Thriveni Earthmovers creates pledge on 0.50% stake in Lloyds Engg Works
LLOYDSENGG · price
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On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 0.3 pts less than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Thriveni Earthmovers Pvt Ltd (holding 8.64% in Lloyds Engineering Works) has pledged an additional 77,34,594 shares (0.50% of equity capital) in favour of Tata Capital Ltd, effective 28 Aug 2026. The pledge was created due to a shortfall in security cover caused by a decline in LEWL share price. Total pledged shares now stand at 6,77,34,594 (4.37% of capital). No shares were bought or sold.
Additional pledge on shares due to price decline raises risk concerns for shareholders, though no change in ownership occurred.