News ArticleLloyds Engineering Works Allots 2,55,697 Equity Shares via Employee Stock Options at ₹9.50 Each
Options granted under ESOP 2021 will vest on January 1, 2027, exercisable within three years; shares rank pari-passu and are listed on BSE and NSE
Lloyds Engineering Works Limited has allotted 2,55,697 equity shares to eligible employees under its Employee Stock Option Plan - 2021 at an exercise price of ₹9.50 per option. The shares will vest on January 1, 2027, with an exercise window of three years. The shares are listed on BSE and NSE under the existing ISIN INE093R01011.
Lloyds Engineering Works Limited
Corporate Action
Lloyds Engineering Works Limited has allotted 2,55,697 equity shares to its employees and those of its subsidiaries under the Employee Stock Option Plan - 2021, at an exercise price of ₹9.50 per option.
The allotment was approved by the Nomination and Remuneration Committee on November 2, 2026, and the shares will vest starting January 1, 2027.
Each employee stock option, upon exercise, converts into one equity share of the company, with options exercisable within three years from the vesting date, after which unexercised options will lapse.
If all options are exercised, the company will realize ₹24,29,121.5 from this allotment.
The equity shares issued under this plan rank equally with existing shares and are listed on BSE and NSE under ISIN INE093R01011.
The Employee Stock Option Plan complies with SEBI (Share Based Employee Benefits & Sweat Equity) Regulations, 2021, and received in-principal approvals from both stock exchanges.
Highlights
- 2,55,697 equity shares allotted under ESOP 2021 at ₹9.50 exercise price per option
- Options vest on January 1, 2027, exercisable within three years
- Total potential exercise value of ₹24,29,121.5 if all options exercised
- Shares rank pari-passu with existing shares and are listed on BSE and NSE
- Plan complies with SEBI regulations and has received in-principal approvals
Key Data Snapshot
What happened
- Nomination and Remuneration Committee approved allotment of 2,55,697 equity shares under the Employee Stock Option Plan - 2021.
- Shares issued via 'Trust route' to employees of Lloyds Engineering Works Limited, its subsidiaries and associates.
- Exercise price fixed at ₹9.50 per option, with vesting slated for January 1, 2027.
- Options must be exercised within 3 years post vesting, else lapse.
- Total potential funds raised upon exercise amounts to ₹24,29,121.5.
Key details
- Employee Stock Option Plan complies with SEBI (Share Based Employee Benefits & Sweat Equity) Regulations, 2021.
- All equity shares issued under ESOP have identical rights and rank pari-passu with existing shares.
- Shares are listed on BSE and NSE exchanges under existing ISIN.
- No lock-in period or special restrictions apply on the allotted shares.
- No options have lapsed or been exercised as of the date of allotment.
Regulatory and governance context
- Employee Stock Option Plan - 2021 received in-principal approval from BSE and NSE prior to allotment.
- The allotment disclosure is pursuant to SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
- Filing ensures compliance with relevant SEBI circulars and regulation 30 disclosures.
Highlights
- 2,55,697 equity shares allotted under ESOP 2021 at ₹9.50 exercise price per option
- Options vest on January 1, 2027, exercisable within three years
- Total potential exercise value of ₹24,29,121.5 if all options exercised
- Shares rank pari-passu with existing shares and are listed on BSE and NSE
- Plan complies with SEBI regulations and has received in-principal approvals
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- SEBI (Share Based Employee Benefits & Sweat Equity) Regulations, 2021
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