Thriveni Earthmovers Private Limited (TEMPL), a promoter of Lloyds Metals and Energy Limited (TC), has officially reported the release of a share pledge. The release affects 64,14,150 equity shares, representing 1.18% of the TC’s paid-up capital. This action, effective from February 19, 2026, was executed in favor of ICICI Bank Limited, pursuant to the terms of an Unattested Pledge Agreement dated May 29, 2024.
Promoter Disclosure of Share Encumbrance Status Change
This disclosure, made by Thriveni Earthmovers Private Limited (“TEMPL”), identifies its role as a promoter holding in Lloyds Metals and Energy Limited (“TC”). The report is being submitted to the stock exchanges on 23rd February, 2026, detailing an event that occurred on 19th February, 2026.
Details of Share Pledge Release
TEMPL, acting as the “Pledgor” or “Borrower,” has finalized the release of a share pledge with ICICI Bank Limited, the “Pledgee” or “Lender.” The specific event detailed is a Release concerning 64,14,150 equity shares, which constituted 4.76% of the total share capital held by TEMPL at the time the pledge was created (or a previous reference point). The reason cited for this release is the Closure of loan and release of security.
The initial holding by TEMPL before this release was 10,00,05,501 shares (18.34%). Following the release of 64,14,150 shares, the Post event holding of encumbered shares now stands at 1,95,50,493 shares (3.59%) held in favor of ICICI Bank Limited.
Other Promoter Holdings Summary
The filing also provides an updated schedule of shareholdings for other associated promoters within the group as of the reporting date. Key highlights from the detailed schedule include:
- Ravi Babulal Agarwal: Holding 1,19,07,240 shares (2.18%) with Nil encumbrance reported.
- Crosslink Food and Farms Private Limited: Holding 6,55,58,548 shares (12.03%), with an encumbered position of 89,65,409 shares (1.64%) in favor of a party yet to be named in the summary section (indicated by N.A. in the final column, but related to a previous encumbrance figure of 89,65,409 shares).
- Lloyds Metals and Minerals Trading LLP: Holding 3,57,41,529 shares (6.56%) with Nil encumbrance.
The overall documentation confirms compliance with the necessary disclosure formats concerning the promoter group’s security arrangements against the target company’s equity.
Source: BSE
