L&T Finance Limited has issued a postal ballot notice dated September 3, 2026, seeking shareholder approval for key board appointments and a strategic expansion into digital payments. The NBFC aims to amend its Memorandum of Association to permit the issuance and operation of prepaid payment instruments (PPIs), including wallets and cards.

Board Appointments

The company proposes the appointment of Mr. Sachinn Joshi as Whole-Time Director for two years, effective August 10, 2026. Currently serving as Chief Financial Officer, Mr. Joshi will receive an annual fixed pay of ₹3.63 crore and performance-linked incentives up to ₹1.49 crore. His tenure is subject to retirement by rotation.

Mr. Raju Dodti, currently the Chief Operating Officer, is proposed for appointment as Whole-Time Director for three years starting August 10, 2026. His compensation package includes an annual fixed pay of ₹3.55 crore and variable remuneration up to ₹1.67 crore. Both appointments have received prior approval from the Reserve Bank of India.

Additionally, Mr. Prashant Kumar is proposed for appointment as an Independent Director for five consecutive years, effective July 10, 2026. A seasoned banking leader with over four decades of experience, including his role in the reconstruction of Yes Bank, Mr. Kumar will receive sitting fees and commission as approved by the Board.

Strategic Expansion into PPIs

The most material proposal involves amending Clause III(A) of the company’s Memorandum of Association to include the business of issuing and operating prepaid payment instruments. This amendment is a regulatory prerequisite for applying to the Reserve Bank of India under the Payment and Settlement Systems Act, 2007.

The proposed clause explicitly covers mobile wallets, digital wallets, co-branded cards, and auxiliary services such as merchant payments, remittances, and bill payments. The Board views this move as capitalizing on opportunities in the rapidly growing digital payments industry.

Voting Details

Shareholders holding shares as on the cut-off date of August 31, 2026, are eligible to vote electronically. The e-voting window opens on September 7, 2026, at 9:00 am and closes on October 6, 2026, at 5:00 pm. Results will be declared on or before October 7, 2026.

L&T Finance Limited has scheduled a series of meetings with institutional investors and analysts in Mumbai later this month.

The company will host a site visit for investors on September 9, 2026. This is followed by group and one-on-one meetings at the UBS Conference on September 10, 2026 and September 11, 2026.

Meeting Schedule

All sessions will be conducted in person in Mumbai. The detailed schedule is as follows:

The schedule remains subject to change based on investor or company exigencies.

Disclosure Compliance

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. L&T Finance Limited stated that no unpublished price-sensitive information would be shared during these interactions. Presentations will align with those available on the company’s website and stock exchange portals.