L&T Finance has received an Environment Social Governance (ESG) score of 75 from NSE Sustainability Ratings Analytics Ltd, a SEBI-registered Category I ESG rating provider and subsidiary of NSE Indices Limited. This marks a significant milestone in the company's sustainability journey.

ESG Rating Details

The company disclosed the ESG rating information in compliance with regulatory requirements. Key details of the rating are presented below:

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. L&T Finance has informed both the National Stock Exchange of India Limited and BSE Limited about this development through official communication channels.

The ESG score has been simultaneously published on NSE Sustainability's website, ensuring transparency and accessibility for stakeholders. This rating reflects the company's performance across environmental, social, and governance parameters as evaluated by the SEBI-registered rating provider.

Company Information

L&T Finance, formerly known as L&T Finance Holdings Limited, operates in the financial services sector. The company maintains its registered office in Mumbai, Maharashtra.

L&T Finance Limited has announced a development in its employee stock option program. The company's ESOP Allotment Committee has approved the issuance of new equity shares to employees who have exercised their stock options.

Key Details of the Allotment

Impact on Existing Shareholders

The newly allotted shares will have the following characteristics:

• Rank pari-passu with existing equity shares
• Entitled to future dividend declarations

This allotment represents a step towards aligning employee interests with those of the company and its shareholders. By providing employees with an ownership stake, L&T Finance aims to foster long-term commitment and motivation among its workforce.

Corporate Action Context

This equity share allotment is part of L&T Finance's ongoing employee stock option program. Such programs are corporate actions designed to attract, retain, and motivate employees by offering them a stake in the company's future growth and success.

The company, formerly known as L&T Finance Holdings Limited, continues to demonstrate its commitment to employee engagement through this ESOP allotment. As the financial services sector evolves, retaining talent through such incentives can be important for maintaining competitive advantage and driving long-term value creation.

Investors and market participants may want to note this development as it increases the total number of outstanding shares, which could have an impact on per-share metrics. However, the overall effect on share dilution is typically minimal in such routine ESOP-related allotments.