L&T Finance Allots 7.98 Lakh Shares Under ESOP Scheme

L&T Finance Ltd has issued 7,98,240 equity shares after employees exercised stock options under its existing incentive programme, the company disclosed in an exchange filing dated  March 4, 2026.

The allotment was approved by the ESOP Allotment Committee through a resolution passed by circulation earlier on Wednesday. The company said the approval was recorded at 1:18 PM IST.

These shares were issued under the L&TFL Employee Stock Option Scheme- 2013, following the exercise of vested options by eligible employees. Once allotted, the shares become part of the company’s regular equity capital.

The filing also clarifies that the newly issued shares will rank pari passu with existing equity shares. In simple terms, they carry identical rights, voting rights, dividend eligibility, and other shareholder entitlements just like the current outstanding shares.

Share Price Movement

Share price of L&T Finance Ltd (NSE: LTF) traded slightly lower in early Thursday deals.

As of 9:42 AM IST on 5 March 2026, the stock was at ₹270.95, down ₹0.10 or 0.037% from the previous close of ₹271.05, according to market data.

The stock opened at ₹272.00 and briefly touched an intraday high of ₹274.45 before easing toward ₹270.95 in early trading. The day’s low so far stood at ₹270.50.

At the current price level, L&T Finance’s market capitalisation is around ₹69,050 crore.

Early price movements suggest relatively muted trading activity, with the stock hovering close to the previous session’s closing level.

ESOP conversions like this typically add a small number of shares to the company’s equity base. In most cases the dilution impact remains limited, particularly when the allotment size is modest relative to total outstanding shares.

ESOP conversions like this typically add a small number of shares to the company’s equity base. In most cases the dilution impact remains limited, particularly when the allotment size is modest relative to total outstanding shares.

About The Company

L&T Finance Ltd, earlier known as L&T Finance Holdings Ltd, is the financial services arm of the Larsen & Toubro Group.

The company operates as a non-banking financial company (NBFC) and focuses largely on retail lending segments, including rural finance, farm equipment loans, housing finance, and small business lending.

Employee stock option plans have long been part of the group’s compensation structure. These programmes allow employees to acquire company shares at a pre-determined price after completing a vesting period, linking employee incentives with the company’s long-term performance.

Conclusion

The latest allotment stems from employees exercising previously granted options under the 2013 ESOP scheme, rather than from any capital-raising initiative.

Source:

• https://www.nseindia.com/get-quote/equity/LTF/L&T-Finance-Limited
• https://nsearchives.nseindia.com/corporate/naguiyer_04032026133815_NSEBSEINTIMATION.pdf