Interim report
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LLOYDS METALS 10th August , 2026 To , BSE Limited Corporate Services Department Phiroze Jeejeebhoy Towers , Dalal Street , Mumbai - 400001 BSE Scrip Code : 512455 National Stock Exchange of India Limited Corporate Communications Department Exchange Plaza , Bandra Kurla Complex , Bandra ( East ) , Mumbai - 400051 NSE Symbol : LLOYDSME Sub : Outcome of Board Meeting held on 10th August , 2026 under Regulation 30 and 51 of the Securities and Exchange Board of India ( Listing Obligations and Disclosure Requirements ) Regulations , 2015 Dear Sir / Madam , This has reference to the intimation of meeting of Board of Directors ( " Board " ) of Lloyds Metals and Energy Limited ( “ Company ” ) dated 04th August , 2026 and in compliance with Regulation 30 and 51 of the Securities and Exchange Board of India ( “ SEBI ” ) ( Listing Obligations and Disclosure Requirements ) Regulations , 2015 ( “ Listing Regulations ” ) , we would hereby like to inform that the Board at its meeting held today , i.e. Monday , 10th August , 2026 inter alia , approved the following : 1. Approval of unaudited Financial Results ( Standalone and Consolidated ) for the Quarter ended 30th June , 2026 . A copy of Unaudited Financial Results ( Standalone and Consolidated ) of the Company for the quarter ended 30th June , 2026 for the Financial Year 2026-27 , along with the Limited Review Report issued by the Statutory Auditors is enclosed herewith . The aforesaid financial results have been duly reviewed by the Audit Committee and subsequently approved by the Board of Directors of the Company at their respective meetings held today i.e. Monday , 10th August , 2026 . We would like to further inform you that the Statutory Auditors of the Company have conducted a Limited Review of the aforesaid financial results . We are enclosing herewith the following : a . b . Security Cover certificate in the prescribed format for the quarter ended 30th June , 2026 , in terms of regulation 54 of Listing Regulations . Statement Indicating the utilization of issue proceeds of Non - Convertible Debentures and Nil Deviation and Variation in the use of issue proceeds for the quarter ended 30th June , 2026 pursuant to Regulation 52 ( 7 ) and ( 7A ) of the Listing regulations read with Master circular dated 11th July , 2025 . Lloyds Metals and Energy Limited R / O : Plot No : A 1-2 , MIDC Area , Ghugus , District Chandrapur - 442505 , Maharashtra , India . W www.lloyds.in | E investor@lloyds.in CIN : L40300MH1977PLC019594 Corporate Office : A - 2 , 2nd Floor , Madhu Estate , Pandurang Budhkar Marg , Lower Parel ( West ) , Mumbai - 400013 , Maharashtra , India . C / O No .: + 91-22-62918111 | R / O No .: + 91-07172 285398/285103
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2. Appointment of Mr. Avijit Ghosh (DIN: 03101511) as an Additional Director designated as Non-Executive, Independent Director of the Company for term of five years. Based on the recommendation of the Nomination and Remuneration Committee , the Board of Directors have approved the appointment of Mr. Avijit Ghosh (DIN: 03101511) as an Additional Director designated as Non-Executive, Independent Director on the Board of the Company for a term of 5 (Five) consecutive years commencing from 10th August, 2026 to 09th August, 2031 (both days inclusive). The appointment is subject to approval of the Members. The details as required under Regulation 30 of the Listing Regulations read with Clause 7 of Annexure 18 of the SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11 th November, 2024 (“Disclosure Circular”), are set out under Annexure - A. 3. Approval for acquisition of minimum 26% stake under the Group Captive Scheme The Board of Directors approved the proposal for the Company to undertake investments in renewable energy projects for captive consumption, in line with the Company’s commitment towards sustainable and renewable sources of energy and to support its long -term operations and energy requirements. Accordingly, the Board approved the following arrangements: a. For Wind Power (i) Entering into Share Subscription and Shareholders Agreement(s) (“SSSHA”) amongst: ▪ Lloyds Metals and Energy Limited (“LMEL”), Amplus Energy Solutions Pte. Ltd. (“Amplus Energy ”) and Amplus Green One Power Private Limite d (“ Amplus Green One”); and ▪ LMEL, Amplus Energy and Amplus Energy One Private Limited (“Amplus Energy One”); and (ii) Entering into Wind Power Purchase Agreement(s) (“Wind PPA”) between ▪ LMEL and Amplus Green One; and ▪ LMEL and Amplus Energy One b. For Solar Power (i) Entering into SSSHA amongst LMEL, Amplus Energy and Amplus Ceres Solar Private Limited (“Amplus Ceres”); and (ii) Execution of Solar Power Purchase Agreement ( “Solar PPA ”) between LMEL and Amplus Ceres. The aforesaid arrangements will facilitate the Company’s captive consumption of renewable wind and solar power, subject to compliance with the applicable regulatory requirements governing captive power consumption.
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The details as required under Regulation 30 of the Listing Regulations read with Part A Clause A(1)(1.1) and Clause B(5) of Annexure 18 of the Disclosure Circular are attached herewith as Annexure - B and Annexure - C respectively. 4. Approval for Conversion of Outstanding Loan into Equity Shares of Lloyds Global Resources FZCO, Wholly Owned Subsidiary of the Company. The Board has approved the conversion of the existing loans extended by the Company to Lloyds Global Resources FZCO, (“LGRF”), a wholly owned subsidiary of the Company into equity shares of LGRF. The details as required under Regulation 30 of the Listing Regulations read with Part A Clause A(1)(1.1) of Annexure 18 of Disclosure Circular are attached herewith as Annexure – D. 5. Approval for a dditional investment in Lloyds Global Resources FZCO, Wholly Owned Subsidiary of the Company. The Board has granted an e nabling approval for investment in Lloyds Global Resources FZCO, Wholly Owned Subsidiary of the Company by way of subscription to Compulsorily Convertible Preference Shares (“CCPS”), Optionally Convertible Preference Shares (“ OCPS”), Redeemable Preference Shares (“RPS”) and/or such other preference shares, hybrid securities or other securities as may be permissible under the applicable laws and regulations of the Dubai Multi Commodities Centre (“DMCC”) and the United Arab Emirates. The proposed investment may be made in one or more tranches, at such issue price, terms, conditions and manner as may be determined by the Company, subject to applicable laws, regulations, approvals and compliances. The details as required under Regulation 30 of the Listing Regulations read with Part A Clause A(1)(1.1) of Annexure 18 of Disclosure Circular are attached herewith as Annexure - E. 6. Approval for f urther Investment in Thriveni Earthmovers and Infra Private Limited, Subsidiary of the Company, by way of Subscription to Rights Issue / Further Issue of Capital. The Board has approved investment in Thriveni Earthmovers and Infra Private Limited (“TEIL”), subsidiary of the Company, upto an aggregate value of INR 625 crores (Rupees Six Hundred Twenty- Five Crore Only), by way of subscribing to the rights issue / further issue of capital in one or more tranches offered by it. The details as required under Regulation 30 of the Listing Regulations read with Part A Clause A(1)(1.1) of Annexure 18 of Disclosure Circular are attached herewith as Annexure - F. The Board Meeting commenced at 03:27 P.M. (IST) and concluded at 04:30 P.M. (IST) The same will also be available on the Company’s Website at www.lloyds.in.
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The same may please be taken on record and suitably disseminated to all concerned. Thanking you. Yours faithfully. For Lloyds Metals and Energy Limited Akshay Vora Company Secretary Encl.: as above
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T odarwal & T odarwal LLP Chartered Accountants Independent Auditor's Limited Review Report on the Ouarterlv Unaudited Standalone Financial Results of the Company Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to, The Board of Directors Lloyds Metals and Energy Limited Plot No A-5/5, MIDC Industrial Area, Murbad, Thane l'v1H 421401. Dear Sirs, Re: Limited Review Report of the Unaudited Standalone Financial Results for the quarter ended 30th June, 2026 and year to date from 1 st April 2026 to 30th June, 2026 We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of Lloyds Metals and Energy Limited for the quarter ended 30th June, 2026, and year to date from pt April, 2026 to 30th June, 2026 ("the Statement") attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, ('the Regulation') as amended (the "Listing Regulations"). This Statement which is the responsibility of the Company's Management and approved by the Board of Directors has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting "("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued there under and other accounting principles generally accepted in India and in compliance with regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. We have conducted our review of the Statement in accordance with the Standard on Review Engagement (SRE) 2410, "Review of Interim Financial Information performed by the Independent Auditor of the Entity," issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free from material misstatement. A review of interim financial information consists of making inquiries, primarily of personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all • • nt matters that might be identified in an audit. Accordingly, we do not express an audit aker Bhavan No. 3., pc Floor, 21 New Marine Lines, Mumbai-400 020. INDIA. . 91,22,22083115 I 22068264 I todarwal@todarwal.com I www.todarwal.com ICAI Regn.: W100231 [ LLP Regn: AAJ ,9964
