LLOYDS ENGINEERING WORKS LIMITED — Important, 01-01-2025: Updates

The Nomination and Remuneration Committee of Lloyds Engineering Works Limited has approved the grant of 7,34,708 employee stock options under the "'Lloyds Steels Industries Limited Employee Stock Option Plan – 2021." The exercise price for these options is set at Rs. 9.50 per share, with vesting occurring after one year but within seven years from the grant date, based on certain conditions. Each option, upon exercise, will result in one equity share of the company. Additionally, the options must be exercised within three years from their respective vesting dates. The initiative reflects the company's commitment to incentivizing its workforce and aligning interests with employees.