LTM Limited has officially announced the closure of its wholly-owned subsidiary in Spain, marking the end of its direct operations in the European market through this entity. The company disclosed that LTIMindtree Spain, S.L. has been dissolved and liquidated by the Commercial Registry of Madrid with effect from March 31, 2026.

Regulatory Disclosure Details

The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. LTM Limited received official confirmation of the closure from its local consultant in Spain through email communication on April 8, 2026.

Corporate Structure Impact

The dissolution represents a strategic consolidation of LTM Limited's international operations. The Spanish subsidiary was part of the company's European presence, and its closure indicates a restructuring of the organization's global footprint. The company has fulfilled all regulatory requirements by promptly disclosing this material event to the stock exchanges.

Compliance and Documentation

The disclosure was signed by Angna Arora, Company Secretary and Compliance Officer of LTM Limited, ensuring proper corporate governance protocols were followed. The company maintains its registered office at L&T House, Ballard Estate, Mumbai, and continues its operations from its technology center in Powai, Mumbai.

LTM Limited, formerly known as LTIMindtree Limited, continues to maintain its listing status and has provided this information for the records of both NSE and BSE where its shares are traded.

LTM Limited has announced that its board of directors will convene on April 23, 2026, to consider the company's fourth quarter and annual financial results. This scheduled board meeting marks an important date for investors and stakeholders who are awaiting the company's quarterly performance update.

Board Meeting Details

Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has formally communicated that the board will consider, approve and take on record the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, along with the Audit Report(s) of the Statutory Auditor.

Additional Board Considerations

During the April 23, 2026 meeting, the Board of Directors will also consider the proposal to recommend a final dividend on the equity shares for the financial year ended March 31, 2026, if any. The company has indicated that an Earnings Conference Call will be held on the same date, with details to be submitted in due course pursuant to Regulation 30 of LODR.

Trading Window Closure

In compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's Internal Code for Prohibition of Insider Trading, the trading window for dealing in securities has been closed from April 1, 2026, and will remain closed until April 25, 2026 (both days inclusive).

Corporate Governance Timeline

The April 23, 2026 board meeting represents a crucial step in LTM Limited's financial reporting process. As per Regulation 46 of LODR, the notice of the board meeting has been made available on the company's website. Investors and market participants will be closely monitoring this development as they await insights into the company's fourth quarter operational and financial performance for the year ended March 31, 2026.