Lloyds Engineering Works Limited has issued a first and final reminder notice to shareholders regarding outstanding call money on partly paid-up rights equity shares, with a strict deadline for payment to avoid share forfeiture.

Call Money Payment Details

The company has notified shareholders that the first and final call amount remains unpaid, requiring immediate attention from affected shareholders.

Payment Timeline and Consequences

Shareholders have been given a specific window to complete their payments, with serious consequences for non-compliance.

The company has emphasized that this is the first and final reminder notice, and failure to pay the call money will result in forfeiture of shares in accordance with the Companies Act, 2013 and applicable Securities and Exchange Board of India (SEBI) regulations.

Banking Arrangements

Different payment arrangements have been established for resident and non-resident shareholders through ICICI Bank Limited.

For Resident Shareholders:

• Cheque/DD in favour of "Lloyds Engineering Works Limited - First & Final Call Money A/c - R"
• Payable at any branch of ICICI Bank Limited in any city in India

For Non-Resident Shareholders:

• Cheque/DD in favour of "Lloyds Engineering Works Limited - First & Final Call Money A/c - NR"
• Payable only at ICICI Bank Limited, Capital Market Division, 163, H. T. Parekh Marg, Backbay Reclamation, Churchgate, Mumbai-400020

Company Information

The notice was issued by Rahima Shaikh, Company Secretary & Compliance Officer (ACS 63449), dated April 1, 2026. The company maintains its registered office at Plot No. A-5/5, MIDC Industrial Area, Murbad, Thane 421 401, and corporate office at A-2, Madhu Estate, 2nd Floor, Pandurang Budhkar Marg, Lower Parel, Mumbai 400013.

Shareholders are advised to ensure timely payment to avoid the automatic forfeiture of their partly paid-up rights equity shares under the applicable regulatory framework.

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:

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.

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.