Lloyds Enterprises Limited has taken significant steps to update its corporate governance structure and seek shareholder approval for key transactions. The company's Board of Directors has approved several important measures that will be put to shareholders for consideration through a postal ballot.

New Articles of Association

The Board has approved the adoption of a new set of Articles of Association (AOA) to align with the Companies Act, 2013. This move represents a comprehensive update to the company's governing document, replacing the existing AOA entirely. The new AOA is based on Table F provisions of the Companies Act, 2013, which provides a standard template for company articles.

Key Approvals Sought from Shareholders

The Board has approved a postal ballot notice seeking shareholder approval for the following items:

1. Material Related Party Transactions
2. Adoption of the new set of Articles of Association
3. Approval for advancing loans, giving guarantees, or providing security under Section 185 of the Companies Act, 2013

Implications for Shareholders

These changes, if approved, could have significant implications for the company's governance and operations:

Updated Governance Framework

The new AOA will modernize the company's internal regulations, potentially affecting shareholder rights, board procedures, and overall corporate governance.

Related Party Transactions

Approval for material related party transactions suggests significant business dealings that shareholders will need to evaluate.

Financial Flexibility

The approval sought under Section 185 of the Companies Act could provide the company with more flexibility in financial dealings with related entities.

Next Steps

Shareholders of Lloyds Enterprises Limited should expect to receive the postal ballot notice in due course. They will have the opportunity to review the proposed changes in detail and cast their votes on these important matters.

The company has not provided specific details about the nature of the related party transactions or the loans and guarantees under consideration. Shareholders are advised to carefully review the postal ballot materials when received to make informed decisions on these proposals.

This move by Lloyds Enterprises Limited demonstrates a commitment to updating its governance structures in line with current legislation and seeking appropriate shareholder approvals for significant corporate actions.

Lloyds Enterprises Limited (LEL) has announced its unaudited financial results for the quarter and half-year ended September 30, 2025, showcasing robust growth and strategic utilization of its recent rights issue proceeds.

Financial Highlights

For the quarter ended September 30, 2025, LEL reported:

The company's consolidated revenue from operations for H1 FY26 stood at ₹737.47 crore, up from ₹708.67 crore in H1 FY25, marking a 4.06% increase.

Segment Performance

LEL's performance across its business segments for H1 FY26 was as follows:

1. Real Estate: Revenue of ₹45.19 crore
2. Steel: Revenue of ₹463.82 crore
3. Engineering: Revenue of ₹509.13 crore
4. Electrical: Revenue of ₹70.12 crore

Rights Issue Utilization

The company has effectively deployed the funds raised through its rights issue. According to the monitoring agency report:

• LEL raised ₹496.13 crore during the quarter from its rights issue of 25,44,25,324 equity shares at ₹19.50 per share.
• ₹102.22 crore was utilized for subscribing to secured non-convertible debentures of subsidiary Lloyds Realty Developers Limited (LRDL).
• ₹99.90 crore was allocated for general corporate purposes.
• The unutilized proceeds of ₹260.87 crore are currently deployed in fixed deposits and monitoring accounts.

Strategic Developments

Subsidiary Acquisitions

Lloyds Engineering Works Ltd (LEWL), a subsidiary of LEL, acquired a 76% stake in Metalfab Hightech Private Limited for ₹28.41 crore and an additional 11% stake in Techno Industries Private Limited for ₹25 crore.

Employee Stock Option Plan

The company approved the grant of 4,01,010 options to employees of LEL and 12,34,830 options to employees of group companies under its ESOP 2025 plan.

Real Estate Expansion

LRDL, LEL's subsidiary, entered into non-binding MoUs for over 170 acres of land in Khopoli, with a potential revenue exceeding ₹5,000 crore.

Management Commentary

Babulal Agarwal, Managing Director of Lloyds Enterprises Limited, stated, "Our Q2 results reflect the company's strong fundamentals and the successful execution of our growth strategy. The strategic deployment of our rights issue proceeds, particularly in our real estate and engineering segments, positions us well for sustained growth. We remain committed to creating long-term value for our shareholders through strategic investments and operational excellence."

LEL's diversified business model, spanning real estate, steel, engineering, and electrical segments, continues to drive its growth. The company's focus on strategic acquisitions and expansion in the real estate sector indicates its commitment to long-term value creation.

Investors and stakeholders can access the detailed financial results on the company's website at www.lloydsenterprises.in .