Updates

RS/LLOYDSENGG/BSEL-NSEL/2026/45 July 01, 2026 The Department of Corporate Services, The National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex, 27th Floor, P.J. Towers, Dalal Street, Bandra (East), Mumbai - 400 051 Mumbai - 400 001 Scrip Code: 539992 Symbol: LLOYDSENGG ISIN: INE093R01011 Dear Sir / Madam, Sub: Grant of Employee Stock Options under “Lloyds Steels Industries Limited Employee Stock Option Plan – 2021” Ref: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Nomination and Remuneration Committee (“NRC”) of the Board of Directors of the Company, at its meeting held on Wednesday, July 01, 2026, has approved the grant of Employee Stock Options under the Lloyds Steels Industries Limited Employee Stock Option Plan – 2021 (“ESOP 2021”), as detailed below: • 12,32,334 (Twelve Lakh, Thirty-Two Thousand, Three Hundred Thirty-Four only) options via ESOP at an exercise price of ₹9.50 per option to the eligible employees of Lloyds Advance Defence Systems Limited, a subsidiary of the Company, • 4,15,000 (Four Lakh Fifteen Thousand only) options via ESOP at an exercise price of ₹9.50 per option to the eligible employees of the Company and • 13,33,562 (Thirteen Lakh, Thirty-Three Thousand, Five Hundred Sixty-Two only) options via ESOP at an exercise price of ₹9.50 per option to the eligible employees of Lloyds Infrastructure and Construction Limited, an Associate Company of the Company. in accordance with the ESOP 2021 and as approved by the Nomination and Remuneration Committee. The Lloyds Steels Industries Limited Employee Stock Option Plan – 2021 was earlier submitted to the Stock Exchanges at the time of obtaining in-principle approval. The Company has received in-principle approval from BSE Limited and National Stock Exchange of India Limited for the said plan. The detailed disclosures required under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and with relevant SEBI Circulars including amendments thereon, are enclosed as Annexure A, Annexure B and Annexure C. We request you to take the above information and the enclosed documents on record. Thanking you, Yours faithfully, For Lloyds Engineering Works Limited Rahima Shaikh Company Secretary and Compliance Officer ACS: 63449 Annexure A The detailed disclosures as required under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and with relevant SEBI Circulars including amendments thereon. 1 Brief details of the options grant 12,32,334 (Twelve Lakh, Thirty-Two Thousand, Three Hundred Thirty-Four only) Options have been granted by the Nomination and Remuneration Committee in terms of the “Lloyds Steels Industries Limited Employee Stock Option Plan – 2021” to the Employees of Lloyds Advance Defence Systems Limited, a subsidiary of the Company. 2 Whether the scheme is in terms of the Yes SEBI (Share Based Employee Benefits & Sweat Equity) Regulations, 2021 as amended from time to time 3 Total number of shares covered by Upon exercise, each option shall result into one these options equity share of the Company. Therefore, the total number of shares covered by the options granted as on the date of this grant is 12,32,334 (Twelve Lakh, Thirty-Two Thousand, Three Hundred Thirty-Four only) 4 Pricing formula As per Lloyds Steels Industries Limited Employee Stock Option Plan – 2021, the exercise price of options will be decided by Nomination and Remuneration Committee (“NRC”). Accordingly, the exercise price has been determined at ₹9.50 per option. 5 Option vesting Date Not Applicable 6 Time within which Options may be Subject to the terms of the Plan, each tranche of exercised Options should be exercised within 3 years from the respective Vesting Date. 7. Options exercised Not Applicable 8. Money realized by exercise of options Not Applicable 9. The total number of shares arising as a Not Applicable result of exercise of option 10. Options lapsed; Not Applicable 11. Variation of terms of options; Not Applicable 12. Brief details of significant terms Options granted shall have a minimum vesting period of one (1) year from the date of grant and all options granted shall vest as per the vesting schedule specified in the respective grant letters. 13. subsequent changes or cancellation or Not Applicable exercise of such options 14. Diluted earnings per share pursuant to Not Applicable the issue of equity shares upon exercise of options. Annexure B The detailed disclosures as required under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and with relevant SEBI Circulars including amendments thereon. 1 Brief details of the options grant 4,15,000 (Four Lakh Fifteen Thousand only) Options have been granted by the Nomination and Remuneration Committee in terms of the “Lloyds Steels Industries Limited Employee Stock Option Plan – 2021” to the Employees of the Company. 2 Whether the scheme is in terms of the Yes SEBI (Share Based Employee Benefits & Sweat Equity) Regulations, 2021 as amended from time to time 3 Total number of shares covered by Upon exercise, each option shall result into one these options equity share of the Company. Therefore, total number of shares covered by the options granted as on the date of this grant is 4,15,000 (Four Lakh Fifteen Thousand only). 4 Pricing formula As per Lloyds Steels Industries Limited Employee Stock Option Plan – 2021, the exercise price of options will be decided by Nomination and Remuneration Committee (“NRC”). Accordingly, the exercise price has been determined at ₹9.50 per option. 5 Option vesting Date Not Applicable 6 Time within which Options may be Subject to the terms of the Plan, each tranche of exercised Options should be exercised within 3 years from the respective Vesting Date. 7. Options exercised Not Applicable 8. Money realized by exercise of options Not Applicable 9. The total number of shares arising as a Not Applicable result of exercise of option 10. Options lapsed; Not Applicable 11. Variation of terms of options; Not Applicable 12. Brief details of significant terms Options granted shall have a minimum vesting period of one (1) year from the date of grant and all options granted shall vest as per the vesting schedule specified in the respective grant letters. 13. subsequent changes or cancellation or Not Applicable exercise of such options 14. Diluted earnings per share pursuant to Not Applicable the issue of equity shares upon exercise of options. Annexure C The detailed disclosures as required under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and with relevant SEBI Circulars including amendments thereon. 1 Brief details of the options grant 13,33,562 (Thirteen Lakh, Thirty-Three Thousand, Five Hundred Sixty-Two only) Options have been granted by the Nomination and Remuneration Committee in terms of the “Lloyds Steels Industries Limited Employee Stock Option Plan – 2021” to the Employees of Lloyds Infrastructure and Construction Limited, an Associate Company of the Company. 2 Whether the scheme is in terms of the Yes SEBI (Share Based Employee Benefits & Sweat Equity) Regulations, 2021 as amended from time to time 3 Total number of shares covered by Upon exercise, each option shall result into one these options equity share of the Company. Therefore, total number of shares covered by the options granted as on the date of this grant is 13,33,562 (Thirteen Lakh, Thirty-Three Thousand, Five Hundred Sixty-Two only) 4 Pricing formula As per Lloyds Steels Industries Limited Employee Stock Option Pl [Showing first 8,000 characters — download PDF for full document]