(i) The company has one class of share having a par value of Rs.10/- per share. Each holder of equity share is entitled to one vote per share.
(ii) In the event of liquidation of the company the holders of the equity shares will be entitled to receive remaining assets of the company, after distribution of all prefrential amounts. The distribution will be in the proportion to the number of equity shares held by the shareholders.
(iii) Reconciliation of the number of Equity shares and amount outstanding at the beginning and at the end of the reporting period:
During the year, the Company allotted 10,00,000 equity shares to Mrs. Alpana Sanjay Dangi on a preferential basis in the Board meeting held on June 7, 2024, pursuant to the approval obtained through Postal Ballot on June 3, 2024.
"During the Financial year under 2023-24, the Nomination and Remuneration Committee granted 14,00,852 stock options under the "Lloyds Luxuries Limited Employee Stock Option Scheme - 2023" to eligible employees. This scheme was duly approved by the shareholders through a Postal Ballot conducted on February 24, 2023.These options are exercisable upon completion of the respective vesting periods, as specified under the Scheme.
In line with the vesting schedule, the Nomination and Remuneration Committee allotted to the "Lloyds Luxuries Employees Welfare Trust"
• 11,872 equity shares on September 30, 2024, against options vested on November 13, 2024, and
• 1,98,492 equity shares on March 3, 2025, against options will be vested on April 7, 2025,
The allotment of these 12,10,364 equity shares resulted in a corresponding increase in the paid-up share capital of the Company as on March 31, 2025"
The promoters' shareholding decreased from 72.84% as on 31st March, 2024 to 69.14% as on 31st March, 2025, reflecting a 3.70% reduction. This change occurred because the company's total number of shares increased by 12,10,364, while the number of shares held by the promoters remained the same. The increase in shares is due to the Preferential Issue of shares and Issuance of shares to eligible employees under the Lloyds Luxuries Limited Employee Stock Option Scheme-2023.
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