Nabha Power seeks re-classification to Public category in L&T Technology Services
Nabha Power Limited requested re-classification from 'Promoter Group' to 'Public' category in L&T Technology Services Ltd following the transfer of 100% equity from L&T Power Development Limited to Torrent Power Limited. The company confirmed compliance with SEBI Listing Regulations. The Board will consider the request in its next meeting.

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Nabha Power Limited has requested a change in its shareholding status within L&T Technology Services Ltd , moving from the 'Promoter Group' to the 'Public' category. This re-classification follows the cessation of Nabha Power as a subsidiary of L&T Power Development Limited, a wholly owned subsidiary of Larsen & Toubro Limited, after the transfer of its entire equity and convertible instruments to Torrent Power Limited.
The request was communicated via a letter dated June 26, 2026, received by the company. Nabha Power confirmed that it fulfills and will continue to meet the conditions specified under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Shareholding Details
The disclosure provided the current shareholding status of Nabha Power Limited prior to the proposed re-classification:
| Sr No | Name of the Company | Present Category | No. of shares held | Percentage |
|---|---|---|---|---|
| 1 | NABHA POWER LIMITED | Promoter Group | Nil | Nil |
The Board of Directors of the company will consider this request at its ensuing meeting. The re-classification is a consequence of the corporate restructuring involving the transfer of ownership from L&T Power Development Limited to Torrent Power Limited.
Historical Stock Returns for L&T Technology Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.32% | -5.94% | -8.52% | -30.58% | -28.67% | +8.54% |
How will the reduction in promoter group holding impact L&T Technology Services' governance structure and strategic decision-making?
Could this re-classification lead to increased volatility in L&T Technology Services' stock price due to the perception of reduced promoter control?
Will Torrent Power, as the new owner of Nabha Power, maintain its current shareholding position in L&T Technology Services or look to divest?































