L&T Finance Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on May 29, 2026. Further, the company has informed the Exchange regarding voting results.
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L&T Finance Limited held its 18th AGM on May 29, 2026 through video conferencing. All 5 resolutions were passed with overwhelming majority. The financial statements for FY 2025-26 were adopted, and a final dividend of Rs 2.75 per equity share (face value Rs 10) was approved. Mr. S.N. Subrahmanyan was re-appointed as director with 95.58% shareholder approval, though notably 19.5% of Public Institutional voters opposed his appointment. The company also received approval to issue Cumulative Compulsorily Redeemable Non-Convertible Preference Shares and amend its Memorandum of Association for preference share capital. Total voting participation was strong at 86.4% of outstanding shares across 7,59,740 shareholders on record.
Shareholders approved all agenda items including the dividend and preference share issuance, signalling continued shareholder confidence. The notable institutional dissent on the director re-appointment may warrant monitoring but does not change the outcome. The preference share issuance could provide flexibility for future capital raising.