The notice for the 13th Annual General Meeting for FY2024-25.
Awaiting price reaction for this filing.
L&T Technology Services Limited (LTTS) has issued notice for its 13th AGM scheduled on June 16, 2025 at 3:00 PM IST via video conferencing. Key items include adoption of audited financial statements for FY2024-25, declaration of a final dividend of ₹38 per equity share (face value ₹2), and re-appointment of two retiring directors (Mr. S.N. Subrahmanyan and Mr. Alind Saxena). Shareholders will also consider appointing M/s. Alwyn Jay & Co. as Secretarial Auditors for a 5-year term (FY26–FY30), re-appointing Mr. Chandrasekaran Ramakrishnan as Independent Director for a second 5-year term, and re-appointing Mr. Abhishek Sinha as Executive Director for 3 years. A material related party transaction with holding company Larsen & Toubro Limited, up to ₹3,000 Crore for one year, requires shareholder approval.
The ₹38 final dividend reflects a healthy payout to shareholders. The proposed ₹3,000 Crore related party transaction with parent L&T is a routine operational matter but warrants shareholder attention given the scale. Director re-appointments and auditor appointment are standard governance items.