Larsen & Toubro Limited (LT) held its 80th Annual General Meeting (AGM) on Tuesday, June 17, 2025, via Video Conferencing (VC) / Other Audio-Visual Means (OAVM), starting at 3:00 p.m. and concluding at 6:50 p.m.
Shareholders approved all 16 Ordinary Resolutions with the requisite majority. Key approvals included:
- Adoption of the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2025.
- Declaration of a Final Dividend of ₹34 per share (face value ₹2 each) for FY 2024-25.
- Re-appointment of Mr. S. V. Desai and Mr. T. Madhava Das as Directors liable to retire by rotation.
- Appointment of Mr. Subramanian Sarma as the Deputy Managing Director & President.
- Re-appointment of Mr. S. V. Desai and Mr. T. Madhava Das as Whole-time Directors.
- Appointment of M/s. S. N. Ananthasubramanian & Co. as Secretarial Auditors for five years.
- Entering into various material related party transactions with entities including Larsen Toubro Arabia LLC, L&T Metro Rail (Hyderabad) Limited, L&T Technology Services Limited, L&T Modular Fabrication Yard LLC, LTIMindtree Limited, and Apollo Hospitals Enterprise Limited.
- Ratification of remuneration payable to M/s R. Nanabhoy & Co., Cost Accountants, for the Financial Year 2025-26.