Larsen & Toubro (LT) — Related Party Transaction

L&T conducted postal ballot voting on seven resolutions, passing all with overwhelming shareholder approval. Key approvals include appointing independent directors Amitabh Kant and B. Santhanam (99.65% and 99.70% in favour), re-appointing Ms. Preetha Reddy (92.25% in favour), and crucially, four material related party transactions: with L&T-MHI Power Boilers (99.99%), L&T-MHI Power Turbine Generators (99.99%), Larsen Toubro Arabia LLC (99.99%), and L&T Modular Fabrication Yard LLC (99.99% in favour). Related parties were excluded from voting per SEBI regulations, ensuring governance compliance.

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About Larsen & Toubro Limited (LT)

Construction · Construction · Listed on NSE

Market Cap: ₹5,37,748.69 Cr P/E: 33.1

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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