Lloyds Engineering Works Allots 2,14,368 Equity Shares Under ESOP 2021 Plan

Lloyds Engineering Works Limited has allotted 2,14,368 equity shares to eligible employees under the Lloyds Steels Industries Limited Employee Stock Option Plan – 2021 ("ESOP 2021"), pursuant to a meeting of the Nomination and Remuneration Committee ("NRC") of the Board of Directors held on May 05, 2026. The allotment has been disclosed to BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

ESOP Allotment Details

The NRC approved the allotment of 2,14,368 (Two Lakh Fourteen Thousand Three Hundred Sixty-Eight) equity shares at an exercise price of ₹9.50 per option. The allotted shares carry a par value of Re. 1/- per share and a premium of ₹8.50 per share. If all allotted options are exercised, the total money realised would amount to Rs. 20,36,496. The allotted equity shares shall rank pari-passu with the existing equity shares of the company.

The key parameters of the ESOP allotment are summarised below:

Parameter: Details Date of Allotment: May 05, 2026 Number of Shares Allotted: 2,14,368 Exercise Price per Option: Rs. 9.50 Par Value per Share: Re. 1/- Premium per Share: Rs. 8.50 Vesting Date: July 1, 2026 Exercise Period: Within 3 years from respective Vesting Date Money Realised (if all options exercised): Rs. 20,36,496 Total Issued Shares After This Issue: 1480296454 Equity Shares Distinctive Numbers: 1480082087 – 1480296454

Scheme Compliance and Regulatory Framework

The ESOP 2021 is in terms of the SEBI (Share Based Employee Benefits & Sweat Equity) Regulations, 2021, as amended from time to time. The company had filed the requisite statements with the stock exchanges — with BSE on May 18, 2022 (Filing No. 150246) and with NSE on June 03, 2022 (Filing No. 30762) — at the time of obtaining in-principal approval for the plan. Both BSE Limited and National Stock Exchange of India Limited have granted in-principal approval for the ESOP 2021.

Key Terms of the Options

The significant terms governing the allotted options are as follows:

Options shall vest after 1 year but within 7 years from the date of grant, subject to the satisfaction of vesting conditions.

Each option, upon exercise, shall result in one equity share of the company.

Options not exercised within the exercise period shall lapse.

No options have lapsed as on the date of allotment, and there are no subsequent changes, cancellations, or variations to the terms of the options.

There is no lock-in applicable on the allotted shares.

The diluted earnings per share pursuant to the issue of equity shares on exercise of options has been stated as negligible. The disclosure was signed by Rahima Shaikh, Company Secretary and Compliance Officer (ACS: 63449), on behalf of Lloyds Engineering Works Limited.

Lloyds Engineering Works Limited reported robust audited financial results for the quarter and financial year ended March 31, 2026. The Board of Directors approved the results at a meeting held on May 5, 2026. The company delivered broad-based growth across revenue, profitability, and order book metrics on both consolidated and standalone bases, supported by significant corporate activities including acquisitions and a rights issue during the year.

Consolidated Financial Performance

On a consolidated basis, the company recorded strong growth across all key financial metrics for the year ended March 31, 2026. Revenue from operations grew approximately 54% year-on-year, while EBITDA and PBT also posted significant gains. The following table summarises the key consolidated financial highlights:

Metric: FY26 (Rs. Crores) FY25 (Rs. Crores) YoY Growth Revenue from Operations: 1,301.14 845.74 ~54% EBITDA: 239.07 159.33 ~50% Profit Before Tax (PBT): 202.90 141.14 ~44% Net Profit (after associate share): 197.57 105.04 — Total Revenue (incl. Other Income): 1,350.98 869.90 — Basic EPS (Rs., annualised): 1.52 0.89 — Diluted EPS (Rs., annualised): 1.49 0.89 —

For the quarter ended March 31, 2026, consolidated revenue from operations stood at Rs. 495.02 Crores, compared to Rs. 231.96 Crores in the corresponding quarter of the previous year. Consolidated profit before tax for the quarter was Rs. 59.40 Crores versus Rs. 35.44 Crores in Q4 FY25. Total comprehensive income for the full year attributable to shareholders of the company was Rs. 189.83 Crores.

