Interim report
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October 15, 2026 National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block, Bandra - Kurla Complex, Bandra (East), Mumbai - 400 051. BSE Limited Corporate Relations Department, 1st Floor, New Trading Ring, P. J. Towers, Dalal Street, Mumbai - 400 001. Symbol: LTF Security Code No.: 533519 Kind Attn: Head – Listing Department / Dept of Corporate Communications Sub: Outcome of the Board Meeting Dear Sir / Madam, Pursuant to Regulations 23, 30, 33, 51, 52 and 54 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regul ations, 2015 (“SEBI Listing Regulations”) and other applicable regulations / circulars, if any, we hereby inform the exchanges that the Board of Directors (“Board”) of the Company at its Meeting held on October 15, 2026 has, inter-alia approved the unaudited financial results (consolidated and standalone) of the Company for the quarter and half year ended September 30, 2026. The following documents are enclosed: Unaudited financial results (consolidated and standalone) for the quarter and half year ended September 30, 2026 along with Limited Review Report of Statutory Auditors in accordance with Regulations 33 and 52 of the SEBI Listing Regulations; Certificate issued by the Statutory Auditors in accordance with Regulation 54 of the SEBI Listing Regulations; The statement indicating no deviation or vari ation in utilization of issue proceeds of non- convertible securities of the Company, duly reviewed by the Audit Committee of the Company in accordance with Regulation 52 (7 and 7A) of the SEBI Listing Regulations; and The disclosure of related party transactions for the half year ended September 30, 2026, in accordance with Regulation 23(9) of the SEBI Listing Regulations. Further, in accordance with Regul ations 47(1) and 52(8) of the SEBI Listing Regulations, the Company would be publishing the unaudited consolidated financial results for the quarter and half year ended September 30, 2026 in the newspapers. The Board Meeting commenced at 02:50 p.m. and concluded at 7:05 p.m. We request you to take the aforesaid on records. Thanking you, Yours faithfully, For L&T Finance Limited Apurva Rathod Company Secretary and Compliance Officer Encl: As above
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Brahmayya & Co., Chartered Accountants T R Chadha & Co LLP Chartered Accountants 607, 6th Floor K.P. Aurum , Maro! Marashi Rd, Maro!, Andheri East, E 2001-02, 20th Floor, Lotus Corporate Park Off Western Express Highway Ram Mandir Station Road Goregaon East, Mumbai - 400063 Tel.: 022-49669000 Mumbai - 400059 Tel.: 080-2227 4551 Independent Auditor's Review Report on Unaudited Consolidated Quarterly Financial Results of L& T Finance Limited for the quarter and six months ended September 30, 2026, pursuant to Regulation 33 and Regulation 52(4) read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended). To The Board of Directors L&T Finance Limited INTRODUCTION 1. We have reviewed the accompanying statement of unaudited consolidated financial results of L&T Finance Limited ("the Parent" or "the Company") and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group") for the quarter and six months ended September 30, 2026 ("the Statement"), being submitted by the Parent pursuantto the requirements of Regulation 33 and Regulation 52(4) read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"). 2. This Statement, which is the responsibility of the Parent's Management and approved by the Board of Directors of the Parent, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard ("Ind AS") 34 "Interim Financial Reporting" specified in section 133 of the Companies Act, 2013, as amended read with relevant rules issued thereunder and the circulars, guidelines and directions issued by ReseNe Bank of India ("RBI") from time to time applicable to NBFC ("RBI guidelines") and other accounting principles generally accepted in India and in compliance with the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. SCOPE OF REVIEW 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements ("SRE") 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free from material misstatement. A review of interim financial information is limited primarily to making inquiries of the Company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the Listing Regulations, to the extent applicable . Limited Review I L& T Finance Limited Page 1 of 3
