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 has amended its Articles of Association after shareholders approved the change at the 17th Annual General Meeting held on June 3, 2025. The amendment removes provisions that were originally inserted into the AoA in 2015 to reflect an investment agreement with Bain Capital (BC Asia Growth Investments and BC Investments VI Limited). That investment agreement was terminated effective June 13, 2024, after Bain Capital sold its entire shareholding in the company. Since the agreement no longer exists, the related clauses in the AoA have been deleted. The full details of the amendment were included in the AGM notice dated April 25, 2025, and the updated AoA has been uploaded to the company's website.
This is a routine housekeeping amendment with no material impact on shareholders, business operations, or stock price. It simply cleans up the company's governing document to remove outdated clauses tied to an investor that has already exited.