Larsen & Toubro has officially approved the allotment of 61,007 equity shares following the exercise of options by eligible grantees under its Employee Stock Option Schemes. The resolution was passed by the Nomination & Remuneration Committee on May 15, 2026. These newly issued shares will hold the same status and rights as the existing equity shares of the company, reflecting the firm’s continued commitment to its employee incentive programs.
Expansion of Equity Base
Larsen & Toubro (L&T) has completed the process of allotting 61,007 equity shares to employees who exercised their vested options. This move is part of the company’s ongoing Employee Stock Option Schemes, which serve to align the interests of the workforce with the long-term growth and success of the organization.
Details of the Allotment
The decision to issue these shares was finalized by the Nomination & Remuneration Committee (NRC) through a circular resolution on May 15, 2026. All 61,007 shares are issued as fully paid-up equity and will rank pari-passu with the company’s existing equity shares. This ensures that the new shareholders maintain equal rights regarding dividends, voting, and other corporate benefits associated with the company’s equity capital.
Source: BSE
