Alpha Desk
September 12, 2025 / 17:04 IST
Disclaimer This is an AI-assisted live blog with updates sourced from multiple news outlets and agencies Disclaimer
Lloyds Metals and Energy Limited held an Extraordinary General Meeting (EGM) on September 11, 2025, where shareholders approved resolutions, including director appointments and material related party transactions.
The EGM, conducted via video conferencing, addressed 11 resolutions, all passed with the necessary majority. Mitesh Shah & Co., Company Secretaries, served as the scrutinizer for the e-voting process, encompassing remote e-voting and e-voting during the EGM.
Story continues below Advertisement
Key resolutions passed at the EGM include:
Appointment of Mr. Sujit Kumar Varma as a Non-Executive, Independent Director. Appointment of Dr. Anita Shantaram as a Non-Executive, Independent Director. Change in designation of Mr. Shabbirhusein Shaikhadam Khandwala from Non-Executive Independent Director to Non-Executive Non-Independent Director. Approval under Section 186 of the Companies Act, 2013, related to loans, inter-corporate deposits, and guarantees. Approval for overall borrowing limits under Section 180(1)(c) of the Companies Act, 2013. Approval under Section 180(1)(a) of the Companies Act, 2013, for the creation of mortgage or charge on the company's assets. Issuance of 19,57,458 equity shares on a preferential basis for non-cash consideration towards acquiring a stake in Thriveni Pellets Private Limited. Approval of material related party transactions with Thriveni Pellets Private Limited. Approval of material related party transactions with Thriveni Earthmovers and Infra Private Limited. Approval of material related party transactions with Brahmani River Pellets Limited. Approval of material related party transactions with a proposed subsidiary in Dubai, United Arab Emirates. The voting results for each resolution are detailed below:
Resolution 1: Appointment of Mr. Sujit Kumar Varma Particulars Number of Shareholders Number of votes cast by them Percentage (%) Votes in favour 309 40,37,29,531 99.82 Votes against 36 7,38,603 0.18 Total 345 40,44,68,134 100
Resolution 2: Appointment of Dr. Anita Shantaram Particulars Number of Shareholders Number of votes cast by them Percentage (%) Votes in favour 304 40,34,92,135 99.76 Votes against 41 9,75,999 0.24 Total 345 40,44,68,134 100
Resolution 3: Change in Designation of Mr. Shabbirhusein Shaikhadam Khandwala Particulars Number of Shareholders Number of votes cast by them Percentage (%) Votes in favour 197 38,83,89,428 96.02 Votes against 148 1,60,78,706 3.98 Total 345 40,44,68,134 100
Resolution 4: Approval under Section 186 of the Companies Act, 2013 Particulars Number of Shareholders Number of votes cast by them Percentage (%) Votes in favour 184 39,31,99,368 97.21 Votes against 161 1,12,68,766 2.79 Total 345 40,44,68,134 100
Resolution 5: Approval for Overall Borrowing Limits Particulars Number of Shareholders Number of votes cast by them Percentage (%) Votes in favour 267 40,10,85,063 99.16 Votes against 79 33,83,071 0.84 Total 346 40,44,68,134 100
Resolution 6: Approval under Section 180(1)(a) of the Companies Act, 2013 Particulars Number of Shareholders Number of votes cast by them Percentage (%) Votes in favour 301 40,34,47,598 99.75 Votes against 45 10,20,536 0.25 Total 346 40,44,68,134 100
Resolution 7: Issuance of Equity Shares for Acquisition in Thriveni Pellets Particulars Number of Shareholders Number of votes cast by them Percentage (%) Votes in favour 334 23,68,62,899 99.99 Votes against 8 25,096 0.01 Total 342 23,68,87,995 100
Resolution 8: Material Related Party Transaction with Thriveni Pellets Particulars Number of Shareholders Number of votes cast by them Percentage (%) Votes in favour 169 6,16,17,383 84.93 Votes against 159 1,09,30,477 15.07 Total 328 7,25,47,860 100
Resolution 9: Material Related Party Transaction with Thriveni Earthmovers Particulars Number of Shareholders Number of votes cast by them Percentage (%) Votes in favour 248 6,93,25,491 95.56 Votes against 80 32,22,369 4.44 Total 328 7,25,47,860 100
Resolution 10: Material Related Party Transaction with Brahmani River Pellets Particulars Number of Shareholders Number of votes cast by them Percentage (%) Votes in favour 170 6,16,17,384 84.93 Votes against 158 1,09,30,476 15.07 Total 328 7,25,47,860 100
Resolution 11: Material Related Party Transaction with Proposed Subsidiary in Dubai Particulars Number of Shareholders Number of votes cast by them Percentage (%) Votes in favour 249 6,93,25,838 95.56 Votes against 79 32,22,022 4.44 Total 328 7,25,47,860 100
The relevant records relating to remote e-voting and e-voting were handed over to the Company Secretary authorized by the Board for safe keeping.
Discover the latest Business News , Sensex , and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
