Larsen & Toubro Limited has submitted its debt securities statement to BSE and NSE for the half-year ended March 31, 2026, in compliance with SEBI Master Circular No. SEBI/HO/DDHS/PoD1/P/CIR/2024/54 dated May 22, 2024. The disclosure provides comprehensive details of the company's outstanding Non-Convertible Debentures (NCDs) portfolio.

Outstanding Debt Securities Portfolio

The company maintains five active NCDs with a combined outstanding value of ₹9,800 crore as of March 31, 2026. All debt securities feature yearly coupon payment frequency with no embedded options.

Debt Structure Analysis

The largest single issuance stands at ₹4,000 crore (INE018A08BM2) with a 7.20% coupon rate and January 2035 maturity. The highest coupon rate of 8.00% applies to the ₹1,800 crore NCD issued in April 2020, reflecting the interest rate environment at that time. The most recent issuance in June 2025 carries the lowest coupon rate of 6.35% for ₹500 crore.

Maturity Profile

The debt portfolio shows a well-distributed maturity profile spanning from 2028 to 2035. Two NCDs totaling ₹2,500 crore mature in 2028, while the remaining ₹7,300 crore extends through 2030, 2034, and 2035. This structure provides the company with manageable refinancing requirements over the coming years.

Regulatory Compliance

The disclosure was filed on April 7, 2026, by Company Secretary and Compliance Officer Subramanian Narayan, ensuring adherence to SEBI regulations for debt securities reporting. The statement was simultaneously submitted to both BSE and NSE, along with depositories NSDL and CDSL, maintaining full regulatory compliance across all relevant market infrastructure institutions.

Larsen & Toubro Ltd. recorded a substantial block trade on the National Stock Exchange (NSE) worth Rs. 18.09 crores, highlighting significant institutional trading activity in the engineering and construction major's shares.

Block Trade Details

The transaction involved the exchange of approximately 48,805 shares at a fixed price of Rs. 3,707.00 per share. Block trades represent large-volume transactions that are typically executed by institutional investors, mutual funds, or other large market participants.

Market Significance

Block trades are executed outside the regular order book to prevent large orders from significantly impacting the stock's market price. These transactions are typically pre-negotiated between parties and represent substantial institutional interest in the company's shares.

The execution of such a significant block trade indicates active participation from large investors in Larsen & Toubro's stock, reflecting the company's continued appeal among institutional market participants. Such transactions often occur when institutional investors are rebalancing their portfolios or when there is strategic buying or selling interest in the stock.