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T odarwal & T odarwal LLP Chartered Accountants Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of Unaudited Financial Results prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards (Ind AS) specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other recognized accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For Todarwal & Todarwal LLP Chartered Accountants ICAI Firm Reg Sunil Todarwal Partner M. No.: 032512 UDIN: 26032512IBVQNW5998 Date: 10th August, 2026 Place: Mumbai ll2, Maker Bhavan No. 3., pc Floor, 21 New Marine Lines, Mumbai - 400 020. INDIA Tel: +91-22-22083115 / 22068264 / todarwal@todarwal .com I www.todarwal .com ICAI Regn.: W100231 / LLP Regn: AAJ-9964 Page 2 of 2
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Sr. No. 1 2 3 4 5 6 7 8 9 LLOYDS METALS AND ENERGY LIMITED Regd. Office: Plot No A 1-2, MIDC Area, Ghugus, Dist. Chandrapur , Maharashtra• 442 505 CIN·: L40300MH1977PLC019594 Website:www.lloyds.in UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED 30th June, 2026 ;~.· . \I ~ ,,, Particulars ,,;:" ;._" - ,I ' .. ,:,., . .. ' Income (a) Revenue from Operations i) Gross Sales/ Income from operation ii) Other operating revenues (b) Other Income Total Income Expenses (a) Cost of Materials Consumed (b) Purchase of traded goods (c) Change in Inventories of Finished Goods, WIP and Stock-In-Trade (d) Employees Benefit Expenses (e) Finance Costs (f) Depreciation (g) Mining, Royalty and Freight Expenses (h) Other Expenses Total Expenses Profit before tax(1 • 2) Tax Expense a) Current Tax b) Deferred Tax Profit after tax (3 • 4) Other Comprehensive Income (a) (i) Item that will not be reclassified to profit or loss (ii) Income tax effect on above (b) (i) Item that will be reclasified to profit or loss (ii) Income tax effect on above Total Comprehensive Income (5 + 6) Paid Up Equity Share Capital (Face Value of Re. 1 / - each) Other Equity Earnings per Share (not annualised for the quarter) Basic • In Rs. Diluted - In Rs . For and on behalf of Board of Directors of Lloyw s M als and Energy Limited _ • _ ,.,Y ~ /~i"" ·-. (!) Rajesh Gupta -~ ~ U Managing Director DIN: 00028379 Date: 10th August, 2026 Place: Mumbai ' 30-Jun-26 (Unaudited) 5,353.32 59.58 95.39 5,508.29 906.47 (37.91) 126.09 107.15 100.33 1,972.15 325.91 3,500.19 2,008.10 (290.50) (190.71) 1,526 .89 0.01 . 1,526.90 56.29 13,240.15 27.13 26.87 Quarter ended 31-Mar-26 30-Jun-25 (Audited) (Unaudited) 4,900.71 2,377.03 12.23 2.85 64.45 28,55 4,977.39 2,408 .43 992.77 199.55 (3.15) 61 .56 (437.90) (67.28) 133.13 63.80 64.44 14.47 99.27 27.79 2,241.36 1,220.16 372.38 121 .99 3,462.28 1,642 .04 1,515.10 766.39 (291.00) (81 .56) (158.51) (50.25) 1,065.59 634.58 0.55 (0.17) 1,066.14 634.41 56.28 52.32 11 ,725.04 6,962.77 19.56 12.12 19.32 11.28 (, . in Cr) Year ended 31•Mar-26 (Audited) 13,530.51 150.09 157.21 13,837.80 2,305.09 370.90 (675.89) 389.81 132.32 242.51 5,899.57 875.17 9,539.47 4,298.33 (910.32) (193.71) 3,194.30 0.02 3,194.32 56.28 11,725.04 60.24 58.03
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LLOYDS METALS AND ENERGY LIMITED Regd, Office: Plot No A 1-2, MIDC Area, Ghugus, Dist. Chandrapur, Maharashtra - 442 505 CIN-: L40300MH1977PLC019594 Webslte :www.lloyds .in Unaudited Standalone Segmentwise information for the Quarter ended 30th J une , 2026 . Quarter ended Year ended Particulars 30-Jun-26 31-Mar-26 30-Jun-25 31-Mar, 26 - -•e -· -~ -- - .. ~. (Unaudited) (Audited) (Unaud1tttd) (Audited) 1 Segment Revenue a) Mining 3,502.61 3,842.31 2,131.01 10,149.68 b) Steel and related value added products 2,195.18 1,377.91 316.80 4,438.34 Total Segmental Revenue 5,697 .79 5,220.22 2,447.82 14,588 ,02 Less: Inter Segment Revenue 284.87 307.28 67.94 907.43 Net Sales / Income from Operations 5,412 .91 4,912.94 2,379.88 13,680 .59 2 Segment Results (Profit before Finance Costs and Tax) a) Mining 1,205.22 1,084.70 734.16 2,930.75 b) Steel and related value added products 814.64 430.40 18.14 1,342.68 Total Segment Result 2,019.86 1,515.09 752.30 4,273.43 Less: Finance Cost (Net of other income) 11 .76 (0,01) (14.09) (24.89) Profit / (Loss) before Tax 2,008.10 1,515.10 766 ,39 4,298 .33 3 Segment Assets a) Mining 3,415.93 2,698.14 573.33 2,698.14 b) Steel and related value added products (including CWIP) 15,905.54 13,135.40 8,424.11 13,135.40 c) Unallocated 4,267.95 4,493.14 2,431.21 4,493.14 Tota I Assets 23,589.42 20,326.68 11,428.66 20,326,68 4 Segment Liabilities a) Mining 2,356.70 1,612.30 916.72 1,612.30 b) Steel and related value added products (including CWIP) 1,065.98 977.96 809.87 977.96 c) Unallocated 6,870,35 5,955.10 2,686.97 5,955.10 Total Liabilities 10,293,03 8,545.36 4,413 .56 8,545.36
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Notes The Statement of Uniludlted stilndillone fln1ntlill results rthe statement") of Lloyds Metals And Energy limited for the Quilrter ended on 30th June. 2026 hilve been reviewed and recommended by the Audit Commlttu: ilnd ii pp roved by the Bo.ard of Directors 1t their respective mu.tines held on 10th August, 2026. These fln1ncl1I results hive bel!n prep.ared In 1ccord1nce with the recognition and musurement prlnclples lilld down In Ind AS 34 Interim Flnandill Reportln& prescribed under Section 133 of the Comp1nles Act, 2013 re1d with the re/ev1nt rules lnued thereunder ind the other accounting prlnc/ples 1enerillly 1ccepted In lndt1. As per Ind AS 108· Operiltlng Segments, the Company hu two report1ble Operatrnr Segments n1mely "Mining of Iron Ore"and "Steel and relilted v1lue 1dded products". The nn1nclal lnformiltlon for these sl!rments have been provided In Flnilnclill Results as per Ind AS 108· Operiltlng Secments. The Statutory Auditors of the Company have conducted limited review of the flnanclill result for the quuter ended 30th Junl! 2026. An unqua\llfled report hu been Issued by them thereon, Details of Employee Stock Option for the quarter and year ended 30th June 2026 are as follows · Lloyds Metals and Ener1y Limited Employee Stock Option Plan 2017 and 2024 Number of options outstanding at the beginning of the period April 1, 2026 57,52,391 Number of ODtlons exerclsabte at the beginning of the period April 1, 2026 1,14,2&4 Number of options Granted during the period 12,20,038 Number of options Vested durinsr the period 4.15,279 Number of oDtions L.apsed durln2 the period 15,013 Number of options Exercised during the period 32,245 Number of options outstanding at the end of the period June 30, 2026 67,66,112 Number of options exerclsable at the end of the oerlod June 30, 2026 2,73,323 Through a series of warrant conversions spanning from December 2025 to March 2026, the Company has allotted a cumulatlve total of 3,36,95,000 Equity Shares of face value Re. 1/- each, fully paid-up, to Promoters and Non-Promoters. These allotments resulted from the warrant holders exercising their options to convert an equivalent number of warrants into equity shares across three distinct tranches: 1,52,68,950 shares on 31st December, 2025; 8,05,500 shares on 3rd February, 2026; and 1,76,20,550 shares on 13th March, 2026. In aggregate, the Company has received Rs. 16,20,72,95,000 (Rupees One Thousand Six Hundred Twenty Crore Seventy-Two Lakh Ninety-Five Thousand only) as the balance exercise price, calculated at a rate of Rs. 481 per Equity Share for ;ill conversions . On 30th January, 2026, the company has Issued 60,000 (Sixty Thousand) senior, secured, llsted, rated, redeemable, non-convertible debentures ("Debentures") through a private placement. Each debenture has a face value of INR 1,00,000, (lndlan rupees one lakh), totallng an aggregate nomlnal value of INR 600,00,00,000 (Indian Rupees Six Hundred Crores). This Issuance consisted of a base Issue size of JNR 300,00,00,000 (Indian Rupees Three Hundred Crores) and a green shoe option of INR 300,00,00,000 (Indian Rupees Three Hundred Crores), which has been fully subscribed. During FV 2024-25, the Company has Issued 1,75,00,000 Equity Shares of face value of Rs. 1 each at Rs. 696 per equity share through Qualified lnstitullonal Placement ("QIP"). The details of utilisation of QIP proceeds of Rs. 1,218.00 crores Is as follows: Sr. No. Object of the Issue of Placement Documents Amount as Quarter ending 30th June Vear ending 31st March propo sed 2026 2026 In the offer Unutllised Document Amount Un utilised Amount Utili sed Amount Utilised Amount 1 Setting up a 4 MTPA Pellet plant at Konsari, Maharashtra 916.13 916.13 916.13 2 General Corporate Purposes 285.55 285.88 285.55 3 Issue related expenses 16.32 15.99 15.99 0,33• Total 1218.00 1218,00 1217.67 0.33 • Unutillsed amount was lying In ICICI B;ink account which ls presented under cash and cash equivalents in financlal statement as at 31st March 2026. During FY 2024-25 the Company Issued preferential convertible warrant s and, In FY 2025-26, allotted equity shares upon conversion of those warrants . The exercise raised gross proceeds of Rs. 2,722.83 crores. The details of utilisation of preferntlal convertible warrants of Rs. 2,722.83 crores is as follows : Sr. No. Object of the Issue of Placement Documents Amount Quarter ending 3oth June Vear ending 31st March allocated 2026 2026 Amount Unutilised Amount Unutllised Utillsed Amount Utlllsed Amount 1 Funding of capital expenditure for expansion of ORI Plant and power 714.74 391.39 3B3.81 plant at Ghugus, Chandrapur. -2 Funding of capital expenditure for expansion of pellet 1327.38 1379.63 capacity by setting up an additional lX 4 MTPA Pellet Plant 271.12• 1021.43 636.90· at Konsarl, Ghadchlroli -3 General Coroorate Purposes 680.71 680.69 680.69 Total 2722.83 2451,71 271.12 2085.93 636.9 • Unutllised amount was lying In HDFC Bank Rs. 271.12 crores (As at 31 March 2026: 166.71 crores) account which Is presented under cash and cash equivalents and remaining amount shown as current financial assets Rs. Nil (As at 31 March 2026 : 470.19 crores) In the financlal statements. 10 On 8th May, 2026, the company has Issued 75,000 (Seventy Five Thousand) senior, unsecured, listed, rated, redeemable, non-convertible debentures ("Debentures") through a private placement. Each debenture has a face value of INR 1,00,000, (Indian rupees one lakh), totaling an aggregate nominal value of INR 750,00,00,000 (Indian Rupees Seven Hundred and fifty Crores).
