Monitoring agency reports no deviation in use of preferential warrant proceeds
Lloyds Metals and Energy has shared the Monitoring Agency Report for the quarter ended 30 September 2026 on the proceeds of its preferential issue of convertible warrants.
By ScoutQuest · · 2 min read
- Total issue size
- Rs 2,960.00 crores
- Warrants subscribed
- 3,67,95,000
- Amount received as on 30.09.2026
- Rs 2,722.83 crore
What this announcement is
Lloyds Metals and Energy has submitted to the stock exchanges the Monitoring Agency Report for the quarter ended 30 September 2026. The report covers how the money raised through a preferential issue of convertible warrants has been used. It is issued by ACER Credit Rating Private Limited, which acts as the monitoring agency.
The issue in numbers
- Total issue size: Rs 2,960.00 crores, being 4,00,00,000 convertible warrants of face value Rs. 1/- each, issued at Rs. 740.00 per warrant.
- Warrants actually subscribed: 3,67,95,000.
- Amount received by the company against these warrants as on 30.09.2026: 2,722.83 (amount in crore, i.e. Rs 2,722.83 crore).
- Each warrant is convertible into one equity share of face value Rs. 1/-.
- The issue period ran from 13 September 2024 to 24 September 2024, and the issue was made on a preferential basis.
What the monitoring agency says
- No deviation from the stated objects of the issue; the range of deviation is shown as not applicable.
- Utilisation of the issue proceeds is stated to be for the objects set out in the offer document.
- No major deviation is observed over earlier monitoring agency reports.
- Government and statutory approvals related to the objects are shown as obtained.
- Arrangements for technical assistance or collaboration are shown as in operation.
- The means of financing the disclosed objects is shown as unchanged.
- No favourable event improving the viability of the objects is reported, and no unfavourable event affecting their viability is reported.
- No other information that may materially affect investor decision-making is flagged.
Who has seen it
The report was reviewed by the Audit Committee and taken on record by the Board of Directors at its meeting held on 03 November 2026. It is also available on the company's website.
How to read this
This is a periodic disclosure about whether money already raised is being spent the way the company said it would be. A clean, no-deviation finding is the routine outcome. It tells you the proceeds are being tracked and certified by an outside agency, which supports transparency. By itself it does not change anything about the company's operations, and the money shown is what has been received against warrants that convert into equity shares later.
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4 Nov 2026
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More numbers
- Total issue sizeRs 2,960.00 crores
- Convertible warrants issued4,00,00,000 Convertible Warrants
- Convertible warrants subscribed3,67,95,000
- Issue price per warrantRs. 740.00
- Amount received as on 30.09.2026 (value, amount in crore)2,722.83
- Face value per warrant / equity shareRs. 1/-
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