LLOYDS ENGINEERING WORKS LIMITED has informed the Exchange regarding 'ESOP Allotment and Grant'.
LLOYDSENGG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Lloyds Engineering Works Limited has informed the exchanges that its Nomination and Remuneration Committee approved the grant and allotment of Employee Stock Options on July 1, 2025 under the 'Lloyds Steels Industries Limited Employee Stock Option Plan – 2021'. A total of 22,24,590 options have been granted, covering 16,33,000 options for company employees, 4,69,795 options for group company employees, and 1,21,795 options allotted to company employees. The exercise price has been set at Rs. 9.50 per share, with vesting after 1 year and within 7 years from the grant date, and a 3-year exercise window per tranche. No options have been exercised yet, and the company states the impact on diluted earnings per share is negligible.
This is a routine ESOP grant to incentivise and retain employees, with a mild dilution effect on existing shareholders. Since the exercise price (Rs. 9.50) is well above zero, options will only be exercised if the stock rises meaningfully, so the real impact depends on future share price performance.