Promoter Reclassification14 Jul 2026, 07:00 pm
L&T Technology Services Board Approves Re-classification of Nabha Power
AI Summary
L&T Technology Services Ltd announced that its Board of Directors, in a meeting held on July 14, 2026, approved the re-classification of Nabha Power Limited (NPL) from the 'Promoter Group' category to the 'Public' category. This decision is subject to approvals from stock exchanges and other regulatory authorities. The Board also approved the Unaudited (Consolidated and Standalone) Financial Results for the quarter ended June 30, 2026, and took note of the completion of the second term of Mr. Narayanan Kumar as an Independent Director. Additionally, the Board approved the re-appointment of Mr. Luis Miranda as an Independent Director for a second five-year term, pending shareholder approval.
Key Highlights
- Nabha Power Limited re-classified from Promoter Group to Public.
- Unaudited financial results for Q1 FY27 approved.
- Independent Director Mr. Narayanan Kumar completes second term.
- Mr. Luis Miranda re-appointed as Independent Director for five years.
- Re-classification is subject to regulatory and stock exchange approvals.
Price Impact
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