Lloyds Metals & Energy has received approval for raising of funds through the issuance of United States Dollar (USD) denominated senior secured floating rate or fixed rate notes (Notes) and/or bonds / debentures / other debt securities (Securities), in one or more tranches for an aggregate principal amount of up to $130 million, with an option to upsize the issuance by an additional $50 million under Regulation S under the United States Securities Act of 1933 and subject to receipt of all applicable regulatory and statutory approvals. The Board of Directors of the Company at its meeting held on October 14, 2026, has, inter alia, approved the same.
Lloyds Metals & Energy is into the business of manufacturing of sponge iron, power generation and mining activities.