Submission of Scrutinizer''s report
Awaiting price reaction for this filing.
LTIMindtree held its 29th Annual General Meeting on May 30, 2025 via video conference, with 59 members in attendance. All resolutions in the AGM notice were passed with the required majority, including adoption of FY25 financial statements, declaration of a final dividend of INR 45 per share (face value INR 1), appointment of directors, related party transactions with holding company Larsen & Toubro, and appointment of M/s Alwyn Jay & Co as secretarial auditors. A major leadership change was announced during the meeting: CEO & MD Debashis Chatterjee retired for personal reasons on his last working day, and the board appointed Venugopal Lambu as the new CEO & MD effective May 31, 2025. The Scrutinizer (Krupa Joisar) validated the e-voting process and confirmed the results.
Shareholders approved a total dividend payout for FY25 alongside a smooth CEO transition from Debashis Chatterjee to Venugopal Lambu, which is a key governance event that may influence investor sentiment on leadership continuity at the company.