Summary proceedings and scrutinizer report attached
Awaiting price reaction for this filing.
LTIMindtree held its 29th AGM on May 30, 2025 via video conference, with 59 members attending and all 7 resolutions passed with the requisite majority. Key items approved include the audited standalone and consolidated financial statements for FY25, a final dividend of INR 45 per equity share (face value INR 1) for FY 2024-25, related party transactions with holding company Larsen & Toubro, and the appointment of M/s. Alwyn Jay & Co as secretarial auditors. A major leadership change was announced: Mr. Debashis Chatterjee, CEO & Managing Director, opted for retirement due to personal reasons on his last working day, and the Board approved the appointment of Mr. Venugopal Lambu (previously CEO-Designate) as the new CEO & Managing Director effective May 31, 2025. The meeting was chaired by Mr. S.N. Subrahmanyan and concluded at 4:10 p.m.
The CEO transition is the most material event for shareholders — investors will closely watch how the new CEO Venugopal Lambu steers growth strategy. The final dividend of INR 45/share is a positive return event, and the smooth passage of all resolutions, including related party transactions with L&T, indicates no governance friction.