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11 The Scheme of Amalgamation ("Scheme") ofThr lvenl Pellets Private Limited ("TPPL" orthe "Transferor Company") with Brahman! River Pellets Private Umlt ed ("BRPl~ or the "Company"/"Tr ansferee Company") wu approved by the Reglonal Director, South Eastern Region, Hyderabad, vide Order dated April 25, 2026.The certified copy of the Order was received by the Company on May 2, 2026 and was duly filed with the Registrar of Companies on May 21, 2026. According ly, in terms of the Scheme, the Effective Date of the amalgamation is May 21, 2026. As provided In the Scheme, the Appointed Date of the amalgamation Is April 1, 2025. Accordingly, the amalgamatlon hu been accounted for from the Appointed Date and the financlal statements of BRPl have been prepared after giving effect to the Scheme from that date. Pursuant to the Scheme, the Company has Issued and allotted equity shares to the eligible shareholders ofTPPl i.e. Tata Steel limited and Lloyds Metals and Energy Limited In accordance with the approved share e,cchange ratio. Pursuant to the amalgamation, there will be no change In the shareholdin g percentage of Lloyds Met als and Energy limited In Brahmanl River Pellets Privat e limited (BRPl). 12 Additional Informa tion pursuant to Regulation 52(4) of Securities and Exchange Board of India (Listing obl ldatlon and Disclousre Requirements) Sr. No. Particula rs Quarter Ended (Unaudited) Year Ended /Audited\ 30-Jun-26 31-Mar-26 30-Jun-2S 31-Mar-26 1 Debt Equity Ratio 0.49 0.46 0.14 0.46 (Total Debt/Total Equity) 2 Debt Service Coverage ratio 1.15 0.48 1.38 1.35 (Earning before finance cost, depreciation and amortisat ion excluding other Income/Debt and lease /labilitles payble with in one year service) - Not Annualized except for the year ended 31 March 2026 3 Interest Service coverage ratio 19.74 24.51 53 .98 33,4B (Earning before finance cost, depreciation and amort lsotlon/Finance cost) - Not Annull zed e,ccept for the year ended 31 March 2026 4 Current Ratio 1.11 0.87 0.97 0.87 (Current Assets/Current Uabllitier) 5 long term debt to working capltal 10.66 (4.51) (11.75) (4.51) (Nan-current borrow ings+ current matur ities of long term borrow lngr)/(Current Asrets - Current liobilitles) 6 Bad debts to Accounts receivable ratio (Bad debt expense/Closing Trade Receivable) 7 Current liability ratio 0.49 0.71 0.82 0.71 (Current I/ob/fit/es/Total Liabilities) 8 Total Debt to asset ratio 0.27 0.27 0.09 0.27 (Total Debts/Total Assets) 9 Debtor s Turnover (No. of days) 5.97 3.87 13.77 5.18 (Average trade receivable/ Revenue /ram operations (multiplied by no. of days)) 10 Inventory Turno ver(no . of days) 30,53 32.33 50.98 31.68 (Average Inventory / Cost of goods sold (multiplied by no. of days) 11 Operating EBITA Marg in(%) 39.17% 32.86% 32.78% 33.01% (Earnings before Depreciation, Interest and Tax e,ccludlng other Income/ Revenue from operations) 12 Net Profit Margin( %) 27.72% 21.41% 26.34% 23.08% (Net profit after tax/ Revenue from operations) 13 Paid up equity share capital (Face value of Rs. 1/· each) (Rs. In Crores) 56.29 56.28 52.32 56.28 14 Other Equity excluding redemption reserve and capital redemption 13,240.16 11,725.04 6,885.04 11,725.04 reserves (Rs. In Crores) 15 Debenture Redemption Reserves (Rs. In Crores) 16 Capital Redemption Reserves (Rs. In Crores) 17 Share Application mone y pending 18 Outstanding redeemable Preference shares (in numbers) (including Issued by r ubsidlary companies) 19 Out standing redeemable preference shares (Rs. In Crores) 20 Networth (Rs. In Crores) 13,296.43 11,781.31 7,015.08 11,781.31
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13 The figures for the corresponding previous period have been regrouped/ reclassified wherever necessary, to make them comparable, 14 The results for the quarter ended 3oth June, 2026 are available on the website of BSE at www.bseindia.com, NSE at www.nselndia.com and on Company's website at www.lloyds,ln For and on behalf of the Board of Director ~ "" ' • ~. ~• ""n "•••• I}; ;;:":::__ S-4 "",. \. ~.r _aumbai: _r:--;_'~./ Managing Director ~ ~ DIN: 00028379 0/~ , 0 ,";,:,y Date: 10th August, 2026 ' · / J ; , , --.. ...... . Place: Mumbai
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T odarwal & T odarwal LLP Chartered Accountants Independent Auditors' Review Report on the Unaudited Consolidated Financial Results for the Quarter ended June 30, 2026 of the Companv Pursuant to the Regulation 33 of the SEBl (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review report to, The Board of Directors Lloyds Metals and Energy Limited Plot No A 1-2, MIDC Area, Ghugus , Chandrapur MH 442505 . Dear Sirs, Re: Limited Review Report of the Unaudited Consolidated Financial Results for the quarter ended 30th June, 2026 and year to date from pt April, 2026 to 30th June, 2026. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Lloyds Metals and Energy Limited (the "Holding Company") and its subsidiary (the Holding Company and its subsidiary together referred to as the "Group") and its share of the net profit after tax and total comprehensive income of its associates for the quarter ended June 30, 2026 , (the "Statement") attached herewith , being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations , 2015, as amended (the "Listing Regulations") read with SEBI Circular No. CIR/CFD /CMDl/44 /2019 dated March 29, 2019 (the "Circular") . This Statement , which is the responsibility of the Holding Company's Management and approved by the Holding Company's Board of Directors in its meeting held on August l 0, 2026 , has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 (Ind AS 34") "Interim Financial Reporting" prescribed under Section 133 of the Companies Act 2013 (the "Act") as amended , read with relevant rules issued thereunder , the circulars, guidelines and directions issued by the Reserve Bank ofindia ("RBI") from time to time and other accounting principles generally accepted in India and in compliance with regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. onducted our review of the Statement in accordance with the Standard on Review nt (SRE) 2410, "Revievv of Interim Financial Information pe1formed by the er Bhavan No. 3., pc Floor, 21 New Marine Lines, Mumbai-400 020. INDIA. -22-22083115 / 22068264 I todarwal@todarwal.com I www.todarwal.com ICAI Regn.: W100231 [ LLP Regn: AAJ-9964
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T odarwal & T odarwal LLP Charte red Accoun tants Independent Auditor of the Entity," issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free from material misstatement. A review of interim financial information consists of making inquiries , primarily of perso1mel responsible for financial and accounting matters , and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly , we do not express an audit opm1on. Based on our review conducted as above , nothing has come to our attention that causes us to believe that the accompanying statement of Unaudited Financial Results prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards (Ind AS) specified under Section 133 of the Companies Act, 2013 as amended , read with relevant rules issued thereunder and other recognized accounting principles generally accepted in India , has not disclosed the information required to be disclosed in terms of the Regulation 33 of the Listing Regulations , including the manner in which it is to be disclosed , or that it contains any material misstatement. Emphasis of Matter We draw attention to following paragraph included in the Limited review report of Thriveni Sainik Mining Private Limited (TSMPL) , a step subsidiary of the Company , issued by another auditor vide their report dated 12-07-2026 : "Attention is invited to the Trade Receivables to the Unaudited Standalone financial statemei1ts amounting to Rs. 534.48 Crores which includes ' Other receivables ' of Rs 307 .34 Crores (as at 31st March 2026 Rs. 292.28 Crores) on account of HPC wages reimbursement recoverable · from its customer 'NTPC' . The Company had earlier obtained a favourable adjudication order dated November 23, 2021 , granting reimbursement of HPC wages. However , NTPC filed an application before the Arbitral Tribunal. Subsequently , on mutual consent , both parties withdrew arbitration proceedings to take up the matter before the Conciliation Committee of Independent Experts (CCIE). Eight conciliation meetings were held, and the committee , via its communication dated April 15, 2024, proposed NTPC to reimburse the Company for the period already elapsed , along with suitable adjustments for future payments. However , NTPC did not accept the proposal in the meeting held on June 14, 2024 , leading to termination of the conciliation process. er Bhavan No. 3., pc Floor, 21 New Marine Lines, Murnbai-400 020. INDIA -;-~ :~Vi ,22,22083115 / 220682641 todarwal@todarwal.com I www.todarwal.com ICAI Regn .: Wl00231 I LLP Regn: AAJ,9964
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T odarwal & T odarwal LLP Chartered Accountants Thereafter , the Compan y filed a civil suit before the Hon'ble Delhi High Court seeking reimbursement of the differential HPC wages paid till date and for future payments. The management believes that the claim will be decided in favour of the Company. The opinion given by the other auditor is not modified in respect of this matter. Other Matters: 1. This Statement includes the results of the following : Name of Subsidiaries: a. Lloyds Steel Private Limited (Formerly known as "Lloyds Logistics Private Limited") b. Thriveni Earthmovers and Infra Pvt Ltd c. Lloyds Global Resources FZCO (LGRF) d. Lloyds Infinite Foundation e. Lloyds Ferra Forge Global Pvt Ltd Name of Associates: a. Brahmani River Pellets Private Limited (Formerly known as "Brahmani River Pellets Limited ") b. LT Gondwana Skill Hub Private Limited Name of Step-Down Subsidiaries: 1. Thriveni Transport and Logistics Private Limited 2. Maa Tarani Logistics Limited 3. Thriveni Sainik Mining Private Limited 4. Tlu·iveni Resomin Pte Limited , Singapore 5. Thriveni International Limited , Dubai 6. Mangampet Barytes Project 7. KJS Pellets & Power Private Limited 8. Thriveni Sainik PBNW Private Limited 9. Thriveni Logistics Services LLP 10. Virtus Lloyds Minerals Holding 11. Nexus Holdco FZCO 12. LGRF South Africa (PTY) Ltd 13. TP Phoenix (PTY)Ltd 14. Virtus Lloyds Resources FZCO 15. Thriveni Earthmovers and Infra Ltd-PNG 16. Chemaf Group Limited , ISLE of MAN 17. Surya Mines SARL 18. Chemaf Resources Limited ~------ Horizon Capital Limited f Gi:ia %;::~::A:~c:.~:,· :::::, 8 : ew Marffie Lines, MumbID - 400 020 . INDIA i if:~ 1 9Y-;_,~1.~ 22083115 / 22068264 I todarwal@todarwal.com I www.todarwal.com -,e; ~Q, 0J. * c\~?.' ICAI Regn.: Wl00231 I LLP Regn: AAJ ~9964
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T odarwal & T odarwal LLP Chartered Accountants 2 l . Yams Mining SARL 22. World Resources SARL 23. Universal Mining SARL 24. Progress Mining SARL 25. Muya Resources SARL 26. HK Center Mining SARL 27. Evolution Mining SARL 28. Chance Mining SARL 29. PT Thriveni Indonesia 30. Maloba Infra and Mining SAS 31 . Thriveni Infra and Mining SARL 32. PT Tlu·iveni Resomin Indonesia 33. PT Energi Dua Rajawali 34. PT Tambang Nusantara Perdana 35. PT Minemix , Indonesia 36. PT Karyabakti Project 3 7. PT Indo Borneo Asia International 38. PT Tlu·iveni Indo Mining Indonesia 39. Cloudcruze Aviation Services IFSC Pvt Ltd 40. Tlu·iveni Resomin Australia Pty Limited 2. "The Consolidated Financial Results include the unaudited interim financial statements and other financial information of five subsidiaries : Lloyds Steel Private Ltd (Formerly known as "Lloyds Logistics Private Limited "), Thriveni Earthmovers and Infra Pvt Ltd, Lloyds Global Resources FZCO, Lloyds Infinite Foundation and Lloyds Ferra Forge Global Private Limited which have been audited by other auditors. While Lloyds Steel Private Ltd and Lloyds Ferra Forge Global Private Limited reported no revenue from operation , Thriveni Earthmovers and Infra Pvt Ltd, Lloyds Global Resources FZCO and Lloyds Infinite Foundation generated Rs. 1331.21 crores, Rs. 88.30 crores and Rs. 90.53 crores respectively. The net profit/(loss) after tax for the quaiter ended 30th June , 2026 was Rs. (0.06) crores , Rs. 323.97 crores, Rs. (23.16) crores, Rs. 51.12 crores, and Rs. 0.00* respectively." *The amount of Loss is Rs. 31 ,738 3. Additionally , the Statement includes the Group ' s share of net profit/(loss) after tax of Rs. 24.17 crores and Rs. 0.26 crores for its associates , Brahmani River Pellets Private Ltd ai1d LT Gondwana Skill Hub Pvt Ltd, which reported respectively . Our assessment is based on independent audit report or, where unavailable , on financial statements certified by management. ea avan No. 3., pt Floor, 21 New Marine Lines, Mumbai-400 020. INDIA. -e, , - 2083115 / 22068264 I todarwal@todarwal.com I www.todarwal.com ICAI Regn .: W100231 j LLP Regn : AAJ-9964
