Thriveni Earthmovers Private Limited, a promoter of Lloyds Metals and Energy Limited, has released the pledge on 11,40,000 equity shares (0.21% of share capital) of Lloyds Metals in favor of DSP Finance Private Limited, effective January 20, 2026. The release is due to a pledge agreement dated December 24, 2024. Post-release, Thriveni Earthmovers’ encumbered shares stand at 7.81% of the total share capital.
Details of Encumbrance Release
Thriveni Earthmovers Private Limited, a promoter of Lloyds Metals and Energy Limited, announced the release of encumbrance on 11,40,000 equity shares, representing 0.21% of the total share capital. The release came into effect on January 20, 2026.
Background and Agreement
The encumbrance release is linked to an Unattested Pledge Agreement dated December 24, 2024, between Thriveni Earthmovers and DSP Finance Private Limited. The pledge served as collateral security for a term loan availed by Thriveni Earthmovers.
Post-Release Shareholding
Following the release of the pledge, the total number of encumbered shares held by Thriveni Earthmovers stands at 4,25,29,929, which is 7.81% of the total share capital. Other promoters like Crosslink Food and Farms Private Limited hold 63,62,744 shares (1.12%) under encumbrance.
Source: BSE
