Lloyds Metals and Energy Ltd allots 1,76,20,550 equity shares; board approves VLMH stake
Lloyds Metals & Energy · Minerals & Mining
Key highlights
- Board approved allotment of 1,76,20,550 equity shares of Rs. 1 each at Rs. 740 per share on conversion of warrants, receiving Rs. 847,54,84,550.
- Lloyds Global Resources FZCO, wholly owned subsidiary, to acquire up to 49% equity in Virtus Lloyds Minerals Holding (VLMH), Cayman Islands, for up to USD 1 million.
- VLMH, incorporated 24th February, 2026, will invest in copper and cobalt assets in DR Congo; completion expected by end of April, 2026.
Why it's rated notable: amount is ₹500 crore or more
Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.
Original filing
Board Meeting Outcome for Outcome Of Board Meeting Held On 13Th March, 2026
Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from Lloyds Metals & Energy
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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
- 1
- 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.