L&T Finance Limited has announced the exercise of call option on its subordinated perpetual tier-I debt instruments, marking a significant corporate action for the financial services company. The announcement was made through a regulatory filing dated February 24, 2026, addressed to both NSE and BSE.

Debenture Details and Background

The non-convertible debentures (NCDs) in question were originally issued by L&T Infrastructure Finance Company Limited through an Offer Document dated March 30, 2016. L&T Infrastructure Finance Company Limited was subsequently merged with L&T Finance Limited as part of a corporate restructuring exercise in 2021.

The debentures were issued on a private placement basis and are listed on the Wholesale Debt Market segment of BSE Limited. These instruments were structured as subordinated, perpetual, tier-I debt with put/call options exercisable after a minimum period of 10 years, subject to Reserve Bank of India approval.

Call Option Exercise and Timeline

L&T Finance Limited has decided to exercise the call option following regulatory approval from the Reserve Bank of India dated February 12, 2026. The company has established a clear timeline for the redemption process.

Payment Structure

The company will pay both the principal outstanding amount and the annual coupon on the redemption date. The coupon payment will be calculated at the rate of 9.50% per annum as specified in the original terms of the issue.

Regulatory Compliance

The announcement has been made in compliance with multiple regulatory frameworks:

• Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021
• SEBI master circular dated January 30, 2026

The company has sent formal notices to debenture holders as per the beneficiary position dated February 20, 2026, treating the communication as official notice for the call option exercise. L&T Finance Limited has clarified that it will not be responsible for any claims related to securities sold or transferred after the specified record date of March 13, 2026.

L&T Finance Limited has announced a senior management transition involving its Chief Human Resources Officer. The company informed stock exchanges about the internal group transfer of a key leadership position within the L&T ecosystem.

Senior Management Transition Details

The company has disclosed the departure of Nilesh Dange from his role as Chief Human Resources Officer. This change represents an internal group transfer rather than an external departure, maintaining talent within the broader L&T organizational structure.

Regulatory Compliance and Disclosure

The announcement was made pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Company Secretary and Compliance Officer Apurva Rathod signed the disclosure document on February 23, 2026.

The notification was submitted to both the National Stock Exchange of India Limited and BSE Limited, ensuring compliance with listing requirements. The disclosure follows the format prescribed under Para A of Part A of Schedule III of the Listing Regulations and adheres to the SEBI master circular dated January 30, 2026.

Strategic Internal Movement

Dange's transition represents a strategic internal movement within the L&T group, where he will assume responsibility as Head – Human Resources for one of Larsen & Toubro Limited's business divisions. This type of internal transfer allows organizations to leverage experienced talent across different group entities while maintaining institutional knowledge and leadership continuity.