Lloyds Metals and Energy Limited's Board of Directors met on February 3, 2026, to approve the unaudited financial results for the quarter and nine months ended December 31, 2025. The company also approved the allotment of 8,05,500 equity shares upon conversion of preferentially issued convertible warrants to non-promoters. This conversion involved a premium of ₹739 per share, with the balance subscription amount of ₹481 per warrant received. Further approvals included the incorporation of a wholly-owned subsidiary in Maharashtra with an estimated capital outlay of over ₹252 crore. The Board also sanctioned the development of a Second Slurry Pipeline Project from Hedri to Maharashtra Port, to be implemented in two phases. Additionally, Mr. Ashit Patni, Chief Marketing Officer, was designated as Senior Managerial Personnel. Strategic overseas investments were also greenlit: the wholly-owned subsidiary, Lloyds Global Resources FZCO, will acquire up to a 95% equity stake in Lloyds Asia Resources Pte. Ltd. in Singapore for up to USD 5 million, and 100% equity stake in TP Phoenix (Pty) Ltd in South Africa for up to USD 1 million. The latter aims to position South Africa as the group's strategic hub for African operations. Capacity expansion for Pellet Plants at Konsari was approved, increasing the capacity of Pellet Plant –1 and Pellet Plant –2 from 4 MTPA each to 5 MTPA each through debottlenecking and process technological parameters. The Board meeting commenced at 4:40 PM IST and concluded at 6:05 PM IST.