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T odarwal & T odarwal LLP Chartered Accountants 4. We have not audited the step-down subsidiaries included in these consolidated results. Instead , our assessment is based on independent audit reports or, where unavailable , on financial statements certified by management. 5. These unaudited interim Financial Statements have been furnished to us by the Management and our opinion on the Consolidated Financial Results , in so far as it relates to the amounts and disclosures included in respect of the Subsidiary is based solely on such unaudited interim Financial Statements. Based on our review conducted and procedures performed as stated in paragraph 3 above, and based on the consideration of the reports of the other auditors referred to in paragraph 5 above, nothing has come to our attention that causes us to believe that the accompanying Statement of unaudited financial results , prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standard specified under Section 133 of the Companies Act, 2013 , as amended , read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Regulation , read with the Circular , including the manner in which it is to be disclosed , or that it contains any material misstatement. Our opinion on the Consolidated Financial Results is not modified in respect of the above matters with respect to our reliance on the work done and the Financial Results /financial information ce11ified by the Management and reviewed by the respective auditors. For Todarwal & Todarwal LLP Chartered Accountants ICAI Firm Reg No. - 0~ 00231 &. Sunil Todarwal Partner M. No.: 032512 egn. 100 o w100 o\} UDIN: 26032512ZGAWCV4892 Date: 10th August, 2026 Place: Mumbai 112, Maker Bhavan No. 3., pt Floor, 21 New Marine Lines, Mumbai-400 020. INDIA Tel: +91,22,22083115 / 22068264 J todarwal@todarwal.com I www.todarwal.com ICAI Regn.: W100231 j LLP Regn: AAJ ,9964
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LLOYDS METALS AND ENERGY LIMITED Regd. Office: Plot No A 1·2, MIDC Area, Ghu11us, Dist, Chondropur, Mohoroshtro • ◄ 42 505 CIN·: L40300MH1977PLC019594 Webslte:www .lloyds.tn UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED 30th JUNE, 2026 '. ,,, ., .. -;, •.•· .. l'·• sr. , ,Ncit 11 Particulars ': ~ .. . ·- 1 Income (a) Revenue from Operations t) Gross Sales/ Income from operation ii) Other operat ing revenues (b) Other Income Total Income 2 Expenses (a) Cost of Materials Consumed (b) Purchase of traded goods (c) Change In Inventories of Finished Goods, WIP and Stock-In-Trade 3 4 5 6 7 8 9 10 11 12 13 (d) Employees Benefit Expenses (e) Finance Costs (f) Depreciation (g) Mining, Royalty and Freight Expenses (h) Other Exoenses Total Expenses Profit before share of profit of associates & tox(1 • 2) Shore of proflt/(loss) of associates Profit before tax(3+4) Tax Expense a) Current Tax bl Deferred Tax Profit after tax (5 - 6) Profit after tax attributable to: a) Shareholders of the Company b) Non-controlling Interests Other Comprehensive Income (a) (I) Item that will not be reclassified to profit or loss (ii) Income tax effect on above (b) (i) Item that will be reclassified to profit or loss (ii) Income tax effect on above Total Comprehensive Income (7 + 9) Total Comprehensive Income attributable to: a) Shareholders of the Company b) Non-controlling Interests Paid Up Equity Share Capital (Face Value of Re. 1 /•each) Other Equity Earnings per Share (not annualised for the quarter) Basic • In Rs Diluted • In Rs Date : 10th August, 2026 Place: Mumbai Quarter ended JO, Jun-26 31-Mar-26 30-Jun-25 r(Unauillted) /Audited) IUnaudltedl 7,288.61 5,995.37 2,377.03 65.79 24.35 6.49 128.32 11 .21 27.57 7,482 .72 6,030.93 2,411 .09 1,247.42 855.07 199.55 7.57 10.51 61 .56 (3.32) (492. 72) (67.28) 399. 99 449.77 63.79 275.53 167.56 14.63 261 .52 224.35 31 .37 2,267.30 1,845.79 1,209.21 653.98 806.00 110.97 5,109.99 3,866.33 1,623.80 2,372.73 2,164 .60 787.29 32.65 22.56 2,405 .38 2,187.16 787.29 (475. 79) (505.08) (84.68) (195.70) (151.98) (50.75) 1,733.89 1,530 . 10 651 .86 1,726.59 1,419.50 651 .86 7.30 110.60 (0.39) 13.42 (0.17) 0.14 (3.01) (21.25) 71 .76 1,712.39 1,612.27 651.69 1,710 .38 1,485.41 651.69 2.01 126.86 56.28 56.28 52.32 15,467.90 13,814.61 6,962.77 30.68 26.77 12.46 30.38 25.79 11.59 1,. 1n Cr) Year ended 31-Mar-26 -,Audited) 16,822.43 290.24 193.73 17,306.40 2,167.40 370. 90 (719.65) 1,292.92 510.36 607.16 5,910.86 1,950.08 12,090.03 5,216.37 20.61 5,236.98 (1,224.94) (183.40) 3,828.64 3,680.85 147.79 12.90 (3.01) 77.99 3,916.52 3,751.22 165.30 56.28 13,814.61 69.42 66.87
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I LLOYDS METALS AND ENERGY LIMITED Re11d. Office : Plot No A 1 ·2, MIDC Area, Ghu11us, Dist. Chandrapur, Maharashtra· 442 505 CIN• : L40300MH1977PLC019594 Webslte:www.lloyds .ln Unaudited Consolidated Se11mentwlse Information for the Quarter ended 30th June, 2026 " · '" Crl ,,-;Ii , Quarter ended Yean ended Sr. Particulars ', 31-Mar-26 '1.No. ,, 30-Jun-26 I ,_ 30-Jun-25 31-Mar-26 :0 ~·".:t' .. if' ·,,~, • ~ (Unaudited) (Audited) (Unaudited) (Audited) 1 Se11ment Revenue a) Mining 3,502.60 3,842.30 2, 134,66 10,149.68 b) Steel and related value added products 2,269.25 1,377.89 316.80 4,438.34 c) MDO Operation and other related services 2,762.40 2,523.91 6,302.79 d) Copper and related product 444.32 Total Se11mental Revenue 8,978.57 7,744 .10 2,451 .46 20,890 .81 Less: Inter Seoment Revenue 1,624.17 1,724.38 67.94 3,778.14 Net Sales / Income from Operations 7,354.40 6,019.72 2,383.52 17,112 .67 2 Se11ment Results (Profit before Finance Costs and Tax) a) Mining 1,205.23 1,084.69 745.42 2,930.75 b) Steel and rela ted value added products 816.15 430,38 28.93 1,342.67 c) MDO Operation and other related services 581.68 815.14 1,268.84 d) Copper and related product (83.12) (9.26) (9.26) Total Segment Result 2, 519.94 2,320 .95 774.35 5,533.00 Less: I) Finance Cost (Net of other Income) 147.21 156.35 (12.94) 316.63 Add: I) Share of proflt/(loss) of associates 32.65 22.56 20.61 Profit I (Loss) before Tax 2,405.38 2,187 , 16 787.29 5,236.98 3 Se11ment Assets a) Mining 3,415.93 2,698.14 573.33 2,698.14 b) Steel and related value added products (Including CWIP) 15,905.54 13,135.40 8,600.15 13,135.40 c) MDO Operation and other related services 7,651.39 7,232.80 7,232.80 d) Copper and related product 14,660.87 14,323.16 14,323.16 e) Unallocated 4,601.89 4,260.37 2,622.49 4,260.37 Total Assets 46,235 .62 41 ,649.87 11,795 .97 41,649 .87 4 Se11ment Llabllltles a) Mining 2,356.70 1,612.30 916.72 1,612.30 b) Steel and related value added products (Including CWIP) 1,065.98 977. 96 985.91 977.96 c) MOO Operation and other relat ed services 7,517.25 6,908.02 6,908.02 d) Copper and related product 12,465.28 11,884.94 11 ,884.94 e) Unallocated 6,888.92 6,000.60 2,809, 95 6,000.60 Total Liabilities 30,294.14 27,383.82 4,712.58 27,383.82
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Notes The Statement of Un;iudlted Consolldated Flnanclal Results ("the statement•) of Lloyds Metals And Ener,v Limited (the •parent• or the •comp;iny•) and Its subsidiaries (the parent and Its subsidiaries together referred to as •the Group") for the Qu;irter ended on 30th June, 2026 h;ive been approved by the 8oo1rd of Directors at the meeting held on 10th Auaust, 2026. These Consolidated Fln;inclal Results have been prepared In accordance with the recognlllon and measurement pr!nclptes laid down In Ind AS 34 Interim Financial Reponlng prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules Issued thereunder and the other accounting prlnclples generally accepted In India, AJ per Ind AS 108-Oper.itlng Segments, the Company has four reportable Oper.itlng Segments namely •Mlnln1 of Iron Ore", "Steel .ind rel.ited value .added products•, •Moo Operation .ind related services• and •copper .ind related products". The financial Information for these segments have been provided In Consolidated Financial Results as per Ind AS 108-Operating Segments, The Statutory Auditors of the Company have conducted llmlted review of the fln;inclal result for the quarter ended 30th June 2026. An unqual!rled report has been Issued by them thereon, Details or Employee Stock Option for the auarter and Year ended 30th June 2026 are as follows llovds Metals and Enerw limited Emalovee Stock Oatlon Plan 2017 and 2024 Number or ootlons outstandln11 at the be11lnnln11 of the oerlod Aorll l 2026 I 57,52,391 Number of ootlons exerctsable at the be11lnnln11 of the period Al'ltil 1, 2026 I 1,84,264 Number of options Granted durlnlt' the period 12,20,038 Number of options Vested durinR" the cierlod 4,15,279 Number of oo11ons Lacsed durlnR' the oerlod 85,013 Number of ootlons Exercised durln11 the oerlod 32,24S Number of ootlons outstandln11 at the end of the oerlod June 30, 2026 67,66,112 Number of ootlons exerclsabte at the end of the period June 30, 2026 2,73,323 Through a series of warrant conversions spanning from December 2025 to March 2026, the Company has allotted a cumulative total of 3,36,9S,000 Equity Shares of face value Re, 1/- each, fully paid-up, to Promoter s and Non-Promoters . These allotments resulted from the warrant holders exercising their options to convert an equivalent number of warrants Into equity shares across three distinct tranches : 1,52,68,9SO shares on 31st December, 2025; 8,05,500 shares on 3rd February, 2026; and 1,76,20,S50 sh.ires on 13th March, 2026. In aggregate, the Company has received Rs. 16,20,72,95,000 (Rupees One Thousand She Hundred Twenty Crore Seventy-Two Lakh Ninety-Five Thousand only) as the balance exercise price, calculated at a rate or Rs. 481 per Equity Share for all conversions. On 30th January, 2026, the company has Issued 60,000 {Sixty Thousand) senior, secured, listed, rated, redeemable, non-convertible debentures (" Debentures") through a private placement. Each debenture has a face value of INR 1,00,000, (lndlan rupees one lakh), totallng an aggregate nomlnal value of INR 600,00,00,000 (lndlan Rupees Six Hundred Crores). This Issuance conshted of a base Issue size of INR 300,00,00,000 (Indian Rupees Three Hundred Crores) and a green shoe option of INR 300,00,00,000 (Indian Rupees Three Hundred Crores). which has been fully subscribed. During FY 2024-25, the Company has Issued 1, 75,00,000 Equity Shares of face value of Rs. 1 each at Rs. 696 per equity share through Qualified lnstltutlonal Placement (''QIP"). The details of utlllsatlon of QIP proceeds of Rs. 1,218.00 crores Is as follows: Sr. No. Object of the Issue of Placement Documents Amount as Quarter ending 30th June Vear ending 31st March 2026 proposed In 2026 the offer Amount Unutlllsed Amount Utilised Unutillsed Document Utilised Amount Amount 1 Setting up a 4 MTPA Pellet plant at Konsarl, 916.13 916,13 916.13 Maharashtra 2 General Corporate Purposes 285.55 285.BB 285,55 3 Issue related expenses 16.32 15.99 15.99 0,33• Total 1218.00 1218.00 1217.67 0.33 • Unutllised amount wa s lying In ICICI Bank account which Is presented under cash and cash equlvalents in flnanclal statement as at 31st March 2026. During FY 2024-25 the Company Issued preferential convertible warrants and, in FY 2025-26, allotted equity shares upon conversion of those warrants. The e11:ercise raised gross proceeds of Rs. 2,722.83 crores. The details of utlllsatlon or preferntlal convertible warrants of Rs. 2,722.83 crores Is as follows : Sr. No. Object oft he Issue of Placement Documents Amount Quarter ending 30th June Year ending 31st March 2026 allocated 2026 Amount Unutilised Amount Utillsed Unutilised Utl/lsed Amount Amount 1 Funding of capital expenditure for expansion of ORI 714.74 391.39 383.81 Plant and power plant at Ghu11:us, Chandrapur. 2 Funding of capltal expenditure for expansion of 1327.38 1379.63 211.12• l0il.43 636.90· pellet capacity by setting up an additional lX 4 MTPA 3 General Corporate Purposes 680.71 680.69 680.69 Total 2722,83 2451.71 271.12 2085.93 636.9 • Unutlllsed amount was lylng In HDFC Bank Rs. 271.12 crores {As at 31 March 2026: 166.71 crores) account which Is presented under cash and cash equlvalents and remaining amount shown as current financial assets Rs. Nil (As at 31 March 2026 : 470.19 crores) In the rtnanclal statements. 10 On Bth May, 2026, the company has Issued 7S,000 (Seventy Five Thousand} senior, unsecured, listed, rated, redeemable, non-convertible debenture s ("Debentures") through a private placement. Each debenture has a face value of INR 1,00,000, (Indian rupees one lakh), totaling an aggre11:ate nomlnal value of INR 750,00,00,000 {Indian Rupees Seven Hundred and fifty Crores). 11 The Scheme of Amalgamation ("Scheme") of Thrlvenl Pellets Private Limited ("TPPL" or the "Transferor Company") with Brahman! River Pellets Private Limited ("BRPL" or the "Company~/" TransfEiree Company") was approved by the Aeglonal Director, South Eastern Region, Hyderabad, vide Order dated April 25, 2026.The certified copy of the Order was received by the Company on May 2, 2026 and was duly flled with the Registrar of Companies on May 21, 2026. Accordln&:IY, In terms of the Scheme, the Effective Date of the amal11:amatlon is May 21, 2026. As provided In the Scheme, the Appointed Date of the amalgamation is April 1, 2025. Accordingly, the amalgamation has been accounted for from the Appointed Date and the financlal statements of BRPL have been prepared after giving effect to the Scheme from that date. Pursuant to the Scheme, the Company has Issued and allotted equity shares to the ellglble shareholders of TPPL I.e. Tata Steel Limited and Llo yds Metals and Energy llmlted . In accordance with the approved share exchange ratio . Pursuant to the amalgamation, there wlll be no change In the shareholding percentage of Lloyds Metals and Energy Limited In Brahman! River Pellets Private limited (BRPL).
