LLOYDS ENGINEERING WORKS LIMITED has informed the Exchange regarding Board meeting held on July 01, 2025.
LLOYDSENGG · price
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Lloyds Engineering Works held a board meeting on July 1, 2025 with several key decisions. Mr. Ashok Kumar Sharma resigned as Independent Director citing pre-occupation and personal commitments, and Mrs. Alka Upadhyay (ex-EY Partner, Tata Group ESG veteran) was appointed as Independent Director till September 30, 2029, subject to shareholder approval. Mr. Ashok Tandon stepped down as Non-Executive Non-Independent Director and was re-appointed as Independent Director effective July 2, 2025. The board approved ESOP grants totaling 21,02,795 options at Rs. 9.50 per share to employees of the company and group firms, plus allotment of 68,300 shares. Additionally, the board cleared acquisition of an additional 11% stake (13,75,000 shares) in subsidiary Techno Industries Pvt Ltd for Rs. 25 crore in cash, taking total holding to 88%.
The acquisition strengthens Lloyds' strategic expansion into electrical engineering products (pumps, motors, elevators) through its subsidiary, while ESOP grants at a low exercise price of Rs. 9.50 signal management confidence. Director changes bring in an ESG and sustainability expert (Alka Upadhyay), which could enhance governance. Shareholders should note the Rs. 25 crore cash outflow and the slight dilution from ESOPs, though the company calls EPS impact negligible.