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 Limited (LMEL) has reported strong performance for the second quarter, with significant growth in revenue and profitability. The company's strategic investments in pellet production and operational efficiencies have begun to yield substantial returns.

Financial Highlights

• Total income stood at INR 25,754.00 million, up 75% year-on-year
• EBITDA reached INR 8,693.00 million, a 95% increase from the previous year
• EBITDA margin expanded by 348 basis points to 33.75%
• Profit after tax (PAT) grew by 22% year-on-year to INR 6,056.00 million

Operational Performance

The company's performance was driven by several key factors:

1. Iron Ore Production: Iron ore production reached 3.42 million tons, with sales of 2.50 million tons, up 77% and 10% year-on-year respectively.

2. Pellet Plant Ramp-Up: The newly commissioned 4 million ton pellet plant at Konsari achieved full utilization within four months of commencement.

3. Slurry Pipeline Efficiency: The 85-kilometer slurry pipeline has become a major enabler, providing seamless evacuation and structural cost reduction.

4. DRI Expansion: LMEL commissioned its DRI expansion at Ghugus during the quarter, further strengthening its integrated operations.

Financial Strategy and Outlook

LMEL's management highlighted several key points regarding their financial strategy and future outlook:

• The company plans to raise INR 9,500.00 crores through an NCD issue over the next six months.
• LMEL aims for a debt to EBITDA ratio of 1, focusing on internal accruals for future growth.
• The company expects to receive around INR 350.00-400.00 crores annually from Industrial Promotion Subsidy (IPS) benefits.

Future Projects and Expansion

LMEL continues to progress on several major projects:

1. BHQ Beneficiation: The company has mined 1.20 million tons of BHQ and plans to commission the first unit of its beneficiation plant by the last quarter of next fiscal year.

2. Pellet Capacity: LMEL aims to reach a total pellet capacity of 12 million tons in the coming years.

3. Steel Plant: The company is planning a 3 million ton integrated steel plant, with construction expected to start by the end of FY27.

4. Green Initiatives: LMEL plans to reduce conversion costs by transitioning to LNG and increasing green power usage to 25-35% in the next six months.

Management Commentary

Rajesh Gupta, Managing Director of LMEL, stated, "This has been a half year where operational commissioning of the pellet plant has taken center stage. DRI plant has started, the value-added products have further strengthened their profile, and our project pipeline has moved forward as predicted with the planning. Across the board, the business continues to demonstrate resilience and direction."

He further added, "We remain committed to creating a business at a structurally low cost, fully integrated, environmentally responsible and built to deliver sustainable shareholder value."

LMEL appears well-positioned to navigate the market cycles with its integrated operations and focus on cost efficiency. The company's strategic investments in pellet production and operational improvements are expected to drive growth in the coming quarters.