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12 Addlllonal Informa tion pursuant to Regulation 52{4) of Securities and Exchange Board of India (Listing oblidatlon and Disclousre Requirements) Quut er Ended Year Ended Sr. No. P1rtlcular1 3D•Jun•26 31-Mar-26 3D-Jun-25 31•Mar-26 (Un1udlted) (Audited) (Unaudited) (Audited) I Debt Equity Ratio 1.33 1.43 0.14 1.43 (Total Debt/Total Equity} 2 Debt Service Coverage ratio 0.56 0.39 1.38 0.94 (£amino before f inance cost, depreciation and amortisation excfudlno other Income/Debt and lease I/ob/flt/es payble within one year strvlce) • Not Annual/zed except for the year ended 31 Morch 2026 3 Interest Service coverage r1tio 9.73 14.05 53.98 11.26 (Earning before finance cast, depreciation and omortlsotlon/Flnonce case} • Not Annuflzed except for the year ended 31 March 2026 4 Current Ratio 0.84 0.81 0.97 0.81 (Cummt Assets/Current Llablfltles} s Long term debt to wokrlng capltal (10.16) (6.09) 111,75) (6.09) (Nan-current borrowings+ current maturities of long term barrowlnos}/{Current Asst ts . Currtnt /labllitlts) 6 Bad debts to Accounts receivable ratio o.oo {Bad debt expenst/ Closing Trade Receivable) 7 Current llabllity ratio 0.40 0,44 0.82 0.44 {Current 1/obllltfes/ Total Llab/llrfes) 8 Total Debt to asset ratio 0,46 0.49 0.09 0.49 (Total Debu/Total Assets) 9 Debtors Turnover (No. of days) 11.41 16.12 13.77 17,62 (Average trade recelvab/e I Revtnue from operations (multlplled by no. of days)) 10 Inventory Turnover(no . of days) 45.60 214.43 50.98 222.33 (Average Inventory I Cost of goads said (mu/tip/led by no. of days) II Operating EBITA Margin( %) 38.26% 42.84% 32.78% 37.13% (Earnings before Depreciation, Interest and Tax/ Revenue from operations) 12 Net Profit Margin(%) 23.17% 25.42% 26.34% 22.37% (Net profit ofter tax I Revenue from operations) 13 Paid up equity share capltal (Face value of Rs. 1/· each) (Rs. In Crores) 56.28 56.28 S2,32 56.28 14 Other Equity excluding redemption reserve and capital redemption reserves (Rs. In Crores) 15,423.44 13,730.32 6,885.04 13,730.32 IS Debentur e Redemption Reserves (Rs. In Crores) 6.50 6.50 6.50 16 Capital Redemption Reserves (Rs. In Crores) 77.79 77.79 77.79 17 Share Appllcatlon money pending 18 Outstandi ng redeemable Preference shares (In numbers) 13,77,22,724 21,57,22,274 21,S7,22,274 (Including Issued by subsidiary companies) 19 Outstanding redeemable preference shares (Rs. In Crores) 1,377.23 2,157.22 2,157.22 20 Networth (Rs. In Crores) 15,941.59 14,266.05 7,015.08 14,266.0 5 13 The figures for the corresponding previous period have been regrouped/ reclasslned wherever necessary, to make them comparable. 14 The results for the quarter ended 30th June, 2026 are available on th e website of BSE at www.bselndla.co m, NSE at www.nselndla.com and on Company's website at www.lloyds .ln For and on behalf of the Board or Direct ors of Date: 10th August, 2026 Place: Mumbai
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T odarwal &:, T odarwal LLP Chartered Accountants To, National Stock Exchange of India Limited Sandra (East) Exchange Plaza,Sth Floor Plot No.C/1, G Block Sandra - Kurla Complex Mumbai - 400 051. BSE Limited Wholesal e Debt Market Segment Phiro ze Jeeje ebhoy Towers , Dalal Street, Mumbai - 400 001 Security Cover Certificate Dear Sir/ Madam, In terms of Regulation 54 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirem ents) Regulations, 2015, as amended, read with SEBI Circular No. SEBI/HO/MIRSD/MIRSD_CRADT/CIR/P/2022/67 dated May 19, 2022, and SEBI Circular No. SEBI/HO/DDHS-PoD3/P/CIR/2024/46 dated May 16, 2024 (hereinafter collectively referred to as "the Regulations"), we are enclosing herewith th e Security Cover Certificate issued by us, the Statutory Auditors of Lloyds Metals and Energy Limited (hereinafter referred to as "the Company"), for securing the listed non-convertible debt securities of the Company , for th e quart er ended 30th June 2026. Please take the same on record. For Todarwal and Todarwal LLP Chartered Accountants Sunil Todarwal Partner Membership No.: 032512 Place: Mumbai UDIN:26032512AFKVBB1012 Date: 10th August, 2026 [_ 112, Mak er Bhavan No. 3., l't Floor , 21 New Marin e Lines, Mumbai - 400 020. [NDIA. Tel: +91-22-22083115 / 22068264 JtoclarwaJ@toclar wal.com I www. toclarwal.co m lCAl Regn.: Wl00 231 J LLP Regn: AAJ-9964
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T odarwal & T odarwal LLP Chartered Accountants To, The Board of Directors Lloyds Metals and Energy Limited Plot No. A 1-2, MIDC Area, Ghugus, District Chandrapur, Maharashtra - 442505 Subject: Independent Auditor's Certificate on Security Cover of Lloyds Metals and Energy Limited pursuant to Regulation 54 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), read with SEBI Circular No. SEBI/HO/MIRSD/MIRSD_CRADT/CIR/P/2022/67 dated May 19, 2022 and SEBI Circular No. SEBI/HO/DDHS-PoD3/P/CIR/2024/46 dated May 16, 2024, for the quarter ended 30 June 2026 Date : 10th August 2026 Dear Sirs, 1. We, Todarwal And Todarwal LLP , Chartered Accountants , are the Statutory Auditors of Lloyds Metals and Energy Limited (hereinafter referred to as "the Company") and have been requested by the Company to examine the accompanying Statement of Security Cover as at 30th June 2026 (hereinafter referred to as "the Statement"), which has been prepared by the Company from its reviewed/unaudited standalone financial statements and other relevant records and documents maintained by the Company as at and for the quarter ended 30th June 2026, pursuant to the requirements of Regulation 54 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 201 5, as amended ("SEBI LODR Regulations"), read with SEBI Circular No. SEBI/HO/MIRSD/MIRSD_CRADT/CIR/P/2022/67 dated May 19, 2022, and SEBI Circular No. SEBI/HO/DDHS-PoO3/P/CIR/2024/46 dated May 16, 2024 (hereinafter collectively referred to as "the Regulations"). The Statement has been initialled by us for identification purposes only. 2. This certificate is required by the Company for submission to the Stock Exchange(s) and Axis trustee services limited (hereinafter referred to as "the Debenture Trustee") to ensure compliance with the Regulations in respect of its listed non-convertible debt securities as at 30th June 2026 ("Debentures"). The Company has entered into Debenture Trust Deed(s) with the Debenture Trustee in respect of such Debentures, as indicated in the Statement. 3. The above Statement pertains to 9.2% PAPQ Senior, Secured, Listed, Rated, Redeemable, Transferable, Non-Convertible Debentures of face value of INR 1,00,000 (Rupees One Lakh) per Debentures each aggregating INR 600 Crores ("NCO") issued by the Company. Management's Responsibility 4. The preparation of the Statement, including the preparation and maintenance of all accounting and other relevant supporting records and documents, is the responsibility of the Management of the Company. This responsibility includes the design, implementation and maintenance of internal controls relevant to the preparation and presentation of the Statement, and applying an appropriate basis of preparation; and making estimates that are reasonable in the circumstances. 5. The Management is also responsible for ensuring compliance with the requirements of the SEBI LODR Regulations, SEBI Circulars, the Companies Act, 2013 and other applicable laws for the purpose of furnishing the Statement and for providing all relevant information to the Debenture Trustee, including, amongst others, • • • curity Cover as per the Debenture Trust Deed in respect of the NCO. 2, Mak er Bhavan No. 3., !5' Floor, 21 New Marine Lines, Mumbai - 400 020. INDIA. : +91-22-22083115 / 22068264 Jtoclarwal@toclarwal.com I www .toclarwal.com ICAI Regn.: Wl00 231 I LLP Regn: AAJ -9964
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T odarwal & T odarwal LLP Chartered Accountants 6 The Management is also responsible for ensuring that the Security Cover Ratio as on 30th June 2026 is in compliance with the minimum asset cover requirement of one hundred percent (100%) as per the Regulations and/or as specified in the Debenture Trust Deed, as the case may be. Auditor's Responsibility 7. Our responsibility, for the purpose of this certificate, is to provide limited assurance on whether the particulars contained in the Statement are arithmetically accurate and are in agreement with the reviewed/unaudited standalone financial statements, underlying books of accounts and other relevant records and documents maintained by the Company as at and for the quarter ended 30 June 2026, and to certify that the Security Cover Ratio maintained by the Company is not less than one hundred percent (100%) of the outstanding principal amount of the Debentures, or such higher percentage as specified in the Debenture Trust Deed. 8. We have reviewed the standalone Financial Results of the Company for the quarter ended 30 June 2026 prepared pursuant to the requirements of Regulation 52 of the SEBI LODR Regulations, 2015, as amended, and issued an unmodified conclusion dated 10th August 2026. Our review was conducted in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India ("ICAI"). 9. We conducted our examination of the Statement in accordance with the "Guidance Note on Reports or Certificates for Special Purposes (Revised 2016)" issued by the ICAI. The Guidance Note requires that we comply with the ethical requirements of the Code of Ethics issued by the ICAI. 10. We have complied with the relevant applicable requirements of the Standard on Quality Management (SQM) 1, "Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements". 11 . Our scope of work did not involve us performing audit procedures for the purpose of expressing an opinion on the fairness or accuracy of the financial information or the financial results of the Company taken as a whole. We have not performed an audit and accordingly do not express an audit opinion. 12. A limited assurance engagement involves making inquiries, primarily of the Company's personnel responsible for financial and accounting matters, and applying analytical and other review procedures. The procedures performed vary in nature and timing from, and are less in extent than for, a reasonable assurance engagement Consequently, the level of assurance obtained is substantially lower than the assurance that would have been obtained had a reasonable assurance engagement been performed. 13. Accordingly, we have performed the following procedures in relation to the Statement: (a) Obtained and read the Debenture Trust Deed and the Information Memorandum in respect of the Debentures and noted the Security Cover percentage required to be maintained by the Company, as indicated in Annexure I of the Statement; (b) Traced and agreed the principal amount of the Debentures outstanding as on 30 June 2026 to the reviewed/unaudited standalone financial statements of the Company and the underlying books of account maintained by the Company as at 30 June 2026; (c) Obtained and read the particulars of Security Cover required to be provided in respect of the Debentures as indicated in the Debenture Trust Deed and the Information Memorandum; (d) Traced the value of assets indicated in Annexure I of the Statement to the reviewed/unaudited standalone financial statements of the Company and the underlying books of account maintained by the Company as on 30 June 2026; (e) Obtained the list of charges created in the Register of Charges maintained by the Company and in Form No. CHG-9 filed with the Ministry of Corporate Affairs, and traced the value of charges created against assets to the Security Cover statement; (f) Obtained and verified the list and valuation of assets over which a pari passu charge/lien has been created to secure these Debentures as well as other existing loan facilities. We confirm that these assets ..--~..._ included in the calculation of Security Cover for the Debentures under the Pari-Passu section, and , Maker Bhav,m No. 3., 1st Floor, 21 New Marin e lin es, Mumb ai - 400 020. INDIA. l-22-2208 3115 I 22068264 I toclarwal @toclarw al.com I www.toclarw al.com ICAI Regn.: Wl002 31 I LLP Regn: MJ -9964
