
Shareholding8 Sept 2026, 05:51 pm
Lloyds Metals Promoter Creates Non-Disposal Undertaking for Loan
AI Summary
Shreekrishna Mukesh 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, dated August 25, 2026, covers 9,000,000 equity shares, representing 1.60% of LMEL's total share capital. The undertaking is part of financing arrangements for a Rupee Term Loan Facility availed by LMEL. While the shares are subject to contractual restrictions on disposal, legal and beneficial ownership, voting rights, and entitlement to dividends remain with Mr. Gupta. This disclosure is made under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Key Highlights
- Promoter Shreekrishna Mukesh Gupta created a Non-Disposal Undertaking.
- NDU covers 9,000,000 shares (1.60% of equity).
- Undertaking is for a Rupee Term Loan Facility for LMEL.
- Legal ownership and voting rights remain with the promoter.
- Disclosure filed under SEBI SAST Regulations, 2011.
Price Impact
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