StockWatch
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Sponge Iron
Shareholding11 Sept 2026, 10:03 am

Renu Rajesh Gupta Files Non-Disposal Undertaking for LMEL Shares

AI Summary

Renu Rajesh Gupta, a promoter of Lloyds Metals and Energy Limited (LMEL), has filed a disclosure under SEBI regulations regarding a Non-Disposal Undertaking (NDU) executed on August 25, 2026. The NDU pertains to 1,204,420 equity shares, representing 0.21% of the company's total share capital. This undertaking was provided to SBICAP Trustee Company Limited as part of financing arrangements for a Rupee Term Loan Facility availed by LMEL. The shares remain under Renu Rajesh Gupta's legal and beneficial ownership, with voting rights and dividend entitlements intact, subject to the NDU terms. This is a contractual restriction on disposal, not a pledge.

Key Highlights

  • Promoter Renu Rajesh Gupta entered a Non-Disposal Undertaking (NDU).
  • NDU covers 1,204,420 equity shares (0.21%) of LMEL.
  • Undertaking is for a Rupee Term Loan Facility for the company.
  • Legal ownership and voting rights remain with the promoter.
  • No pledge created; shares remain in promoter's demat account.