StockWatch
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Sponge Iron
Loan & Debt11 Sept 2026, 10:06 am

Lloyds Metals Promoter Shreekrishna Gupta Files NDU for 0.20% Shares

AI Summary

Shreekrishna Mukesh Gupta, a promoter of Lloyds Metals and Energy Limited (LMEL), has filed a disclosure under SEBI's SAST Regulations 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 1,135,700 equity shares, representing 0.20% of LMEL's total share capital, held by Mr. Gupta. The shares remain under his legal and beneficial ownership, with voting rights and dividend entitlements preserved, subject to the NDU terms. This is a standard financing arrangement and not a pledge.

Key Highlights

  • Promoter Shreekrishna Mukesh Gupta filed NDU for 0.20% shares.
  • NDU is for a Rupee Term Loan Facility availed by LMEL.
  • Shares are subject to disposal restrictions, not pledged.
  • Legal ownership and voting rights remain with the promoter.
  • NDU is a standard financing arrangement.