Thriveni Earthmovers Private Limited, a promoter of Lloyds Metals and Energy Limited, has released a pledge on 11,40,000 equity shares (0.21% of paid-up share capital) of Lloyds Metals in favor of DSP Finance Private Limited, effective January 20, 2026. This release is part of an agreement dated December 24, 2024.
Partial Pledge Release
Thriveni Earthmovers Private Limited (TEMPL), a promoter of Lloyds Metals and Energy Limited (LMEL), has released a portion of its pledged shares.
Details of the Release
Effective January 20, 2026, TEMPL released a pledge on 11,40,000 equity shares of LMEL. These shares represent approximately 0.21% of the paid-up share capital of the company. The release was executed in favor of DSP Finance Private Limited, as part of an Unattested Pledge Agreement. The original agreement was dated December 24, 2024. This action reduces the total number of pledged shares, with remaining encumbered shares totaling to 5,63,35,572 or 10.35% of total share capital.
Remaining Encumbrance
After the pledge release, the total number of encumbered shares held by Thriveni Earthmovers stands at 5,63,35,572 shares, which represents approximately 10.35% of the total share capital.
Source: BSE
