WhatsApp
backNews Article

Lloyds Metals and Energy Allots Rs. 680 Crores in Senior Secured Non-Convertible Debentures with 9% Coupon

68,000 NCDs issued on private placement basis, maturing on 29th October 2029 with scheduled quarterly interest payments

Lloyds Metals and Energy Limited has allotted 68,000 senior secured non-convertible debentures at a 9% coupon rate aggregating to Rs. 680 crores. The debentures have a tenor of approximately three years with scheduled interest payments quarterly and maturity in October 2029.

9 hours ago|LLOYDSME+0.61%
Lloyds Metals and Energy LimitedLLOYDSMEPreferential Issue

Lloyds Metals and Energy Limited

Preferential Issue

Lloyds Metals and Energy Limited has completed the allotment of 68,000 senior secured, rated, redeemable non-convertible debentures totaling Rs. 680 crores under a private placement scheme. These NCDs bear a 9% coupon rate and will mature on 29th October 2029.

The debentures have a face value of Rs. 1,00,000 each with an original tenor of approximately three years from the allotment date, 5th November 2026.

Interest payments are scheduled quarterly on specified dates with the principal amount due for redemption at face value on 29th October 2029.

The issue is rated 'Crisil AA/Stable' by Crisil Ratings Limited, indicating credit quality.

Security for the NCDs includes a first ranking assignment over loan rights under LGRF loan documents, a pledge over 49% of LGRF's shares in Virtus Lloyds, and a second ranking charge on movable fixed assets of the BHQ Plant.

The debentures are to be listed on the National Stock Exchange of India Limited (NSE) under the security ISIN INE281B07039.

Highlights

  • Allotted 68,000 NCDs worth Rs. 680 crores on 5th November 2026.
  • Coupon rate fixed at 9.00% per annum with quarterly interest payments.
  • Tenor of approximately 3 years, maturing on 29th October 2029.
  • Rated 'Crisil AA/Stable' by Crisil Ratings Limited.
  • Security includes first ranking assignment, pledge over shares and hypothecation over assets.
  • Debentures to be listed on NSE with ISIN INE281B07039.

Key Data Snapshot

Type of Securities9.00% Senior, Secured, Listed, Rated, Redeemable, Non-Convertible Debentures
Type of IssuePrivate Placement
Total Number of Securities Issued and Allotted68,000
ISININE281B07039
Issue SizeRs. 680 Crores
Date of Allotment / Deemed Date of Allotment05th November, 2026
Tenor OriginalApproximately 3 years from the deemed date of allotment
Date of Maturity / Redemption Date29th October, 2029
Coupon Rate9.00%
Redemption AmountRs. 1,00,000 per NCD
Credit RatingCrisil AA/Stable
Proposed to be Listed onNational Stock Exchange of India Limited (NSE)

What happened

  • Lloyds Metals and Energy allotted 68,000 senior secured, rated, redeemable non-convertible debentures aggregating Rs. 680 crores on 5th November 2026.
  • The issuance was done via private placement as part of the company's fundraising activities.

Key details

  • Each debenture has a face value of Rs. 1,00,000 and carries a coupon rate of 9.00% payable quarterly.
  • The debentures have an approximate tenor of 3 years, maturing on 29th October 2029.
  • Interest and principal payment schedules are clearly defined with quarterly interest due dates and principal payable at maturity.
  • Securities are backed by first ranking assignments on LGRF rights and proceeds, pledge of 49% shares held by LGRF in Virtus Lloyds, and second ranking charge on movable fixed assets of the BHQ Plant.
  • The issue carries a 'Crisil AA/Stable' rating and will be listed on NSE with ISIN INE281B07039.

Regulatory and governance context

  • Disclosure complies with SEBI Listing Regulations and Master Circular SEBI/HO/DDHS/DDHS-PoD-1/P/CIR/2025/0000000103 dated 11th July 2025.
  • The company confirms no delays or defaults in interest or principal payments to date.
  • The issuance follows previous intimations made by the company in May and September 2026.

More News on Preferential Issue

View all

Latest corporate announcements and market updates in Preferential Issue.

Top Story
TATACAP+2.99%14 hours ago

Tata Capital Limited Proposes Rs. 4,650 Crore Related Party Transactions with Tata Motors for FY 2026-27

Tata Capital Limited has initiated a postal ballot seeking the approval of its equity shareholders for entering into material related party transactions with Tata Motors Limited valued up to Rs. 4,650 crore for the fiscal year 2026-27.

Read Full Story
Top Story
UNOMINDA+11.54%16 hours ago

Uno Minda Limited Grants 55,340 Employee Stock Options at Rs. 1,080 Each Under 2025 ESOP Scheme

Uno Minda Limited announced the grant of 55,340 stock options to eligible employees and associates under its Employee Stock Option Scheme 2025 at a price of Rs. 1,080 per option. The options will vest on or before specified dates and are exercisable within one year following vesting.

Read Full Story
Top Story
LODHA+4.80%1 day ago

Lodha Developers Allots 56,654 Equity Shares Under Employee Stock Option Scheme 2021 – II

Lodha Developers Limited allotted 56,654 equity shares of ₹10 each on November 4, 2026, under its Employee Stock Option Scheme 2021 – II.

Read Full Story
View all news
Lloyds Metals and Energy Allots Rs. 680 Crores in Senior | Stockk News