Larsen & Toubro Limited has informed the Exchange regarding Notice of Postal Ballot
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Larsen & Toubro has notified the stock exchanges about a Postal Ballot notice sent to its shareholders. A postal ballot allows shareholders to vote on key company resolutions remotely via e-voting or postal mail, without attending a physical meeting. The specific resolutions and their rationale would be detailed in the notice itself. Shareholders are typically given a window (commonly 15-30 days) to cast their votes. The Board has already approved the items being put to vote.
This is a standard corporate governance procedure and is neutral on its own; however, the nature of the resolutions (such as fund raising, related-party transactions, or capital changes) could influence shareholder sentiment if material.