Please find enclosed appointment of Mr. Dhananjaya Tambe (DIN 07260971) as Independent director of the Company w.e.f July 1, 2025 and M/s Alwyn Jay & Co as Secretarial auditor of the Company.
Awaiting price reaction for this filing.
L&T Finance Limited (formerly L&T Finance Holdings) announced its audited consolidated and standalone results for Q4 and FY ended March 31, 2025. Consolidated total income rose to Rs. 15,940.98 crore from Rs. 14,051.05 crore in FY24, while profit after tax grew to Rs. 2,643.42 crore from Rs. 2,317.13 crore, with diluted EPS of Rs. 10.57. The board recommended a final dividend of Rs. 2.75 per share (face value Rs. 10), higher than Rs. 2.50 paid last year, subject to shareholder approval. Total assets stood at Rs. 1,20,409 crore with net worth of Rs. 25,564 crore and a debt-equity ratio of 3.61. The board also approved the appointment of Mr. Dhananjaya Tambe as Independent Director for a 5-year term starting July 1, 2025, and M/s Alwyn Jay and Co. as Secretarial Auditor for FY2025-26 to FY2029-30. Joint statutory auditors Brahmayya & Co. and T R Chadha & Co. LLP issued unmodified opinions on the results.
Positive for shareholders – a ~14% rise in annual profit, a higher dividend payout, and an unmodified auditor opinion signal healthy financials and governance continuity. The new director and auditor appointments are routine governance actions and unlikely to move the stock.