Outcome of Board Meeting

Larsen & Toubro Limited Secretarial Department L&T House, Ballard Estate Narottam Morarjee Marg Mumbai - 400 001, INDIA Tel: +91 22 6752 5656 Fax: +91 22 6752 5858 www.Larsentoubro.com Email: igrc@larsentoubro.com CIN:L99999MH1946PLC004768 SEC/2026 July 28, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor Phiroze Jejeebhoy Towers, Plot No.C/1, G Block,Bandra-Kurla Complex, Dalal Street,MUMBAI - 400 001 Bandra (E), Mumbai - 400 051 STOCK CODE: 500510 STOCK CODE: LT Dear Sir/Madam, Sub.: Outcome of Board Meeting of Larsen & Toubro Limited (“the Company”) held on July 28, 2026 Further to our letter dated July 14, 2026 and in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations), we wish to inform you that the Board of Directors of the Company at its meeting held today i.e. July 28, 2026, has, inter alia, approved the following: 1. Consolidated and Standalone Un-audited Financial Results of the Company The Board of Directors of the Company approved Consolidated and Standalone Unaudited Financial Results of the Company, for the Quarter ended 30th June 2026. We enclose a copy of the Consolidated and Standalone unaudited Financial Results of the Company, for the quarter ended June 30, 2026, along with the Press Release relating thereto. We also enclose the “Limited Review Report for the Quarter ended June 30, 2026” issued by the Statutory Auditors, M S K A & Associates LLP, Chartered Accountants, as Annexure I. 2. Merger of L&T Power Development Limited, a wholly owned subsidiary of the Company, with the Company. Based on the recommendations of the Audit Committee, the Board of Directors (“Board”) of the Company, has approved a Scheme of Amalgamation (the “Scheme”) amongst the Company and L&T Power Development Limited, a wholly owned subsidiary of the Company, (the “Transferor Company”) (the Company and Transferor Company are collectively referred to as the “Companies”) and their respective shareholders pursuant to Sections 230 to 232 and other applicable provisions of the Companies Act, 2013, the rules and regulations made Larsen & Toubro Limited Secretarial Department L&T House, Ballard Estate Narottam Morarjee Marg Mumbai - 400 001, INDIA Tel: +91 22 6752 5656 Fax: +91 22 6752 5858 www.Larsentoubro.com Email: igrc@larsentoubro.com CIN:L99999MH1946PLC004768 thereunder, each as amended (the “Act”) for amalgamation of the Transferor Company with and into the Company by way of merger (as described under the Scheme) followed by dissolution without winding up of the Transferor Company and various other matters consequential, incidental, supplemental and/or otherwise integrally connected therewith (“Amalgamation”). Upon the proposed scheme becoming effective, all shares held by the Company in the share capital of the transferor company as on the Effective Date of the Scheme shall be cancelled. The Scheme is subject to the necessary approvals including sanction by the Mumbai bench of the Hon’ble National Company Law Tribunal (“NCLT”). The Scheme as approved by the Board would be available on the website of the Company after the same has been submitted to the BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”). The detailed disclosure with regard to point 2 above, as required to be furnished pursuant to the SEBI Listing Regulations read with SEBI Master Circular HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026 is enclosed as Annexure II. Further, please note that the Statement of Utilisation of Proceeds and the Statement of Deviation/Variation in the Use of Issue Proceeds for the quarter ended June 30, 2026, pursuant to Regulations 52(7) and 52(7A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, are not applicable, as the Company did not raise any funds during the quarter ended June 30, 2026. Additionally, the provisions of Regulations 54(2) and 54(3) of the SEBI Listing Regulations relating to disclosure of security cover are not applicable to the Company, as the Company has not issued any secured non-convertible debentures and, accordingly, no such debentures were outstanding as on June 30, 2026. The Board Meeting commenced at 2:00 p.m. and concluded at 4:45 p.m. Thanking you, Yours sincerely, For LARSEN & TOUBRO LIMITED SUBRAMANIAN NARAYAN COMPANY SECRETARY & COMPLIANCE OFFICER (M.NO. A16354) Encl. as above Annexure I Financial Results for the quarter ended June 30, 2026 Sustaining momentum amid volatility Revenues at ₹ 67,942 crore, up 7% PAT at ₹ 4,123 crore, up 14% Group Order Inflows at ₹ 108,014 crore, up 14% Mumbai, July 28, 2026 Revenue & PAT Larsen & Toubro Group achieved consolidated revenues of ₹ 67,942 crore for the quarter ended June 30, 2026, registering a y-o-y growth of 7% driven by progress across several businesses. International revenues stood at ₹ 34,393 crore, contributing 51% of the Company’s total revenues. The Company, for the quarter ended June 30, 2026, posted a Consolidated Profit After Tax (PAT) of ₹ 4,123 crore, registering an y-o-y growth of 14%. Order Inflow & Order Book The Company secured orders worth ₹ 108,014 crore, registering a y-o-y growth of 14% for the quarter ended June 30, 2026. During the quarter, significant order wins were achieved across multiple businesses such as Residential & Commercial buildings, Transportation Infrastructure, Ferrous Metals, Offshore Wind and the Heavy Engineering businesses. International orders stood at ₹ 60,702 crore, contributing 56% to the total order inflow. The Group’s consolidated order book as on June 30, 2026, was at ₹ 778,954 crore, reflecting a 5% growth over Mar’26. International orders constituted 52% of the overall order book. Commenting on the results, S N Subrahmanyan, Chairman and Managing Director, said: “The financial year has commenced against the backdrop of geopolitical uncertainties. The Company has managed to maintain momentum by rotating its focus across sectors and geographies while maintaining robust cash flows. The performance for the quarter reflects our portfolio resilience. During the quarter, we successfully concluded the sale of Nabha Power Limited, consistent with our stated strategy of exiting the concessions portfolio. Further, we have signed the share purchase agreement with Hyderabad Metro Rail Limited (“HMRL”), a Government of Telangana Enterprise, to divest 100% of our stake in Hyderabad Metro SPV. With a well-diversified portfolio spanning sectors and geographies, we remain confident of maintaining growth while capitalising on emerging opportunities. Our continued focus on disciplined execution with innovation positions us well to deliver sustainable long-term value for stakeholders.” Segment-wise Performance Highlights Effective from April 01, 2026, pursuant to the Company’s Lakshya 2031 strategic plan, the Group has realigned its portfolio to enhance strategic focus, capital allocation efficiency and operational agility. As a result, the reporting segments are now classified as: a) The erstwhile Infrastructure Projects has been renamed as Infrastructure & Utilities. b) Erstwhile Energy Projects has been renamed as Energy – Conventional. c) The Renewables business and Offshore Wind energy business have been carved out from the erstwhile Infrastructure Projects and erstwhile Energy Projects respectively and are now part of newly formed Energy – Green segment. d) Erstwhile Hi-Tech Manufacturing has been renamed as Manufacturing and Products and now includes the Construction Equipment & Industrial Product Design & Development business which was earlier part of ‘Others’ segment. e) Erstwhile IT & Technology Services has been renamed as Technology, Platforms & Services. f) The Realty business has been classified as a separate reportable segment which was earlier forming part of ‘Others’ segment. Accordingly, the Group has presented its segment results based on the revised [Showing first 8,000 characters — download PDF for full document]