L&T Technology Services Limited has informed the Exchange that the 14th Annual General Meeting of the Company will be held on June 1, 2026
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L&T Technology Services reported FY2026 consolidated revenue of ₹1,09,959 million, up 14% from ₹96,422 million in FY2025. Net profit (including discontinued operations) stood at ₹12,811 million versus ₹12,635 million in FY2025. EPS increased to ₹120.71 from ₹119.70. By segment, Sustainability revenue grew 19% to ₹38,284 million and Tech grew 25% to ₹36,598 million, while Mobility was flat at ₹35,077 million. The Board recommended a final dividend of ₹40 per share (face value ₹2) with record date May 22, 2026 and AGM on June 1, 2026. Three director appointments were approved: Alind Saxena reappointed as Executive Director, Rajeev Gupta appointed as Executive Director & CFO, and Amitabh Kant (former G20 Sherpa and NITI Aayog CEO) appointed as Independent Director for 5 years. Exceptional items of ₹724 million were recorded due to new labour codes (₹354 million) and overseas restructuring (₹370 million). Auditors issued an unmodified opinion.
Strong revenue growth and dividend declaration are positive for shareholders. The high-profile appointment of Amitabh Kant as Independent Director may boost market confidence. However, flat Mobility segment and exceptional restructuring costs warrant monitoring.