LTM Limited
Nature of Disclosure: Regulatory compliance disclosure under SEBI Listing Regulations regarding a shareholder reclassification request.
Key Details:
- The Company received a letter dated June 26, 2026 from Nabha Power Limited (NPL) requesting re-classification from the 'Promoter Group' category to the 'Public' category.
- Current shareholding status of NPL: Nil shares held (0% holding).
- The 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 ownership change occurred through the transfer of 100% equity and convertible instruments held by L&T PDL in NPL to Torrent Power Limited.
- NPL confirms in its letter that it fulfills and will continue to fulfill all conditions specified under Regulation 31A of the SEBI Listing Regulations.
Next Steps:
- The reclassification request will be placed before the Board of Directors of LTM Limited at its ensuing meeting for consideration.
Regulatory Reference: Disclosure made pursuant to Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Financial Impact: No immediate financial impact disclosed. The disclosure relates to shareholder category classification change.
Capital Structure Impact: No change to share capital or voting rights as NPL currently holds nil shares.