StockWatch
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Industrial Products
Shareholding31 Aug 2026, 10:19 am

Lloyds Engineering: Thriveni Earthmovers Pledges 0.50% Stake

AI Summary

Thriveni Earthmovers Private Limited has pledged 7,734,594 equity shares, representing 0.50% of its holding in Lloyds Engineering Works Limited (LEWL), in favor of Tata Capital Limited. This pledge, effective August 28, 2026, was created under an Unattested Share Pledge Agreement dated August 13, 2026. The purpose is to secure a financial facility availed by Streamland Estate LLP and to meet a shortfall in security cover due to a decline in LEWL's share price. Thriveni Earthmovers' total holding in LEWL remains at 8.64% (13,39,60,181 shares), with 4.37% (6,77,34,594 shares) now encumbered.

Key Highlights

  • Thriveni Earthmovers pledges 0.50% stake in Lloyds Engineering.
  • Pledge secures financial facility for Streamland Estate LLP.
  • Created due to decline in LEWL's market share price.
  • Thriveni's total holding in LEWL remains significant.
  • Disclosure made under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.