L&T Finance shareholders approved a final dividend of ₹2.75 per equity share for the financial year ended March 31, 2026 at the Eighteenth Annual General Meeting held on May 29, 2026. The meeting, conducted via video conferencing, also sanctioned the re-appointment of a director and amendments to the company's capital structure. The company reported achieving its highest ever consolidated annual profit after tax and crossing a consolidated book of ₹1.20 lakh crore during FY26.

The resolution to adopt the financial statements for the year ended March 31, 2026, received 99.9999% approval, with 2,16,48,05,236 votes in favour and 1,734 against. The declaration of the final dividend was passed with 99.9999% of votes polled, totaling 2,16,49,32,867 in favour and 1,597 against.

Voting Results Summary

Director Re-appointment

Shareholders approved the appointment of Mr. S. N. Subrahmanyam, who retires by rotation, for another term. This resolution received 95.5817% approval, with 2,06,91,62,576 votes in favour and 9,56,46,879 votes against. Public Institutions cast 9,55,83,391 votes against the resolution, representing 19.4976% of their votes polled.

Capital Structure Changes

The company secured approval to amend its authorised preference share capital in the Memorandum of Association. The ordinary resolution passed with 98.6758% of votes in favour. Additionally, a special resolution was passed to authorise the issuance of Cumulative Compulsorily Redeemable Non-Convertible Preference Shares via public offer or private placement, receiving 99.2263% approval.

The scrutinizer's report confirmed that all four ordinary resolutions and one special resolution were passed with the requisite majority. Remote e-voting was conducted between May 26, 2026, and May 28, 2026, with 7,59,740 shareholders on record as of the cut-off date of May 22, 2026.

L&T Finance has classified Ms. Shatabdi Basu Gupta, its Chief Human Resources Officer, as Senior Management Personnel effective May 27, 2026. This categorization follows the necessary approval granted by the company's Nomination and Remuneration Committee (NRC) during its meeting held on the same day. The decision was communicated to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Management Change Details

The NRC meeting commenced at 11:15 a.m. and concluded at 1:25 p.m. on May 27, 2026. The disclosure regarding the categorization was made in accordance with the requirements specified in the SEBI master circular dated January 30, 2026. The company stated that the appointment date and term details were not applicable (N.A.) for this specific categorization event.

Profile of Ms. Shatabdi Basu Gupta

Ms. Shatabdi Basu Gupta is a seasoned HR leader with over 27 years of experience, known for driving strategic initiatives and leading diverse, high-performing teams. Before assuming her current role at L&T Finance, she spent a substantial part of her career with Larsen & Toubro Limited, where she held several key leadership positions. Most recently, she served as the Head of Human Resources for L&T's Transportation Infrastructure Independent Company (IC).

During her tenure at Larsen & Toubro Limited, she played a pivotal role in establishing the HR Business Partnering model and led the compensation & benefits function. Her expertise includes HR strategy development, organizational design, and the implementation of robust policies and governance frameworks that enhance operational efficiency.

Educational Background

Ms. Gupta began her professional journey with Torrent Pharmaceuticals, building a strong foundation in corporate HR practices. She holds a postgraduate degree in Economics from the University of Hyderabad and a Post Graduate Diploma in Personnel Management from Xavier Institute of Social Service, Ranchi. Additionally, she is an accredited administrator of the MBTI psychometric assessment and a Certified Organization Development practitioner from the National Training Laboratories (NTL) Institute, USA.