Larsen & Toubro Limited (LT) — Corporate Action

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📢 Key Event
LT shareholders to vote on Realty Undertaking transfer to LTRPL via slump sale scheme

🔄 What Changed
Scheme approval process initiated with NCLT/SEBI clearance; e-voting opens July 31

🔮 What's Next
Board authorized to modify/withdraw scheme without further shareholder approval

💡 Investor Takeaway
Shareholders will vote on transferring the Realty business to a subsidiary, enabling focused management and independent fundraising.

Larsen & Toubro Limited (LT) announced a shareholders' meeting on August 4, 2026, to approve a Scheme of Arrangement transferring its Realty Undertaking to wholly owned subsidiary LTRPL via a slump sale. The meeting will be held via video conferencing with remote e-voting available from July 31 to August 3, 2026. Shareholders can vote proportionally based on holdings as of July 28, 2026, with no proxy voting permitted. The NCLT has dispensed with separate creditor meetings, requiring only notice to creditors for 30 days. The scheme requires NCLT and SEBI approvals, with the Board authorized to modify or withdraw it without further shareholder consent if needed.

📄 View Original Announcement (PDF)

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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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Larsen & Toubro Limited (LT) — Corporate Action

About Larsen & Toubro Limited (LT)

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