
Management Change10 Aug 2026, 07:21 pm
Lloyds Metals Appoints Avijit Ghosh as Independent Director
AI Summary
Lloyds Metals and Energy Ltd announced the appointment of Mr. Avijit Ghosh as an Additional Director, designated as Non-Executive Independent Director, for a term of five years. This decision was made during a Board of Directors meeting held on August 10, 2026. The company also approved unaudited financial results for the quarter ended June 30, 2026, along with a security cover certificate and a statement on the utilization of issue proceeds from Non-Convertible Debentures. Further approvals included a minimum 26% stake acquisition under a Group Captive Scheme for renewable energy projects and the conversion of outstanding loans into equity shares for its subsidiary, Lloyds Global Resources FZCO.
Key Highlights
- Avijit Ghosh appointed as Non-Executive Independent Director for five years.
- Board approved unaudited financial results for Q1 FY27.
- Company to acquire minimum 26% stake in renewable energy projects.
- Subsidiary loan conversion to equity approved.
- Additional investment in subsidiary via CCPS approved.
Price Impact
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