Thriveni Earthmovers Private Limited has created a pledge over 6,00,00,000 equity shares of Lloyds Engineering Works Limited, representing 4.05% of the total equity share capital. This pledge was executed on August 13, 2026, in favor of Tata Capital Limited, securing a financial facility for a borrower. The transaction does not involve an acquisition or disposal of shares but an encumbrance.
Share Pledge Announced
Thriveni Earthmovers Private Limited has officially disclosed the creation of a pledge over a significant portion of its shareholding in Lloyds Engineering Works Limited (LEWL). The company has pledged 6,00,00,000 equity shares, which constitutes 4.05% of the total equity share capital of LEWL.
Pledge Details
The pledge was formally established on August 13, 2026, through an Unattested Share Pledge Agreement. This arrangement was made in favor of Tata Capital Limited, acting as the lender. The purpose of this pledge is to secure a financial facility availed by Streamland Estate LLP, identified as the borrower in the agreement. It is important to note that this transaction is purely an encumbrance and does not represent an acquisition or sale of shares.
Current Holding and Impact
Prior to this pledge, Thriveni Earthmovers held a total of 13,39,60,181 equity shares in Lloyds Engineering Works Limited, representing 9.05% of the total voting capital. Following the pledge, the company’s direct holding remains the same, but 6,00,00,000 shares are now encumbered. This encumbrance impacts the shares’ availability for disposal or further pledging without the lender’s consent.
Source: BSE
