Lloyds Engineering Works Allots 2,14,368 Equity Shares Under ESOP 2021 Plan
Lloyds Engineering Works Limited allotted 2,14,368 equity shares under the ESOP 2021 plan at an exercise price of ₹9.50 per option on May 05, 2026, with a vesting date of July 1, 2026 and a 3-year exercise window. The total money realisable upon full exercise amounts to Rs. 20,36,496, with total issued shares post-allotment standing at 1480296454 equity shares. The allotment complies with SEBI (Share Based Employee Benefits & Sweat Equity) Regulations, 2021, and has been duly disclosed to BSE and NSE.
*this image is generated using AI for illustrative purposes only.
Lloyds Engineering Works Limited has allotted 2,14,368 equity shares to eligible employees under the Lloyds Steels Industries Limited Employee Stock Option Plan – 2021 ("ESOP 2021"), pursuant to a meeting of the Nomination and Remuneration Committee ("NRC") of the Board of Directors held on May 05, 2026. The allotment has been disclosed to BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
ESOP Allotment Details
The NRC approved the allotment of 2,14,368 (Two Lakh Fourteen Thousand Three Hundred Sixty-Eight) equity shares at an exercise price of ₹9.50 per option. The allotted shares carry a par value of Re. 1/- per share and a premium of ₹8.50 per share. If all allotted options are exercised, the total money realised would amount to Rs. 20,36,496. The allotted equity shares shall rank pari-passu with the existing equity shares of the company.
The key parameters of the ESOP allotment are summarised below:
| Parameter: | Details |
|---|---|
| Date of Allotment: | May 05, 2026 |
| Number of Shares Allotted: | 2,14,368 |
| Exercise Price per Option: | Rs. 9.50 |
| Par Value per Share: | Re. 1/- |
| Premium per Share: | Rs. 8.50 |
| Vesting Date: | July 1, 2026 |
| Exercise Period: | Within 3 years from respective Vesting Date |
| Money Realised (if all options exercised): | Rs. 20,36,496 |
| Total Issued Shares After This Issue: | 1480296454 Equity Shares |
| Distinctive Numbers: | 1480082087 – 1480296454 |
Scheme Compliance and Regulatory Framework
The ESOP 2021 is in terms of the SEBI (Share Based Employee Benefits & Sweat Equity) Regulations, 2021, as amended from time to time. The company had filed the requisite statements with the stock exchanges — with BSE on May 18, 2022 (Filing No. 150246) and with NSE on June 03, 2022 (Filing No. 30762) — at the time of obtaining in-principal approval for the plan. Both BSE Limited and National Stock Exchange of India Limited have granted in-principal approval for the ESOP 2021.
Key Terms of the Options
The significant terms governing the allotted options are as follows:
- Options shall vest after 1 year but within 7 years from the date of grant, subject to the satisfaction of vesting conditions.
- Each option, upon exercise, shall result in one equity share of the company.
- Options not exercised within the exercise period shall lapse.
- No options have lapsed as on the date of allotment, and there are no subsequent changes, cancellations, or variations to the terms of the options.
- There is no lock-in applicable on the allotted shares.
The diluted earnings per share pursuant to the issue of equity shares on exercise of options has been stated as negligible. The disclosure was signed by Rahima Shaikh, Company Secretary and Compliance Officer (ACS: 63449), on behalf of Lloyds Engineering Works Limited.
Historical Stock Returns for Lloyds Engineering Works
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +5.69% | +5.89% | +39.00% | +4.56% | +17.87% | +3,753.46% |
How might the remaining unexercised options under ESOP 2021 impact Lloyds Engineering Works' total share dilution over the next 3-year exercise period?
Could the low exercise price of ₹9.50 per option signal a potential misalignment between employee incentives and current market valuations, and how might this affect talent retention strategies?
Are there plans for additional ESOP tranches or new employee benefit schemes beyond ESOP 2021 to attract and retain key talent amid the company's growth trajectory?
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