L&T Technology Services has announced securing a strategic engineering and research & development agreement from a global automotive original equipment manufacturer (OEM). This partnership marks a significant milestone for the technology services company in expanding its automotive sector presence.

Strategic Partnership Details

The agreement positions LTTS as a key technology partner for the global automotive OEM, focusing on engineering and R&D services. This collaboration is expected to leverage LTTS's expertise in automotive technology solutions and engineering capabilities.

Market Implications

This strategic agreement reinforces LTTS's growing presence in the automotive technology sector. The partnership with a global automotive OEM demonstrates the company's capability to secure high-value contracts from leading industry players.

The automotive sector continues to be a key growth area for technology services companies, with increasing demand for advanced engineering solutions and R&D capabilities. This agreement positions LTTS to capitalize on the evolving automotive technology landscape.

Company Positioning

The secured agreement highlights LTTS's competitive positioning in the automotive engineering services market. By partnering with global automotive manufacturers, the company continues to strengthen its portfolio of strategic client relationships and expand its service offerings in the automotive technology domain.

L&T Technology Services Limited has announced the cessation of Mr. Sudip Banerjee as Independent Director following the completion of his second five-year term. The company made this disclosure on January 21, 2026, in compliance with regulatory requirements under the SEBI Listing Regulations.

Director Tenure Completion

Mr. Sudip Banerjee (DIN: 05245757) ceased to be an Independent Director of the company from the close of business hours on January 20, 2026. His departure marks the end of his second consecutive term of five years as an Independent Director, which represents the maximum tenure permitted under current regulations.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company filed the necessary documentation with both the National Stock Exchange of India Limited and BSE Limited, providing comprehensive details about the directorship change.

The announcement included Annexure A, which contained specific information as required under SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. This circular mandates detailed disclosure requirements for changes in board composition.

Company Acknowledgment

L&T Technology Services has placed on record its deep appreciation for the valuable contributions and guidance provided by Mr. Sudip Banerjee during his tenure as an Independent Director. The company acknowledged his role in providing strategic oversight and governance during his time on the board.

The disclosure was signed by Prasad Shanbhag, Company Secretary & Compliance Officer, and submitted to the stock exchanges for investor information and records. This transition represents a routine governance matter as the company continues to maintain compliance with regulatory requirements for board composition and independent director tenure limits.