Larsen & Toubro Limited has informed the Exchange regarding allotment of 88894 securities pursuant to ESOP/ESPS at its meeting held on May 08, 2025
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Larsen & Toubro's Nomination & Remuneration Committee approved the allotment of 88,894 equity shares on May 8, 2025, to employees who exercised their stock options under the company's Employee Stock Option Schemes. The newly issued shares will rank equally with existing equity shares in all respects. This is a routine ESOP allotment, which increases the total share count marginally. The NRC meeting ran from 12:00 noon to 12:30 p.m. on the same day.
This is a routine ESOP allotment with negligible dilution impact for existing shareholders. No material effect on stock price expected.