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T odarwal & T odarwal LLP Chartered Accountants that the total outstanding debt sharing this charge has been duly considered in determining the effective cover ratio; and (g) Examined and verified the arithmetical accuracy of the computation of Security Cover indicated in Annexure I of the Statement. We have no responsibility to update this certificate for events and circumstances occurring after the date of this certificate. Conclusion 14. Based on the procedures performed by us, as referred to in paragraph 13 above, and according to the information and explanations received and Management representations obtained, nothing has come to our attention that causes us to believe that: (a) the Company has not maintained the required Security Cover of one hundred percent (100%) or such higher Security Cover as per the terms of the Information Memorandum and Debenture Trust Deed as at 30 June 2026; and (b) the financial information as stated in the Security Cover Certificate as at 30 June 2026, extracted from the reviewed/unaudited standalone financial results of the Company for the quarter ended 30 June 2026, is not arithmetically accurate. Restriction on Use 15. This certificate has been issued at the request of the Company, solely in connection with the purpose mentioned in paragraphs 2 and 3 above, and for submission to the Stock Exchange(s) and the Debenture Trustee together with the accompanying Statement. It should not be used by any other person or for any other purpose. Accordingly, we do not accept or assume any liability or any duty of care for any other purpose or to any other person to whom this certificate is shown or into whose hands it may come without our prior written consent. We have no responsibility to update this certificate for events and circumstances occurring after the date of this certificate. For Todarwal and Todarwal LLP Chartered Accountants Sunil Todarwal Partner Membership No.: 032512 Place: Mumbai UDIN:26032512AFKVBB1012 Date: 10th August, 2026 Annexure I: Statement of Security Coverage ratio as on 30th June, 2026 112, Mak er Bhavan No. 3., 1st Floor, 21 New Marin e Lines, Mumbai - 400 020. [ND[A. Tel: +91-22-22083115 / 22068264 Jtoclarwal @toclarwal.com I www.toclarwal.com [CAI Regn.: Wl00231 J LLP Regn: AAJ-9964
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eounnci I Cojymno t i II ASSETS Property, Pla:it & ECLipment and capit!I Worl:.-in Progress RiJd,t of Use >.sseu Goodwill lntam::ible A.Gets 1ntani;:ible ASiets u"lder Development Investments Loans Inventories Trade ReceiVlbles cash and cas:h Eciu vale1ts Bank Balances other th.an Cash and Cash Eo.Ji\.alenti Others Total UABUJTIES ! i' t ! J ~ { i. ,tj -;! ~ ~~~---r--~,._ ! l 1 ' ; .:.1' ~ 1· MOV3ble Fil.~ <lSsets at Pel et plant rw il~r 1 at Konuri, Gac.ct:iroli Ois-.rlct In Matur a:;.htra Debt securitl-!S to whict , this cert flCate pernins (lndu d ng Mon- Convertit: e . accrued interest} Oeb-entures Other debt sltarinst pati-passc cha rite with abcve debt Other Debt SUbor~Jnatec debt Sorrowln s Not to be l'B~,n~,=~------------t--------1 filed OebtSecuritl~ Others Trade payabl~s LeaseLiabilites Provisions Others Total C.Over on M.t(et\i.ilar. •· '. Exdusiw Security Cover Ratio Notti : 1 . Arr cunts are in l~R crores . ' - Yes . I . I . I • I Pan-faSSL SecurityD1oer Ratio. 2. Since mar:etva ue ,;;I such assets ar~ not readily available, the value di:;clcsed in colourrn Oare the book value. 3. The comp:my Is cont:"actua11y able to mainuin sec•Jrity cover of 1.:.0 Yours Fo1ithfuty -1 Fo,ll,nd on-;~• Bea,d of Ofre<to" of Uayd, Mob~ and me,e, , Umbd Authc \ Riy.zShaikh Place:Mumt,;ii ~te : loth .-.Ue;ust :!02.zi 1,781 . .36 1,712 €.04.43 604.43 ANNEXURE I C-.mn K Co"""1nl ~• 5,753.33 1121.70 125.89 7,000.92 3,800.29 3800.29 4 °""Ml:Mebdllo /. ...,.-b""'"1!.;. - 2,059.92 6,640.11 127.36 764.14 2,098.87 142.79 196.59 1 699.76 408.41 I 3,728.32 1 14,806.35 I 1,617.16 88.94 75.99 2,046.31 3828.40 0.00 14,175.:!0 127.36 764.14 2,098.87 1,264.49 322.48 699.76 408.41 3,728.32 • ' 23,589.13 604.43 -I - 1 5,860.21 - 1 1617.16 88.94 75.99 2,046.31 10,293.04 ForTocarwill andTodarw.al UP Curter~Acc oW'ltilms SUnilTodarwal Membus hip No. • Plo1ce: Mumb-i Date : lOih Aue:ust 2026 7,53~.19 1.121.70 125.89 8,182.78 604.43 3,SOC.29 ~.72 lrilf.incroresl 7,535.19 1121.70 125.89 8,782.78 604.43 3,800.29 4404.72
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UTILIZATION OF ISSUE PROCEEDS AND STATEMENT OF DEVIATION OF RUPEES 750 CRORE NON-CONVERTIBLE DEBENTURES Statement Indicating the utilization of issue proceeds of Non-Convertible Debentures and Nil Deviation and Variation in the use of issue proceeds for the quarter ended 30th June, 2026 pursuant to Regulation 52(7) and (7A) of the Listing regulations read with Master circular dated 1 Jlh July, 2025. A. Statement of utilization of issue proceeds: Name of ISIN Mode of Type of Date Amou Funds Any If any Re ~ Issuer Fund Instru of nt utilize Devi Deviat ma Raising ment fund raised d ation ion, rks, (Public raising (yes/ then if issues/ no) specify any Private the placemen purpos t) e for which the funds were utilize d Lloyds INE281 Private Non- Qgth Rs. Rs. No NA NA Metals B08052 Placemen Convert May, 750 750 and t ible 2026 Crores Crores Energy Debent Limited ures B. Statement of deviation/ variation in use of Issue proceeds Particulars Name of listed entity Mode of fund raising Type of instrument Date of raising funds Amount raised Report filed for quarter ended Is there a deviation/ variation in use of funds raised Whether any approval is required to vary the objects of the issue stated in the prospectus/ document? If ves, details of the approval so required? Date of annroval Explanation for the deviat ion/ variation Comments of the audit committee after review Comments of the auditors , if any Lloyds Metals and Energy Limited P./O: Plot No: A 1-2, MIDC Area, Ghugus , Distric t Chandra pu r - 442505, Maharas htra, India. W www.lloyds .in I E investo r@lloyds.in CIN: L40300M H1977PLC019594 offer Remarks Llovds Metals and Energy Limited Private Placement Non-Convertible Debentures 08th Mav, 2026 Rs 750 crores 30th June, 2026 No No NA NA NA NA Corporate Office : A-2, 2nd Floor , Madh u Estate, Pand urang Bud hkar Marg, Lowe r Parel (West ). Mumbai - 400013, Maharash tra, India. C/O No.: +91-22-62918lll I_ P./O No.: +91-8411965300
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Objects for which funds have been raised and where there has been a deviation/ variation, in the following table: Original Modified Original Modified Funds Amount of Remarks, Object object, if allocation allocation, utilised DeviationNariation if any any if any for the Quarter according to applicable object (in Rs. Crores and in%) NA NA NA NA NA NA NA Deviation could mean: a) Deviation in the objects or purposes for which the funds have been raised. b) Deviation in the amount of funds actually utilized as against what was originally disclosed Thanking you. Yours Faithfully, Fo(/t ~ etals and Energy Limited Ri~ Director Finance and Chief Financial Officer Date: 10th August, 2026 Lloyds Metals and Energy Limited R/0: Plot No:A 1-2, Ml DC Area, Ghugus, District Chand rapur - 442505, Maharas htra , India. W www. lloyds .in I E investor@lloyds.in CIN: L40300MH1977PLC019594 Corporat e Offi ce: A-2 , 2nd Floor, Madhu Estate, Pandurang Budhkar Marg, Lower Parel (West), Mumbai -40001 3, Maharashtra, Indi a. C/0 No.: +91-22-62918lll I R/0 No.: +91-8411965300
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Annexure - A The details as required under Regulation 30 of the Listing Regulations read with Clause 7 of Annexure 18 of the Disclosure Circular: Sr. No. Particulars Mr. Avijit Ghosh 1. Reason for change viz. appointment, reappointment, resignation, removal, death or otherwise; Appointment of Mr. Avijit Ghosh (DIN: 03101511) as an Additional Director designated as Non -Executive, Independent Director of the Company, for a term of 5 (Five) consecutive years commencing from 10 th August, 2026 to 09th August, 2031 (both days inclusive). 2. Date of appointment /reappointment/ cessation (as applicable) & term of appointment/reappointment Effective Date of appointment: 10th August, 2026 The term of his appointment will be for a period of 5 (Five) years, commencing from 10th August, 2026 to 09 th August, 2031 (both days inclusive), subject to approval of Members of the Company. 3. Brief Profile Mr. Avijit Ghosh holds a Bachelor of Technology (B.Tech.) in Mining Engineering from IIT (ISM), Dhanbad, completed in 1980, and is a member of The Institution of Engineers (India). With over four decades of experience in the mining, metals and heavy engineering sectors, Mr. Ghosh has held senior leadership positions with leading public and private sector enterprises, with expertise in mining operations, capacity expansion, project ex ecution, strategic leadership and industrial management. Mr. Ghosh served as Director (Mining) at Hindustan Copper Limited from June 2010 to December 2014, where he played a key role in formulating plans to enhance mining capacity from 3.2 MTPA to 12.4 MTPA. He was instrumental in preparation of DPRs and obtaini ng Board approvals for expansion of existing mines, reopening of closed mines and development of greenfield mines, besides initiatives for improving mining methods and production. He subsequently served as Chairman and Managing Director of Heavy Engineering Corporation (HEC) Limited, Ranchi, a Schedule ‘A’ Public Sector Enterprise under the Ministry of Heavy Industries, Government of India, providing strategic leadership in engineer ing, project execution, industrial operations and organisational development. Earlier, Mr. Ghosh served as Assistant Vice President – Corporate Affairs at Jindal Steel & Power Limited, where he
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Sr. No. Particulars Mr. Avijit Ghosh was associated with improving productivity of the Tensa Iron Ore Mines, commencement of operations at the Barbil Mine, acquisition of Bihar Alloys and development of mining infrastructure, including a 1,000 TPH crushing unit and downhill conveyor system. Following his superannuation, Mr. Ghosh continues to contribute to academia as a Visiting Professor at Jharkhand Rai University, Ranchi. He brings to the Board extensive experience in mining and metals, mine development and expansion, engineering and proje ct management, industrial operations and strategic leadership. 4. Disclosure of relationships between directors Mr. Avijit Ghosh is not related to any of the Directors of the Company. 5. Shareholding, in any in the Company Mr. Avijit Ghosh is not holding any equity shares of the Company. 6. Information as required under Circular No. LIST/COMP/14/2018-19 and NSE/CML/2018/02 dated 20 th June, 2018 issued by the BSE and NSE, respectively. Mr. Avijit Ghosh satisfies all the conditions as set out in Section 196(3) of the Companies Act, 2013 (“the Act”) and Part-I of Schedule V to the Act and Regulation 16 of the Listing Regulations , for being eligible to be appointed as Non-Executive Independent Director. He is not disqualified from being appointed as a Director in terms of Section 164 of the Act. Further, We confirm that Mr. Avijit Ghosh has not been debarred from holding office of Director by virtue of any order passed by the Securities and Exchange Board of India or any other such authority. ****
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Annexure – B The details as required under Regulation 30 of the Listing Regulations read with Part A Clause A(1)(1.1) of Annexure 18 of Disclosure Circular: Sr. No. Particulars Amplus Green One Power Private Limited Amplus Energy One Private Limited Amplus Ceres Solar Private Limited 1. Name of the target entity, details in brief such as size, turnover etc Name of the target entity: Amplus Green One Power Private Limited (“Amplus Green One”). Details of target entity: The entity is engaged in the business of developing, installing, operating, managing, maintaining, supplying and trading of electrical energy generated through the wind power plants across India. Turnover: Nil Name of the target entity: Amplus Energy One Private Limited (“Amplus Energy One”) Details of target entity: The entity is a engaged in the business of developing, installing, operating, managing, maintaining, supplying and trading of electrical energy generated through the wind power plants across India. Turnover: Nil Name of the target entity: Amplus Ceres Solar Private Limited (“Amplus Ceres”) Details of target entity: The entity is engaged in the business of developing, installing, operating, managing, maintaining, supplying and trading of electrical energy generated through the solar power plants across India. Turnover: Nil 2. Whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at The acquisition of equity shares in is not a related party transaction. No, promoter/promoter group companies do not have any interest in the entity in which shares acquired.
