LLOYDSENGG · price
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Lloyds Engineering Works Ltd has approved the allotment of 2,14,368 employee stock options under the Lloyds Steels Industries Limited Employee Stock Option Plan – 2021. The options have an exercise price of ₹9.50 per option, with vesting scheduled for 1st July 2026. If all options are exercised, the company would receive ₹20,36,496. The options can be exercised within 3 years from the vesting date. The shares will rank pari-passu with existing equity shares upon exercise. The total issued share capital after this issue is 1,480,296,454 equity shares.
This is a routine ESOP allotment with negligible impact on earnings per share. The large exercise discount (₹9.50 vs market price) provides employee incentives but results in minimal dilution given the large existing share capital.