Lloyds Engineering Works Limited has announced a significant employee stock option grant to strengthen its associate company operations. The company's Nomination and Remuneration Committee (NRC) approved the allocation of stock options on December 26, 2025, marking an important milestone in employee incentivization across the group.

ESOP Grant Details

The NRC approved the grant of 11,55,074 employee stock options to employees of Lloyds Infrastructure Construction Limited, an associate company. These options fall under the Lloyds Steels Industries Limited Employee Stock Option Plan-2021, which has received in-principle approval from both BSE Limited and National Stock Exchange of India Limited.

Vesting and Exercise Terms

The granted options come with specific vesting and exercise conditions designed to align employee interests with long-term company performance. The vesting schedule provides flexibility while ensuring sustained employee engagement.

Financial Impact

The ESOP grant represents a substantial financial commitment and potential value creation for the company. Upon full exercise of all granted options, the company stands to realize significant proceeds.

The key financial metrics include:

• Total shares covered: 11,55,074 equity shares upon exercise
• Potential money realization: ₹1.09 crores if all options are exercised
• Share conversion: Each option converts to one equity share of the company

Regulatory Compliance

The ESOP grant complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, as amended from time to time. The company has fulfilled all disclosure requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular dated November 11, 2024.

This ESOP grant demonstrates Lloyds Engineering Works' commitment to employee retention and motivation across its associate companies, potentially enhancing operational synergies within the group structure.

Lloyds Engineering Works Limited announced a significant corporate guarantee approval during its Board of Directors meeting held on December 26, 2025. The company's board has approved a corporate guarantee of ₹59 crores in favor of HDFC Bank for its subsidiary Techno Industries Private Limited.

Corporate Guarantee Details

The corporate guarantee arrangement involves specific parameters that demonstrate the company's support for its subsidiary's financial requirements. The guarantee has been structured to facilitate credit facilities for Techno Industries Private Limited through HDFC Bank.

Transaction Structure and Independence

The company has provided detailed disclosures regarding the nature of this corporate guarantee arrangement. Key aspects of the transaction structure include the relationship between the parties and the independence of the decision-making process.

Regulatory Compliance

The announcement has been made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided comprehensive disclosures as required under the regulatory framework, including detailed information in the annexure attached to the intimation.

The corporate guarantee represents a strategic financial support mechanism for the subsidiary's operational requirements. Techno Industries Private Limited, being a subsidiary of Lloyds Engineering Works Limited, will benefit from enhanced credit facilities through this guarantee arrangement with HDFC Bank.

Corporate Communication

The formal communication was signed by Rahima Shaikh, Company Secretary and Compliance Officer (ACS: 63449), and has been submitted to both BSE Limited and the National Stock Exchange of India Limited. The company trades under the symbol LLOYDSENGG on NSE and has scrip code 539992 on BSE, with ISIN code INE093R01011.