Grant of Employee Stock Options under Lloyds Metals and Energy Employee Stock Option Scheme - 2024
LLOYDSME · price
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Lloyds Metals and Energy's Nomination and Remuneration Committee approved the grant of 77,420 Employee Stock Options (ESOPs) on 1st July 2025 under the company's existing ESOP-2024 scheme. Each option is convertible into one equity share of Re. 1 face value, with an exercise price of Rs. 4 per option. The options carry a minimum vesting period of 1 year, after which vested options can be exercised within 12 months. The grant complies with SEBI's Share Based Employee Benefits & Sweat Equity Regulations, 2021. As of now, none of these options have vested or been exercised.
This is a small ESOP grant representing minimal equity dilution at this stage. The Rs. 4 exercise price is significantly below market levels, making these options potentially valuable to employees if the stock performs well, but the impact on existing shareholders is negligible in the near term.