
Loan & Debt9 Sept 2026, 06:00 pm
Lloyds Metals Promoter Places 2.80% Stake Under Non-Disposal Undertaking
AI Summary
Lloyds Metals & Minerals Trading LLP, a promoter of Lloyds Metals and Energy Limited (LMEL), has entered into a Non-Disposal Undertaking (NDU) covering 1,57,41,529 equity shares, representing 2.80% of LMEL's total share capital. This NDU, dated August 25, 2026, was executed with SBICAP Trustee Company Limited as Security Trustee in connection with a Rupee Term Loan Facility availed by LMEL. The shares remain under the LLP's legal and beneficial ownership, with voting rights and dividend entitlements intact, subject to the NDU terms. This is a standard arrangement for financing and does not involve a pledge or transfer of shares.
Key Highlights
- Promoter places 2.80% stake under Non-Disposal Undertaking.
- NDU is for a Rupee Term Loan Facility availed by LMEL.
- Legal ownership and voting rights remain with the promoter.
- No pledge or transfer of shares has occurred.
- Arrangement is part of standard financing terms.
Price Impact
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