Thriveni Earthmovers Submits Revised Share Pledge Filings for Lloyds Engineering Works After Exchange Notice — November 13, 2026

Major shareholder Thriveni Earthmovers Private Limited (TEMPL) has submitted revised shareholding and encumbrance disclosures for Lloyds Engineering Works Limited (LEWL). The updated filings were made under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The revised submissions follow a regulatory communication from stock exchanges dated November 12, 2026, which flagged discrepancies in disclosures originally filed on August 14, August 29, and October 3, 2026. The initial filings had omitted critical transactional details, specifically the exact dates and modes governing the creation, release, or transfer of share pledges.

Key Disclosures Rectified in the Submissions:

• August 13, 2026 Pledge Creation: TEMPL created a pledge over 6,00,00,000 equity shares of Lloyds Engineering Works (representing 4.05% of total share capital and 4.01% on a diluted basis) in favour of Tata Capital Limited. The pledge was executed to secure a credit facility availed by borrower Streamland Estate LLP under an unattested share pledge agreement.
• August 28, 2026 Margin Pledge: An additional pledge over 7,734,594 equity shares (0.50% of the company's capital) was created in favour of Tata Capital Limited. This step was taken to meet a collateral shortfall caused by a decline in the secondary market price of Lloyds Engineering Works shares.
• October 1, 2026 Tranche Realignment: Filings addressed simultaneous release and creation actions involving 1,24,00,000 equity shares (0.80% of capital) pledged in favour of Aditya Birla Capital Limited, arising from a debt selldown by Tata Capital on the Streamland Estate facility.

Across all the revised filings, Thriveni Earthmovers emphasized that no acquisition or disposal of equity took place. TEMPL's overall voting holding in Lloyds Engineering Works remains unchanged at 13,39,60,181 shares, representing approximately 8.64% to 9.05% of the voting share capital depending on conversion bases. Encumbered shares stood at 6,77,34,594 shares, or 4.37% of the equity capital, during the August transactions before adjusting for subsequent facility rearrangements.

Regulatory Compliance and Market Context

Under SEBI's SAST Regulations, shareholders holding substantial voting rights or encumbrances must provide unambiguous documentation of transaction mechanisms—including execution dates, pledgee identity, and contractual mode—to prevent market asymmetries. TEMPL confirmed that the amendments were purely corrective in nature to cure accidental omissions without altering the underlying transaction terms or economic ownership.

For investors in the Indian capital goods and engineering sectors, monitoring promoter and non-promoter substantial shareholder pledges is critical. Fluctuations in pledge coverage ratios and subsequent margin-top requirements can affect market liquidity and trading patterns, making timely regulatory disclosures essential for price discovery.