What was filed
Larsen & Toubro told the exchanges it has received a certified copy of an order from the National Company Law Tribunal, Mumbai Bench, in connection with a proposed Scheme of Arrangement between L&T (the Transferor Company) and L&T Realty Properties Limited (LTRPL, the Transferee Company). The order directs L&T to convene a meeting of its shareholders — to be held electronically — to seek approval for the scheme. The filing continues an earlier communication dated March 19, 2026, and is made under Regulation 30 of SEBI's LODR rules and Sections 230 to 232 of the Companies Act, 2013.
Where the process stands
The tribunal's directions come via an order dated June 12, 2026, read with an order dated June 16, 2026. Per the filing, L&T must convene the shareholder meeting within 60 days of the orders. The company said it would finalise the meeting date and despatch the notice to shareholders as required. L&T also flagged a clerical typographical error in the June 16 order — the date of the first-motion order was recorded as '12.12.2026' instead of '12.06.2026' — and said it has filed an application for rectification, noting the error does not affect the substance of the directions.
Why it matters to a holder
This is a procedural milestone in an ongoing corporate restructuring rather than the conclusion of one. The scheme would move L&T's realty interests into L&T Realty Properties Limited, and the NCLT has now cleared the path for shareholders to vote on it. The terms, share-exchange details and financial particulars of the arrangement are not contained in this filing; shareholders will receive those in the formal meeting notice the company has yet to despatch.