Lloyds Enterprises Limited (LEL) has announced that Geomysore Services India Pvt Ltd (GMSI) has taken a significant step forward in India's gold mining sector by commencing pre-commercial production trials at the Jonnagiri Gold Mine in Andhra Pradesh. This development marks a crucial milestone for both GMSI and its stakeholder, Lloyds Enterprises Limited.

Key Highlights

• GMSI has begun pre-commercial production trials (PCOD) at the Jonnagiri Process Plant.
• Commercial production is targeted to begin in November 2025.
• The project is expected to produce up to 900 kilograms of refined gold annually by the end of FY2028.
• The mine has a projected life of 15 years, supported by a strong resource base.
• Lloyds Enterprises Limited holds a 31.58% economic stake in GMSI through its 50% investment in Prakar Estate and Promoters LLP.

Project Details

Market Context

The commencement of pre-commercial operations at the Jonnagiri Gold Mine comes at an opportune time in the gold market. According to the World Gold Council's mid-year 2025 outlook, gold is expected to remain a preferred global asset class. This preference is supported by strong central bank buying, inflationary concerns, and gold's role as a hedge against market volatility.

Over the past three years, gold has demonstrated impressive performance, delivering a compound annual growth rate (CAGR) of approximately 24.40% in rupee terms. This trend underscores the potential value of GMSI's gold production capabilities in the current market environment.

Significance for Lloyds Enterprises

For Lloyds Enterprises Limited, this development represents a significant milestone. As a major stakeholder in GMSI, LEL views this progress as a testament to the quality of the asset and the commitment of the operating team. The transition from development to pre-commercial trial production stage, with ore production underway and processing plant trials initiated, enhances the long-term value proposition of LEL's investment.

This project aligns with Lloyds Enterprises's strategy of participating in India's critical mineral and resource value chains. It also positions the company to potentially benefit from the current positive trends in the gold market.

As India's first privately-owned gold mine nears full commissioning, investors and industry observers will be watching closely to see how this development impacts both Geomysore Services and Lloyds Enterprises in the coming months and years.

Lloyds Enterprises Limited has seen a significant increase in shareholding by Blossom Trade & Interchange LLP, a member of its promoter group, through a rights issue. The transaction, completed on September 10, 2025, resulted in Blossom Trade acquiring 65,00,000 equity shares of Lloyds Enterprises.

Acquisition Details

The newly acquired shares are partly paid-up equity shares with a face value of Re. 1 each and a paid-up value of Re. 0.50 each. This acquisition has resulted in a notable change in Blossom Trade's stake in Lloyds Enterprises:

Impact on Capital Structure

The rights issue has also affected Lloyds Enterprises' capital structure:

• Before Rights Issue:

  • Total share capital: Rs. 1,27,21,26,621
  • Representing 1,27,21,26,621 shares of Re. 1 each

• After Rights Issue:

  • Total share capital: Rs. 1,52,65,51,945
  • Representing:
    • 1,27,21,26,621 fully paid shares of Re. 1 each
    • 25,44,25,324 Partly Paid-up Equity Shares of Re. 0.50 each

Market Implications

This transaction underscores the promoter group's confidence in Lloyds Enterprises' future prospects. The increase in Blossom Trade's shareholding represents a significant number of shares and could potentially influence the company's strategic decisions.

Regulatory Compliance

The acquisition was disclosed in compliance with regulatory requirements. This transparency ensures that all stakeholders are informed about significant changes in the company's ownership structure.

Lloyds Enterprises' shares are listed on both the BSE Limited and the National Stock Exchange of India Limited.