LT · price
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Larsen & Toubro's Nomination & Remuneration Committee approved the allotment of 35,981 equity shares on May 5, 2026. These shares were issued to employees who exercised their stock options under the company's ESOP scheme. The newly allotted shares will carry the same rights as existing equity shares, ranking pari-passu in all respects. This is a routine corporate action related to employee compensation.
This is a routine ESOP exercise with minimal share count (35,981 shares) relative to L&T's large equity base. The impact on stock price should be negligible, though it represents dilution of approximately 0.006% based on typical share counts.