With reference to the captioned subject and in terms of the provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of Lloyds Steels Industries Limited at their Meeting held today i.e., 10th May, 2023 at 02:00 p.m. has considered and approved the allotment of 7,50,00,000 Equity Shares of Face Value Re. 1/- each at a premium of Rs. 2.86/- each pursuant to conversion of Convertible Warrants (Second Tranche) which were issued and allotted on Preferential basis on 22nd November, 2021 pursuant to and in compliance with the provisions of Chapter V of the SEBI (Issue of Capital and Disclosures Requirements) Regulations, 2018 through Resolution passed in the Extra Ordinary General Meeting held on 12th November, 2021 pursuant to the provisions of Section 42, 62 and other applicable provisions of The Companies Act, 2013 as set out in attached letter
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