FilingReader Intelligence

L&T Finance allots equity shares under ESOP scheme

April 24, 2025 at 07:14 PM UTCBy FilingReader AI

L&T Finance announced today that its Nomination and Remuneration Committee ("NRC") has approved the allotment of 2,483,348 equity shares pursuant to the exercise of options under its Employee Stock Option Scheme 2013. The decision was made at a meeting held on April 24, 2025. The allotted shares will rank pari passu with the existing equity shares of the Company and will be entitled to dividends declared hereafter. The meeting commenced at 04:30 p.m. and concluded at 06:15 p.m. This allotment reflects the company's commitment to incentivizing its employees through equity participation.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

BSE:LTFBombay Stock Exchange

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