Lloyds Metals & Energy Limited (LMEL) has successfully completed its acquisition of a 19.40% equity stake in Mandovi River Pellets Private Limited (MRPPL), marking a significant step in its strategic expansion plans.

Acquisition Details

The company received 1,64,90,000 equity shares in its demat account on September 12, representing 19.40% of MRPPL's total issued, subscribed, and paid-up equity share capital. The transaction was executed for a total consideration of Rs. 16.49 crore, as disclosed in the company's official statement to the stock exchanges.

Background and Timeline

This acquisition follows earlier disclosures made by LMEL in August regarding the planned acquisition and subscription. The company had previously announced its intention to acquire a stake in MRPPL, and this transaction marks the successful completion of that process.

Strategic Implications

The acquisition of a significant stake in Mandovi River Pellets Private Limited is likely to strengthen Lloyds Metals and Energy's position in the metals and energy sector. MRPPL's operations in pellet production could potentially complement LMEL's existing business activities and contribute to its growth strategy.

Market Response

The immediate market response to this acquisition was not provided in the available data.

Future Outlook

This acquisition may open up new opportunities for Lloyds Metals and Energy Limited in the pellet manufacturing segment. Investors and market analysts will likely be watching closely to see how this stake in MRPPL will be integrated into LMEL's operations and its potential impact on the company's future financial performance.

Lloyds Metals and Energy Limited continues to demonstrate its commitment to growth and expansion in the metals and energy sectors through strategic acquisitions and investments.

Lloyds Metals & Energy held a pivotal Extraordinary General Meeting (EGM) on September 11, 2025, marking a significant step in the company's strategic direction. The meeting, conducted through video conferencing, saw shareholders approving all 11 proposed resolutions with the requisite majority, paving the way for several key corporate actions.

Board Composition and Governance

The EGM approved the appointment of two new independent directors, Mr. Sujit Kumar Varma and Dr. Anita Shantaram, strengthening the company's board. In a notable change, shareholders also approved the redesignation of Mr. Shabbirhusein Shaikhadam Khandwala from an independent to a non-independent director.

Financial Empowerment

Shareholders granted approval for enhanced financial flexibility, authorizing the company to:

• Provide loans and guarantees under Section 186 of the Companies Act 2013
• Increase overall borrowing limits
• Create charges on company assets

These approvals bolster Lloyds Metals & Energy's ability to raise capital for future growth initiatives.

Strategic Acquisition and Share Issuance

A key highlight of the meeting was the approval for issuing 19,57,458 equity shares on a preferential basis to acquire a stake in Thriveni Pellets Private Limited through a share swap. This move signals the company's intent to expand its presence in the pellet manufacturing sector.

Material Related Party Transactions

The shareholders greenlit material related party transactions with several entities, including:

• Thriveni Pellets Private Limited
• Thriveni Earth Movers and Infra Private Limited
• Brahmani River Pellets Limited
• A proposed subsidiary in Dubai, United Arab Emirates

These approvals suggest Lloyds Metals & Energy's strategy to strengthen its operational ties within the industry and expand its global footprint.

Shareholder Participation

The EGM saw active participation from 58 members attending through video conferencing. The company had provided remote e-voting facilities from September 8-10, 2025, ensuring wide participation in the decision-making process.

Looking Ahead

Lloyds Metals & Energy's Chairman highlighted the strategic importance of the investment in Thriveni Pellets Private Limited, emphasizing its potential to enhance the company's long-term value and reinforce its leadership position in India's steel and pellet sector.

The successful passage of these resolutions marks a significant milestone for Lloyds Metals & Energy, setting the stage for its next phase of growth and expansion in the metals and energy sectors.

Investor Engagement

In a separate announcement, Lloyds Metals & Energy disclosed its participation in the upcoming Jefferies India Forum 2025, scheduled for September 17, 2025, in Gurgaon. This engagement underscores the company's commitment to maintaining open lines of communication with investors and analysts, providing insights into its strategic direction and performance.

As Lloyds Metals & Energy moves forward with these approved measures, stakeholders will be keenly watching how these strategic decisions translate into operational and financial performance in the coming quarters.