The Nomination and Remuneration Committee (NRC) of Lloyds Engineering Works Limited, via a Circular Resolution passed on October 10, 2026, approved the grant of Employee Stock Options under the "Lloyds Steels Industries Limited Employee Stock Option Plan – 2021" (ESOP 2021).
Total ESOPs Granted:
- 12,17,000 (Twelve Lakh Seventeen Thousand) options granted to eligible employees of Lloyds Engineering Works Limited.
- 10,35,050 (Ten Lakh Thirty-Five Thousand Fifty) options granted to eligible employees of its subsidiary, Steel Infra Solutions Company Limited (SISCOL).
- Total Grant: 22,52,050 options.
Exercise Price: ₹9.50 per option for all grants.
Plan Compliance: The ESOP 2021 scheme is in terms of the SEBI (Share Based Employee Benefits & Sweat Equity) Regulations, 2021. The company has received in-principle approval for this plan from both BSE Limited and the National Stock Exchange of India Limited.
Share Conversion: Upon exercise, each option will convert into one equity share of the company. Therefore, the total number of potential new shares is 22,52,050.
Vesting and Exercise Terms: The granted options have a minimum vesting period of one (1) year from the date of grant. Each tranche of options must be exercised within 3 years from its respective vesting date, as per the vesting schedule specified in the individual grant letters.
Disclosures: The announcement is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Detailed disclosures are provided in the annexed Annexure A (for the company's employees) and Annexure B (for the subsidiary's employees).
Additional Announcements:
The filing does not contain any other corporate announcements beyond the ESOP grant.