Larsen & Toubro Limited has informed the Exchange regarding 'Amalgamation of SiliConch Systems Private Limited, a step-down subsidiary of the Company with L&T Semiconductor Technologies Limited a wholly owned subsidiary'.
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L&T has completed the amalgamation of its step-down subsidiary SiliConch Systems Private Limited (SSPL) with its wholly-owned subsidiary L&T Semiconductor Technologies Limited (LTSCT). SSPL, which was a wholly-owned subsidiary of LTSCT, has now ceased to be a separate entity. The Scheme of Amalgamation was approved by the Regional Director, Western Region (Ministry of Corporate Affairs) on March 13, 2026, with an appointed date of August 10, 2025. The effective date of the merger is March 24, 2026. This is an internal group restructuring with no external counterparty involved.
This is a routine internal consolidation within L&T's group structure and is unlikely to have any material impact on L&T's consolidated financials or shareholders. The move simplifies the semiconductor subsidiary structure by merging SSPL into LTSCT.