Thriveni Earthmovers Private Limited has created a pledge over 7,734,594 equity shares of Lloyds Engineering Works Limited. These shares represent 0.50% of the total equity share capital of Lloyds Engineering Works Limited. The pledge was made in favour of Tata Capital Limited as security for a financial facility availed by a borrower. The creation of this encumbrance is effective from August 28, 2026.
Share Pledge Announced
Thriveni Earthmovers Private Limited (TEMPL) has informed the stock exchanges about the creation of a pledge on a significant portion of its holdings in Lloyds Engineering Works Limited (LEWL). TEMPL, acting as the Pledgor, has pledged 7,734,594 equity shares of LEWL. This quantity constitutes 0.50% of LEWL’s total equity share capital.
Purpose and Beneficiary
The pledge has been established in favour of Tata Capital Limited, acting as the Lender. This encumbrance is part of an Unattested Share Pledge Agreement dated August 13, 2026, executed with Streamland Estate LLP, the Borrower. The primary purpose is to secure a financial facility extended to the Borrower, addressing a shortfall in security cover attributed to a decline in LEWL’s market share price.
Effective Date and Holding
The pledge officially came into effect on August 28, 2026. Prior to this new pledge, Thriveni Earthmovers held a total of 13,39,60,181 shares in LEWL. After the creation of this new pledge, 6,77,34,594 shares out of the total holding are encumbered, representing 4.37% of the total equity. The company states there has been no acquisition or disposal of shares; the transaction solely relates to the creation of this encumbrance.
Source: BSE
