L&T Technology Services seeks shareholder approval for ESOP Scheme 2016 amendments via postal ballot
L&T Technology Services Limited (LTTS) has issued a Postal Ballot Notice seeking approval from its members for amendments to the L&T Technology Services Limited Employee Stock Option Scheme 2016 (LTTS...
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Why is L&T Technology Services Limited in the news today?
L&T Technology Services Limited (LTTS) is in the news due to the announcement is a routine procedural step for amending an employee stock option scheme, which is standard corporate practice. it does not contain any immediate positive or negative financial impact.
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L&T Technology Services seeks shareholder approval for ESOP Scheme 2016 amendments via postal ballot
December 19, 2025, 02:05 PM
L&T Technology Services Limited (LTTS) has issued a Postal Ballot Notice seeking approval from its members for amendments to the L&T Technology Services Limited Employee Stock Option Scheme 2016 (LTTS ESOP Scheme – 2016). The proposed amendments aim to comply with SEBI SBEB & SE Regulations, provide ease of administration, and allow for continued granting of employee stock options.
A new Employee Stock Option Sub-Plan 2025 (Sub-Plan 2025) is also proposed to comply with US Federal Laws and California Corporate Securities Law of 1968. The Sub-Plan 2025 will be applicable to permanent employees, including those in California, with performance criteria based on grade, performance rating, role criticality, and management approval. Vesting will commence one year after the grant date, with 20% vesting annually for up to five years, and an exercise period of seven years from the grant date.
The company has outlined a calendar of events for the postal ballot process. The voting rights reckoning date is December 16, 2025. The dispatch of the postal ballot notice was completed on December 19, 2025. The e-voting period will commence on December 20, 2025, at 9:00 AM IST and conclude on January 18, 2026, at 5:00 PM IST. The Scrutinizer's report and the announcement of the voting results are expected on or before January 20, 2026.
No incremental dilution for shareholders is expected beyond the 60,00,000 employee stock options originally approved in 2016.
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