L&T Finance seeks re-classification of Nabha Power to public category

L&T Finance has applied to the National Stock Exchange of India Limited and BSE Limited to re-classify Nabha Power Limited from the 'Promoter Group' category to the 'Public' category. This re-classification alters the shareholding structure of Nabha Power within L&T Finance's investment portfolio, moving it out of the promoter group classification. The application was submitted on July 14, 2026, under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board of Directors of L&T Finance approved the request received from Nabha Power Limited regarding this change on July 10, 2026. The company has now formally requested the exchanges to record this submission. The disclosure was signed by Sachinn Joshi, Chief Financial Officer of L&T Finance.

Key Details

Aspect	Details
Entity	Nabha Power Limited
Re-classification	Promoter Group to Public
Board Approval Date	July 10, 2026
Application Date	July 14, 2026
Regulation	SEBI (LODR) Regulations, 2015 Regulation 31A

The submission ensures compliance with applicable regulations and circulars governing shareholding disclosures.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.28%	-2.98%	+5.96%	+8.73%	+45.27%	+248.01%

L&T Finance has signaled expectations of steady growth in its gold loan business for the second quarter (Q2). The company's forward-looking stance on this segment underscores its continued emphasis on expanding its secured lending portfolio through gold-backed products.

Gold Loan Business Outlook

The anticipated steady growth in the gold loan segment reflects L&T Finance's ongoing efforts to strengthen its presence in the secured retail lending space. Gold loans have increasingly become a key focus area for non-banking financial companies (NBFCs) in India, given the segment's relatively lower credit risk profile and growing customer demand.

Parameter:	Details
Company:	L&T Finance
Segment:	Gold Loan Business
Period:	Q2
Outlook:	Steady Growth Expected

Key Highlights

L&T Finance expects steady growth in its gold loan business for Q2.
The gold loan segment forms part of the company's broader secured retail lending strategy.
The outlook indicates continued momentum in this product category.

The company's expectations for Q2 gold loan performance highlight its strategic focus on diversifying and growing its retail asset book. As one of India's prominent NBFCs, L&T Finance's commentary on the gold loan segment is closely watched by market participants tracking trends in secured lending.