Lloyds Metals and Energy Limited has granted 17,049 employee stock options under its Lloyds Metals and Energy Employee Stock Option Scheme - 2024. The Nomination and Remuneration Committee approved the grant via a circular resolution on June 23, 2026. The options carry an exercise price of Rs. 4/- per option and are exercisable into fully paid-up equity shares with a face value of Re. 1/- each.

The scheme complies with the Securities and Exchange Board of India (Share Based Employee Benefits & Sweat Equity) Regulations, 2021. The options have a minimum vesting period of one year from the date of the grant. Once vested, the options can be exercised within a maximum period of 12 months from the date of vesting.

Key Details of the Grant

The company stated that the specific vesting schedule is detailed in the grant letters issued to the eligible employees. No options have been exercised, lapsed, or varied in terms as of the grant date.

Lloyds Metals and Energy Limited shareholders approved all 22 resolutions during the 49th Annual General Meeting (AGM) held on June 19, 2026. The meeting, conducted via video conferencing, saw the adoption of audited financial statements for the financial year ended March 31, 2026, and the declaration of dividend. The company reported revenue of ₹13,837.8 crore for FY26, a growth of over 100% compared to the previous year, with an EBITDA of ₹6,333.9 crore.

The remote e-voting facility was available from June 15, 2026, to June 18, 2026, and e-voting was also conducted during the meeting. M/s. Mitesh Shah & Co., Company Secretaries, served as the scrutinizer for the voting process. Key resolutions passed included the reappointment of Mr. Ramesh Luharuka and Dr. Seema Saini as Non-Executive Independent Directors, and the appointment of Mr. Balasubramanian Prabhakaran as Managing Director and Mr. Venkateswaran Soundrarajan as Executive Director.

Shareholders sanctioned special resolutions for borrowing limits, creation of mortgages or charges, and giving loans or guarantees exceeding prescribed limits under the Companies Act, 2013. Several material related party transactions with entities such as Thriveni Earthmovers and Infra Private Limited, Lloyds Infrastructure and Construction Limited, and Sunflag Iron and Steel Co Limited were also approved.

The company's operational performance was highlighted by the Chairman, noting that iron ore production reached 21.96 million tonnes and pellet production was 3.03 million tonnes. The consolidated performance of Thriveni Earthmovers & Infra Private Limited, which was consolidated during the year, contributed significantly with revenue of ₹7,996.9 crore.