Lloyds Metals and Energy Ltd Grants 17,049 Employee Stock Options under ESOP-2024 Scheme
The Nomination and Remuneration Committee (NRC) of Lloyds Metals and Energy Ltd announced the approval of a significant grant of employee stock options. The decision was formalized on June 23, 2026, approving 17,049 Employee Stock Options (Options) under the 'Lloyds Metals and Energy Employee Stock Option Scheme - 2024' (LLOYDS ESOP-2024).The grant of these options falls under the established LLOYDS ESOP-2024 plan. The details regarding the scheme confirm that the options granted will be exercisable into not more than 17,049 equity shares, which have a face value of Re. 1/- (Rupee One Only) each and are fully paid up.
Key terms governing the LLOYDS ESOP-2024 include:
- Exercise Price: The exercise price for the options determined by the NRC is set at Rs. 4 per Option.
- Vesting Requirement: All granted options shall have a minimum Vesting period of one (1) Year from the date of Grant, and vesting will occur according to the specified schedule in the Grant Letter.
- Option Tenure: Vested Options must be exercised within a maximum period of twelve (12) months from the date of their respective vesting.
The NRC confirmed that all options granted under the plan are subject to the terms defined by the scheme and related regulations for Share Based Employee Benefits & Sweat Equity. The company also noted that as of the current reporting details, no options have been exercised or lapsed.
LLOYDSME Stock Price Movement
Lloyds Metals And Energy Limited shares today slipped by 1.71% to close at ₹1767.4. The stock saw a traded volume of 566,620 during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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