StockWatch
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Sponge Iron
Shareholding20 Jun 2026, 05:20 pm

Lloyds Metals: Promoter Thriveni Earthmovers Releases 6 Lakh Shares Pledge

AI Summary

Thriveni Earthmovers Private Limited (TEMPL), a promoter of Lloyds Metals and Energy Limited (TC), has released its pledge on 6,00,000 equity shares (0.10% of paid-up capital) of TC. This release, effective June 11, 2026, is due to an increase in the market value of the pledged shares, which served as collateral for financial assistance availed by Sky United LLP (Borrower) from Jio Credit Limited (Lender). The pledge was originally established via an Unattested Share Pledge Agreement dated December 26, 2025.

Key Highlights

  • Promoter Thriveni Earthmovers released pledge on 6 lakh shares.
  • Release is due to increased market value of collateral.
  • Shares were pledged for financial assistance to Sky United LLP.
  • This action relates to SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.