Larsen & Toubro Limited, the promoter of L&T Technology Services , has declared that it holds 73.57% of the company's equity shares free of any encumbrance. The declaration covers 7,79,86,899 equity shares and was submitted to the stock exchanges on April 1, 2026. This disclosure assures stakeholders regarding the status of the promoter's holding in the engineering services firm.

The filing was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The regulation requires promoters to disclose details of any encumbrance created on the shares held by them. In this instance, the promoter confirmed that no such encumbrance has been created, directly or indirectly, on the shares held.

Regulatory Compliance

The promoter has requested L&T Technology Services Limited to communicate this declaration to its Audit Committee during its next meeting, as mandated by Regulation 31(5) of the regulations. This procedural step ensures that the company's governance bodies are formally informed about the status of the shareholding.

The following table details the shareholding disclosed in the filing:

The declaration was signed by Suburamanian Narayan, Company Secretary & Compliance Officer of Larsen & Toubro Limited.

L&T Technology Services has entered into a strategic go-to-market partnership with Databricks to co-develop and deliver Industrial AI solutions that advance Engineering Intelligence for asset-intensive enterprises. Anchored in LTTS' Sustainability segment, spanning Process Engineering, Discrete Manufacturing and Industrial Products, the partnership will support Energy, Petrochemicals and Industrials clients globally. The collaboration aims to transform complex plant data into actionable insights, enabling improved asset reliability, operational efficiency and sustainability performance.

Strategic Alliance for Engineering Intelligence

The partnership combines LTTS' deep domain capabilities and extensive experience across more than 600 major plants worldwide with Databricks' leading AI, analytics, and data capabilities. This alliance enables industrial enterprises to develop data and AI applications, intelligent agents and advanced analytics at scale, delivering measurable business value across the engineering and asset lifecycle.

Solutions and Operational Impact

Together, LTTS and Databricks will deliver solutions spanning Predictive Asset Reliability, Energy & Emissions Optimization, OEE and Production Intelligence, Quality Intelligence and Sustainability Analytics. The partnership combines real-time operational data, advanced AI and machine learning, and natural language-based insights to help engineers and manufacturing teams access, analyze and act on operational intelligence with greater speed and accuracy.

Executive Perspectives

Julien Debbard, Director for Energy and Utilities, Databricks, highlighted the critical gap the partnership addresses: "The bottleneck in energy and utilities has never been data; it's been context. Paired with the Databricks Platform, we can now encode that expertise and put it to work with every reliability engineer, plant operator, and sustainability team at scale and across the full asset lifecycle."

Alind Saxena, Executive Director & President – Strategic Initiatives & Growth Markets, L&T Technology Services, emphasized the outcomes-driven nature of the collaboration: "Through our Engineering Intelligence approach, this partnership with Databricks will combine industry-leading AI and data capabilities with LTTS' deep tech and engineering expertise to unlock value at scale."