Corporate Action4 Aug 2026, 07:42 pm
L&T Shareholders Approve Scheme of Arrangement with LTRPL
AI Summary
Larsen & Toubro Ltd (L&T) held an NCLT-convened meeting of equity shareholders on August 4, 2026, to approve a Scheme of Arrangement with L&T Realty Properties Limited (LTRPL). The meeting, conducted via Video Conferencing/Other Audio-Visual Means as per Tribunal orders, saw shareholders approve the resolution for the transfer of L&T's Realty Undertaking to LTRPL. The resolution was passed with the requisite majority through e-voting. The proceedings included a summary of events, voting results, and the scrutinizer's report, all of which have been filed and uploaded on the company's investor website.
Key Highlights
- Shareholders approved the Scheme of Arrangement with L&T Realty Properties Limited.
- The resolution concerned the transfer of L&T's Realty Undertaking.
- The meeting was convened by NCLT and held via VC/OAVM.
- The resolution passed with the required majority via e-voting.
- This is a significant step in the corporate restructuring process.
Price Impact
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