Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
L&T Technology Services Limited
Meeting Details
The 14th Annual General Meeting of the Company was held on Monday, June 1, 2026, at 3:30 p.m. (IST). The meeting was conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM) without the physical presence of members, in compliance with MCA circulars, including the latest dated September 22, 2025.
Summary of Proposed Resolutions and Implications
Seven resolutions were proposed for shareholder approval:
1. Ordinary Resolution: To receive, consider, and adopt the Audited Standalone and Consolidated Financial Statements for FY 2025-26, along with Reports of the Board and Auditors.
2. Ordinary Resolution: To declare a final dividend of ₹40 per equity share (face value ₹2 each) for FY 2025-26.
3. Ordinary Resolution: To re-appoint Dr. Keshab Panda (DIN: 05296942), a director retiring by rotation.
4. Ordinary Resolution: To re-appoint Mr. Alind Saxena (DIN: 10118258) as an Executive Director.
5. Ordinary Resolution: To appoint Mr. Rajeev Gupta (DIN: 06782710) as an Executive Director.
6. Special Resolution: To appoint Mr. Amitabh Kant (DIN: 00222708) as an Independent Director.
7. Special Resolution: To appoint Ms. Sumithra Gomatam (DIN: 07262602) as an Independent Director.
The implications include the distribution of a significant dividend, the continuation of existing leadership, and the addition of new directors to the board.
Voting Process and Methods
Voting was conducted through two methods:
- Remote e-voting: Managed by National Securities Depository Limited (NSDL) and concluded on Sunday, May 31, 2026, at 5:00 p.m. IST.
- Electronic voting at the AGM: Conducted during the meeting on June 1, 2026, for members present via VC/OAVM who had not participated in remote e-voting.
The e-voting facility for both methods was provided by NSDL.
Key Voting Outcomes
All resolutions were passed with the requisite majority. The detailed results are as follows:
Resolution 1 (Ordinary - Adoption of Financial Statements)
- Votes in Favor: 505 members cast 9,52,93,835 votes (100.00% of valid votes)
- Votes Against: 0 members cast 50 votes (0.00% of valid votes)
- Invalid Votes: Nil
Resolution 2 (Ordinary - Final Dividend of ₹40 per share)
- Votes in Favor: 508 members cast 9,52,93,852 votes (100.00% of valid votes)
- Votes Against: 23 members cast 0 votes (0.00% of valid votes)
- Invalid Votes: Nil
Resolution 3 (Ordinary - Re-appointment of Dr. Keshab Panda)
- Votes in Favor: 433 members cast 9,20,99,827 votes (96.65% of valid votes)
- Votes Against: 78 members cast 31,94,037 votes (3.35% of valid votes)
- Invalid Votes: Nil
Resolution 4 (Ordinary - Re-appointment of Mr. Alind Saxena)
- Votes in Favor: 464 members cast 9,48,81,053 votes (99.57% of valid votes)
- Votes Against: 48 members cast 4,12,811 votes (0.43% of valid votes)
- Invalid Votes: Nil
Resolution 5 (Ordinary - Appointment of Mr. Rajeev Gupta)
- Votes in Favor: 493 members cast 9,52,61,752 votes (99.97% of valid votes)
- Votes Against: 19 members cast 32,112 votes (0.03% of valid votes)
- Invalid Votes: Nil
Resolution 6 (Special - Appointment of Mr. Amitabh Kant)
- Votes in Favor: 489 members cast 9,50,67,718 votes (99.76% of valid votes)
- Votes Against: 19 members cast 2,26,097 votes (0.24% of valid votes)
- Invalid Votes: Nil
Resolution 7 (Special - Appointment of Ms. Sumithra Gomatam)
- Votes in Favor: 489 members cast 9,52,75,406 votes (99.98% of valid votes)
- Votes Against: 19 members cast 18,377 votes (0.02% of valid votes)
- Invalid Votes: Nil
Scrutinizer's Role, Findings, and Conclusions
Mr. Alwyn D'souza of M/s. Alwyn D'souza & Co., Company Secretaries, was appointed as the Scrutinizer. His role was to ensure a fair and transparent voting process and to submit a consolidated report. The votes from both remote e-voting and electronic voting at the AGM were unblocked from the NSDL e-voting website on June 1, 2026, at 4:45 p.m. IST in the presence of two independent witnesses, Mr. Edlon Dsouza and Mr. Krishnakant Adagale. The Scrutinizer concluded that all resolutions were passed with the requisite majority and that the voting process was conducted properly.
Compliance with Laws and Regulations
The Company confirmed compliance with the Companies Act, 2013, the Companies (Management and Administration) Rules, 2014, SEBI LODR Regulations, 2015, and relevant MCA and SEBI circulars. The Notice of the AGM and the Annual Report were sent electronically to members with registered email addresses. For others, a letter with a web link was sent. The meeting was held via VC/OAVM as permitted.
Names and Roles of Signatories
- Scrutinizer's Report Signed By: Mr. Alwyn D'souza, Proprietor of Alwyn D'souza & Co., Company Secretaries (FCS No.5559, CP No.5137).
- Company Disclosure Letter Signed By: Mr. Prasad Vishnu Shanbhag, Company Secretary & Compliance Officer (M. No. A30254) of L&T Technology Services Limited.
- Witnesses to Vote Unblocking: Mr. Edlon Dsouza and Mr. Krishnakant Adagale (not in the employment of the Company).
Additional Information
The Scrutinizer's Report is available on the company's website (www.LTTS.com) and the NSDL e-voting website (www.evoting.nsdl.com). All relevant records of the electronic voting will remain in the Scrutinizer's safe custody until the Chairman approves and signs the meeting minutes, after which they will be handed over for safekeeping.