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 fresh 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 under the company's established scheme.

Latest Allotment Details

The ESOP Allotment Committee approved the most recent share allotment through a resolution passed by circulation. The latest allotment details are presented below:

Share Characteristics and Rights

The newly allotted equity shares will carry the following features:

Previous ESOP Activity

This represents the company's continued commitment to employee stock ownership. In a previous allotment, the company had issued 8,32,365 equity shares under the same L&T Finance Employee Stock Option Scheme-2013, demonstrating the ongoing utilization of this employee incentive program.

Corporate Governance and Compliance

The allotment has been carried out in compliance with regulatory requirements, specifically under Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has duly informed both the National Stock Exchange of India Limited and BSE Limited about this corporate action.

Strategic Significance

This equity share allotment reflects L&T Finance's strategy to align employee interests with shareholder value creation. By providing employees with ownership stakes through the ESOP program, the company aims to enhance employee retention and motivation while fostering long-term commitment to organizational growth objectives.