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Sr. No. Particulars Amplus Green One Power Private Limited Amplus Energy One Private Limited Amplus Ceres Solar Private Limited “arm’s length” 3. Industry to which the entity being acquired belongs Generation and transmission of electricity from wind energy Generation and transmission of electricity from wind energy Generation and transmission of electricity from solar energy 4. Objects and impact of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity) The acquisition aims at utilizing the power generated by the captive power plant, in accordance with applicable electricity laws. The primary objective of this acquisition is to ensure that the energy produced by the captive power plant is consumed internally (for captive use) by the Company. The key impact of this acquisition would be the optimization of energy consumption costs for the Company. By relying on the electricity generated by the captive power plant, the Company expects to reduce its reliance on external power sources, leading to p otential savings on energy expenses and better control over energy supply. 5. Brief details of any governmental or regulatory approvals required for the acquisition The acquisition is subject to compliance with the Electricity Act, 2003 read with the Electricity Rules, 2005 and the relevant rules and regulations governing captive power generation and open access in Maharashtra. The process is underway, and all necessa ry applications have been or will be submitted in accordance with applicable timelines. The acquisition will be consummated only upon receipt of all required regulatory approvals. 6. Indicative time period for completion of the acquisition Subject to all regulatory approvals, consummation of the acquisition is expected to be completed tentatively by Financial year end 2027. 7. Consideration - whether cash consideration or share swap or any other form and details of the same The consideration for the Acquisition is cash consideration of upto Rs. 29.66 Crores (Rupees Twenty-Nine Crore and Sixty-Six lakhs Only) to be paid by the Company as subscription money. The consideration for the Acquisition is cash consideration of upto Rs. 9.89 Crores (Rupees Nine Crore and Eighty- Nine lakhs Only) to be paid by the Company as subscription money. The consideration for the Acquisition is cash consideration of upto Rs. 8.47 Crores (Rupees Eight Crore and Forty- Seven lakhs Only) to be paid by the Company as subscription money.
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Sr. No. Particulars Amplus Green One Power Private Limited Amplus Energy One Private Limited Amplus Ceres Solar Private Limited 8. Cost of acquisition and/or the price at which the shares are acquired Upto 29.66 Crores (Rupees Twenty-Nine Crore and Sixty-Six lakhs Only) Upto Rs. 9.89 Crores (Rupees Nine Crore and Eighty-Nine lakhs Only) Upto Rs. 8.47 Crores (Rupees Eight Crore and Forty-Seven lakhs Only) 9. Percentage of shareholding / control acquired and / or number of shares acquired Proposed acquisition of minimum 26% equity shares of the total paid - up equity share capital of Amplus Green One Proposed acquisition of minimum 26% equity shares of the total paid - up equity share capital of Amplus Energy One Proposed acquisition of minimum 26% equity shares of the total paid - up equity share capital of Amplus Ceres. 10. Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief) (i) Products/line of business acquired: Amplus Green One is operating to develop and operate a captive wind power generation plant, focusing on producing renewable energy primarily for internal consumption, while supporting sustainability and cost-efficiency goals. (ii) Date of incorporation: 06th June, 2018 (i) Products/line of business acquired: Amplus Energy One is operating to develop and operate a captive wind power generation plant, focusing on producing renewable energy primarily for internal consumption, while supporting sustainability and cost-efficiency goals. (ii) Date of incorporation: 26th June, 2024 (i) Products/line of business acquired: Amplus Ceres is operating to develop and operate a captive solar power generation plant, focusing on producing renewable energy primarily for internal consumption, while supporting sustainability and cost-efficiency goals. (ii) Date of incorporation: 3rd October, 2023
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Sr. No. Particulars Amplus Green One Power Private Limited Amplus Energy One Private Limited Amplus Ceres Solar Private Limited (iii) History of last 3 years turnover: Nil (iv) Country of presence: India (v) Any other significant information: Nil (iii) History of last 3 years turnover: Nil (iv) Country of presence: India (v) Any other significant information: Nil (iii) History of last 3 years turnover: Financia l Year Turno ver 2024 - 2025 51,671 2023 - 2024 Nil 2022- 2023 Nil (iv) Country of presence: India (vi) Any other significant information: Nil ****
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Annexure - C The details as required under Regulation 30 of the Listing Regulations read with Part A Clause B(5) of Annexure 18 of Disclosure Circular: Sr. No. Particulars Amplus Green One Power Private Limited Amplus Energy One Private Limited Amplus Ceres Solar Private Limited 1. Name(s) of parties with whom the agreement is entered The Company has entered into Share Subscription and Shareholders Agreement (“SSSHA”) and Wind Power Purchase Agreement (“ Wind PPA”) with Amplus Green One Power Private Limited (“ Amplus Green One”). The Company has entered into Share Subscription and Shareholders Agreement (“SSSHA”) and Wind Power Purchase Agreement (“ Wind PPA”) with Amplus Energy One Private Limited (“ Amplus Energy One”) The Company has entered into Share Subscription and Shareholders Agreement (“SSSHA”) and Solar Power Purchase Agreement ( “Solar PPA”) with Amplus Ceres Solar Private Limited (“ Amplus Ceres”) 2. Purpose of entering into the agreement Enhancing Company’s source of renewable power energy for its operations. 3. Size of agreement (i) Wind Project: 36 MW. (ii) Equity investment: Minimum 26% in Amplus Green One for a total consideration of upto Rs. 29.66 Crores (Rupees Twenty-Nine Crore and Sixty Six lakhs Only) (i) Wind Project: 12 MW (ii) Equity investment: Minimum 26% in Amplus Energy One for a total consideration of upto Rs. 9.89 Crores (Rupees Nine Crore and Eighty-Nine lakhs Only) (i) Solar Project: 17.59 MWac i.e. 26.47 MWpdc (ii) Equity investment: Minimum 26% in Amplus Ceres for a total consideration of upto Rs. 8.47 Crores (Rupees Eight Crore and Forty-Seven lakhs Only) 4. Shareholding, if any, in the entity with whom the agreement is executed The Company will subscribe to equity shares in Amplus Green One aggregating to minimum 26% to comply with electricity rules for The Company will subscribe to equity shares in Amplus Energy One aggregating to minimum 26% to comply with electricity rules for The Company will subscribe to equity shares in Amplus Ceres aggregating to minimum 26% to comply with electricity rules for
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Sr. No. Particulars Amplus Green One Power Private Limited Amplus Energy One Private Limited Amplus Ceres Solar Private Limited Captive Generating Plants. Captive Generating Plants. Captive Generating Plants. 5. Significant terms of the agreement (in brief) special rights like right to appoint directors, first right to share subscription in case of issuance of shares, right to restrict any change in capital structure etc. The Company has pre -emptive rights to maintain minimum shareholding in case of new issuance. The Company has affirmative voting rights on certain key matters, including: (i) Any alteration of Amplus Green / Amplus Energy One / Amplus Ceres 2 (as the case may be) charter documents that contravenes the agreement. (ii) Changes in share capital structure or issuance of securities that adversely affect the Company’s status as a captive consumer. (iii) Initiation of liquidation or winding up. (iv) Mergers, demergers, acquisitions, or reorganizations impacting captive status. (v) Change in legal status of Amplus Green / Amplus Energy One / Amplus Ceres (as the case may be). (vi) Amendments to the project that could affect captive status. (vii) Abandonment of Amplus Green / Amplus Energy One / Amplus Ceres (as the case may be) business to supply power. The aforesaid actions cannot be taken without the Company’s affirmative vote. 6. Whether, the said parties are related to promoter/promoter group/ group companies in any manner. If yes, nature of relationship No 7. Whether the transaction would fall within related party transactions? If yes, whether the same is done at “arm’s length” No 8. In case of issuance of shares to the parties, details of issue price, class of shares issued Subscription of minimum 26% of the total issued, subscribed and paid-up equity share capital of Subscription of minimum 26% of the total issued, subscribed and paid - up equity share capital of Amplus Energy Subscription of minimum 26% of the total issued, subscribed and paid - up equity share capital of Amplus Ceres by
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Sr. No. Particulars Amplus Green One Power Private Limited Amplus Energy One Private Limited Amplus Ceres Solar Private Limited Amplus Green One by the Company, for an aggregate consideration of upto Rs. 29.66 Crores (Rupees Twenty Nine Crore and Sixty-Six lakhs Only) One by the Company, for an aggregate consideration of upto Rs. 9.89 Crores (Rupees Nine Crore and Eighty-Nine lakhs Only) the Company, for an aggregate consideration of upto Rs. 8.47 Crores (Rupees Eight Crore and Forty-Seven lakhs Only) 9. In case of loan agreements, details of lender/borrower, nature of the loan, total amount of loan granted/taken, total amount outstanding, date of execution of the loan agreement /sanction letter, details of the security provided to the lenders / by the borrowers for such loan or in case outstanding loans lent to a party or borrowed from a party become material on a cumulative basis Not Applicable 10. Any other disclosures related to such agreements, viz., details of nominee on the board of directors of the listed entity, potential conflict of interest arising out of such agreements, etc No 11. In case of termination or amendment of agreement, listed entity shall disclose additional details to Not Applicable
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Sr. No. Particulars Amplus Green One Power Private Limited Amplus Energy One Private Limited Amplus Ceres Solar Private Limited the stock exchange(s): name of parties to the agreement nature of the agreement date of execution of the agreement details of amendment and impact thereof or reasons of termination and impact thereof ****
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Annexure – D The details as required under Regulation 30 of the Listing Regulations read with Part A Clause A(1)(1.1) of Annexure 18 of Disclosure Circular: Sr. No. Particulars Lloyds Global Resources FZCO 1. Name of the target entity, details in brief such as size, turnover etc Name of the target entity: Lloyds Global Resources FZCO (“LGRF”). Details of target entity: LGRF is a wholly owned subsidiary of the Company located at Dubai Multi Commodities Centre (“DMCC”) Size: Share capital of the Company: USD 135,875 (United States Dollar One Lakh Thirty Five Thousand Eight Hundred and Seventy Five only) Turnover: Not Applicable* *Commenced business operations in April 2026 and revenues were generated from June 2026 onward accordingly, Turnover for FY 2025-26 is not applicable. 2. Whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length” The acquisition of equity shares in LGRF is a related party transaction. Promoter/Promoter group companies are interested in the entity in which shares acquired. The transaction would be at arm’s length 3. Industry to which the entity being acquired belongs Holding Company for step down subsidiaries across the globe and engaged in international trading of Iron Ore pellets and copper cathodes. 4. Objects and impact of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity) As on 31st July 2026, the aggregate outstanding amount due from LGRF towards principal loan aggregates to USD 220 Million. (United States Dollar Two Hundred and Twent y Million) Considering the long -term strategic objectives of the Company, strengthening the capital base and net worth of its wholly owned subsidiary, improving the debt -equity structure of LGRF and aligning the funding with the long- term nature of the investment, th e outstanding loan, aggregating to USD 200 Million (United States Dollar Two Hundred Million), is being converted into equity share capital of LGRF, at such valuation and on such terms and conditions as may be determined.
