L&T Finance Limited has informed the Exchange regarding Allotment of 798240 equity shares.
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L&T Finance Limited has allotted 7,98,240 equity shares to employees who exercised their stock options under the L&TFL Employee Stock Option Scheme – 2013. The allotment was approved by the ESOP Allotment Committee on March 4, 2026, through a resolution by circulation. The newly issued shares will rank equally with existing shares and be eligible for any future dividends. This is a routine event tied to the company's employee compensation program.
This is a standard ESOP exercise resulting in minor dilution. For existing shareholders, the impact on shareholding is negligible given the small size of the allotment relative to the company's total share base.