LLOYDS ENGINEERING WORKS LIMITED — Important, 01-07-2025: Updates

Lloyds Engineering Works has announced a board meeting. The Nomination and Remuneration Committee approved the grant of a total of 21,03,590 employee stock options across the company and its group entities under its ESOP Plan 2021, exercisable at Rs. 9.50/share. Options vest between 1 to 7 years and must be exercised within 3 years of vesting. No options have yet been exercised or lapsed. The impact on diluted EPS is expected to be negligible, indicating limited immediate dilution from the ESOP grants.