L&T Technology Services Limited has informed the Exchange regarding Re-appointment of Mr Alind Saxena (DIN: 10118258) as Executive Director & President Strategic Initiatives and Growth Markets of the company w.e.f. April 26, 2026 up to and including April 25, 2029.
LTTS · price
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L&T Technology Services held its Board meeting on April 22, 2026, approving multiple items. The company reported FY2026 consolidated revenue of Rs. 109,959 million (up 14% YoY) and net profit of Rs. 12,811 million. The Board recommended a final dividend of Rs. 40 per equity share, payable after shareholder approval at the 14th AGM scheduled for June 1, 2026. Key leadership changes include the re-appointment of Mr. Alind Saxena as Executive Director for 3 years, appointment of Mr. Rajeev Gupta (existing CFO) as Executive Director & CFO, and appointment of Mr. Amitabh Kant (former G20 Sherpa) as Independent Director for 5 years. An exceptional item of Rs. 724 million was recorded for labour code changes and overseas restructuring. The 14th AGM will be held on June 1, 2026, with May 22, 2026 as the record date for dividend eligibility.
The company demonstrated solid financial performance with 14% revenue growth and recommended a 20x dividend. Leadership continuity with Alind Saxena's re-appointment and high-profile appointment of Amitabh Kant as Independent Director signals stability and governance strength. The stock appears unchanged by this announcement as it reflects routine corporate actions.