L&T Sets June 5 for 81st AGM; Final Dividend ₹38

Larsen & Toubro has issued the notice for its 81st Annual General Meeting (AGM), scheduled to be held on Friday, June 5, 2026, at 3:00 P.M. IST via Video Conferencing (VC) or Other Audio Visual Means (OAVM). The company has dispatched the Integrated Annual Report for the Financial Year 2025-26 to members and published the notice in newspapers on May 15, 2026.

Dividend Declaration

The Board of Directors recommended a final dividend of ₹38 per equity share of face value ₹2 each for the year ended March 31, 2026. This dividend is subject to the approval of shareholders at the AGM. The company has fixed Friday, May 22, 2026, as the record date to determine eligibility for the dividend. If approved, the payment will be made electronically on or before Wednesday, June 10, 2026, to shareholders with updated bank details.

Dividend Detail	Information
Amount	₹38 per share
Face Value	₹2 per share
Record Date	May 22, 2026
Payment Date	June 10, 2026 (Tentative)

Shareholders holding shares in physical form must complete KYC requirements, including furnishing PAN, contact details, and bank account information, to ensure dividend payment. Pursuant to SEBI regulations effective November 19, 2025, dividends cannot be paid through physical instruments if bank details are not updated.

E-Voting Schedule

Remote e-voting facilities are available for members who cannot attend the meeting. The remote e-voting period commences on Monday, June 1, 2026, at 9:00 A.M. and closes on Thursday, June 4, 2026, at 5:00 P.M. The cut-off date to determine eligibility for voting is Friday, May 29, 2026. Members who have cast their votes remotely may attend the AGM but cannot vote again.

E-Voting Event	Date & Time
Cut-off Date	May 29, 2026
Commencement	June 1, 2026, 09:00 A.M.
Closure	June 4, 2026, 05:00 P.M.

The company has appointed Mr. S. N. Ananthasubramanian as the Scrutinizer to ensure the voting process is conducted fairly. The Integrated Annual Report and AGM notice are available on the company's website.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.28%	-2.33%	-3.60%	-0.76%	+9.01%	+157.11%

Larsen & Toubro has entered a strategic collaboration with France-based Exail to deliver an advanced Unmanned Mine Counter-Measure (MCM) Suite for the Indian Navy's Mine Counter Measure Vessels (MCMVs) programme. The announcement was made on May 14, 2026, through a press release issued by the company's Corporate Brand Management & Communications division.

Partnership Structure and Scope

Under the collaboration, L&T will serve as the prime contractor, offering the Unmanned MCM Suite to all shipyards participating in the Indian Navy's upcoming programme for 12 Mine Counter Measure Vessels. Exail will serve as the technology partner, contributing its globally proven MCM technologies that are already in operation with several navies worldwide and validated through extensive real-world deployments.

The key details of the collaboration are outlined below:

Parameter:	Details
Programme:	Indian Navy's Mine Counter Measure Vessels (MCMVs)
Number of Vessels:	12 Mine Counter Measure Vessels
L&T Role:	Prime Contractor
Exail Role:	Technology Partner
Exail Headquarters:	France
Announcement Date:	May 14, 2026

Capabilities of the Unmanned MCM Suite

The Unmanned MCM Suite will incorporate autonomous and remotely operated systems designed to perform a comprehensive range of mine warfare functions. The suite is engineered to:

Detect naval mines in a safe, stand-off manner
Classify and identify detected threats
Neutralise naval mines without endangering personnel or vessels

This capability set represents a significant advancement in India's mine countermeasure infrastructure, enhancing overall maritime security.

Strategic and Policy Alignment

The partnership is aligned with the Government of India's Aatmanirbhar Bharat and Make in India initiatives. The programme will incorporate strong local industrial collaboration and capability development, contributing to the building of a robust and self-reliant naval defence manufacturing ecosystem in India. The collaboration also reinforces Indo-French defence cooperation.

Leadership Commentary

Senior executives from both organisations commented on the strategic significance of the partnership.

Arun Ramchandani, Senior VP & Head – Precision Engineering & Systems, L&T, said: "This partnership brings together L&T, with its extensive defence products legacy and maritime capabilities, and Exail, a global leader in unmanned maritime systems and mine warfare technologies. Exail contributes decades of proven operational expertise, while L&T leverages its strengths in defence engineering, indigenous manufacturing, complex system integration and lifecycle support."

Jérôme Bendell, CEO – Maritime Systems Business Line, Exail, said: "We are proud to partner with L&T on this strategic programme for the Indian Navy. Beyond delivering a proven unmanned mine countermeasures capability, this collaboration also reflects a shared ambition to support the long-term development of sovereign unmanned maritime systems in India. By combining Exail's operational expertise with L&T's strong industrial and integration capabilities, we see significant potential to contribute to the local development and production of next-generation naval drones and autonomous mission systems."

About the Companies

Larsen & Toubro is a USD 32 billion Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing, Products and Services, operating across diverse domains and multiple geographies. Exail is a leading high-tech industrial company specialising in cutting-edge robotics, maritime, navigation, aerospace and photonics technologies, delivering performance, reliability and safety to civil and defence clients operating in severe environments.