We would like to inform about the following change in the Senior Management Personnel of the Company: -A. Cessation of Mr. M. T. Lakshmanan as Chief Human Resource Officer and SeniorManagement Personnel of the Company with effect from close of business hours on July31, 2025.B. Appointment of Mr. T. Shivram as Chief Human Resource Officer and Senior ManagementPersonnel of the Company with effect from August 1, 2025.
LTTS · price
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LTTS announced a change at the Chief Human Resource Officer (CHRO) position, effective August 1, 2025. Mr. M. T. Lakshmanan, the current CHRO, will step down on July 31, 2025 as he is being transferred back to the parent company Larsen & Toubro (L&T) for his next assignment. He had been on deputation from L&T. Mr. T. Shivram, also deputed from L&T, will take over as the new CHRO from August 1, 2025. Mr. Shivram brings over 28 years of HR experience from companies such as SAP Labs India, Hewlett-Packard, and Standard Chartered Bank, and has been with L&T since 2019. The company has appreciated Mr. Lakshmanan's contributions and welcomed Mr. Shivram to the role.
This is a routine internal change within the L&T group and signals smooth succession planning with no governance red flags. Investors are unlikely to see a material impact on the stock from this HR leadership transition.