Change in Directors and Key Managerial Personnel of the Company
LT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
L&T's Board Meeting held on May 5, 2026 approved robust FY2025-26 results with record order inflows of ₹435,590 crore (up 22%), revenues of ₹285,874 crore (up 12%), and recurring PAT of ₹17,238 crore (up 18%). The Board recommended a final dividend of ₹38 per share (vs ₹34 earlier). Key leadership changes include appointment of Mr. Vijay Sankar as Independent Director (5-year term from May 27, 2026), re-appointment of Mr. Pramit Jhaveri as Independent Director (second term from April 1, 2027), and re-appointment of Mr. R. Shankar Raman as President & Whole-time Director - Finance (2-year term from October 1, 2026). Consequent to this, Mr. P. Ramakrishnan (currently Sr. VP - Corporate Accounts) is appointed as CFO effective July 1, 2026, succeeding Mr. R. Shankar Raman who ceases as CFO from June 30, 2026.
The strong financial performance and planned CFO transition indicate continuity in leadership and financial management. The new independent director appointments strengthen board governance. Shareholders should note the 81st AGM scheduled for June 5, 2026 and record date of May 22, 2026 for dividend entitlement.