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Lloyds Metals and Energy has announced a board meeting to approve the allotment of 9,541 equity shares at Rs. 4 each under its Employee Stock Option Scheme – 2024. These shares were issued to the Lloyds Employees Welfare Trust, increasing the paid-up equity capital to over Rs. 523 Cr with 52.33 crore shares outstanding. This move supports employee incentivization and aligns with the company’s growth strategy, reflecting management’s confidence in future prospects. The shares carry a face value of Re. 1 each and rank equally with existing shares, maintaining shareholder value.