Larsen & Toubro Limited (L&T), one of India’s leading multinational conglomerates, has announced the allotment of 44,184 equity shares under its Employee Stock Option Scheme (ESOP) to eligible grantees who had exercised their options. This decision was approved by the company’s Nomination & Remuneration Committee (NRC) through a circular resolution passed on September 13, 2025.

The allotted shares will rank pari-passu with the existing equity shares of the company in all respects, ensuring that the new shareholders enjoy the same rights, dividends, and benefits as the existing equity holders. This move reinforces L&T’s commitment to recognizing and rewarding the contributions of its employees through the ESOP program.

Employee Stock Option Schemes are an important part of corporate governance, allowing employees to participate in the ownership of the company and align their interests with shareholder value creation. By allotting these shares, L&T continues to foster a culture of employee ownership and long-term engagement, which is critical for sustaining growth in a competitive industrial sector.

The company has communicated this allotment to the BSE Limited and National Stock Exchange of India Limited in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The compliance ensures full transparency for investors, shareholders, and regulatory authorities.

This allotment of shares also demonstrates L&T’s ongoing commitment to retaining talent, incentivizing performance, and promoting corporate governance standards across all its operations. The process, carried out under the oversight of the NRC, ensures adherence to all legal and regulatory provisions while maintaining equity fairness among shareholders.

The ESOP allotment highlights L&T’s strategy to leverage employee incentives as part of its broader corporate growth and sustainability objectives, reinforcing the company’s reputation as a responsible and forward-looking organization in India’s corporate sector.

For investors, employees, and stakeholders, this allotment represents a key update in L&T’s governance, ensuring that those who contribute to the company’s success are rewarded with an equity stake aligned with long-term value creation.

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