LTIMindtree Limited has informed the Exchange regarding Notice of Postal Ballot
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LTIMindtree Limited has sent out a Postal Ballot Notice to shareholders seeking approval to appoint Mr. Venugopal Lambu as Managing Director (designated as CEO), effective May 31, 2025 until January 23, 2030. Mr. Lambu, aged 53, was already serving as Whole-time Director and CEO-Designate since January 24, 2025, and is taking over from Mr. Debashis Chatterjee who retired as CEO & MD on May 30, 2025. He brings 30+ years of technology industry experience, including prior stints at Randstad Digital (USD 3 billion arm), Cognizant, HCL Technologies, and IBM, and had earlier led global markets at LTIMindtree from 2020 to 2023 with 5x growth. His remuneration terms remain the same as those already approved by shareholders in April 2025 (he was paid INR 37.40 million during FY25). Since he is a non-resident, the company will also seek Central Government approval. E-voting is open from July 9, 2025 to August 7, 2025, with the July 4, 2025 cut-off date for eligibility.
This is largely a formal confirmation since Mr. Lambu was already functioning as CEO-Designate and the remuneration was previously approved by shareholders in April 2025. No material change in leadership terms; minimal expected impact on stock price as the transition has already been underway.