Board Meeting21 Sept 2026, 03:46 pm
Lloyds Metals Board Approves ESOP Allotment & NCD Issuance
AI Summary
Lloyds Metals and Energy Ltd's Board of Directors met on September 21, 2026, approving the allotment of 1,41,969 equity shares under its ESOP Plan 2017. The company also greenlit the issuance of Non-Convertible Debentures (NCDs) totaling ₹1,550 Crore on a private placement basis. Additionally, the Board approved an increase in the capacity of its DRI Plants at Ghugus and Konsari, aiming to exceed 9,00,000 MTPA total capacity through debottlenecking.
Key Highlights
- Approved allotment of 1,41,969 equity shares under ESOP Plan 2017.
- Approved issuance of NCDs aggregating ₹1,550 Crore via private placement.
- Approved capacity enhancement for DRI Plants at Ghugus and Konsari.
- Total DRI plant capacity to exceed 9,00,000 MTPA post-enhancement.
Price Impact
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