LTM Limited has announced the outcome of its Board meeting held on April 23, 2026, where directors approved audited financial results for FY26 and made key appointments. The company reported strong revenue growth and margin expansion alongside significant governance developments.

Financial Results Approval

The Board of Directors approved audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory auditor M/s. Deloitte Haskins & Sells, Chartered Accountants LLP, issued audit reports with unmodified opinion on the financial results.

*Excluding exceptional items

Key Board Appointments

Upon recommendation of the Nomination & Remuneration Committee and subject to shareholder approval, the Board appointed Mr. Vipul Chandra as Additional Director designated as Whole-time Director and Chief Financial Officer. The appointment is effective from April 23, 2026, for a period of four years up to April 22, 2030.

Mr. Vipul Chandra brings over three decades of experience in financial markets, risk management, and strategic treasury management. He previously led Treasury and Corporate Finance at Larsen & Toubro Group and served as Managing Director at Citibank's Corporate Sales & Structuring division.

Independent Director Re-appointment

The Board also approved the re-appointment of Mr. James Abraham (DIN: 02559000) as Independent Director for a second term of five years from July 18, 2026, to July 17, 2031, subject to shareholder approval. Mr. Abraham has over 35 years of management experience in consulting and technology companies across Americas and South East Asia.

Dividend Declaration

The Board recommended a final dividend of ₹53 per equity share of par value ₹1 each for FY26, subject to approval at the Annual General Meeting. The dividend will be paid within 10 days from the conclusion of the AGM, with the record date to be intimated in due course.

Meeting Details

The Board meeting commenced at 2:00 p.m. and concluded at 4:30 p.m. on April 23, 2026. The company confirmed that both appointed directors are not debarred from holding office by virtue of any order passed by SEBI or any other authority.

LTI Mindtree has announced a final dividend proposal that will be presented to shareholders for approval at the upcoming Annual General Meeting. The IT services company is seeking approval for a substantial dividend distribution to reward its equity shareholders.

Dividend Proposal Details

The company has proposed a final dividend of ₹53 per equity share, which will require formal approval from shareholders at the AGM. This dividend proposal demonstrates the company's focus on returning value to its investor base through direct cash distributions.

Shareholder Value Distribution

The proposed dividend reflects LTIMindtree's commitment to sharing its financial performance with equity shareholders. Final dividends typically represent a significant portion of a company's annual profit distribution and are subject to shareholder approval at the AGM.

Next Steps

Shareholders will have the opportunity to vote on this dividend proposal during the Annual General Meeting. Upon approval, the company will proceed with the dividend distribution process to eligible equity shareholders as per the record date that will be announced subsequently.