Disclosure pursuant to Paragraph 9.1 (a) of the Chapter VIII of SEBI Master Circular No. SEBI/HO/DDHS/PoD1/P/CIR/2024/54 dated May 22, 2024
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Awaiting price reaction for this filing.
Larsen & Toubro has filed a routine half-yearly disclosure listing its 7 outstanding Non-Convertible Debenture (NCD) series as on 31st March 2025, totalling Rs. 15,300 crore in outstanding debt. Coupon rates range from 7.19% to 8.00%, all with annual interest payments and no embedded options. Two NCDs — worth Rs. 2,500 crore (maturing 28 April 2025) and Rs. 1,500 crore (maturing 2 May 2025) — are coming up for repayment shortly. The most recent issuance was Rs. 4,000 crore in January 2025 at 7.20% for a 10-year tenor, indicating continued easy access to debt markets. Maturities extend up to January 2035, giving the company a well-spread debt repayment profile.
This is a standard SEBI compliance filing with no direct impact on equity shareholders or stock price. The two near-term maturities of Rs. 4,000 crore in April-May 2025 are routine refinancing events that L&T's strong credit profile comfortably supports.