Lloyds Metals promoters create non-disposal undertaking for term loan
- Promoters created an NDU over shares for a rupee term loan facility
- SBICAP Trustee Company Limited serves as the security trustee
- Crosslink Food and Farms encumbered 60.7 million shares (9.88%)
- Lloyds Metals & Minerals LLP encumbered its full 35.7 million holding
- Voting rights and dividends remain with the promoters
*this image is generated using AI for illustrative purposes only.
Promoters of Lloyds Metals & Energy created a non-disposal undertaking (NDU) over their shareholdings to secure a rupee term loan facility. The disclosure was filed with stock exchanges on September 10, 2026.
The NDU, dated September 4, 2026, restricts the disposal of shares held by various promoter entities and individuals. SBICAP Trustee Company Limited acts as the security trustee for the arrangement. This is a customary financing structure where legal and beneficial ownership remains with the promoters.
Shareholding Details
Multiple promoters placed their holdings under the NDU. The total encumbered stake reflects the aggregate of individual and entity holdings. No transfer of shares to third-party demat accounts occurred.
| Promoter Entity/Individual | Total Holding | Encumbered Shares | Stake % |
|---|---|---|---|
| Ravi Babulal Agarwal | 11,907,240 | 11,907,240 | 2.12% |
| Mukesh Rajnarayan Gupta | 1,135,700 | 1,135,700 | 0.20% |
| Renu Rajesh Gupta | 1,204,420 | 1,204,420 | 0.21% |
| Abha Gupta | 1,169,540 | 1,169,540 | 0.21% |
| Rajesh Rajnarayan Gupta | 602,820 | 602,820 | 0.11% |
| Madhur Rajesh Gupta | 9,600,000 | 9,600,000 | 1.71% |
| Shreekrishna Mukesh Gupta | 9,602,000 | 9,602,000 | 1.71% |
| Crosslink Food and Farms | 65,558,548 | 60,720,092 | 10.79% |
| Lloyds Metals & Minerals | 35,741,529 | 35,741,529 | 6.35% |
| Blossom Trade & Interchange | 13,200,000 | 13,200,000 | 2.34% |
What the Numbers Show
The data reveals a significant concentration of encumbrance within specific promoter entities. Crosslink Food and Farms Private Limited holds 65,558,548 shares but has encumbered 60,720,092 shares, representing 9.88% of the capital under new restrictions. Similarly, Lloyds Metals & Minerals Trading LLP encumbered its entire holding of 35,741,529 shares (6.35%). In contrast, Thriveni Earthmovers Private Limited and Sky United LLP retained existing encumbrances without creating new ones under this specific transaction.
Regulatory Context
The filing complies with Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Promoter Shreekrishna Mukesh Gupta clarified that voting rights and dividend entitlements remain intact, subject to financing terms.
Historical Stock Returns for Lloyds Metals & Energy
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.00% | -2.84% | -12.50% | +53.42% | +36.62% | 0.0% |
What specific operational or strategic initiatives is Lloyds Metals & Energy funding with this new rupee term loan facility?
How might the concentration of encumbered shares in Crosslink Food and Farms impact the company's governance stability if debt covenants are breached?
Could this increased promoter leverage signal a shift in capital structure that affects future equity fundraising or dividend policies?
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