Lloyds Metals Board Approves Major ESOP Allotment and Warrant Conversion Worth ₹734.44 Cr

Lloyds Metals & Energy Limited announced significant board decisions from its December 31, 2025 meeting, including major equity share allotments under employee stock option plans and conversion of preferentially issued convertible warrants worth ₹734.44 crores.

ESOP Allotment Under 2017 Plan

The board approved the allotment of 5,87,818 equity shares to Lloyds Employees Welfare Trust under the Lloyds Metals and Energy Limited Employee Stock Option Plan – 2017. The shares were allotted at ₹4.00 per equity share, including a premium of ₹3.00 per share.

Parameter:	Details
Shares Allotted:	5,87,818
Exercise Price:	₹4.00 per share
Premium:	₹3.00 per share
Face Value:	₹1.00 per share
Scheme:	LLOYDS ESOP-2017
Distinctive Numbers:	528502271 to 52,90,90,088

Following this allotment, the company's issued and paid-up equity share capital increased to ₹52,90,90,088, divided into 52,90,90,088 equity shares of face value ₹1.00 each.

Convertible Warrant Conversion

The board approved the conversion of 1,52,68,950 convertible warrants into equity shares, generating proceeds of ₹734.44 crores. The warrants were originally allotted on preferential basis following the Extraordinary General Meeting held on July 29, 2024.

Allottee:	Category	Warrants Converted	Amount Received (₹ Cr)
Lloyds Enterprises Limited:	Promoter	75,00,002	360.75
Sky United LLP:	Promoter	74,99,998	360.75
Elysian Wealth Fund:	Non-Promoter	1,03,950	5.00
Senthilnathan R.:	Non-Promoter	1,00,000	4.81
Kalpana Sathishkumaran:	Non-Promoter	65,000	3.13

The conversion was executed at ₹481.00 per warrant (65% of the issue price), with each warrant convertible into one equity share at an issue price of ₹740.00 per share.

New ESOP Grant Under 2024 Scheme

The board granted 1,60,000 employee stock options under the Lloyds Metals and Energy Employee Stock Option Scheme – 2024, expanding the company's employee benefit programs.

ESOP 2024 Details:	Specifications
Options Granted:	1,60,000
Exercise Price:	₹4.00 per option
Vesting Period:	Minimum 1 year
Exercise Window:	Maximum 12 months from vesting

Capital Structure Impact

Post these allotments, the company's capital structure shows significant expansion. The issued, subscribed and paid-up capital increased to ₹54,43,59,038, divided into 54,43,59,038 equity shares of face value ₹1.00 each.

Capital Structure:	Before Allotment	After Allotment
Number of Shares:	52,90,90,088	54,43,59,038
Share Capital Value:	₹52,90,90,088	₹54,43,59,038

Regulatory Compliance and Meeting Details

The board meeting was conducted from 12:02 PM to 12:42 PM IST on December 31, 2025. All allotments comply with Securities and Exchange Board of India regulations, including the Share Based Employee Benefits and Sweat Equity Regulations, 2021, and Listing Obligations and Disclosure Requirements Regulations, 2015. The company has received in-principle approval from both BSE Limited and National Stock Exchange of India Limited for the equity shares allotted under the ESOP plan.

Regulatory Filing Details:	Information
BSE Filing Date:	August 20, 2018
NSE Filing Date:	December 28, 2023
BSE Filing No.:	83539
NSE Filing No.:	39128
ISIN Code:	INE281B01032

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.68%	-6.45%	+3.75%	-14.99%	-11.36%	+124.61%

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:

Parameter	Details
Total Options Granted	1,05,000 (One Lakh Five Thousand Only)
Underlying Shares	1,05,000 equity shares of face value Re. 1 each
Exercise Price	₹4.00 per option
Plan Name	Lloyds Metals and Energy Limited Employee Stock Options Plan-2017
SEBI Compliance	Yes, under SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021

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.