StockWatch
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Sponge Iron
Loan & Debt10 Sept 2026, 03:45 pm

Lloyds Metals Promoter Abha Gupta Files Non-Disposal Undertaking

AI Summary

Abha Gupta, a promoter of Lloyds Metals and Energy Limited (LMEL), has filed a Disclosure under SEBI (SAST) Regulations, 2011, regarding a Non-Disposal Undertaking (NDU). The NDU, dated August 25, 2026, was entered into with SBICAP Trustee Company Limited in connection with a Rupee Term Loan Facility availed by LMEL. This undertaking restricts the disposal of 1,169,540 equity shares (0.21% of total share capital) held by Abha Gupta during the applicable period. The NDU is a customary arrangement for financing and does not involve a pledge of shares; Abha Gupta retains legal and beneficial ownership, voting rights, and entitlement to dividends.

Key Highlights

  • Promoter Abha Gupta filed a Non-Disposal Undertaking (NDU) for 0.21% shares.
  • The NDU is related to a Rupee Term Loan Facility for LMEL.
  • Shares are subject to disposal restrictions, not pledged.
  • Legal ownership and voting rights remain with the promoter.
  • NDU is a standard financing arrangement.