The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 07, 2026 for Thriveni Earthmovers Pvt Ltd
LLOYDSME · price
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Thriveni Earthmovers Pvt Ltd (TEMPL), a promoter of Lloyds Metals and Energy Ltd, has released a pledge on 64,28,883 equity shares (about 2.18% of paid-up share capital) with effect from 06 March 2026. The release happened because Optionally Fully Convertible Debentures (OFCDs), held against the pledged shares with Catalyst Trusteeship Ltd acting as Debenture Trustee, were converted into equity. As a result, TEMPL's promoter holding in Lloyds Metals rose from 1,31,21,610 shares (2.41%) to 1,95,50,493 shares (3.59%). The disclosure was filed under SEBI Takeover Regulations, 2011 on 07 March 2026.
This is a positive development — the promoter has shed pledged shares and simultaneously grown its equity stake via debenture conversion, reducing encumbrance risk on the stock. Lower pledged shares typically ease concerns about forced selling and signal stronger promoter confidence.