L&T Finance Limited has informed the Exchange regarding Appointment of Sachinn Joshi as Executive Director of the company. The said appointment is subject to necessaryapprovals from regulatory authorities and shareholders of the Company and will be effectivefrom the date /as per the receipt of approval from regulatory authorities
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L&T Finance Limited's Board meeting on April 24, 2026 approved multiple items. The company reported audited consolidated net profit of Rs 2,982.87 crore for FY ended March 2026, up 12.8% from Rs 2,643.42 crore in the previous year. Total income stood at Rs 17,917.03 crore. The Board recommended a final dividend of Rs 2.75 per equity share for FY 2025-26, unchanged from the prior year. The company received approval to enter the pre-paid instruments business (wallets and cards) and to raise funds via non-convertible debentures up to Rs 1,23,500 crore. Additionally, Mr. Sachinn Joshi and Mr. Raju Dodti were appointed as Whole-time Directors for 2 and 3 years respectively, both appointments subject to regulatory and shareholder approvals.
Strong financial performance with 12.8% profit growth and maintained dividend signals company stability. Entry into pre-paid instruments expands business scope. Director appointments strengthen leadership but require approvals before taking effect.