L&T Finance Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
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L&T Finance Limited shareholders at the 18th AGM held on May 29, 2026 approved amendments to the Memorandum of Association regarding authorized preference share capital. Following corporate restructuring through mergers, the company needed to align its MoA with SEBI's Master Circular dated October 15, 2025, which mandates face values of Rs. 1,00,000 or Rs. 10,000 for non-convertible redeemable preference shares issued via private placement. The authorized preference share capital was restructured from 50.12 crore shares of Rs. 100 each plus 10,000 shares of Rs. 10 lakh each, to 5.01 lakh shares of Rs. 1 lakh each plus 10 lakh shares of Rs. 10,000 each. The change enables the company to issue preference shares by way of public issue or private placement.
This is a regulatory compliance update that reduces authorized preference share capital, reflecting post-restructuring requirements. The amendment provides flexibility for future preference share issuances but has no immediate impact on the company's fundamental operations or existing shareholder equity.