Mukesh Gupta Creates Non-Disposal Undertaking on 11.35 Lakh LMEL Shares

Mukesh Rajnarayan Gupta, a promoter of Lloyds Metals and Energy Limited (LMEL), has entered into a Non-Disposal Undertaking (NDU) with SBICAP Trustee Company Limited. This NDU covers 11,35,700 equity shares, representing 0.20% of the company's total share capital. The undertaking is part of the financing arrangements for a Rupee Term Loan Facility availed by LMEL. While the shares are subject to contractual restrictions on disposal during the NDU period, Gupta retains legal and beneficial ownership, voting rights, and entitlement to dividends. This is a customary arrangement for such financing transactions and does not involve a pledge of shares.