L&T Finance Limited has informed the Exchange regarding Allotment of 2483348 Shares.
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L&T Finance Limited has allotted 24,83,348 equity shares to employees who exercised their stock options under the L&TFL Employee Stock Option Scheme 2013. The allotment was approved by the Nomination and Remuneration Committee at its meeting held on April 24, 2025. The newly issued shares will rank equally with existing shares and will be eligible for any future dividends declared. This is a routine ESOP-related allotment disclosed under SEBI Listing Regulations.
This is a routine corporate action causing a small dilution of equity due to ESOP exercises. It has no material impact on shareholders as it is part of the company's existing employee compensation framework.