Thriveni Earthmovers Private Limited (TEMPL), a promoter of Lloyds Metals and Energy Limited, has formally disclosed the release of a significant share pledge. On February 10, 2026, a pledge involving 69,46,249 equity shares, representing 1.27% of the paid-up capital, was lifted in favor of Tata Capital Limited. This action follows the execution of a Pledge Agreement dated July 23, 2024, and was reported to the stock exchanges on February 16, 2026.
Disclosure of Share Pledge Release by Promoter
Thriveni Earthmovers Private Limited (“TEMPL”), identified as a promoter of Lloyds Metals and Energy Limited (the “Target Company” or “TC”), has provided a mandatory disclosure regarding a change in the encumbrance status of its shareholding. This filing is made pursuant to the regulations concerning substantial acquisition of shares and takeovers.
Details of the Encumbrance Event
The primary event detailed is the release of a pledge on a specific block of shares held by TEMPL. This pledge had been created in favor of Tata Capital Limited (“Pledgee” / “Lender”) pursuant to a Pledge Agreement executed on July 23, 2024.
- Shares Released: 69,46,249 equity shares.
- Percentage of Total Share Capital: This figure represents 1.27% of the TC’s paid-up share capital.
- Effective Date of Release: The release was effective from February 10, 2026.
- Reason for Release: The event cited for the release was the Closure of loan and release of security.
Impact on Promoter Holding
Prior to this event, TEMPL held an encumbered position of 3,29,10,892 shares (6.03%). Following the release of 69,46,249 shares, the Post event holding of encumbered shares has reduced to 2,59,64,643 shares, equating to 4.76% of the total share capital in favor of Tata Capital Limited.
Overall Promoter Shareholding Context
As per the reporting date of February 16, 2026, the total shareholding reported by TEMPL and associated parties remains substantial. The total initial shareholding reported by TEMPL and Ravi Babulal was 1,19,07,240 shares (2.18%), which shows no creation, release, or invocation on that specific sub-category on the reporting date. However, the overall promoter group exhibits significant holdings across various related entities, demonstrating the continued prominence of the group within the Target Company.
Source: BSE
