Lloyds Metals Promoter Creates Non-Disposal Undertaking on 2.34% Shares

Blossom Trade & Interchange LLP, 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 1,32,00,000 equity shares, representing 2.34% of LMEL's total share capital. The undertaking is part of financing arrangements for a Rupee Term Loan Facility availed by LMEL. The NDU imposes contractual restrictions on the disposal of these shares during the applicable period, but the LLP retains legal and beneficial ownership, voting rights, and entitlement to dividends. This is a customary arrangement in financing transactions and does not involve a pledge or transfer of shares.