Legal24 Jun 2026, 07:00 pm
L&T Realty Scheme of Arrangement: NCLT Orders Shareholder Meeting
AI Summary
Larsen & Toubro Limited (L&T) has received a certified copy of the National Company Law Tribunal (NCLT) order dated June 12, 2026, as amended on June 16, 2026. The order directs L&T, as the Transferor Company, to convene a meeting of its shareholders within 60 days to seek approval for a Scheme of Arrangement with L&T Realty Properties Limited (LTRPL), the Transferee Company. The NCLT order also corrected a typographical error regarding a meeting of secured creditors. L&T will finalize the meeting date and issue notices to shareholders.
Key Highlights
- NCLT orders Larsen & Toubro to convene shareholder meeting.
- Meeting to seek approval for Scheme of Arrangement with L&T Realty.
- NCLT order dated June 12, 2026, amended on June 16, 2026.
- Shareholder meeting to be held within 60 days.
- Typographical error in NCLT order regarding creditors corrected.
Price Impact
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