Larsen & Toubro Limited has scheduled a meeting of its equity shareholders on Tuesday, August 4, 2026, at 3:00 p.m. (IST) via Video Conferencing (VC) or Other Audio-Visual Means (OAVM) to consider and approve the proposed Scheme of Arrangement between L&T (Transferor Company) and L&T Realty Properties Limited (LTRPL / Transferee Company). The meeting follows orders dated June 12, 2026, and subsequent rectification orders dated June 16, 2026, and June 25, 2026, passed by the National Company Law Tribunal (NCLT), Mumbai Bench, in Company Scheme Application No. CA (CAA) 59/MB-III/2026. The notice for the meeting was dispatched on June 27, 2026, by Company Secretary and Compliance Officer Subramanian Narayan.

Meeting and E-Voting Schedule

The meeting will be conducted without physical presence, adhering to Ministry of Corporate Affairs circulars regarding VC/OAVM. The key dates and procedural details are outlined below:

The NCLT has dispensed with the meetings of secured and unsecured creditors of L&T, as well as the meetings of equity shareholders and unsecured creditors of LTRPL. The scheme requires approval by a majority of persons representing three-fourths in value of the members of L&T casting their votes. The results of the voting will be announced on or before August 6, 2026.

Scheme Structure and Rationale

The Scheme provides for the transfer and vesting of the Realty Undertaking of L&T to LTRPL as a going concern on a slump sale basis, with effect from the Appointed Date of April 1, 2026. LTRPL, formerly known as L&T Seawoods Limited, is an unlisted wholly-owned subsidiary of L&T. The key structural features are summarised below:

The rationale for the scheme includes empowering LTRPL to operate under a focused management structure with sectoral expertise, enabling it to leverage L&T's brand equity and institutional strengths, and facilitating LTRPL's ability to raise financial resources through equity and debt from investors focused on the realty business.

Capital Structure and Financials

The scheme involves a reorganisation of LTRPL's share capital, including a consolidation and subsequent reduction of face value, with the differential credited to the securities premium account. There will be no change in the capital structure of L&T. The financial performance of the entities for the last three financial years is as follows:

L&T (₹ in crores)

*Excluding exceptional items, the recurring PAT for the financial year ended March 31, 2026 is ₹13,130 crores.

LTRPL (₹ in crores)

Assets and Liabilities Being Transferred

The assets and liabilities proposed to be transferred to LTRPL as on March 31, 2026, are detailed below:

Larsen & Toubro Limited's wholly owned subsidiary, Vyoma.AI Limited, has incorporated a new step-down subsidiary, LTA Data Centres Private Limited (LTADCPL), on June 20, 2026. The new entity has been established to focus on data centres and related technology-enabled services, marking an expansion in the infrastructure capabilities of the conglomerate's digital arm.

The incorporation follows the receipt of the Certificate of Incorporation from the Ministry of Corporate Affairs. Vyoma.AI Limited, along with its nominee shareholder, has subscribed to 100% of the equity shares of LTADCPL. The total authorised and subscribed capital of the new entity stands at ₹1,00,000, divided into 1,000 equity shares of ₹100 each.

Financial and Operational Details

The filing provided to the exchanges outlines the capital structure and ownership of the newly formed entity. As LTADCPL is yet to commence business operations, details regarding turnover and size are currently not applicable. The consideration for the acquisition of shares was made through a cash subscription.

Strategic Intent

The formation of LTADCPL is intended to establish data centres and offer related technology-enabled services. This move aligns with the growing demand for digital infrastructure. The disclosure was submitted to the exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.