Lloyds Enterprises Limited, a promoter of Lloyds Engineering Works Limited, has announced the release of a pledge on 1,75,00,000 Equity Shares of the Target Company. This action was taken pursuant to a Loan Against Securities Agreement with Tata Capital Limited and was effected on August 19, 2026. The disclosure is made under the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.
Promoter Share Release Announced
Lloyds Enterprises Limited, acting as a promoter for Lloyds Engineering Works Limited (the Target Company), has formally disclosed the release of a significant portion of pledged shares. A total of 1,75,00,000 Equity Shares of Lloyds Engineering Works Limited have been released from pledge. This release was executed under the terms of a Loan Against Securities Agreement previously entered into between Lloyds Enterprises Limited and Tata Capital Limited.
Transaction Details and Effective Date
The release of these shares was officially effected on August 19, 2026. This disclosure is in compliance with the requirements stipulated by the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The promoter’s holding in Lloyds Engineering Works Limited, post-release, is detailed in the annexed disclosure format.
Disclosure Format Summary
According to Annexure – I, Lloyds Enterprises Limited held 48,33,26,722 shares, representing 32.65% of the total share capital and 32.31% of the diluted share capital of Lloyds Engineering Works Limited prior to the event. Following the release of 1,75,00,000 shares, their post-event holding in encumbered shares is 10,85,00,000 shares, constituting 7.33% of the total share capital. The reason cited for the pledge and its subsequent release is the management of prudent financial practices while ensuring lender interests remain protected.
Source: BSE
