L&T NCLT-convened shareholder meet on Aug 4 for Realty arm scheme

Nclt Scheme FiledStrategic Transactions View source PDF

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Price reaction · full curve 14 horizons · vs prior close

-1.4%1-day move

₹4202.10

prior close

₹4225.00

base price

After-mkt

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AI summary

L&T has called a court-convened meeting of equity shareholders on August 4, 2026 at 3 PM via video conferencing, as directed by the NCLT Mumbai Bench. Shareholders will vote on a Scheme of Arrangement to transfer L&T's Realty Undertaking to its subsidiary L&T Realty Properties Limited (LTRPL) under Sections 230 to 232 of the Companies Act, 2013. Remote e-voting runs from July 31 to August 3. Cut-off date for eligibility is July 28. NCLT has dispensed with creditor meetings; creditors can submit objections within 30 days.

Likely market impact

Shareholders will vote on transferring L&T's realty business to subsidiary LTRPL. Requires 75 percent majority by value of members to pass.