

Due Date:	Payment
Wednesday, 30 September, 2026	Interest
Wednesday, 31 March, 2027	Interest
Thursday, 30 September, 2027	Interest
Friday, 31 March, 2028	Interest
Saturday, 30 September, 2028	Interest
Saturday, 31 March, 2029	Interest
Sunday, 30 September, 2029	Interest
Sunday, 31 March, 2030	Interest
Monday, 30 September, 2030	Interest
Monday, 31 March, 2031	Interest
Tuesday, 30 September, 2031	Interest
Wednesday, 31 March, 2032	Interest
Friday, 7 May, 2032	Interest & Redemption

Regulatory Compliance and Disclosure

The allotment follows earlier intimations dated 12th August, 2025, a clarification dated 21st August, 2025, and an intimation dated 29th April, 2026. Special rights, interests, and privileges attached to the instrument, as well as details of redemption, are as specified in the key information document dated 04th May, 2026 issued in respect of the Debentures. No charge or security has been created over the company's assets in connection with this issuance. The disclosure has been made by Company Secretary Akshay Vora on behalf of Lloyds Metals and Energy Limited.