Lloyds Enterprises Limited has entered into a loan agreement with Tata Capital Limited for financial assistance totaling Rs. 219,00,00,000. As security for this loan, the company has created a pledge over 6,00,00,000 equity shares of its subsidiary, Lloyds Engineering Works Limited. This represents 4.05% of the equity share capital of Lloyds Engineering Works Limited and the pledge was effective from August 13, 2026.
Loan Secured with Share Pledge
Lloyds Enterprises Limited has secured a significant financial assistance package amounting to Rs. 219,00,00,000 (Rupees Two Hundred and Nineteen Crores only) from Tata Capital Limited. This loan agreement was finalized to bolster the company’s financial resources.
Encumbrance of Subsidiary Shares
In accordance with the terms of the loan, Lloyds Enterprises Limited has executed a Share Pledge Agreement on August 13, 2026. Through this agreement, the company has created a pledge over 6,00,00,000 equity shares of its subsidiary, Lloyds Engineering Works Limited. These pledged shares constitute 4.05% of the total equity share capital of Lloyds Engineering Works Limited.
The pledge of these shares in favor of Tata Capital Limited serves as collateral for the financial assistance availed. This action impacts the shareholding structure and financial leverage of Lloyds Enterprises Limited concerning its subsidiary.
Source: BSE
