Lloyds Enterprises Limited announced the outcome of its board meeting held on February 09, 2026, where directors approved unaudited financial results for the quarter and nine months ended December 31, 2025, along with a significant fund raising proposal.

Financial Performance Overview

The company reported its unaudited standalone and consolidated financial results for Q3FY26, which were reviewed by the Audit Committee and subsequently approved by the Board of Directors. The financial results have been prepared in accordance with Indian Accounting Standard 34 and received an unqualified limited review report from statutory auditors.

Fund Raising Initiative Approved

The board has granted approval for issuance of Non-Convertible Debentures on private placement basis for an amount not exceeding Rs. 500 crores in one or more tranches, subject to all applicable regulatory and statutory approvals.

Corporate Developments

Several significant corporate actions were highlighted in the results announcement. The board approved a Composite Scheme of Arrangement on December 22, 2025, involving the merger of Lloyds Realty Developers Limited and Indrajit Properties Private Limited into Lloyds Enterprises Limited, along with demerger of Real Estate Business Undertaking into Lloyds Realty Limited.

Lloyds Engineering Works Limited, a material subsidiary, amended its Share Purchase Agreement for acquiring an additional 12% equity stake in Techno Industries Private Limited for Rs. 22.70 crores, making it a wholly owned subsidiary effective December 26, 2025.

Financial Arrangements and Divestment

The company entered into loan agreements with Tata Capital Limited, Bajaj Finance Limited, and Jio Credit Limited to avail financial assistance aggregating to Rs. 361 crores. The proceeds were utilized towards meeting the balance consideration of share warrants of Lloyds Metals and Energy Limited.

On February 9, 2026, the company sold its stake in subsidiary Lloyds Engineering Works Limited, comprising 60,34,299 shares at Rs. 49.65 per share through a block deal.

Rights Issue Development

The Rights Issue Committee approved the making of First and Final Call on 25,44,25,324 partly paid up equity shares of 50% of issue price of Rs. 39 per share, totaling Rs. 19.50 per equity share through a meeting held on January 8, 2026.

Regulatory Compliance

The board meeting, which commenced at 11:45 a.m. and concluded at 02:15 p.m., was conducted in accordance with Regulation 30 and 33 of SEBI Listing Regulations. All announcements and results are available on the company's website at www.lloydsenterprises.in and respective stock exchange websites.

Lloyds Enterprises Limited has successfully completed its postal ballot process through remote e-voting, with all five proposed resolutions receiving overwhelming shareholder approval. The scrutinizer's report, submitted by Mitesh Shah & Co., Company Secretaries, confirms that the e-voting process concluded on January 09, 2026, with strong participation from shareholders.

E-Voting Process and Timeline

The postal ballot was conducted pursuant to Sections 108 and 110 of the Companies Act, 2013, with the e-voting facility provided by National Securities Depository Limited (NSDL). The voting process commenced on December 11, 2025, at 9:00 a.m. (IST) and concluded on January 09, 2026, at 05:00 p.m. (IST). The voting rights were determined based on the cut-off date of February 5, 2025.

The company's total paid-up capital as on the cut-off date was ₹1,39,93,39,283.00, divided into 1,27,21,26,621 fully paid-up equity shares of face value ₹1.00 each and 25,44,25,324 partly paid-up equity shares of face value ₹1.00 each (₹0.50 per share paid up).

Material Related Party Transactions Approved

Three ordinary resolutions related to material related party transactions received strong shareholder support:

All three resolutions achieved similar approval rates, indicating consistent shareholder confidence in the proposed related party transactions.

Corporate Governance Resolutions

Two special resolutions were also passed with overwhelming support:

The resolution to adopt new articles of association received exceptional support with 99.89% approval, demonstrating strong shareholder alignment with the company's governance framework updates.

Shareholder Participation Analysis

The voting results show active participation from both fully paid-up and partly paid-up shareholders across all resolutions. The partly paid-up equity shares, representing 50% votes based on their paid-up value, contributed significantly to the overall voting process. Bigshare Services Private Limited served as the Registrar and Share Transfer Agent for the company during this process.

Conclusion

The successful completion of the postal ballot with such strong approval rates across all resolutions reflects robust shareholder confidence in Lloyds Enterprises Limited's strategic direction and corporate governance practices. The scrutinizer's report, submitted on January 12, 2026, confirms full compliance with applicable regulations and the validity of all passed resolutions.