Larsen & Toubro Limited confirms the completion of a major internal restructuring: the amalgamation of its step-down subsidiary, SiliConch Systems Private Limited (SSPL), with its wholly-owned subsidiary, L&T Semiconductor Technologies Limited (LTSCT). The amalgamation was officially effective on March 24, 2026, following the approval order dated March 13, 2026. Consequently, SiliConch Systems Private Limited has formally ceased to be a subsidiary of L&T.
Confirmation of Subsidiary Amalgamation
Larsen & Toubro Limited has formally announced the successful amalgamation of one of its subsidiary entities. The restructuring involves SiliConch Systems Private Limited (“SSPL”), which was a wholly-owned subsidiary of L&T Semiconductor Technologies Limited (“LTSCT”), being merged into L&T Semiconductor Technologies Limited (“LTSCT”). LTSCT is itself a wholly-owned subsidiary of the Company.
Effective Dates and Regulatory Approval
This amalgamation was carried out pursuant to a Scheme of Amalgamation approved by the Regional Director, Western Region, Ministry of Corporate Affairs. The official order sanctioning the scheme was dated March 13, 2026. Importantly, the Appointed Date for the scheme, which sets the accounting retrospective date, was established as August 10, 2025.
The certified copy of the approval order was filed with the Registrar of Companies on March 24, 2026. This filing date marks the effective date of the amalgamation as stipulated in the Scheme.
Impact on Subsidiary Status
As a direct result of this corporate action, SiliConch Systems Private Limited has ceased to be a step-down subsidiary of Larsen & Toubro Limited, effective from the closing hours of March 24, 2026. The company requests that all relevant parties take official note of this change in the corporate structure.
Source: BSE
