Announced Wed, 22 Apr · 20:00 IST

L&T Technology Services Limited has informed the Exchange regarding Appointment of Mr Amitabh Kant (DIN:00222708) as Non- Executive Independent Director of the company w.e.f. April 22, 2026 up to and including April 21, 2031.

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Price reaction · full curve 14 horizons · vs prior close
-4.8%1-day move
₹3548.00
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₹3498.60
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AI summary

L&T Technology Services held its Board meeting on April 22, 2026, approving multiple items. The company reported audited FY2026 consolidated revenue of Rs. 109,959 million (up 14% from Rs. 96,422 million) and net profit of Rs. 12,811 million. The Board recommended a final dividend of Rs. 40 per equity share. Key board appointments include Mr. Amitabh Kant (former NITI Aayog CEO and G20 Sherpa to PM) as Independent Director for 5 years, Mr. Rajeev Gupta formalized as Executive Director & CFO for 3 years, and Mr. Alind Saxena re-appointed as Executive Director. The 14th AGM is scheduled for June 1, 2026.

Likely market impact

The appointment of a high-profile independent director like Amitabh Kant brings significant governance credibility. Strong FY2026 financials with 14% revenue growth and improved profitability are positive signals for shareholders.