Lloyds Engineering Works Limited Grants Employee Stock Options
Lloyds Engineering Works Limited announced that its Nomination and Remuneration Committee (NRC) approved the granting of Employee Stock Options (ESOPs) under the Lloyds Steels Industries Limited Employee Stock Option Plan -2021. The decision was made at a meeting held on Tuesday, March 31, 2026.Stock portfolio management
A total of 69,71,000 ESOPs were granted to eligible employees of Lloyds Engineering Works Limited, with an exercise price of ₹ 9.50 per option. Additionally, 12,29,000 ESOPs were granted to eligible employees of Techno Industries Works Limited, a subsidiary of the Company, also at an exercise price of ₹ 9.50 per option.
The Lloyds Steels Industries Limited Employee Stock Option Plan -2021 received in-principal approval from both the BSE Limited and the National Stock Exchange of India Limited.
The exercise of the granted options will result in the creation of 69,71,000 shares for Lloyds Engineering Works Limited employees and 12,29,000 shares for Techno Industries Works Limited employees. If all options are exercised, the potential realization would be ₹ 6,62,24,500 for Lloyds Engineering Works Limited and ₹ 1,16,75,500 for Techno Industries Works Limited.
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