Lloyds Metals and Energy Limited has announced the grant of 1,05,000 employee stock options under its Employee Stock Options Plan-2017, following approval by the Board of Directors during their meeting held on December 10, 2025. The board meeting commenced at 04:03 P.M. (IST) and concluded at 05:13 P.M. (IST).

Stock Option Grant Details

The company has provided comprehensive details regarding the employee stock option grant in compliance with regulatory requirements:

Vesting and Exercise Terms

The granted stock options come with specific terms and conditions designed to align employee interests with long-term company performance. The options have a minimum vesting period of one year from the date of grant, with all options vesting as per the schedule specified in individual grant letters.

Key Timeline Features:

• Minimum Vesting Period: 1 year from grant date
• Exercise Window: Maximum 3 years from vesting date
• Pricing Mechanism: Board-determined under LLOYDS ESOP-2017 framework

Regulatory Compliance and Disclosure

The stock option grant has been made in accordance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled all disclosure requirements pursuant to Regulation 30 of the Listing Regulations and SEBI circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

The exercise price of ₹4.00 per option has been determined by the Board of Directors as per the LLOYDS ESOP-2017 plan provisions. Currently, no options have been exercised, lapsed, or had their terms varied, as this represents a fresh grant under the existing employee stock option scheme.

Corporate Communication

Lloyds Metals and Energy Limited has communicated this development to both BSE Limited (Scrip Code: 512455) and National Stock Exchange of India Limited (Symbol: LLOYDSME) as required under listing regulations. The detailed information is also available on the company's official website at www.lloyds.in for stakeholder reference.

Lloyds Metals & Energy has successfully completed its strategic acquisition in the Democratic Republic of Congo, with its wholly-owned subsidiary executing the final agreement for a significant mining deal. The company announced the completion of the Sale of Shares and Claims Agreement on January 16, 2026, marking a major milestone in its international expansion strategy.

Transaction Completion and Updated Terms

Lloyds Global Resources FZCO (LGRF), the company's wholly-owned subsidiary, has completed the execution of the Sale of Shares and Claims Agreement to acquire a 50% equity stake in Nexus Holdco FZCO. The transaction details have been updated from the initial board approval:

Strategic Mining Assets in Democratic Republic of Congo

The acquisition provides Lloyds Metals with significant exposure to copper mining operations in the Democratic Republic of Congo. Nexus Holdco FZCO serves as a holding company with substantial mining assets, holding approximately 80-90% equity stake in Surya Mines SARL and eight other companies incorporated in the Democratic Republic of Congo.

These subsidiary companies collectively control various copper mining concessions and operate a copper processing plant, positioning Lloyds Metals for expansion into the growing commodity segment in the Congo region. The strategic acquisition aligns with the company's mineral exploration and processing capabilities enhancement objectives.

Agreement Structure and Parties

The Sale of Shares and Claims Agreement was executed between multiple parties, creating a comprehensive ownership structure:

Ongoing Tata Steel Partnership Framework

Alongside the completed Congo acquisition, Lloyds Metals continues to pursue its comprehensive partnership with Tata Steel Limited through a non-binding Memorandum of Understanding. This strategic collaboration examines cooperation in raw material mining, logistics, pellets production, steel making, and greenfield projects, with specific focus on opportunities in Gadchiroli district of Maharashtra.

The dual-pronged strategy demonstrates Lloyds Metals' commitment to expanding its mineral exploration and processing capabilities while strengthening partnerships with established industry players. The completed USD 90.80 million investment in Congo mining operations, combined with the ongoing Tata Steel collaboration framework, positions the company for enhanced market presence in the competitive metals sector and significant expansion of existing business operations in mineral exploration and processing.