Please find enclosed proceedings of AGM held on May 29, 2026
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L&T Finance Limited held its 18th AGM on May 29, 2026 via video conference, chaired by Mr. S.N. Subrahmanyan. The meeting approved adoption of audited standalone and consolidated financial statements for FY26 and declared a final dividend of Rs. 2.75 per equity share (face value Rs. 10). Mr. S.N. Subrahmanyan was re-appointed as director retiring by rotation. Special business included amendment to authorised preference share capital and issuance of Cumulative Compulsorily Redeemable Non-Convertible Preference Shares. The Chairman highlighted FY26 achievements including highest ever retail disbursements and consolidated profit after tax, with consolidated book crossing Rs. 1.20 lakh Crore. Remote e-voting was conducted from May 26-28, 2026.
The dividend declaration of Rs. 2.75 per share is positive for shareholders. The proposal to issue preference shares may impact capital structure and requires shareholder attention. All ordinary and special business items were transacted with e-voting results to be declared within two working days.