StockWatch
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Sponge Iron
Shareholding29 Aug 2026, 11:30 am

SBICAP Trustee Discloses Pledge of Lloyds Metals Shares

AI Summary

SBICAP Trustee Company Ltd has filed a disclosure under SEBI regulations regarding the pledge of shares in Lloyds Metals & Energy Ltd. The pledge was created by Lloyds Metals & Minerals Trading LLP in favour of SBICAP Trustee Company Ltd as Security Trustee for the benefit of lenders. Prior to this action, SBICAP Trustee held 2,00,00,000 shares, representing 3.55% of the total share capital. Following the pledge, their holding, including encumbered shares, increased to 4,00,00,000 shares, representing 7.10% of the total share capital. The pledge is effective until August 27, 2026.

Key Highlights

  • SBICAP Trustee Company Ltd filed a disclosure regarding share pledge.
  • Lloyds Metals & Energy Ltd shares were pledged by a related LLP.
  • SBICAP Trustee's encumbered shareholding increased to 7.10%.
  • The pledge is valid until August 27, 2026.
  • This filing relates to substantial acquisition of shares regulations.