Lloyds Metals and Energy Ltd

Board decisions

• Approval for NCD issuance up to Rs 3,000 crore in private placements, subject to regulatory approvals.
• Approval to issue USD-denominated notes/debt up to USD 130 million, with upsizing up to USD 50 million.
• Cancellation of NCD issuance aggregating up to Rs 600 crore on private placement.
• Rs 950 crore NCD issuance approved on 21 Sept 2026 remains unaffected.
• Debentures to be listed on BSE and/or NSE; pricing/tenure to be determined by Board/Committee.
• Details under Regulation 30 will be provided upon pricing and terms; subject to approvals.

Meeting Details

• Board meeting scheduled for 14 October 2026; time and venue not disclosed.

Key Agenda Items

• To consider and approve issue of NCDs on a private placement basis.
• To consider raising funds via USD-denominated senior secured bonds (floating or fixed rate) and/or other securities.

Other Notes

• Notice of meeting will be available on the company's website.

ESG rating details

• CARE ESG Ratings assigned CareEdge-ESG 1 rating to Lloyds Metals and Energy.
• ESG Rating Score: 76.7; Rating action: Assigned.

Encumbrance creation on promoter shares

• Ravi Babulal Agarwal: NDU created 04.09.2026 over 11,907,240 shares (2.12%) in favor of SBICAP Trustee for SBI loan.
• Mukesh Rajnarayan Gupta: NDU on 04.09.2026 over 1,135,700 shares (0.20%) in favor of SBICAP Trustee.
• Renu Rajesh Gupta: NDU on 04.09.2026 over 1,204,420 shares (0.21%) in favor of SBICAP Trustee.
• Abha Gupta: NDU on 04.09.2026 over 1,169,540 shares (0.21%) in favor of SBICAP Trustee.
• Rajesh Rajnarayan Gupta: NDU on 04.09.2026 over 602,820 shares (0.11%) in favor of SBICAP Trustee.
• Madhur Rajesh Gupta: NDU on 02.09.2026 over 9,600,000 shares (1.71%) in favor of SBICAP Trustee.
• Madhur Rajesh Gupta: Additional NDU on 04.09.2026 encumbering 9,000,000 shares (1.60%) for SBICAP Trustee.
• Shreekrishna Mukesh Gupta: NDU on 02.09.2026 over 9,602,000 shares (1.71%) in favor of SBICAP Trustee.
• Shreekrishna Mukesh Gupta: Additional NDU on 04.09.2026 encumbering 9,000,000 shares (1.60%) for SBICAP Trustee.
• Thriveni Earthmovers Private Limited: NDU on 02.09.2026 encumbering 5,780,362 shares (1.03%) in favor of SBICAP Trustee.
• Sky United LLP: Pledge created 26.08.2026 over 20,000,000 shares (3.55%) in favor of SBICAP Trustee.
• Lloyds Enterprises Limited: NDU on 02.09.2026 over 2,596 shares (0.0005%) in favor of SBICAP Trustee.
• Crosslink Food and Farms Private Limited: NDU on 04.09.2026 encumbering 5,080,409 shares (0.90%) in favor of SBICAP Trustee.
• Lloyds Metals & Minerals Trading LLP: Pledge created 27.08.2026 over 20,000,000 shares (3.55%) in favor of SBICAP Trustee.
• Blossom Trade & Interchange LLP: NDU created 04.09.2026 over 13,200,000 shares (2.34%) in favor of SBICAP Trustee.

TEIL equity stake update

• Allotted 3.50 crore TEIL equity shares at Rs 173.36 per share for Rs 606.76 crore.
• Post-subscription holding: 73.50 crore TEIL shares, 71.89% of TEIL's equity.
• Allotment completed on 28 September 2026.
• Regulatory disclosures provided on 10 August 2026 and on Lloyds' website.
• TEIL remains a subsidiary of Lloyds Metals and Energy Ltd.

Lloyds Metals and Energy Limited — Trading Window closed from 01 October 2026 till 48 hours after the unaudited financial results for the quarter and half year ended 30 September 2026

Independent Director appointment

• Special Resolution to appoint Avijit Ghosh as Non-Executive Independent Director for five years.
• Not liable to retire by rotation; independence declaration received.
• Term from 10 Aug 2026 to 09 Aug 2031.

Conversion of loans into equity

• Special Resolution to convert outstanding loans into equity shares, subject to lenders' terms.
• Conversion may occur upon default and per financing documents.
• Equity shares to be fully paid up and rank pari passu with existing shares.
• Shares to be listed on BSE/NSE per financing agreements.

Target & Disclosing Party

• Target Company: Lloyds Metals & Energy Ltd.
• Acquirer and PAC: SBICAP Trustee Company Limited (STCL).
• Promoter group: No.

Transaction Details

• Transaction type: Non-Disposal Undertaking over shares.
• Date: 04/09/2026.
• Mode: Non-Disposal Undertaking (NDU).

Pre-Transaction Holdings

• Voting rights before: 14,80,89,232 shares (26.30%).
• Encumbrance before: 10,18,02,932 shares (18.09%).

Post-Transaction Holdings

• Voting rights after: 24,98,92,164 shares (44.39%).
• Encumbrances after: 24,98,92,164 shares (44.39%).

Share Capital Context

• Equity capital before: 56,29,06,951 shares.
• Equity capital after: 56,29,06,951 shares.
• Total diluted capital after: 56,29,06,951 shares.

ESOP Share Allotment

• Board approves allotment of 141,969 equity shares to Lloyds Employees Welfare Trust at Rs 4 per share.
• These shares rank pari-passu with existing shares.

NCD Issuance

• Board approves private placement of two NCDs aggregating Rs 600 crore and Rs 950 crore.
• Subject to regulatory approvals; within earlier approvals dated May 5, 2026 and Oct 13 2025.

DRI Plant Capacity Expansion

• Ghugus DRI plant capacity increased to 815,000 MTPA.
• Konsari DRI plant capacity increased to 92,400 MTPA.
• Total DRI capacity will exceed 9,00,000 MTPA.
• Expansion via debottlenecking and process optimization.