Board meeting on 14 Oct 2026 to consider NCD issue and US dollar-denominated senior secured bonds
Revised notice of Board Meeting — Wednesday, 14 October 2026.
By ScoutQuest · · 2 min read
- Board Meeting Date
- Wednesday, 14 October 2026
- Revised Notice Reference
- revised notice, further to the intimation dated 9 October 2026
- Agenda Items
- issue of NCDs on a private placement basis; raising funds via U.S. dollar-denominated senior secured floating or fixed rate bonds
Revised notice of a Board meeting
The company has informed the stock exchanges that a meeting of its Board of Directors is scheduled to be held on Wednesday, 14 October 2026. This is a revised notice, issued further to an earlier intimation dated 9 October 2026. The notice will also be available on the company's website.
What the Board will consider
- To consider and approve the issue of Non-Convertible Debentures (NCDs) on a private placement basis; and
- To consider and approve a proposal for raising funds by way of issuance of U.S. dollar-denominated senior secured floating or fixed rate bonds, in one or more issuances or tranches (described in the notice as the Notes), and/or any other permissible debt securities and/or other securities, on such terms and conditions as may be considered appropriate by the Board.
Reading this in simple terms
An NCD is a debt instrument. When a company issues NCDs, it borrows money from investors and agrees to pay interest and repay the principal on stated terms. A private placement means the securities are offered to a select set of investors rather than to the general public.
The second item refers to bonds denominated in U.S. dollars. Senior secured generally means the bonds are backed by a claim on specified assets and rank ahead of certain other obligations of the company, while floating or fixed rate describes how the interest on the bonds is set. The notice states these may be issued in one or more issuances or tranches, and alongside them any other permissible debt securities or securities may also be raised.
Both items are placed before the Board to consider and approve, along with the terms and conditions the Board considers appropriate.
What a reader can take away
- Both matters relate to raising funds through debt securities.
- The NCD issuance is proposed on a private placement basis.
- The second proposal is for U.S. dollar-denominated senior secured bonds, which may be issued in one or more issuances or tranches, and/or other permissible securities.
- The meeting date is Wednesday, 14 October 2026, and this notice revises the earlier intimation dated 9 October 2026.
The notice itself records the agenda items the Board will consider and approve; the outcome of the meeting would follow separately.
Also from Lloyds Metals and Energy
Board approves NCD issuance up to Rs. 3,000 crore and USD-denominated notes up to USD 130 million
14 Oct 2026
CARE ESG Ratings assigns CareEdge-ESG 1 (score 76.7) to Lloyds Metals and Energy
13 Oct 2026
Board meeting on 14 October 2026 to consider issue of Non-Convertible Debentures on private placement basis
9 Oct 2026
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