Outcome of Board Meeting held on 31st December, 2025
LLOYDSME · price
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The board approved three actions on 31st December 2025. First, 5,87,818 equity shares were allotted under the ESOP-2017 plan to the Lloyds Employees Welfare Trust at Rs. 4 per share (Rs. 1 face value plus Rs. 3 premium). Second, 1,52,68,950 equity shares were allotted upon conversion of convertible warrants by Promoters and Non-Promoters at Rs. 740 per share, bringing in Rs. 734.44 crore to the company. The warrants had been originally allotted in 2024 at an issue price of Rs. 740 per warrant, with 35% paid upfront and the remaining 65% (Rs. 481 per warrant) now received. Promoter entities Lloyds Enterprises Limited and Sky United LLP together converted about 1.5 crore warrants. Third, 1,60,000 new stock options were granted under the ESOP-2024 scheme at an exercise price of Rs. 4 per option. After these allotments, the company's paid-up equity capital rises from Rs. 52.91 crore (52.91 crore shares) to Rs. 54.44 crore (54.44 crore shares), an increase of about 2.9%.
This is mainly the completion of a previously announced preferential warrant issue, so there is no fresh fundraising beyond what was already planned. Shareholders face a modest dilution of around 2.9% as the share count rises. Promoters converting their warrants is a positive signal of their continued commitment and confidence in the company.