Larsen & Toubro Limited has informed the Exchange about Incorporation of a wholly owned subsidiary.
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Larsen & Toubro has incorporated a new wholly owned subsidiary named 'SuFin Limited' on January 2, 2026, with the Certificate of Incorporation received from MCA on January 7, 2026. The subsidiary has an authorized capital of Rs. 5 lakh (50,000 equity shares of Rs. 10 each), fully subscribed by L&T along with its nominee shareholders. SuFin Limited is set up to engage in wholesale trade through e-commerce and will carry forward L&T's existing 'Sufin Business' on terms to be agreed in the future. The entity is yet to commence business operations and is incorporated in India.
This is a routine internal restructuring move to house L&T's existing Sufin e-commerce wholesale business in a dedicated subsidiary, which could allow focused scaling or future partnerships. The financial impact is negligible given the tiny initial capital, and it should not materially affect shareholders in the near term.