Outcome of Board Meeting held on 31st December, 2025
LLOYDSME · price
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The board approved three key actions on 31st December 2025. First, 5,87,818 equity shares were allotted to the Lloyds Employees Welfare Trust at Rs. 4 per share under the LLOYDS ESOP-2017 plan. Second, 1,52,68,950 convertible warrants were converted into equity shares at Rs. 740 per share (Rs. 1 face value + Rs. 739 premium), bringing in approximately Rs. 734.44 crores from 5 allottees. The allottees include two promoter entities (Lloyds Enterprises Limited and Sky United LLP) who together converted 1.5 crore warrants, and three non-promoter investors. Third, 1,60,000 new stock options were granted to employees under the LLOYDS ESOP-2024 scheme at an exercise price of Rs. 4. As a result, the company's issued and paid-up equity capital increased from Rs. 52.90 crore to Rs. 54.44 crore (52.9 crore shares to 54.4 crore shares).
This results in a dilution of about 2.9% for existing shareholders, but the company receives a strong capital infusion of Rs. 734 crores at a premium price, strengthening its balance sheet. Promoter entities are the biggest beneficiaries of the warrant conversion, suggesting their continued confidence in the company. The multiple ESOP activities indicate active employee incentive programs.