Thriveni Earthmovers Private Limited has released a pledge on 22,00,000 equity shares of Lloyds Metals and Energy Limited, representing 0.42% of the paid-up share capital. The release, effective from November 4, 2025, was in favor of YES Bank Limited. This announcement details the change in the encumbrance status of the shares.
Details of Share Pledge Release
Thriveni Earthmovers Private Limited (TEMPL), a promoter of Lloyds Metals and Energy Limited, has released a pledge on a portion of its shareholding. According to the announcement, 22,00,000 equity shares, constituting 0.42% of the company’s paid-up capital, have been released from a pledge.
Parties Involved and Effective Date
The release of the pledge, which was previously held with YES Bank Limited, became effective on November 4, 2025. This action modifies the encumbrance status of these shares, reducing the number of shares under pledge.
Remaining Encumbered Shares
Following this release, Thriveni Earthmovers Private Limited continues to have 4,14,07,921 shares encumbered, which represents 7.84% of the total share capital. The announcement clarifies the adjustment in the company’s share encumbrance status after this transaction. The total promoter shareholding in the target company is 18.92%.
Source: BSE
