L&T Finance Board Approves FY26 Results, Recommends ₹2.75 Dividend, and Authorizes Funding
L&T Finance reported audited results for FY26, recommending a ₹2.75 dividend. The company will enter the pre-paid instrument business and authorized fundraising of ₹1,23,500 crore via NCDs and ₹6,012 crore via preference shares. Mr. Sachinn Joshi and Mr. Raju Dodti were appointed Whole-time Directors.
The approval of substantial fundraising, entry into a new business vertical (pre-paid instruments), and the recommendation of a dividend are material events that will significantly impact the company's financial position and strategic direction.
The company reported positive financial results, recommended a dividend, and approved significant fundraising and new business initiatives, indicating growth and strategic expansion.
L&T Finance Limited (LTF) announced the outcome of its Board Meeting held on April 24, 2026. The Board approved the audited financial results, both consolidated and standalone, for the quarter and financial year ended March 31, 2026. Accompanying documents include the auditor's report with an unmodified opinion and disclosures as per listing regulations.
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). The dividend is expected to be credited within 30 days of the AGM.
In a strategic move, LTF received approval to enter the business of pre-paid instruments (wallets and cards) and act as a Third-Party Application Provider, pending regulatory approvals. Furthermore, the Board approved raising funds through non-convertible debentures (NCDs) up to ₹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, Mr. Sachinn Joshi and Mr. Raju Dodti were appointed as Whole-time Directors for periods of two and three years, respectively, subject to necessary approvals. The Board meeting commenced at 4:00 p.m. and concluded at 6:39 p.m.
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L&T Finance Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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