Promoter Shreekrishna Mukesh Gupta has created a non-disposal undertaking (NDU) on 1.60% of Lloyds Metals & Energy shares to secure term loan financing. The encumbrance, dated August 25, 2026, restricts share disposal but preserves voting and dividend rights.

The disclosure was filed with stock exchanges on September 8, 2026, under Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. SBICAP Trustee Company Limited acts as the security trustee for the facility.

Encumbrance Details

The NDU covers 9,000,000 equity shares held by Shreekrishna Mukesh Gupta. While the shares are subject to contractual restrictions on disposal, the promoter retains legal and beneficial ownership. No transfer of shares to a third-party demat account has occurred.

Other promoter group entities also created NDUs for the same financing arrangement:

• Madhur Rajesh Gupta: 9,000,000 shares (1.60%)
• Thriveni Earthmovers Private Limited: 90,086,636 shares (16.00%)
• Lloyds Enterprises Limited: 2,596 shares (0.0005%)

What the Numbers Show

The total promoter group stake encumbered via this transaction stands at approximately 19.20% of the company’s equity. This includes Thriveni Earthmovers, which now holds 17.03% of its stake under encumbrance after adding the new NDU to its existing pledge. The use of an NDU rather than a pledge allows promoters to retain voting control while providing security to lenders.

Thriveni Earthmovers Private Limited has created a non-disposal undertaking over 90,086,636 equity shares of Lloyds Metals & Energy , representing 16% of the total share capital. The move supports a Rupee Term Loan Facility availed by the listed entity.

The undertaking was entered into with SBICAP Trustee Company Limited on August 25, 2026. It was disclosed to stock exchanges on September 5, 2026, under Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Structure of Encumbrance

The promoter clarified that this arrangement is a non-disposal undertaking rather than a pledge. Legal and beneficial ownership of the shares remains with Thriveni Earthmovers Private Limited. The promoter retains voting rights and entitlement to dividends, subject to financing document terms.

No transfer of shares to a third-party demat account has occurred. The shares continue to be held in Thriveni’s demat account, subject to contractual restrictions on disposal during the applicable period.

Promoter Holding Details

Thriveni Earthmovers holds 10,00,05,501 shares (17.77%). Prior to this event, 5,780,362 shares (1.03%) were already encumbered. The new undertaking brings the total encumbered holding to 95,866,998 shares (17.03%).

Other promoters also created non-disposal undertakings for the same facility:

What the Numbers Show

The encumbrance covers a significant portion of the promoter’s stake, with total encumbered shares rising from 1.03% to 17.03% of the total share capital. This indicates that nearly all of Thriveni’s current holding is now subject to disposal restrictions for this specific financing transaction.