SBICAP Trustee discloses NDU creation of 18.09 percent Lloyds Metals shares
LLOYDSME · price
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On the reaction day the stock moved 1.2 pts more than Nifty Midcap 150 and 1.4 pts more than its Industrial Minerals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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SBICAP Trustee Company, acting as Security Trustee for lenders of Lloyds Metals and Energy, disclosed creation of a Non-Disposal Undertaking over 10,18,02,932 shares (18.09 percent of capital) on September 4, 2026. The NDU was given by promoters and group entities including Mukesh Rajnarayan Gupta, Shreekrishna Gupta, Rajesh Gupta and related LLPs as security for company borrowings. Total encumbered shares now stand at 24,98,92,164 shares equal to 44.39 percent of capital. No change in actual share ownership.
Promoter-group encumbrance rises to 44.39 percent of shares, raising risk concerns if company loan defaults occur.