L&T Technology Services Limited (LTTS) — Board Meeting

1 Board Meeting 🟡 Notable Neutral 📄 PDF

📢 Key Event
Board approved Q1 FY2027 results and reappointed Luis Miranda as Independent Director pending shareholder approval

🔄 What Changed
Reappointment of Luis Miranda as Independent Director for second term ending 2031

🔮 What's Next
Subject to shareholder approval at upcoming AGM

💡 Investor Takeaway
Shareholders must approve Miranda's reappointment before it takes effect

L&T Technology Services approved Q1 FY2027 results showing ₹2,496 crores revenue with ₹37 crores exceptional items, while reappointing Luis Miranda as Independent Director for a second term ending 2031 pending shareholder approval. The board also noted Nabha Power's pending request to exit promoter group status, and Mr. Narayanan Kumar concluded his second term as director.

2 Board Meeting 🟡 Notable Neutral 📄 PDF

Revenue: ₹29,692 CrNet Profit: ₹3,571 Cr

📢 Key Event
Board approves Q1 FY2027 results and reappoints Luis Miranda as Independent Director.

💡 Investor Takeaway
The company delivered strong quarterly growth in revenue and profit with improved expense management, and secured leadership continuity through Luis Miranda's reappointment.

L&T Technology Services reported consolidated revenue of ₹2,940.1 crores and net profit of [amount not verified] for Q1 FY2027, up from ₹2,469.0 crores revenue and ₹3,523 crores profit in the prior quarter, with total expenses rising to ₹2,493.2 crores and tax expense at ₹1,237 crores; the board reappointed Luis Miranda as Independent Director for a second term ending 2031 and reclassified Nabha Power Limited out of the promoter group, while the limited review was conducted by M S K A & Associates LLP.

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