Grant of Employee Stock Options under Lloyds Metals and Energy Limited Employee Stock Option Plan - 2017
LLOYDSME · price
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Lloyds Metals and Energy's Nomination and Remuneration Committee approved a grant of 2,500 Employee Stock Options on July 1, 2025, under the company's existing ESOP 2017 plan. Each option is convertible into one equity share of Re. 1 face value, with an exercise price fixed at Rs. 4 per option. The options carry a minimum 1-year vesting period and must be exercised within 3 years from the date of vesting. The grant is compliant with SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021.
This is a very small grant covering just 2,500 shares, so dilution is negligible and the impact on shareholding or stock price is minimal. It is a routine employee incentive action and should not materially affect existing shareholders.