Thriveni Earthmovers Private Limited has announced the release of a pledge on 16,96,200 equity shares of Lloyds Metals and Energy Limited. This transaction, effective March 30, 2026, represents approximately 0.30% of the target company’s total paid-up share capital. The shares were previously held as collateral security for a loan facility provided by RBL Bank Limited.
Details of Share Pledge Release
Thriveni Earthmovers Private Limited, a promoter entity of Lloyds Metals and Energy Limited, has successfully reduced its encumbered shareholding. As per the recent disclosure, a total of 16,96,200 equity shares, which accounted for 0.30% of the target company’s paid-up share capital, have been released from a pledge in favor of RBL Bank Limited.
Context and Impact
The release of these shares, effective from March 30, 2026, follows a pledge agreement originally entered into on November 4, 2024. The pledged shares had served as collateral security for a cash credit facility provided to Thriveni Sainik Mining Private Limited. Following this event, the promoter’s total pledged holding in the company has been adjusted, reflecting the ongoing management of financial liabilities and security arrangements associated with the group’s credit facilities.
Source: BSE
