LLOYDS ENGINEERING WORKS LIMITED has informed the Exchange regarding ''. 214,368 Allotment of Equity shares via ESOP
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The Nomination and Remuneration Committee approved the allotment of 214,368 employee stock options under the ESOP 2021 plan at an exercise price of ₹9.50 per option. The vesting date is 1st July 2026, and options can be exercised within 3 years from vesting. If all options are exercised, the company would receive ₹20,36,496. The total issued share capital after this issue stands at 1,480,296,454 equity shares. The impact on diluted earnings per share is negligible.
This is a routine ESOP allotment with minimal shareholder dilution. The exercise price of ₹9.50 represents a discount to current market price, which aligns with standard ESOP practices for employee retention.