Lloyds Engineering Works Limited

Key Quantitative Figures

  • Number of ESOPs allotted: 2,55,697 (Two Lakh Fifty-Five Thousand Six Hundred Ninety-Seven) Equity Shares
  • Exercise price: ₹9.50 per option
  • Premium per share: ₹8.50
  • Total potential proceeds if all options exercised: ₹24,29,121.5
  • Par value of shares: Re. 1
  • Total issued shares after this issue: 155,12,94,609 Equity Shares
  • Total issued share capital after this issue: ₹155,12,94,609

Dates and Timeline

  • Committee meeting date: November 02, 2026
  • Allotment date: November 02, 2026
  • Vesting date: January 01, 2027
  • Exercise period: Within 3 years from respective vesting date
  • Original ESOP plan filing dates: BSE - May 18, 2022; NSE - June 03, 2022

Parties Involved

  • Regulatory bodies: BSE Limited, National Stock Exchange of India Limited
  • Approving committee: Nomination and Remuneration Committee of the Board
  • Beneficiaries: Eligible employees of the Company, its subsidiaries and associate companies
  • Trust route: Implementation through trust structure

Share Details

  • Distinctive numbers: 155,10,38,913 - 155,12,94,609
  • New shares will rank pari-passu with existing equity shares of the Company
  • No lock-in restrictions applicable

Financial Impact

  • Diluted earnings per share impact: Negligible (as disclosed)
  • No options lapsed as of the date of options exercised
  • No variation of terms of options
  • No subsequent changes or cancellation of options

ESOP Plan Terms

  • Plan name: Lloyds Steels Industries Limited Employee Stock Option Plan – 2021
  • Vesting period: Options vest after 1 year but within 7 years from date of grant
  • Lapse provision: Options not exercised within exercise period shall lapse
  • Compliance: Scheme is in terms of SEBI (Share Based Employee Benefits & Sweat Equity) Regulations, 2021

Corporate Structure Impact

  • Pre-issue share capital: Not explicitly stated
  • Post-issue share capital: ₹155,12,94,609
  • Percentage dilution: Not quantified in disclosure

Additional Information

  • The company has received in-principal approval from both BSE and NSE for the ESOP 2021 plan
  • Implementation is through the trust route
  • Certificate number: Not applicable
  • Listing fees: Not applicable