Pursuant to Regulation 31A (8)(B) of SEBI LODR, Board has approved re-classification of Nabha Power Limited from the "Promoter Group" category to the "Public" category.
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The Board of L&T Technology Services approved the reclassification of Nabha Power Limited (NPL) from the 'Promoter Group' category to the 'Public' category under SEBI LODR Regulation 31A(8)(b), subject to stock exchange and other regulatory approvals. NPL had requested this change in a letter dated June 26, 2026, and the Board was satisfied that regulatory conditions have been met. Separately, the Board approved the unaudited consolidated and standalone financial results for Q1 FY27 (quarter ended June 30, 2026), reporting consolidated revenue of ₹29,401 million (up from ₹26,375 million in Q1 FY26) and a net profit of ₹3,571 million (up from ₹3,161 million). The Board also noted the completion of Mr. Narayanan Kumar's second term as Independent Director (ceasing July 14, 2026) and approved the re-appointment of Mr. Luis Miranda as Independent Director for a second five-year term starting October 19, 2026.
The reclassification of NPL from Promoter Group to Public is a technical/regulatory action and does not involve any share transfer; it primarily changes how NPL's shareholding is categorized, which may marginally increase the public shareholding percentage. The Q1 results show healthy double-digit growth in both revenue and profit, which is a positive signal for shareholders. Director changes are routine and unlikely to materially impact the stock.