Promoter creates pledge over 1,10,00,000 shares (0.71%) in favour of Aditya Birla Capital
Promoter Lloyds Enterprises Limited has created a pledge on 07 October 2026 over 1,10,00,000 equity shares of the company.
By ScoutQuest · · 2 min read
- Shares Pledged
- 1,10,00,000 equity shares (0.71% of total share capital)
- Encumbered Promoter Shares After Creation
- 12,72,00,000, or 8.20% of total share capital
- Promoter Holding
- 48,33,26,722 shares (31.16%)
What the update says
Lloyds Enterprises Limited, the promoter of Lloyds Engineering Works Limited, has created a pledge on 07 October 2026 over 1,10,00,000 equity shares of the target company in favour of Aditya Birla Capital Limited. The pledge was created under an Assignment and Transfer Deed dated 30 September 2026.
The key numbers
- Shares pledged: 1,10,00,000, which is 0.71% of the total share capital.
- Promoter holding in the target company: 48,33,26,722 shares, or 31.16% of total share capital.
- Encumbered promoter shares after this creation: 12,72,00,000, that is 8.20% of total share capital.
- Facility involved: ₹40 crore, out of total facilities of ₹219 crore sanctioned under a loan arrangement with Tata Capital Limited, the existing lender and arranger.
Why the shares were pledged
The update states that ABCL has agreed to participate as an acceding lender in respect of the facility mentioned above, under a syndication arrangement. The creation of the pledge is stated to be in connection with the financing arrangements of the Company and to secure the obligations towards the lender.
What a pledge means
A pledge is one form of encumbrance. The promoter continues to hold these shares, and this event by itself does not change the ownership of the shares. What changes is that the shares are now marked as security in favour of the lender, who can invoke the pledge if the underlying obligations are not met.
What to keep in mind
- These are shares held by Lloyds Enterprises Limited as promoter, and the encumbrance is at that level.
- Promoter holding remains 48,33,26,722 shares, or 31.16% of total share capital, and total encumbered promoter shares now stand at 12,72,00,000 shares, or 8.20% of total share capital.
- The pledge of 1,10,00,000 shares equals 0.71% of total share capital, relatively small in relation to the promoter's overall holding.
Also from Lloyds Engineering Works
Unsecured creditors' meeting held on the proposed scheme of merger by absorption
16 Oct 2026
Court-convened equity shareholders' meeting on merger scheme held; voting results to follow
16 Oct 2026
Promoter releases pledge on 1,80,00,000 equity shares
13 Oct 2026
More numbers
- Equity shares of the target company pledged1,10,00,000
- Pledged shares as % of total share capital0.71
- Promoter holding in target company48,33,26,722
- Promoter holding as % of total share capital31.16
- Encumbered promoter shares after the event12,72,00,000
- Encumbered shares as % of total share capital after the event8.20
- Facility for which ABCL accedes as lender₹40,00,00,000
- Total facilities sanctioned₹219,00,00,000
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