Lloyds Metals Promoter Ravi Agarwal Files Non-Disposal Undertaking
Ravi Babulal Agarwal, a promoter of Lloyds Metals and Energy Limited (LMEL), has filed a disclosure regarding a Non-Disposal Undertaking (NDU) entered into with SBICAP Trustee Company Limited. This NDU pertains to 11,907,240 equity shares, representing 2.12% of LMEL's total share capital. The undertaking was created on September 4, 2026, as a requirement for a Rupee Term Loan Facility availed by LMEL. Agarwal clarifies that this is a contractual restriction on disposal and not a pledge, with legal and beneficial ownership, voting rights, and dividend entitlements remaining with him, subject to the NDU terms. Similar NDUs have also been filed by other promoters, Mukesh Rajnarayan Gupta and Renu Rajesh Gupta.
Key Highlights
- Promoter Ravi Babulal Agarwal filed a Non-Disposal Undertaking (NDU).
- The NDU covers 2.12% of Lloyds Metals' equity shares (11,907,240 shares).
- It's related to a Rupee Term Loan Facility for the company.
- Ownership and voting rights remain with the promoter.
- Other promoters also filed similar undertakings.
Price Impact
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