Larsen & Toubro Limited has informed the Exchange about change in Management

Cfo ResignedManagement Changes View source PDF Explain this filing

LT · price

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Price reactionminutes from the announcement price · days from the prior close

-1.5%Reaction day

₹4075.00

prior close

₹3974.00

announcement price

After-mkt

timing

Nifty 100market · index membership as recorded later (tracked since Jun 2026)+1.3%-2.8% vs market

Civil Construction peers, median of 100sector+0.8%-2.4% vs sector

On the reaction day the stock moved 2.8 pts less than Nifty 100 and 2.4 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.5

10m

-1.2

15m

-1.2

30m

-1.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.5+1.3-2.8+0.8-2.4

Next day

-1.3+1.3-2.6+1.5-2.7

-2.4+0.7-3.1+0.6-3.0

-3.3-0.8-2.5-1.3-2.0

-5.2-2.8-2.4-3.5-1.7

-3.8-2.5-1.3-3.4-0.4

-4.2-1.7-2.5-4.8+0.6

15d

-0.6-0.1-0.5-4.2+3.6

-5.0-3.5-1.5-7.4+2.3

-0.9+1.9-2.8-4.4+3.5

-0.3+3.1-3.4-6.7+6.4

UpDownMarket · Nifty 100Sector · Civil Construction peers, median of 100Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

L&T reported strong FY2026 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 (up from ₹34). Key management changes include appointment of Vijay Sankar as Independent Director (May 2026), re-appointment of Pramit Jhaveri for a second 5-year term (April 2027), and a CFO transition where P. Ramakrishnan takes over from R. Shankar Raman effective July 1, 2026. Shankar Raman continues as President and Whole-time Director - Finance. The 81st AGM is scheduled for June 5, 2026.

Likely market impact

Strong financial performance and higher dividend signal healthy operations. The CFO transition represents routine succession planning as Shankar Raman moves to a broader finance leadership role while continuing at L&T. Overall, this is a stable management transition with no governance concerns.