Thriveni Earthmovers Private Limited, a promoter of Lloyds Metals and Energy Limited, has announced the release of a pledge on 3,57,527 equity shares. This represents 0.06% of the paid-up share capital. The release, effective August 28, 2026, is due to an increase in the market value of the pledged shares, which were held as collateral for financial assistance. This action adjusts the promoter’s effective holding and reduces the encumbered shares.
Promoter Pledge Release Announced
Thriveni Earthmovers Private Limited (“TEMPL”), a promoter of Lloyds Metals and Energy Limited (“TC”), has officially disclosed the release of a pledge on a portion of its shareholding. This action pertains to 3,57,527 equity shares of the Target Company, which accounts for 0.06% of its total paid-up share capital.
Reason for Release
The release of these shares from pledge occurred due to an increase in the market value of the pledged shares. These shares were previously held as collateral under an Unattested Share Pledge Agreement dated December 26, 2025. The agreement involved Sky United LLP as the borrower, Thriveni Earthmovers Private Limited as the pledgor, and Jio Credit Limited as the pledgee/lender. The pledge was released on account of excess collateral being secured, effectively reducing the encumbered shareholding of TEMPL.
Impact on Shareholding
The effective date for this release of pledge is August 28, 2026. Following this event, Thriveni Earthmovers Private Limited’s direct holding in Lloyds Metals and Energy Limited remains at 10,00,05,501 shares, representing 17.77% of the total issued share capital. However, the number of encumbered shares has decreased, with the post-event holding of encumbered shares now standing at 5,780,362 shares, or 1.03% of the total share capital.
Disclosure Details
This disclosure has been made pursuant to Regulation 31(1) and 31(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing includes details of the promoter’s holdings, the number of shares previously encumbered, and the post-event status of encumbered shares, providing transparency on the promoter’s stake and its encumbrance levels.
Source: BSE
