Madhur Rajesh Gupta, Promoter of Lloyds Metals and Energy Limited (LMEL), has disclosed the creation of a Non-Disposal Undertaking (NDU) for 600,000 equity shares, representing 0.11% of the company’s total equity. This NDU, dated August 25, 2026, was established in connection with a Rupee Term Loan Facility availed by LMEL from SBICAP Trustee Company Limited. The shares remain under Mr. Gupta’s legal and beneficial ownership, with voting rights and dividend entitlements continuing to be held by him, subject to the financing terms.
Promoter Disclosure on Share Encumbrance
Madhur Rajesh Gupta, a key promoter of Lloyds Metals and Energy Limited (LMEL), has officially notified the stock exchanges regarding the creation of a Non-Disposal Undertaking (NDU). This disclosure, made on September 10, 2026, pertains to 600,000 equity shares, which constitute 0.11% of LMEL’s total issued and paid-up share capital. The NDU was formally executed on August 25, 2026, with SBICAP Trustee Company Limited, acting as the Security Trustee.
Rationale and Terms of the Undertaking
The creation of this NDU is a part of the financing arrangements for a Rupee Term Loan Facility that has been availed by LMEL. This type of undertaking is described as a customary arrangement within financing transactions of this nature and quantum. The encumbered shares are subject to contractual restrictions on their disposal during the term of the facility, as outlined in the applicable financing documents.
Ownership and Rights Status
Despite the NDU, Mr. Madhur Rajesh Gupta clarifies that he has not created a pledge over these shares. The legal and beneficial ownership of the shares continues to reside with him. Furthermore, the voting rights attached to these shares remain exercisable by Mr. Gupta, subject to the terms stipulated in the NDU and the related financing agreements. He also retains entitlement to dividends and other economic benefits derived from these shares, in accordance with applicable laws and the financing documents.
Share Holding Status
The shares subject to the NDU continue to be held in Mr. Gupta’s demat account, and there has been no transfer of these shares to any third-party demat account. The encumbrance is solely due to the restrictions imposed by the NDU and the associated financing arrangements.
The disclosure also includes details for other promoters who have entered into similar Non-Disposal Undertakings in relation to financing facilities. Notably:
- Ravi Babulal Agarwal has an NDU covering 1,190,7240 shares (2.12%) created on September 4, 2026, for financing documents related to a term loan for LMEL.
- Mukesh Rajnarayan Gupta has an NDU for 1,135,700 shares (0.20%) created on September 4, 2026, for similar financing purposes.
- Renu Rajesh Gupta has an NDU for 1,204,420 shares (0.21%) created on September 4, 2026, for financing documents related to a term loan for LMEL.
- Abha Gupta has an NDU for 1,169,540 shares (0.21%) created on September 4, 2026, for financing documents related to a term loan for LMEL.
- Rajesh Rajnarayan Gupta has an NDU for 602,820 shares (0.11%) created on September 4, 2026, for financing documents related to a term loan for LMEL.
- Madhur Rajesh Gupta (another entry) has an NDU for 9,600,000 shares (1.71%) created on September 4, 2026, for financing documents related to a term loan for LMEL.
- Priyanka Rajesh Gupta (associated with Shreekrishna Mukesh Gupta) has an NDU for 602,000 shares (0.11%) created on September 4, 2026, for financing documents related to a term loan for LMEL.
- Crosslink Food and Farms Private Limited has an NDU for 55,639,683 shares (9.88%) created on September 4, 2026, for financing documents related to a term loan for LMEL.
- Lloyds Metals & Minerals Trading LLP has an NDU for 15,741,529 shares (2.80%) created on September 4, 2026, for financing documents related to a term loan for LMEL.
- Blossom Trade & Interchange LLP has an NDU for 1,320,000 shares (2.34%) created on September 4, 2026, for financing documents related to a term loan for LMEL.
Source: BSE
