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 received board approval for two significant strategic initiatives that could reshape its business operations in the metals and mining sector. The company's board meeting approved a major acquisition deal and a comprehensive strategic partnership framework, as disclosed in its regulatory filing and press release.

Board Approvals and Transaction Structure

The board approved the acquisition of a 50% equity stake in Nexus Holdco FZCO through its wholly owned subsidiary, Lloyds Global Resources FZCO. The transaction details are outlined below:

Congo Mining Operations and Strategic Assets

Nexus Holdco FZCO serves as a holding company with significant mining assets in the Democratic Republic of Congo. The company holds approximately 80-90% equity stake in Surya Mines SARL and eight other companies incorporated in the Democratic Republic of Congo.

These subsidiary companies collectively hold various mining concessions and operate a copper processing plant, positioning Lloyds Metals for expansion into the growing commodity segment in the Congo region. The target entity is located in Dubai, United Arab Emirates, within the Dubai Multi Commodities Centre Zone.

Comprehensive Tata Steel Partnership Framework

The board approved entering into a non-binding Memorandum of Understanding with Tata Steel Limited, represented by CEO & MD T V Narendran, while Lloyds Metals is represented by MD B Prabhakaran. This strategic partnership will examine multiple cooperation areas:

Gadchiroli District Strategic Focus

Under the MOU, both companies intend to explore specific opportunities in Gadchiroli district of Maharashtra. The partnership aims to cooperate in operating mining concessions and associated infrastructure to increase iron ore production and establish the region as a prominent steel hub. Additionally, Tata Steel will evaluate potential strategic cooperation in existing integrated steel projects being developed by Lloyds Metals.

Tata Steel has also become a co-owner in Brahmani River Pellet Limited (BRPL) by acquiring a 50.01% stake in the company, which operates a 4.00 MTPA pellet plant in Jajpur, Odisha, along with a 212 km slurry pipeline connecting a beneficiation plant at Barbil.

Regulatory Compliance and Strategic Impact

The transaction requires statutory approvals and filings in Dubai and the Democratic Republic of Congo. The company has disclosed all necessary details under Regulation 30 of the SEBI Listing Regulations, ensuring full compliance with regulatory requirements. The consideration for the acquisition is entirely cash-based, to be paid by Lloyds Global Resources FZCO.

This dual-pronged strategy demonstrates Lloyds Metals' commitment to expanding its mineral exploration and processing capabilities while strengthening partnerships with established industry players. The USD 55.00 million investment in Congo mining operations, combined with the comprehensive Tata Steel collaboration, positions the company for enhanced market presence in the competitive metals sector and expansion of existing business operations in mineral exploration and processing.