Lloyds Engineering Works Limited has submitted its quarterly compliance statement regarding the utilization of funds raised through its Rights Issue for the quarter ended December 31, 2025. The filing, made under Regulation 32 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015, confirms adherence to the original fund utilization plan.

Rights Issue Details

The company successfully completed its Rights Issue on June 5, 2025, raising Rs. 493.62 crore through the allotment of 30,85,17,476 partly paid-up equity shares.

Fund Utilization Status

The statement reveals no deviation from the original fund utilization plan for the reporting quarter. Out of the total Rs. 493.62 crore raised, Rs. 493.00 crore has been utilized as per the intended objects.

Compliance and Monitoring

The quarterly statement was thoroughly reviewed by the company's Audit Committee before receiving approval from the Board of Directors. India Ratings & Research Private Limited serves as the designated monitoring agency for the Rights Issue proceeds.

Payment Structure

The Rights Issue follows a partly paid-up structure, with the remaining balance amount payable through calls to be completed by March 31, 2026. The Board and Securities Issue Committee retain the authority to determine the quantum and timing of each call as required.

The filing demonstrates the company's commitment to regulatory compliance and transparent fund utilization practices, providing stakeholders with clear visibility into the deployment of raised capital.

Lloyds Engineering Works Limited has announced a significant employee stock option allotment under its ESOP 2021 plan. The Nomination and Remuneration Committee of the Board of Directors approved the allotment on February 4, 2026, demonstrating the company's commitment to employee participation in its growth.

ESOP Allotment Details

The committee approved the allotment of employee stock options at two different exercise prices to eligible employees:

Financial Impact and Terms

The ESOP allotment carries significant financial implications for both the company and employees. Upon full exercise of all options, the company stands to realize substantial funds while providing employees with equity participation opportunities.

Regulatory Compliance and Structure

The Employee Stock Option Plan operates under the Lloyds Steels Industries Limited Employee Stock Option Plan - 2021, which received in-principal approval from both BSE Limited and National Stock Exchange of India Limited. The plan complies with SEBI (Share Based Employee Benefits & Sweat Equity) Regulations, 2021.

Key structural features of the options include:

• Each option converts to one equity share upon exercise
• Options vest after 1 year but within 7 years from grant date
• Unexercised options lapse after the exercise period
• All shares rank pari-passu with existing equity shares

Share Capital Impact

Following the allotment, the company's share capital structure reflects the potential for significant expansion. The first tranche allotment brings the total issued shares to 1,47,85,58,026 equity shares, while the second tranche could increase this to 1,48,00,82,086 equity shares upon full exercise.

The options carry distinctive numbers 1474202027 - 1478558026 for the first tranche and 1478558027 - 1480082086 for the second tranche, with ISIN INE093R01011. The par value remains at Re. 1 per share, maintaining consistency with the existing share structure.

Implementation Timeline

The options are scheduled to vest on March 31, 2026, providing employees with a clear timeline for potential exercise. The 3-year exercise window from the vesting date offers flexibility while ensuring timely utilization of the granted options. Currently, none of the options have been exercised, and no options have lapsed as of the allotment date.