L&T Technology Services concluded its 14th Annual General Meeting (AGM) on June 1, 2026, approving a final dividend of ₹40 per equity share for the financial year 2025-26. The meeting, held via video conferencing, also saw the adoption of the audited standalone and consolidated financial statements for the year ended March 31, 2026. Chairman Mr. S. N. Subrahmanyam highlighted that the company is undergoing a strategic shift towards becoming India’s first deep-tech Engineering Intelligence company, driven by the convergence of Engineering, Data, and AI.

The Chairman reported strong operational performance, noting that quarterly revenues have crossed USD 300 million with healthy margins and continued large-deal momentum. This growth is supported by a global client base that includes 69 Fortune 500 companies. The leadership is anchored in AI-first platforms such as PLxAI and AiNexus, supported by a portfolio of over 1,700 patents, including more than 230 in AI and GenAI alone.

Resolutions Passed

The shareholders approved seven resolutions during the meeting. These included the re-appointment of Mr. Alind Saxena and Mr. Rajeev Gupta as Executive Directors, and the appointment of Mr. Amitabh Kant and Ms. Sumithra Gomatam as Independent Directors. Dr. Keshab Panda was appointed as a Director retiring by rotation.

Meeting Proceedings

Mr. Prasad Shanbhag, Company Secretary & Compliance Officer, briefed the members on the conduct of the AGM. He informed that remote e-voting was provided from May 29 to May 31, 2026, and members could also cast votes during the AGM and up to 15 minutes after its conclusion. Mr. Alwyn D'Souza of M/s. Alwyn D'Souza & Co. was appointed to supervise the e-voting process. The voting results are expected to be declared within two working days and will be intimated to the Stock Exchanges.

L&T Technology Services has inaugurated its first Engineering Intelligence Center of Excellence (EI CoE) in Europe, located in Munich, Germany. The new center marks a strategic milestone in the company's approach to leveraging deep-tech and embedding AI across the engineering lifecycle. By combining domain expertise with technologies such as GenAI, Agentic AI, and edge intelligence, the facility aims to help enterprises transition from AI experimentation to scalable industrial transformation.

The Munich EI CoE will serve as a collaborative innovation hub for clients in mobility, industrial products, sustainability, and technology sectors. It will focus on accelerating applied AI solutions, intelligent manufacturing, and connected engineering ecosystems. The company stated that it is leading the charter in AI patent filings, with over 237 patents filed in AI & GenAI alone in FY26.

Strategic Expansion in Europe

LTTS has steadily expanded its presence in Europe, where it now serves over 60 clients. The company supports the region with a team of more than 4,500 engineers. The launch of the EI CoE is intended to enable faster outcome-driven innovation for its clients while strengthening local collaboration with partners and academia.

Leadership Commentary

Amit Chadha, Chief Executive Officer & Managing Director of L&T Technology Services, highlighted the significance of the new center. He stated that the facility brings deep-tech and EI-based solutions closer to clients' R&D hubs across the region. Chadha added that the center will act as a focal point for innovation, R&D, and new product development, redefining engineering and optimization in the AI era.

Company Overview

L&T Technology Services is a listed subsidiary of Larsen & Toubro, offering design, development, testing, and sustenance services. As of March 31, 2026, the company employs over 23,800 people across 22 global design centers, 31 global sales offices, and 98 innovation labs. Its client base includes 69 Fortune 500 companies and 57 top ER&D companies.

The following table summarizes key metrics related to the company's scale and the new center's strategic context: