Meeting Details

  • Meeting Type: 81st Annual General Meeting
  • Meeting Date: Friday, June 5, 2026
  • Meeting Time: 3:00 PM to 6:26 PM IST
  • Meeting Mode: Video Conferencing (VC) / Other Audio-Visual Means (OAVM)
  • Deemed Venue: L&T House, Ballard Estate, Mumbai 400 001
  • Record Date: May 29, 2026

Proposed Resolutions and Implications

The AGM considered and approved nine resolutions:

Ordinary Business

1. Adoption of audited standalone financial statements for year ended March 31, 2026 and Reports of Board of Directors and Auditors

2. Adoption of audited consolidated financial statements for year ended March 31, 2026 and report of Auditors

3. Declaration of Final Dividend of ₹38 per share of face value of ₹2 each for FY 2025-26

4. Re-appointment of Mr. Anil Vithal Parab (DIN: 06913351) as Director liable to retire by rotation

5. Re-appointment of Mr. R. Shankar Raman (DIN: 00019798) as Director liable to retire by rotation

Special Business

6. Re-appointment of Mr. R. Shankar Raman (DIN: 00019798) as President and Whole-time Director - Finance effective October 1, 2026

7. Re-appointment of Mr. Pramit Jhaveri (DIN: 00186137) as Independent Director for 5 years effective April 1, 2027 (Special Resolution)

8. Appointment of Mr. Vijay Sankar (DIN: 00007875) as Independent Director for 5 years effective May 27, 2026 (Special Resolution)

9. Ratification of remuneration payable to M/s R. Nanabhoy & Co., Cost Accountants (Regn. No. 000010) for FY 2026-27

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting: Available from June 1, 2026 (9:00 AM IST) to June 4, 2026 (5:00 PM IST) through NSDL platform
  • E-voting during AGM: Available during the meeting and kept open for 15 minutes after conclusion until 6:26 PM IST

Key Voting Outcomes

Overall Participation

  • Total shareholders on record date: 19,31,893
  • Shareholders attending via VC: 280 (all public category)
  • Total votes cast: 100.69-102.11 crore shares across different resolutions (73.16-74.23% of outstanding shares)

Resolution-wise Results

Resolution 1 (Standalone Financial Statements)

  • Total votes polled: 100,69,64,676 shares (73.1950% of outstanding)
  • In favor: 100,69,13,812 shares (99.9949%)
  • Against: 50,864 shares (0.0051%)

Resolution 2 (Consolidated Financial Statements)

  • Total votes polled: 100,69,64,884 shares (73.1950% of outstanding)
  • In favor: 100,69,13,078 shares (99.9949%)
  • Against: 51,806 shares (0.0051%)

Resolution 3 (Final Dividend ₹38 per share)

  • Total votes polled: 102,11,43,098 shares (74.2256% of outstanding)
  • In favor: 102,11,37,554 shares (99.9995%)
  • Against: 5,544 shares (0.0005%)

Resolution 4 (Re-appointment of Mr. Anil V. Parab)

  • Total votes polled: 102,09,90,124 shares (74.2145% of outstanding)
  • In favor: 101,44,35,243 shares (99.3580%)
  • Against: 65,54,881 shares (0.6420%)

Resolution 5 (Re-appointment of Mr. R. Shankar Raman as Director)

  • Total votes polled: 102,09,90,231 shares (74.2145% of outstanding)
  • In favor: 100,80,94,162 shares (98.7369%)
  • Against: 1,28,96,069 shares (1.2631%)

Resolution 6 (Re-appointment of Mr. R. Shankar Raman as Whole-time Director)

  • Total votes polled: 100,65,06,785 shares (73.1617% of outstanding)
  • In favor: 87,93,74,549 shares (87.3690%)
  • Against: 12,71,32,236 shares (12.6310%)

Resolution 7 (Re-appointment of Mr. Pramit Jhaveri - Special Resolution)

  • Total votes polled: 102,09,81,730 shares (74.2139% of outstanding)
  • In favor: 94,74,39,097 shares (92.7969%)
  • Against: 7,35,42,633 shares (7.2031%)

Resolution 8 (Appointment of Mr. Vijay Sankar - Special Resolution)

  • Total votes polled: 100,62,32,289 shares (73.1417% of outstanding)
  • In favor: 93,79,82,868 shares (93.2173%)
  • Against: 6,82,49,421 shares (6.7827%)

Resolution 9 (Ratification of Cost Auditors' Remuneration)

  • Total votes polled: 102,09,89,055 shares (74.2144% of outstanding)
  • In favor: 102,07,87,839 shares (99.9803%)
  • Against: 2,01,216 shares (0.0197%)

Category-wise Voting Breakdown

Public Institutions Holdings: 84,77,91,639 shares

Public Non-Institutions Holdings: 52,79,37,539 shares

Total Outstanding Shares: 1,37,57,29,178 shares

Scrutinizer's Role and Findings

  • Scrutinizer: S.N. Ananthasubramanian, Practising Company Secretary (FCS 4206, COP No. 1774)
  • Role: Supervised remote e-voting and e-voting during AGM to ensure fair and transparent process
  • Findings: All votes cast were valid; all resolutions passed with requisite majority
  • Notice Dispatch: AGM notice dispatched via email to 18,36,749 members and physical letters to 96,284 members
  • Advertisement: Published in Financial Express (English) and Loksatta (Marathi) on May 13 and May 15, 2026

Compliance Confirmation

The meeting was conducted in compliance with:

  • Companies Act, 2013 and Rules thereunder
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA General Circulars for conducting meetings through VC/OAVM
  • SEBI circulars

Additional Information

  • Mr. R. Shankar Raman chaired the meeting initially
  • Mr. S.N. Subrahmanyan (CMD) and Mr. Anil V Parab joined later due to Prime Minister's visit to Hazira Campus
  • Mr. Subramanian Sarma, Deputy Managing Director, presided over certain agenda items
  • Directors responded to member queries during the meeting
  • Voting results uploaded to company website: https://investors.larsentoubro.com/listing-compliance.aspx