Lloyds Metals And Energy has approved the allotment of 1,76,20,550 equity shares following the conversion of preferentially issued convertible warrants to non-promoters. This move was ratified during the company’s board meeting held on 13th March, 2026.
The company initially issued 3,67,95,000 convertible warrants at an issue price of ₹740 per warrant, with ₹259 received as an initial subscription amount. The recent conversion involves the exercise of 1,76,20,550 warrants, now converted into equity shares at a premium of ₹739 per share.
The conversion has resulted in a total receipt of ₹8,475,484,550 from non-promoter warrant holders. The list of allottees includes entities such as Goodday Enterprises LLP, Om Hari Mahabir Prasad Halan, and TIMF Holdings, among others.
Following this allotment, the issued, subscribed, and paid-up capital of Lloyds Metals And Energy has been adjusted accordingly.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).