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.

L&T Technology Services Limited has officially submitted the postal ballot voting results for its Employee Stock Option Scheme 2016 amendment to the National Stock Exchange and BSE Limited under Regulation 44 of SEBI regulations. The company announced the voting results on January 19, 2026, following the completion of the remote e-voting process that concluded on January 18, 2026.

Regulatory Submission and Compliance

The company submitted comprehensive voting results to both stock exchanges, with NSE symbol LTTS and BSE scrip code 540115. Company Secretary and Compliance Officer Prasad Shanbhag digitally signed the submission documents, ensuring full regulatory compliance under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Overwhelming Shareholder Support

The postal ballot witnessed decisive support for the ESOP amendment proposal, with shareholders demonstrating strong confidence in the company's employee benefit strategies.

Category-wise Voting Analysis

The voting pattern revealed unanimous support from promoters and strong backing from public non-institutional investors, while public institutions showed mixed response.

ESOP Sub-Plan 2025 Creation

The approved amendment creates the Employee Stock Option Sub-Plan 2025, specifically designed to comply with US Federal Laws and California Corporate Securities Law of 1968. Under this new framework, the Board of Directors is authorized to grant up to 2,50,000 employee stock options through the Sub-Plan 2025, forming part of the original 60,00,000 options approved at the January 21, 2016 Extraordinary General Meeting.

Scrutinizer Certification and Process

Alwyn D'Souza of Alwyn D'Souza & Co., Company Secretaries, served as the appointed scrutinizer for the postal ballot process. The scrutinizer's report confirmed full compliance with Companies Act 2013 provisions, SEBI regulations, and MCA circulars. The e-voting facility was provided by National Securities Depository Limited, with votes unblocked on January 18, 2026, at 5:00 PM IST in the presence of two independent witnesses.

The voting results and scrutinizer's report have been made available on the company's website at www.ltts.com and NSDL's e-voting platform at evoting.nsdl.com, ensuring complete transparency in the process.