SBICAP Trustee Company Limited has disclosed a pledge of shares concerning Lloyds Metals & Energy Limited, as per SEBI regulations. Sky United LLP, identified as the ‘Pledgor’, has pledged 2,00,00,000 shares, representing 3.55% of the total share capital. This action was taken in SBICAP’s capacity as the Security Trustee for the benefit of the Lenders. The pledge was formalized on August 26, 2026.
Disclosure of Share Pledge
SBICAP Trustee Company Limited has submitted disclosures regarding a pledge of shares in Lloyds Metals & Energy Limited, adhering to Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure pertains to a pledge of shares created in favour of SBICAP Trustee Company Limited by Sky United LLP, acting as the ‘Pledgor’.
Key Details of the Pledge
The pledge involves 2,00,00,000 equity shares of Lloyds Metals & Energy Limited. These shares represent 3.55% of the total share capital of the company. SBICAP Trustee Company Limited acts in its capacity as the Security Trustee for the benefit of the Lenders of Lloyds Metals & Energy Limited.
The date of acquisition or receipt of intimation for this pledge was August 26, 2026. The disclosure also notes that prior to this pledge, the holding of the acquirer (SBICAP Trustee Company Limited) along with Persons Acting in Concert (PACs) in the nature of encumbrance was 2,00,00,000 shares (3.55%). Post the pledge, the holding remains the same at 2,00,00,000 shares (3.55%).
The equity share capital of the Target Company, Lloyds Metals & Energy Ltd, as of June 30, 2026, was 56,29,06,951 equity shares of Rs. 1/- each, aggregating to Rs. 56,29,06,951/-. The total diluted share/voting capital after the said transaction remains unchanged.
Source: BSE