Standalone Financial Performance

On a standalone basis, Lloyds Engineering Works also delivered strong growth for the year ended March 31, 2026. The key standalone financial highlights are presented below:

Metric: FY26 (Rs. Crores) FY25 (Rs. Crores) YoY Growth Revenue from Operations: 1,052.22 755.78 ~39% EBITDA: 188.12 145.23 ~30% Profit Before Tax (PBT): 161.38 130.02 — Net Profit After Tax: 118.27 99.72 — Basic EPS (Rs., annualised): 0.91 0.86 — Diluted EPS (Rs., annualised): 0.89 0.86 —

Standalone revenue from operations for the quarter ended March 31, 2026 was Rs. 411.86 Crores, compared to Rs. 178.49 Crores in Q4 FY25. Standalone profit before tax for Q4 FY26 was Rs. 55.73 Crores versus Rs. 27.90 Crores in the year-ago quarter.

Order Book and Segment Performance

The company's consolidated order book position as on April 1, 2026 stood at Rs. 2,643.39 Crores, reflecting an approximately 91% increase compared to the order position of Rs. 1,383.78 Crores as on April 1, 2025. On a standalone basis, the order book as on April 1, 2026 was Rs. 2,351.90 Crores, up approximately 79% from Rs. 1,315.38 Crores as on April 1, 2025. Additionally, the order book position of Lloyds Infrastructure and Construction Limited, an associate of the company, stood at Rs. 5,681.76 Crores.

On a consolidated segmentwise basis, the Engineering segment and Electrical segment reported the following gross revenues:

Segment: FY26 Gross Revenue (Rs. Crores) FY25 Gross Revenue (Rs. Crores) Engineering: 1,267.27 777.96 Electrical: 187.26 93.13 Total: 1,454.53 871.09

The Engineering segment encompasses hydrocarbon process equipment, steel fabrication, marine/navy equipment, and power plant equipment, while the Electrical segment covers elevators, pumps, and motors.

Dividend, Corporate Actions, and ESOP Activity

The Board of Directors recommended a final dividend of Rs. 0.25 paise (i.e., 25%) per equity share of face value Re. 1 each for the financial year 2025-26, subject to approval by shareholders at the ensuing 32nd Annual General Meeting. The dividend will be paid or dispatched within 30 days from the date of shareholder approval, with the book closure and record date to be intimated separately.

During the year, the company undertook several significant corporate actions:

Metalfab Hightech Private Limited Acquisition (May 20, 2025): The Board approved the acquisition of 21,85,000 equity shares representing 76.00% of Metalfab at Rs. 130/- each for an aggregate consideration of Rs. 28,40,50,000.

Rights Issue (June 5, 2025): The Board approved the allotment of 30,85,17,476 partly paid-up equity shares at Rs. 32/- per share (including a premium of Rs. 31/- per share), of which Rs. 16/- per share was paid on application. Proceeds from the rights issue for the year ended March 31, 2026 amounted to Rs. 857.23 Crores.

Techno Industries Private Limited Acquisition: The Board approved the acquisition of an additional 11% stake (13,75,000 shares) on July 1, 2025 for Rs. 25,00,00,000, followed by an additional 12% stake (14,99,999 shares) on December 26, 2025 for Rs. 22,70,00,000, making Techno Industries a wholly owned subsidiary with effect from December 26, 2025.

Draft Scheme of Merger (December 29, 2025): The Board approved a draft merger scheme under which outside shareholders of Lloyds Infrastructure & Construction Limited would receive 1,798 fully paid-up equity shares of the company for every 1,500 shares held, and outside shareholders of Metalfab Hightech Private Limited would receive 94 fully paid-up equity shares for every 5 shares held.

Conversion of Partly Paid Shares (March 11, 2026): The Board approved the conversion of 22,72,47,052 partly paid-up shares to fully paid-up, increasing paid-up capital from Rs. 132,58,23,348 to Rs. 143,94,46,874.

The ESOP activity under the Employee Stock Option Scheme 2021 for the year ended March 31, 2026 is summarised below:

ESOP Parameter: Number of Options Outstanding at beginning of year (April 1, 2025): 80,87,378 Exercisable at beginning of year (April 1, 2025): 33,27,740 Granted during the year: 1,17,77,869 Vested during the year: 60,54,144 Lapsed (Unvested) during the year: 7,34,657 Vested but Unexercised Lapsed during the year: 12,854 Exercised during the year: 33,58,774 Outstanding at end of year (March 31, 2026): 1,30,89,300 Exercisable at end of year (March 31, 2026): 60,10,256

The statutory auditors, S Y Lodha & Associates, issued an unqualified (unmodified) audit opinion on both the standalone and consolidated financial results for the quarter and year ended March 31, 2026.

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