L&T Finance Limited has made a regulatory disclosure to the National Stock Exchange of India Limited and BSE Limited regarding a request for shareholder reclassification.
The company received a letter dated June 26, 2026, at 7:36 p.m. on the same day from Nabha Power Limited (NPL), which currently holds nil shares in L&T Finance Limited. The letter requests the reclassification of NPL's status from the 'Promoter Group' category to the 'Public' category of the company.
This reclassification request follows the cessation of NPL as a subsidiary of L&T Power Development Limited (L&T PDL), which is a wholly owned subsidiary of Larsen & Toubro Limited (the parent company). The ownership change occurred due to the transfer of 100% equity and convertible instruments held by L&T PDL in NPL to Torrent Power Limited.
The letter from NPL confirms that the entity fulfills and will continue to fulfill all conditions set out under Regulation 31A of the SEBI Listing Regulations for such reclassification.
L&T Finance Limited will place this reclassification request before its Board of Directors at the ensuing meeting for consideration. The disclosure is made pursuant to Regulation 31A of the SEBI Listing Regulations and other applicable regulations/circulars.
The communication was digitally signed by Apurva Neeraj Rathod, Company Secretary and Compliance Officer of L&T Finance Limited, on June 27, 2026, at 12:41:21 IST.
#L&TFinance #SEBIDisclosure #RegulatoryCompliance #ShareholderReclassification #Neutral