Lloyds Metals and Energy approves 1.76 crore equity shares allotment and 49% VLMH stake
Lloyds Metals & Energy · Minerals & Mining
Key highlights
- Lloyds Metals and Energy allotted 1,76,20,550 equity shares at ₹740 each on March 13, 2026, post conversion of convertible warrants to non-promoters, raising ₹847.54 crore.
- Lloyds Global Resources FZCO, a wholly owned subsidiary, to acquire up to 49% stake in Cayman Islands entity Virtus Lloyds Minerals Holding (VLMH) for up to USD 1 million.
- VLMH, incorporated February 24, 2026, focused on copper and cobalt mining in DR Congo, with no turnover reported as a newly incorporated entity; acquisition expected by end April 2026.
Why it's rated notable: amount is ₹500 crore or more
Figures checked against the filing by a second AI read. About the business, not the share price.
Original filing
Announcement under Regulation 30 (LODR)-Allotment
Read the filing on BSE (PDF) →Companies guiding to strong growth
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Other fundraise / allotment filings this fortnight
- Supreme Engineering allots 14,50,00,000 warrants at ₹2.60 on preferential basis
- Bajaj Finance Limited allots 5.74 crore warrants to Bajaj Finserv on 10 Nov 2026
- Bajaj Finance approves preferential issue of 5.74 crore warrants to Bajaj Finserv
- Chaman Metallics Limited announces H1 FY27 financial results and proposed Rights Issue
- Harmony Capital Services receives BSE approval for preferential issue of shares
- Kuber Udyog: open offer corrigendum, allotments of shares and warrants at ₹23.10
Potential multibaggers · Q2 FY27
Potential multibaggers in Minerals & Mining
on management's own guidance
- NMDCGood growth2
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- Ashapura MinechemGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.