Lloyds Engineering Works Grants 82 Lakh Employee Stock Options Under ESOP 2021 Plan
Lloyds Engineering Works Limited granted 82,00,000 employee stock options under ESOP 2021 plan on March 31, 2026. The allocation includes 69,71,000 options for company employees and 12,29,000 options for subsidiary employees, all priced at ₹9.50 per option. Options vest on March 31, 2026, with 3-year exercise period, potentially realizing ₹7,78,99,500 if fully exercised.
*this image is generated using AI for illustrative purposes only.
Lloyds Engineering Works Limited has announced the grant of employee stock options under its ESOP 2021 plan, marking a significant employee benefit initiative. The Nomination and Remuneration Committee of the Board of Directors approved the grant on March 31, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
ESOP Grant Details
The company has granted a total of 82,00,000 employee stock options under the Lloyds Steels Industries Limited Employee Stock Option Plan – 2021. The allocation is distributed between the parent company and its subsidiary as follows:
| Recipient | Number of Options | Exercise Price | Potential Realization |
|---|---|---|---|
| Lloyds Engineering Works Limited employees | 69,71,000 | ₹9.50 per option | ₹6,62,24,500 |
| Techno Industries Works Limited employees | 12,29,000 | ₹9.50 per option | ₹1,16,75,500 |
| Total | 82,00,000 | ₹9.50 per option | ₹7,78,99,500 |
Vesting and Exercise Terms
The employee stock options carry specific terms and conditions for vesting and exercise. The vesting date for all granted options is March 31, 2026, with employees required to exercise their options within 3 years from the respective vesting date.
| Parameter | Details |
|---|---|
| Vesting Date | March 31, 2026 |
| Exercise Period | 3 years from vesting date |
| Conversion Ratio | 1 option = 1 equity share |
| Current Status | Yet to be exercised |
Regulatory Compliance
The ESOP plan operates in accordance with the SEBI (Share Based Employee Benefits & Sweat Equity) Regulations, 2021. The company has received in-principal approval from both BSE Limited and National Stock Exchange of India Limited for the plan. The options shall vest after 1 year but within 7 years from the date of grant, subject to satisfaction of vesting conditions.
Impact Assessment
Upon full exercise of the granted options, the company would realize ₹7,78,99,500 and issue 82,00,000 new equity shares. The company has indicated that the diluted earnings per share pursuant to the issue of equity shares on exercise of options would be negligible. No options have lapsed as of the grant date, and no variations in terms have been implemented.
The ESOP grant represents the company's commitment to employee retention and motivation through equity participation, providing eligible employees across both the parent company and subsidiary with ownership stakes in the business.
Historical Stock Returns for Lloyds Engineering Works
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.52% | +0.50% | -11.95% | -28.50% | -20.12% | +4,194.90% |
How will the potential dilution of 82 million new shares impact Lloyds' stock price and existing shareholder value when employees exercise their options?
What specific performance metrics or vesting conditions must employees meet before March 31, 2026 to qualify for option exercise?
Will this large ESOP grant influence Lloyds' talent acquisition strategy and ability to compete for skilled workers in the engineering sector?
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