Larsen & Toubro Limited — Board Meeting, 21-03-2025: Outcome of Board Meeting

Larsen & Toubro Limited has announced a board meeting outcome where the board approved long-term borrowings of up to ₹12,000 crore, including various financing mechanisms such as external commercial borrowings and term loans. Additionally, key appointments were made: Mr. Subramanian Sarma as Deputy Managing Director & President, effective April 2, 2025; Mr. S. V. Desai and Mr. T. Madhava Das were re-appointed as Whole-time Directors for five-year terms, subject to shareholder approval at the upcoming AGM. These strategic moves signal a robust focus on leadership continuity and financial expansion.