Larsen & Toubro Limited has informed the Exchange about Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR) Incorporation of a wholly owned step-down subsidiary.
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Larsen & Toubro Limited has incorporated a new wholly owned step-down subsidiary named Panipat Green Hydrogen Private Limited (PGHPL) through its wholly owned arm L&T Energy Green Tech Limited. PGHPL was set up on June 30, 2025, to develop green hydrogen projects and related businesses in India. The new entity has an authorised capital of just Rs. 1 lakh (10,000 equity shares of Rs. 10 each), all subscribed by L&T Energy Green Tech Limited at par in cash. PGHPL has not yet commenced business operations and no government or regulatory approvals were required for the incorporation. The investment qualifies as a related party transaction since it is between a parent and its wholly owned step-down subsidiary, done at arm's length.
This is a small greenfield corporate action with no immediate financial impact, as the new entity has minimal capital and has not started operations yet. However, it signals L&T's continued strategic push into the green hydrogen and clean energy space, which could be positive for long-term growth visibility.