Announced Sat, 27 Jun · 19:06 IST
NCLT meeting on Aug 4 for L&T to L&T Realty Properties scheme
LT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.4%1-day move
₹4202.10
prior close
₹4225.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.4-0.2-0.3+0.2-1.4-2.6-3.5-4.3-3.9-7.2-8.7———
Up moveDown movePending
AI summary
NCLT has called an L&T equity shareholders meeting on August 4, 2026 at 3 PM via video conferencing to consider transferring L&T's Realty Undertaking to its subsidiary L&T Realty Properties Limited. Remote e-voting runs July 31 to August 3, with July 28 cut-off. NCLT dispensed with creditors' meetings. BSE and NSE have issued observation letters. Scheme needs three-fourths majority by value to pass.
Likely market impact
If approved, the realty business moves into L&T Realty Properties, a subsidiary. Vote by August 3; needs 75 percent majority by value.