Thriveni Earthmovers Private Limited has released its pledge on 64,28,883 equity shares of Lloyds Metals and Energy Limited, effective 06th March, 2026. The release followed the conversion of Optionally Fully Convertible Debentures under the Share Pledge Agreement with Catalyst Trusteeship Limited. This reduced the promoter's encumbered shareholding from 3.59% to 2.41% while maintaining its total 18.34% stake in the company.
Lloyds Metals and Energy: Promoter Releases Pledge on 64.29 Lakh Equity Shares Following Debenture Conversion
Lloyds metals & energy has received disclosure from its promoter Thriveni Earthmovers Private Limited regarding the release of pledge on 64,28,883 equity shares. The pledge release became effective from 06th March, 2026, following the conversion of Optionally Fully Convertible Debentures as per the terms of the Share Pledge Agreement.
Pledge Release Details
The pledge release was executed under clauses 3.3.1 and 3.3.5 of the Unattested Share Pledge Agreement dated 07th February, 2024. This agreement was originally executed between Thriveni Earthmovers Private Limited and Catalyst Trusteeship Limited, which acts as Debenture Trustee for the subscribers of Optionally Fully Convertible Debentures.
Parameter: Details Shares Released: 64,28,883 equity shares Release Date: 06th March, 2026 Reason: Conversion of Optionally Fully Convertible Debentures Debenture Trustee: Catalyst Trusteeship Limited
Impact on Shareholding Structure
Following the pledge release, Thriveni Earthmovers Private Limited's encumbered shareholding has been significantly reduced. The company continues to maintain its position as a key promoter while reducing its pledge obligations.
Shareholding Details: Before Release After Release Total Holding: 10,00,05,501 shares (18.34%) 10,00,05,501 shares (18.34%) Encumbered Shares: 1,95,50,493 shares (3.59%) 1,31,21,610 shares (2.41%) Released Shares: - 64,28,883 shares (1.18%)
Debenture Conversion Framework
The pledge release stems from the conversion mechanism built into the Optionally Fully Convertible Debentures structure. The original pledge was created to secure the interests of debenture holders, including Kemwell Biopharma Private Limited, Kemfin Services Private Limited, and Anand Jaikumar Jain as Trustee of KJ Trust.
Regulatory Compliance
The disclosure has been made in compliance with Regulation 31(1) and 31(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The company has informed both BSE Limited and National Stock Exchange of India Limited about this development, ensuring full transparency with market participants and regulatory authorities.
Lloyds Metals & Energy Limited has issued a clarification to BSE Limited regarding the recent increase in trading volume of its equity shares, responding to an inquiry from the stock exchange dated 06th March, 2026.
BSE Inquiry and Company Response
The clarification was issued in response to BSE's email bearing reference number L/SURV/ONL/PV/APJ/2025-2026/956, which sought explanation for the volume movement in the company's equity shares. Company Secretary Akshay Vora signed the response on behalf of the company.
Parameter Details BSE Scrip Code 512455 Inquiry Date 06th March, 2026 Response Date 06th March, 2026 Signatory Akshay Vora, Company Secretary Membership No. ACS43122
Regulatory Compliance Statement
The company confirmed that there is no pending information or announcement which, under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, is required to be disclosed to stock exchanges. The management emphasized that no undisclosed information exists that could potentially impact the price or volume behavior of the company's scrip.
Market-Driven Volume Movement
Lloyds Metals attributed the increased trading volume to market conditions, stating that the movement is purely market-driven and related to prevailing market conditions. The company's management clarified that they have no control over, nor any knowledge of, the specific reasons behind the increased trading volume.
Commitment to Disclosure Requirements
The company reaffirmed its commitment to regulatory compliance, stating that it has been regularly disseminating all Unpublished Price Sensitive Information (UPSI) as required under Regulation 30 and other applicable provisions of the Listing Regulations. The management assured continued adherence to these disclosure requirements.
Company Information
Lloyds Metals and Energy Limited operates from its registered office at Plot No: A 1-2, MIDC Area, Ghugus, District Chandrapur, Maharashtra, with its corporate office located in Mumbai. The company maintains its commitment to transparency and regulatory compliance in all its communications with stock exchanges and stakeholders.
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