L&T Finance Ltd

Key Update

• Allotted 52 subordinated unsecured NCDs on private placement for Rs 52 crore.
• Face value Rs 1 crore each; aggregate Rs 52 crore; for Tier II capital.
• Allotment date Sep 29, 2026; dematerialised form for cash.
• Debentures proposed to be listed on NSE's NTRP.
• Coupon rate 8.20% p.a.; first coupon on July 1, 2027; annually thereafter.
• Maturity July 1, 2036; redemption Rs 1 crore per NCD.
• Default interest 2% p.a. over coupon for late payments.

L&T Finance Limited closes trading window from October 01, 2026 till 48 hours after the unaudited financial results for the quarter ending September 30, 2026 are approved by the Board and filed with stock exchanges

Meeting Details

• Sept 25, 2026 — Citi India Financials Investor Forum (Group); virtual.

Participants

• Key company participants from management not disclosed.

Purpose

• Schedule institutional investor/analyst meetings.

Additional Notes

• Presentations will be available on company and stock-exchange websites.

ESG rating details

• ESG rating of 79.15 (Leader) awarded by Niche Ninety Nine to L&T Finance Ltd.
• Rating is from a SEBI-registered ESG Rating Provider, Category II, Niche Ninety Nine.
• Rating sighted on Niche Ninety Nine and stock exchanges on Sept 17, 2026, 6:51 p.m.
• Niche Ninety Nine is SEBI-registered ESG provider, categorized as Category II, OPC Private Limited.
• Issuer: L&T Finance Limited.

Key Update

• 65,000 senior, secured NCDs allotted on private placement; aggregate value Rs 650 crore.
• Allotment date: September 18, 2026; face value Rs 1,00,000 per NCD.
• Coupon rate 7.8384% p.a.; next coupon due September 28, 2027.
• Maturity/redemption date: September 28, 2029; redemption price Rs 1,00,000 per NCD.
• Listing on NSE NTRP under New Debt Market; listing expected.
• Security: first-ranking charge over fixed deposits and receivables up to 1x principal plus interest.
• Default interest: 2% p.a. over coupon for payment default.
• Original tenor 1179 days; residual tenor 1106 days.

Meeting Details

• Sept 21, 2026 — JP Morgan Conference (group/1-on-1), Mumbai, in person.
• Sept 28, 2026 — Nuvama CEO Round Table (group/1-on-1), Mumbai, in person.

Participants

• Key company participants: not disclosed.

Purpose

• Purpose: investor meetings with institutional investors/analysts.

Additional Notes

• Presentations will be made available on the company's and stock exchange websites.

Resolutions proposed

• Item 1 (Ordinary): Appoint Sachinn Joshi as WTD for 2 years; outcome pending.
• Item 2 (Ordinary): Appoint Raju Dodti as WTD for 3 years; outcome pending.
• Item 3 (Special): Appoint Prashant Kumar as Independent Director for 5 years; outcome pending.
• Item 4 (Special): Amend MOA to include PPI business; outcome pending.

Remuneration terms

• Sachinn Joshi WTD remuneration: fixed Rs 3,63,25,572; PLI Rs 1,49,25,556.
• Raju Dodti WTD remuneration: fixed Rs 3,55,41,758; PLI Rs 1,66,89,274.
• Prashant Kumar: Independent Director remuneration—sitting fees and commission as approved by Board.
• WTD terms: Sachinn Joshi 2-year; Raju Dodti 3-year; Independent Director 5-year.

Director profiles

• Sachinn Joshi: WTD; CFO since 2015; 34 years finance experience.
• Raju Dodti: WTD; COO since 2024; 20+ years BFSI leadership.
• Prashant Kumar: Independent Director; 5-year term; ex-SBI/Yes Bank leadership; independent.
• No conflicts or disqualifications noted.

Timeline and approvals

• Cut-off date: 31 August 2026.
• E-voting window: 7 September to 6 October 2026.
• Results to be announced by 8:30 PM IST on Oct 7, 2026.

Meeting Details

• Sept 9, 2026: Site visit with investors (Group); Mumbai; in person.
• Sept 10–11, 2026: UBS Conference (Group / one-on-one); Mumbai; in person.

Participants

• Key company participant: Company Secretary & Compliance Officer.

Purpose

• Schedule of institutional investor/analyst meetings; presentations to be shared on website.

Material/Presentations

• Presentations to be made available on the company's website.

NCD Allotment Details

• Private placement of 50,000 NCDs allotted to identified investors.
• Face value Rs 1,00,000 per NCD; base size Rs 500 crore.
• Oversubscription option up to 50,000 NCDs; green shoe up to Rs 500 crore.
• Aggregate issue size up to Rs 1,000 crore.
• Maturity date: 28 September 2029; coupon rate 7.8384% p.a.
• First coupon payable 28 September 2026; coupon payments through 2029.
• Redemption at Rs 1,00,000 per NCD on maturity.
• Security: exclusive first-ranking charge over fixed deposits and receivables.
• Listing: debentures proposed to be listed; negotiated trade.
• Date of allotment: 02 September 2026.