L&T Technology Services Limited has disclosed the allotment of 4,250 equity shares under its Employee Stock Option Scheme 2016. The Nomination and Remuneration Committee of the Board of Directors approved the allotment during its meeting held on April 22, 2026, at approximately 4:10 p.m. IST. The disclosure was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The equity shares have been allotted to grantees who exercised their vested stock options under the ESOP Scheme - 2016. Each share carries a face value of Rs. 2/-. The newly issued shares will rank pari-passu with the existing shares of the company in all respects, ensuring equal rights and privileges for the shareholders.

Key Details of the Allotment

The company's stock is listed on both the National Stock Exchange of India Limited (NSE) under the symbol LTTS and BSE Limited with scrip code 540115. The disclosure was signed by Prasad Vishnu Shanbhag, Company Secretary & Compliance Officer, on behalf of L&T Technology Services .

This allotment represents the company's continued commitment to its employee stock option program, enabling eligible employees to convert their vested options into equity shares. The shares issued under this scheme will be treated on par with existing shares in terms of rights, benefits, and privileges.

Company Information

L&T Technology Services Board of Directors approved comprehensive audited financial results for FY26 during its meeting held on April 22, 2026, alongside announcing significant corporate developments including dividend recommendations and leadership appointments. The engineering services company reported strong annual performance with revenue reaching ₹109,959 million and consolidated net profit of ₹12,811 million.

FY26 Financial Performance Overview

The company achieved robust annual growth with revenue from continuing operations of ₹109,959 million, representing 14.0% growth from the previous year's ₹96,422 million. Net profit from continuing operations stood at ₹12,300 million, marking 3.4% growth, while total net profit including discontinued operations reached ₹12,811 million.

Q4FY26 Quarterly Results

For Q4FY26, the company delivered revenue of ₹28,579 million with net profit of ₹3,327 million. The quarterly performance showed strong momentum with revenue growth of 8.3% year-on-year and net profit growth of 7.3% YoY from continuing operations.

Segment-wise Performance Analysis

The company's three business segments showed varied performance during FY26. Sustainability segment led with strong growth, achieving revenue of ₹38,284 million (+19.0% YoY), followed by Tech segment at ₹36,598 million (+25.5% YoY), while Mobility segment maintained steady performance at ₹35,077 million (-0.03% YoY).

Board Decisions and Corporate Developments

The Board recommended a final dividend of ₹40 per equity share of face value ₹2 each for FY26, representing a dividend payout ratio of 48% for the year. The proposed dividend will be paid within 30 days after shareholder approval at the Annual General Meeting scheduled for June 1, 2026.

Key Leadership Appointments

Significant leadership appointments were approved by the Board. Mr. Rajeev Gupta was appointed as Executive Director & Chief Financial Officer for three years from April 22, 2026 to April 21, 2029. Additionally, Mr. Amitabh Kant was appointed as Independent Director for five years from April 22, 2026 to April 21, 2031. The Board also approved re-appointment of Mr. Alind Saxena as Executive Director & President-Strategic Initiatives and Growth Markets for three years from April 26, 2026.

Auditor Confirmation and Compliance

The Board took note of the unmodified audit reports issued by M S K A & Associates (Statutory Auditors) on the audited standalone and consolidated financial results. The company confirmed compliance with Regulation 33 of the SEBI Listing Regulations, with all financial results prepared in accordance with Indian Accounting Standards (Ind AS).