Madhur Rajesh Gupta, a promoter of Lloyds Metals and Energy Limited (LMEL), has executed a Non-Disposal Undertaking (NDU) dated August 25, 2026. This NDU is in connection with a Rupee Term Loan Facility availed by LMEL and pertains to 1.60% of the promoter’s equity shares in the company. The shares remain under the promoter’s beneficial ownership, subject to contractual restrictions on disposal.
Promoter Encumbers Shares for Financing
Madhur Rajesh Gupta, a promoter of Lloyds Metals and Energy Limited (LMEL), has disclosed the creation of a Non-Disposal Undertaking (NDU). This NDU, dated August 25, 2026, was entered into with SBICAP Trustee Company Limited, acting as the Security Trustee. The undertaking is in connection with a Rupee Term Loan Facility availed by LMEL.
Details of the Non-Disposal Undertaking
The NDU covers a portion of Madhur Rajesh Gupta’s equity shares in LMEL, specifically representing 1.60% of the company’s total equity. The undertaking is part of the financing arrangements for the aforementioned loan facility and imposes contractual restrictions on the disposal of these shares during the applicable period. Importantly, the legal and beneficial ownership of these shares, along with voting rights and entitlement to dividends, continues to remain with Madhur Rajesh Gupta, subject to the terms of the NDU and financing documents. The shares have not been transferred to any third-party demat account and remain in the promoter’s demat account.
Shareholding Impact
The disclosure indicates that Madhur Rajesh Gupta holds 1.71% of the total share capital, with 1.60% now encumbered through the NDU. This means that post-event holding of encumbered shares is 1.60%, with the total shareholding remaining at 1.71%.
Source: BSE