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Sr. No. Particulars Lloyds Global Resources FZCO 5. Brief details of any governmental or regulatory approvals required for the acquisition Not Applicable 6. Indicative time period for completion of the acquisition The conversion is expected to be completed with an approximate period 90 days subject to statutory approvals. 7. Consideration - whether cash consideration or share swap or any other form and details of the same No consideration is payable, as the investment arises from the conversion of the outstanding loan into equity. 8. Cost of acquisition and/or the price at which the shares are acquired The consideration for the Acquisition is cash consideration of up to USD 200 Million (united states Dollar Two Hundred Million) 9. Percentage of shareholding / control acquired and / or number of shares acquired Proposed conversion shall not alter the status of LGRF as a wholly owned subsidiary of the Company 10. Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief) (i) Products/line of business acquired: Holding Company for step down subsidiaries across the globe and engaged in international trading of Iron Ore pellets and copper cathodes. (ii) Date of incorporation: LGRF was incorporated on 25th September, 2025. (iii) History of last 3 years turnover: Commenced business operations in April 2026 and revenues were generated from June 2026 onward accordingly, Turnover for last 3 years is not applicable. (iv) Country of presence: United Arab Emirates (v) Any other significant information: As on the date LGRF is a wholly owned subsidiary of the Company About Lloyds Global Resources FZCO Lloyds Global Resources FZCO (LGRF) serves as the global holding and trading arm of the Company. Its primary objective is to support the expansion of the Company’s international mining business by overseeing investments and providing strategic and financial support to its subsidiary entities. LGRF facilitates the Group ’s mining operations across Africa, Papua New Guinea, and Latin America , including funding the capital and working capital requirements of its subsidiaries, while also acting as the Group’s international platform for the trading of mineral resources. ****
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Annexure – E The details as required under Regulation 30 of the Listing Regulations read with Part A Clause A(1)(1.1) of Annexure 18 of Disclosure Circular: Sr. No. Particulars Lloyds Global Resources FZCO 1. Name of the target entity, details in brief such as size, turnover etc Name of the target entity: Lloyds Global Resources FZCO (“LGRF”). Details of target entity: Lloyds Global Resources FZCO (“ LGRF”), a wholly owned subsidiary of the Company Size: Share capital of the Company: USD 135,875 (United States Dollar One Lakh Thirty Five Thousand Eight Hundred and Seventy Five only) Turnover: Not Applicable* *Commenced business operations in April 2026 and revenues were generated from June 2026 onward accordingly, Turnover for FY 2025-26 is not applicable. 2. Whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length” The acquisition of equity shares in LGRF is a related party transaction. Promoter/promoter group companies do have interest in the entity in which shares acquired. The transaction would be on arm’s length basis 3. Industry to which the entity being acquired belongs. Holding Company for step down subsidiaries across the globe and engaged in international trading of Iron Ore pellets and copper cathodes. 4. Objects and impact of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity) To support the growth, expansion and funding requirements of its wholly owned subsidiary of the Company. The main objective of LGRF is to act as a global agent of the Company in expanding the mining operations of the Company in the regions of African continent, Papua New Guinea and in Latin American countries by financing the funding requirements of its subsidiary entities.
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Sr. No. Particulars Lloyds Global Resources FZCO 5. Brief details of any governmental or regulatory approvals required for the acquisition Not Applicable 6. Indicative time period for completion of the acquisition The transaction is expected to be completed tentatively by 15 th September 2026. 7. Consideration - whether cash consideration or share swap or any other form and details of the same The consideration for the acquisition is cash consideration of up to USD 200 Million (United States Dollar Two Hundred Million only). 8. Cost of acquisition and/or the price at which the shares are acquired Up to USD 200 Million (United States Dollar Two Hundred Million only). 9. Percentage of shareholding / control acquired and / or number of shares acquired Proposed acquisition will not change the status of LGRF as wholly owned subsidiary of the Company. The Company will continue to hold 100% of total equity share capital of LGRF. 10. Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief) (i) Products/line of business acquired: Holding Company for step down subsidiaries across the globe and engaged in international trading of Iron Ore pellets and copper cathodes (ii) Date of incorporation: LGRF was incorporated on 25th September, 2025 (iii) History of last 3 years turnover: Commenced business operations in April 2026 and revenues were generated from June 2026 onward accordingly, Turnover for last 3 years is not applicable. (iv) Country of presence: United Arab Emirates (v) Any other significant information: As on the date LGRF is a wholly owned subsidiary of the Company About Lloyds Global Resources FZCO Lloyds Global Resources FZCO (LGRF) serves as the global holding and trading arm of the Company. Its primary objective is to support the expansion of the Company’s international mining business by overseeing investments and providing
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Sr. No. Particulars Lloyds Global Resources FZCO strategic and financial support to its subsidiary entities. LGRF facilitates the Group’s mining operations across Africa, Papua New Guinea, and Latin America, including funding the capital and working capital requirements of its subsidiaries, while also acting as the Group’s international platform for the trading of mineral resources. ****
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Annexure – F The details as required under Regulation 30 of the Listing Regulations read with Part A Clause A(1)(1.1) of Disclosure Circular: Sr. No. Particulars Thriveni Earthmovers and Infra Limited 1. Name of the target entity, details in brief such as size, turnover etc Name of the target entity: Thriveni Earthmovers and Infra Private Limited (“TEIL”). Details of target entity: TEIL is in the business of mine development and operations. Size: Authorized Capital: 30,20,00,00,000 Paid Up Capital: 19,34,06,03,890 Turnover as per latest audited financials: Rs. 4126.07 Crore 2. Whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length” Lloyds Metals and Energy Limited ( “the Company”) holds 72.0253% of the paid-up share capital of TEIL and, accordingly, TEIL qualifies as a subsidiary of the Company and is a related party of the Company. However, the fund-raising by TEIL through the issuance of securities by way of a rights issue is uniformly offered to all shareholders in proportion to their respective shareholding. Accordingly, such issuance shall not be considered a related party transaction. The Company is interested in proposed tran saction to the extent of its shareholding. 3. Industry to which the entity being acquired belongs TEIL is, inter alia, engaged in the business of providing end to end contract mining services including exploration, drilling, mining, excavation, hauling, sizing, processing and transportation of minerals, trading of coal, iron ore, iron ore pellets and other minerals, coal production, manufacturing of solid blocks and leasing of mining equipment. 4. Objects and impact of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity) The proposed investment is intended to enable the Subsidiary to meet its working capital requirements, fund business expansion, undertake capital expenditure, support operational requirements and meet other general corporate purposes. 5. Brief details of any governmental or regulatory approvals required for the acquisition Not Applicable
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Sr. No. Particulars Thriveni Earthmovers and Infra Limited 6. Indicative time period for completion of the acquisition The proposed investe ment is expected to be completed During Financial Year 2026-27. 7. Consideration - whether cash consideration or share swap or any other form and details of the same Further investment in TEIL, upto an aggregate value of INR 6 25 crores (Rupees Six Hundred and Twenty Five Crores only), by way of subscribing to the rights issue / further issue of capital in one or more tranches offered by it. 8. Cost of acquisition and/or the price at which the shares are acquired The consideration for the Acquisition is cash consideration of up to INR 625 crores (Rupees Six Hundred and Twenty Five Crores only). 9. Percentage of shareholding / control acquired and / or number of shares acquired Existing shareholding: 72.0253% Post issue: This will be informed as and when it will happen 10. Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief) (i) Products/line of business acquired: The TEIL is a private limited company incorporated under the provisions of Companies Act, 2013 with its registered office located at 22/110, Greenways Road, Fairlands Salem, Salem, Tamil Nadu, 636016 India. TEIL is, inter alia, engaged in the business of providing end to end contract mining services including exploration, drilling, mining, excavation, hauling, sizing, processing and transportation of minerals, trading of coal, iron ore, iron ore pellets and other minerals, coal production, manufacturing of solid blocks and leasing of mining equipment. (ii) Date of incorporation: TEIL was incorporated on 17th February, 2024 (iii) History of last 3 years turnover: (Rs. In Crore) Financial Year Turnover 2025 - 2026 4126.07 2024 - 2025 3140.60 (Restated) 2023 - 2024 Nil (iv) Country of presence: India (v) Any other significant information: Nil ****