Please find enclosed voting results along with scrutinizer report for the AGM held on May 29, 2026
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L&T Finance Limited held its 18th AGM on May 29, 2026 via video conferencing with 7,59,740 eligible shareholders. All 5 resolutions were passed: (1) Adoption of FY26 financial statements with 99.9999% approval, (2) Declaration of final dividend of Rs 2.75 per equity share (face value Rs 10) with 99.9999% approval, (3) Reappointment of Mr. S. N. Subrahmanyan as director with 95.58% approval (notable 4.42% dissent), (4) Amendment to authorized preference share capital with 98.68% approval, and (5) Issuance of Cumulative Compulsorily Redeemable Non-Convertible Preference Shares as a Special Resolution with 99.23% approval. Total voting participation was 86.4% of outstanding shares. The scrutinizer (S. N. Viswanathan) confirmed all resolutions passed with requisite majorities.
Shareholders approved the FY26 dividend of Rs 2.75 per share and authorized the company to issue preference shares for capital raising. The notable 19.5% dissent from public institutional investors on the director reappointment of S.N. Subrahmanyan signals some institutional concern that investors may want to monitor.