Mukesh Rajnarayan Gupta, a promoter of Lloyds Metals and Energy Limited (LMEL), has entered into a Non-Disposal Undertaking (NDU) for 11,35,700 equity shares, representing 0.20% of the company’s total equity. This NDU, dated August 25, 2026, is part of a financing arrangement with SBICAP Trustee Company Limited for a Rupee Term Loan Facility availed by LMEL. The legal and beneficial ownership of the shares remains with the promoter.
Promoter Non-Disposal Undertaking
Mukesh Rajnarayan Gupta, identified as a promoter of Lloyds Metals and Energy Limited (LMEL), has formally executed a Non-Disposal Undertaking (NDU). This undertaking pertains to 11,35,700 equity shares of LMEL, accounting for 0.20% of the company’s total share capital. The NDU was established on August 25, 2026, with SBICAP Trustee Company Limited acting as the Security Trustee.
Financing Arrangement Details
The creation of this NDU is a component of a broader financing arrangement concerning a Rupee Term Loan Facility that LMEL has secured. The undertaking imposes contractual restrictions on the disposal of the specified shares during the tenure of the loan, as detailed in the applicable financing documents. The legal and beneficial ownership, along with voting rights and entitlement to dividends, continues to rest with Mr. Gupta, subject to the terms of the NDU.
Shareholding Status
It is clarified that no transfer of these shares has occurred to any third-party demat account. The shares remain in the promoter’s demat account, subject to the restrictions outlined in the NDU and the related financing agreements. The disclosure also notes similar Non-Disposal Undertakings for other promoters and PACs, collectively impacting a significant portion of the promoter group’s shareholding.
Disclosed Encumbrances
The disclosure provides a comprehensive list of various promoters and Promoter and Promoter Group (PACs) whose shares have been subject to Non-Disposal Undertakings as part of financing arrangements. These include:
- Ravi Babulal Agarwal: 11,90,724 shares (2.12%)
- Mukesh Rajnarayan Gupta: 11,35,700 shares (0.20%)
- Renu Rajesh Gupta: 12,04,420 shares (0.21%)
- Abha Gupta: 11,69,540 shares (0.21%)
- Rajesh Rajnarayan Gupta: 6,02,820 shares (0.11%)
- Madhur Rajesh Gupta: 96,00,000 shares (1.71%)
- Priyanka Rajesh Gupta Shreekrishna Mukesh Gupta: 96,02,000 shares (1.71%)
- Thriveni Earthmovers Private Limited: 95,06,6998 shares (16.88%)
- Sky United LLP: 20,00,000 shares (3.55%)
- Lloyds Enterprises Limited: 2596 shares (0.0005%)
- Crosslink Food and Farms Private Limited: 6,07,20,092 shares (10.79%)
- Lloyds Metals & Minerals Trading LLP: 35,74,1529 shares (6.35%)
- Blossom Trade & Interchange LLP: 1,32,00,000 shares (2.34%)
All these undertakings were created on or around September 4, 2026, and are linked to financing requirements for loans availed by Lloyds Metals and Energy Limited. SBICAP Trustee Company Limited is the entity in whose favor these shares are encumbered.
Source: BSE
