Larsen & Toubro has officially completed the amalgamation of SiliConch Systems Private Limited (SSPL) with L&T Semiconductor Technologies Limited (LTSCT), effective March 24, 2026. The engineering and construction conglomerate announced this corporate restructuring through a regulatory filing under Regulation 30.

Regulatory Approval and Timeline

The amalgamation received approval from the Regional Director, Western Region, Ministry of Corporate Affairs through an order dated March 13, 2026. The scheme carries an appointed date of August 10, 2025, with the effective date being March 24, 2026, when the certified copy was filed with the Registrar of Companies.

Corporate Structure Changes

SiliConch Systems Private Limited was previously a wholly-owned subsidiary of L&T Semiconductor Technologies Limited and a step-down subsidiary of Larsen & Toubro. Following the amalgamation, SSPL has ceased to be a step-down subsidiary of the company with effect from March 24, 2026.

Strategic Consolidation

The merger represents Larsen & Toubro's continued efforts to streamline its semiconductor operations by consolidating capabilities and resources under a single business unit. This restructuring creates a more integrated approach to the company's semiconductor business activities and is expected to enhance operational efficiency within the technology division.

The amalgamation demonstrates the company's commitment to optimizing its business structure and focusing on key growth areas within the semiconductor sector. All operations, assets, and capabilities of SiliConch Systems have been integrated into the L&T Semiconductor Technologies framework.

Larsen & Toubro Limited has announced the allotment of 20,661 equity shares under its Employee Stock Option Schemes (ESOP). The allotment was approved by the company's Nomination & Remuneration Committee (NRC) on March 24, 2026, benefiting employees who had exercised their stock options.

Share Allotment Details

The NRC approved the allotment of exactly 20,661 equity shares to eligible employees who exercised their options under the company's Employee Stock Option Schemes. These shares represent the conversion of employee stock options into actual equity holdings in the company.

Meeting Details

The NRC meeting that approved this allotment was conducted on March 24, 2026. The meeting commenced at 10:30 a.m. and concluded at 11:00 a.m., indicating an efficient decision-making process for the share allotment approval.

Share Rights and Status

The newly allotted equity shares will rank pari-passu with the existing equity shares of Larsen & Toubro Limited. This means that the new shares will carry the same rights, privileges, and obligations as the company's existing equity shares, ensuring equal treatment for all shareholders.

Corporate Communication

The announcement was formally communicated to both major stock exchanges where the company's shares are listed. The communication was sent to BSE Limited (Stock Code: 500510) and National Stock Exchange of India Limited (Stock Code: LT), ensuring compliance with regulatory disclosure requirements.

The share allotment reflects the company's ongoing commitment to its employee incentive programs through the Employee Stock Option Schemes, allowing eligible employees to participate in the company's equity growth.