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.
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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.
Key resolutions passed at the EGM include:
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- 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.
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