Larsen & Toubro has fixed Friday, May 22, 2026, as the record date to determine the members entitled to receive the final dividend for the financial year ended March 31, 2026. The Board of Directors recommended a final dividend of ₹38 per share of face value ₹2 each at its meeting held on May 5, 2026. The company issued a formal intimation to stock exchanges on May 13, 2026, through newspaper advertisements published in Financial Express (English) and Loksatta (Marathi), signed by Company Secretary & Compliance Officer Subramanian Narayan.

Dividend Details and Payment Schedule

The proposed final dividend is subject to the approval of shareholders at the company's 81st Annual General Meeting (AGM). If approved, the dividend will be paid electronically to members tentatively on June 10, 2026. Shareholders must ensure their bank account details are updated with their Depository Participant for demat shares or with KFintech for physical shares to receive the payment.

Annual General Meeting

The 81st AGM of Larsen & Toubro is scheduled to be held on Friday, June 5, 2026, at 3:00 P.M. IST through Video Conference (VC) and Other Audio Visual Means (OAVM). The meeting will be conducted in compliance with the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Members attending the AGM through VC/OAVM shall be counted for the purposes of quorum under Section 103 of the Companies Act, 2013.

The Integrated Annual Report for FY 2025-26, including the Notice of AGM, will be sent electronically to members with registered email addresses. Physical communications containing the weblink and QR Code will be sent to members without registered email addresses. The reports will also be hosted on the company's website, as well as on the websites of BSE Limited, National Stock Exchange of India Limited, and National Securities Depository Limited (NSDL). Members will have the opportunity to cast their votes through remote e-voting, and the e-voting facility will also be available during the AGM itself.

Compliance and Tax Deduction

Pursuant to SEBI's Master Circular dated May 7, 2024, dividends to shareholders holding securities in physical form shall be paid only through electronic mode, effective April 1, 2024. Shareholders holding shares in physical form must complete their KYC requirements—furnishing PAN, contact details, bank account details, and specimen signature—to avoid withholding of the dividend. Additionally, pursuant to the amendment to Regulation 12 of the SEBI Listing Regulations effective November 19, 2025, the company will be unable to pay dividends through physical instruments to shareholders whose bank account details are not updated.

Dividend income is taxable in the hands of shareholders, and the company will deduct Tax at Source (TDS) at applicable rates. The applicable rate depends on the shareholder's residential status, PAN validity, tax treaty benefits (in case of non-resident shareholders), and submission of requisite documents. Members are requested to update their residential status, PAN, and category details with their DPs or KFintech, and upload TDS-related forms on or before the record date of Friday, May 22, 2026.

Larsen & Toubro 's realty division has laid out an ambitious long-term expansion blueprint under its Lakshya FY26-31 growth strategy, targeting the development of over 100 million sq ft over the next five years. The plan is backed by a planned investment of ₹4,400 crore and sets a target of 25% annual pre-sales growth through FY31. The announcement comes on the back of the division recording ₹9,400 crore in bookings in FY26.

Lakshya FY26-31: Key Strategic Targets

The Lakshya strategy outlines a comprehensive growth agenda for Larsen & Toubro's real estate arm, covering development scale, capital deployment, and sales performance. The following table summarises the key parameters of the plan:

Ambitious Scale and Capital Commitment

The target of over 100 million sq ft over five years signals a significant scale-up in the division's development pipeline. The ₹4,400 crore investment earmarked under the Lakshya framework is intended to support land acquisition, project development, and infrastructure required to meet this construction and delivery target. The capital commitment underscores the division's intent to expand its footprint across the real estate segment.

Pre-Sales Growth Trajectory

The division's target of 25% annual pre-sales growth through FY31 builds on the momentum established in FY26, when it recorded ₹9,400 crore in bookings. Sustaining this growth rate annually through the strategy period would represent a substantial compounding of the division's pre-sales base. The FY26 bookings figure serves as the baseline from which the targeted growth trajectory is measured under the Lakshya plan.

Strategic Outlook

The Lakshya FY26-31 strategy positions Larsen & Toubro's realty division for a period of structured and scaled growth. By combining a large development target with a defined investment commitment and a specific pre-sales growth objective, the plan provides a clear framework for the division's operations over the coming five years. The strategy reflects the division's focus on expanding its real estate development capacity in a structured and measurable manner.