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.

Lloyds Metals & Energy Limited has reported robust financial results for the first quarter, marking significant milestones in its growth trajectory.

Financial Highlights

The company's total income for Q1 stood at INR 24,084.00 crore, remaining flat year-on-year but showcasing an impressive 99% sequential growth. EBITDA saw a 12% year-on-year increase to INR 8,087.00 crore, with margins expanding to 33.60%. Profit after tax grew by 14% year-on-year to INR 6,346.00 crore.

Operational Performance

Iron ore sales volume for the quarter reached 3.45 million tons, up 2% year-on-year and 107% quarter-on-quarter. The average realization stood at INR 6,061.00 per ton, a 6% increase year-on-year. EBITDA per ton for iron ore improved to INR 2,223.00, marking a 20% year-on-year and 46% quarter-on-quarter increase.

Strategic Developments

Lloyds Metals & Energy has made significant strides in expanding its operations:

1. Successfully commissioned a 4 million ton pellet plant and pipeline at Konsari.
2. Received environmental clearance to expand mining capacity from 10 million tons to 55 million tons per annum.
3. Completed acquisition of remaining MDO operations, enhancing cost efficiency and long-term profitability.
4. Made strategic investments in two pellet plants:
   • 19.40% stake in Mandovi River Pellets Private Limited
   • 49% stake in Brahmani River Pellets Limited

Future Outlook

The company remains confident in achieving its 22 million tons iron ore production guidance. It projects pellet capacity to reach 13.50 million tons next year from the current 9.50 million tons.

Rajesh Gupta, Managing Director, commented, "Q1 has been a fantastic quarter of milestones for us. We are now well-geared to cater to both domestic and export markets for pellets."

Capital Expenditure and Financial Strategy

Lloyds Metals & Energy plans to invest approximately INR 7,500.00 to 8,000.00 crore annually over the next three years for ongoing expansion projects. The company maintains a robust balance sheet with strong operating cash flows and prudent capital allocation.

Market Outlook

The domestic iron ore pellet market remains strong, supported by robust steel demand and capacity expansions across India. Steel demand continues to grow at 8-9%, driving sustained iron ore uptake.

As Lloyds Metals & Energy Limited continues to execute its growth strategy, it remains well-positioned to capitalize on the strong demand in the Indian steel and iron ore markets.