Lloyds Enterprises Limited has informed the Exchange regarding 'ESOP Trust Deed'.
LLOYDSENT · price
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Awaiting price reaction for this filing.
Lloyds Enterprises Limited has submitted the executed and registered ESOP Trust Deed to BSE and NSE under Regulation 3(3) of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The trust, named 'Lloyds Enterprises Employees Welfare Trust', has been set up to administer and implement the company's Employee Stock Option Plan – 2025. The ESOP Plan was approved by the Board of Directors on 13th February 2025 and by shareholders via postal ballot on 6th July 2025. The Trust Deed was executed on 10th July 2025 with an initial corpus of Rs. 10,000, with Mr. Akshay Ashok Mittal and Mr. Anand Girdhardas Damani appointed as Trustees. The company had recently achieved dual listing on BSE and NSE on 17th October 2024.
This filing formalizes the administrative framework for the ESOP 2025 plan, enabling the company to grant stock options to employees for attraction and retention. Shareholders may face equity dilution in the future when granted options are exercised, though no immediate impact on share price is expected from this regulatory submission.