Promoter releases pledge on 1,80,00,000 equity shares
Promoter Lloyds Enterprises Ltd has released a pledge on 1,80,00,000 (One Crore Eighty Lakhs) equity shares of Lloyds Engineering Works Ltd.
By ScoutQuest · · 2 min read
- Shares Released from Pledge
- 1,80,00,000 equity shares (1.16% of total share capital)
- Promoter Holding
- 48,33,26,722 shares (31.16% of total share capital)
- Encumbered Shares Post Release
- 10,92,00,000 (7.04%), down from 12,72,00,000 (8.20%)
What was announced
Lloyds Enterprises Limited, a promoter of Lloyds Engineering Works Limited, has released a pledge on 1,80,00,000 (One Crore Eighty Lakhs) equity shares of the target company. The shares were pledged under a Share Pledge Agreement dated 13th August, 2026 executed with Tata Capital Limited, and the release of pledge was effected on 08th October, 2026.
How the promoter holding looks after the release
- Lloyds Enterprises Limited held 48,33,26,722 shares, or 31.16% of the total share capital (30.86% of the diluted share capital).
- Before this event, 12,72,00,000 shares, or 8.20% of the total share capital, were already encumbered.
- After the release, the post-event holding of encumbered shares stands at 10,92,00,000 shares, or 7.04% of the total share capital.
- The release itself was 1,80,00,000 shares, equal to 1.16% of the total share capital, and the encumbrance was in favour of Tata Capital Limited.
Why the release was done
The update states that the release of pledged shares is undertaken in line with prudent financial management, while ensuring that the lender's interests remain fully protected.
Other promoters named in the disclosure
- Lloyds Metals and Minerals Trading LLP: 6,84,23,160 shares (4.41% of total share capital; 4.37% of diluted share capital).
- Aeon Trading LLP: 6,84,23,160 shares (4.41%; 4.37% of diluted share capital).
- Ravi Agarwal: 79,169 shares (0.01%). Mukesh Rajnarayan Gupta: 68,394 shares (0.00%). Renu Rajesh Gupta: 19,291 shares (0.00%). Abha Gupta: 10,771 shares (0.00%). Rajesh Rajnarayan Gupta: 59,875 shares (0.00%).
- These other promoter entities show no encumbrance of shares.
What this means in simple terms
A pledge is when shares are given as security against a loan. When a pledge is released, those shares are no longer held as security, so the quantity of promoter shares marked as encumbered comes down. Here, the update records the type of event as a release and the type of encumbrance as a pledge, with Tata Capital Limited as the entity in whose favour the shares were encumbered. The disclosure is made under Regulation 31 of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.
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 creates pledge over 1,10,00,000 shares (0.71%) in favour of Aditya Birla Capital
13 Oct 2026
More numbers
- Equity shares released from pledge1,80,00,000
- Promoter holding already encumbered (shares)12,72,00,000
- Promoter holding already encumbered (percent of total share capital)8.20%
- Post-event holding of encumbered shares10,92,00,000
- Post-event encumbered shares as percent of total share capital7.04%
- Promoter holding in target company (shares)48,33,26,722
- Promoter holding as percent of total share capital31.16%
- Shares released as percent of total share capital1.16%
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