Renu Rajesh Gupta, Promoter of Lloyds Metals and Energy Limited (LMEL), has filed a disclosure regarding a Non-Disposal Undertaking (NDU). The NDU, dated August 25, 2026, has been entered into with SBICAP Trustee Company Limited in connection with a Rupee Term Loan Facility availed by LMEL. This filing details the encumbrance of 12,04,420 equity shares, representing 0.21% of LMEL’s total equity, ensuring the shares remain subject to contractual restrictions on disposal.
Promoter Discloses Non-Disposal Undertaking
Renu Rajesh Gupta, a promoter of Lloyds Metals and Energy Limited (LMEL), has formally submitted a disclosure concerning a Non-Disposal Undertaking (NDU). This action is in compliance with Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The NDU was executed on August 25, 2026, with SBICAP Trustee Company Limited, acting as the Security Trustee.
Details of the Encumbrance
The undertaking pertains to a Rupee Term Loan Facility that has been availed by LMEL. As part of this financing arrangement, Renu Rajesh Gupta has placed an NDU on 12,04,420 equity shares of LMEL, which constitutes 0.21% of the company’s total equity. The disclosure confirms that these shares are now subject to contractual restrictions regarding their disposal for the duration specified in the NDU and the related financing documents. It is clarified that this arrangement is a standard practice in such financing transactions and does not constitute a pledge of shares. The legal and beneficial ownership, voting rights, and entitlement to dividends remain with the promoter, subject to the terms of the NDU.
No Transfer of Shares
The disclosure further emphasizes that there has been no transfer of these shares to any third-party demat account. The shares continue to be held in Renu Rajesh Gupta’s demat account, with the restrictions imposed by the NDU and the associated financing arrangements in effect. The company will ensure this information is disseminated to all relevant parties.
This disclosure highlights the financing structures undertaken by the company and its promoters, which may influence the shareholding dynamics and market perception.
Source: BSE
