Larsen & Toubro Limited has completed the allotment of 30,657 equity shares to employees under its Employee Stock Option Schemes (ESOP). The company's Nomination & Remuneration Committee (NRC) approved the share allotment for grantees who had exercised their stock options under the company's employee benefit programs.

Share Allotment Details

The allotment encompasses exactly 30,657 equity shares distributed to eligible employees who exercised their options under Larsen & Toubro's Employee Stock Option Schemes. These newly issued shares will rank pari-passu with the existing equity shares of the company, ensuring equal rights and privileges across all shareholdings.

Committee Meeting Proceedings

The Nomination & Remuneration Committee convened on January 28, 2026, to deliberate and approve the share allotment. The meeting commenced at 9:00 a.m. and concluded at 9:30 a.m., spanning a duration of 30 minutes. The committee's approval enables the immediate implementation of the share allotment process.

Regulatory Compliance

Larsen & Toubro has communicated this development to both major stock exchanges where its shares are listed. The company notified BSE Limited (Stock Code: 500510) and National Stock Exchange of India Limited (Stock Code: LT) about the share allotment in compliance with regulatory requirements under Regulation 30.

The share allotment represents the company's ongoing commitment to its employee benefit programs and demonstrates the active participation of employees in the organization's equity participation schemes. The newly allotted shares strengthen the alignment between employee interests and company performance through direct equity ownership.

Larsen & Toubro Limited has announced securing a major contract for its Heavy Civil Infrastructure business vertical from the Royal Commission of Riyadh City in Saudi Arabia. The contract pertains to the extension of the Riyadh Metro, marking another significant international project win for the Indian engineering conglomerate.

Project Details and Consortium

The order is part of an ultra-mega project awarded to a consortium comprising Webuild S.p.A, L&T, Nesma & Partners Contracting, Alstom and IDOM. The project specifically involves the extension of the Red Line of Riyadh Metro Network.

Contract Classification

According to L&T's project classification system, this contract falls under the "Major" category. The company's classification framework provides clear value ranges for different project sizes:

Company's Transit Infrastructure Expertise

L&T emphasized its proven capability in constructing fast and reliable mass transit systems across the globe. The company stated that this latest order stands as a testament to the trust customers place in the organization's engineering and construction capabilities.

About Larsen & Toubro

Larsen & Toubro is a USD 30 billion Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing, and Services, operating across multiple geographies. The company has maintained leadership in its major lines of business for over eight decades through a strong, customer-focused approach and constant quest for top-class quality.