L&T Finance Board Approves FY26 Audited Results, Recommends ₹2.75 Dividend, Expands into Prepaid Instruments
L&T Finance approved FY26 audited results and recommended a final dividend of ₹2.75 per share. The company will enter the pre-paid instrument business and approved raising up to ₹1,23,500 crore via NCDs and ₹6,012 crore via preference shares. Appointments of two Whole-time Directors were also approved.
The approval of audited financial results, recommendation of a dividend, expansion into a new business vertical (pre-paid instruments), and significant fundraising plans are material events that can impact the company's financial performance and market position.
The company reported audited financial results, recommended a dividend, approved strategic expansion into pre-paid instruments, and planned significant fundraising, all of which are positive developments.
L&T Finance Limited (LTF) announced the outcome of its Board Meeting held on April 24, 2026. The Board approved the audited financial results (consolidated and standalone) for the quarter and financial year ended March 31, 2026.
The Board recommended a final dividend of ₹2.75 per equity share for the financial year 2025-26, subject to shareholder approval at the upcoming Annual General Meeting (AGM). This dividend, if approved, will be credited within 30 days of the AGM.
In a strategic move, LTF also approved entering the business of pre-paid instruments, including wallets and cards, and acting as a Third-Party Application Provider, pending requisite regulatory approvals. Furthermore, the company's Board approved raising funds through the issuance of non-convertible debentures (NCDs) up to an aggregate amount of ₹1,23,500 crores and the issuance of cumulative compulsorily redeemable non-convertible preference shares up to ₹6,012 crores during FY2026-27, subject to member approval at the AGM.
Additionally, the Board approved the appointment of Mr. Sachinn Joshi and Mr. Raju Dodti as Whole-time Directors for periods of two and three years, respectively, subject to regulatory and shareholder approvals.
The Board Meeting commenced at 4:00 p.m. and concluded at 6:39 p.m. on April 24, 2026.
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