Larsen & Toubro Limited has informed the Exchange regarding the allotment of 61,007 securities pursuant to ESOP/ESPS through a resolution passed by circulation on May 15, 2026, by the Nomination & Remuneration Committee (NRC).

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AI summary

Larsen & Toubro's Nomination & Remuneration Committee approved the allotment of 61,007 equity shares to employees who exercised their stock options under the company's ESOP schemes. The resolution was passed via circulation on May 15, 2026. These newly allotted shares will rank equally with existing equity shares in all respects.

Likely market impact

This is a routine corporate action with negligible shareholding impact. The dilution is minimal given the small number of shares relative to the company's total equity base. No material impact expected on the stock price.