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Brahmayya & Co., Chartered Accountants 4. The Statement includes the results of the following entities: Serial No. Name of the Entity 1 L&T Finance Limited 2 L&T Financial Consultants Limited 3 L& T Infra Investment Partners Trustee Private Limited 4 L& T Infra Investment Partners Advisory Private Limited 5 L& T Infra Investment Partners CONCLUSION T R Chadha & Co LLP Chartered Accountants Relationship Parent Subsidiary Subsidiary Subsidiary Subsidiary 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 6 and 7 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the applicable Ind AS and other recognized accounting practices and policies, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement or that it has not been prepared in accordance with the relevant prudential norms issued by Reserve Bank of India in respect of income recognition, asset classification, provisioning and other related matters. OTHER MATTERS 6. The accompanying Statement includes the unaudited financial results, in respect of: Three subsidiaries, which have not been reviewed by us, whose unaudited financial results reflect total revenues of Rs. 23.70 Crores, total net profit after tax of Rs. 13.82 Crores, and total comprehensive income of Rs. 13.85 Crores for the quarter and six months ended September 30, 2026, as considered in the Statement which have been reviewed by other auditors. The review reports on the unaudited financial results of these entities have been furnished to us by the management and our conclusion on the Consolidated Quarterly Financial Results, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on the reports of such auditors and the procedures performed by us as stated in Paragraph 3 above. 7. The accompanying Statement includes the unaudited financial results, in respect of: One subsidiary, L&T Infra Investment Partners, whose financial results has been not reviewed by their auditors and reflects total revenues of Rs. 27.67 Crores, total net profit after tax of Rs. 24.68 Crores and total comprehensive income of Rs. 24.68 Crores for the quarter and six months ended September 30, 2026 , as considered in the Statement. Limited Review I L& T Finance Limited Page 2 of 3
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Brahmayya & Co., Chartered Accountants T R Chadha & Co LLP Chartered Accountants This financial information has been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of this subsidiary is based solely on such unreviewed financial information. According to the information and explanation given to us by the management, these financial results are not material to the Group. Our conclusion on the Statement is not modified in respect of the above matters. For Brahmayya & Co., Chartered Accountants Firm Registration No. 000515S P.S. Kumar Partner Membership No. 015590 UDIN:.!) G0l5S'f0~.01-\-tl\'.' N B5 6 0 Place: Mumbai Date: October 15, 2026 Limited Review I L& T Finance Limited For TR Chadha & Co LLP Chartered Accountants Firm Registration No. 006711N/N500028 Vikas Kumar Partner Membership No. 075363 UDIN: 1.b01-5~63P'v\1EAl< 2>'11i Place: Mumbai Date: October 15, 2026 Page 3 of3
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L&T Finance Limited Cl:',. L67120MH200 8PLC181833 Regd. Office : Brinda van, Plot ~o. 177, C.S.T . Road, Kalina, Santacruz (East), Mumbai - -400 098, Maharashtra, India Website : www.ltfinance.com Email: igrc~llfs.com Phone: +91 22 6212 S000 Fax: +91 22 6212 S553 (f in Crorc ) STATE .HES'T OF CO;'iSO LIDATED l'INA:-ICIAL Rt:St; LTS FOR THE Q UARTER A:-1D SIX)IOXTIIS E:\'DED SEPTEMBER JO, 21>26 Quarter ended Six months ended \'ear ended September 30, June 30, Sep tern ber 30, September 30, September 30, .Warch JI , Sr. P:1rliru l11rs 2026 2026 2025 2026 2025 2026 :\'o. (l:naudited) (Unaudited) (l:naudited) (Unaudited) (Unaudited) (Audited) (Refer note 11) (Refer note 11) (I) Revenue fr om operations ,~, Interest mcome 5.157 83 4.894 91 4.037 41 10.052 74 7.951 91 lo.61601 (bl D1v1dend income - - 017 \el Fees and comm1ss1on income 326 33 318 01 28917 644 34 548 24 1,233 27 (d) Net gam on fair value changes 9 07 95 17 6422 Total revenue from operations 5,484.16 5,212.92 4,335.75 10,697.08 8,595.32 17.91J.67 (II) Other income 007 3039 004 3046 007 3 36 (Ill) TolOI income (1+11) 5,484.23 5,243.31 4,335.79 10,727.54 8,595.39 17,917.03 (IV) Expenses (a) Finance costs 1.97047 1.97007 1.634 29 3,940 54 3.270 03 <>.noos (b) Net loss on fair value changes 74 10 53 89 127 99 (cl Net loss on derecogn1l1on of financial 1nstrwnents under amortised cost category 124 62 133 61 139 06 258 23 228 80 S6l 77 (dl lmpamnent on financial mstruments 628 69 582 64 505 55 1,211 33 1.047 85 2, 184 10 (C) Employee benefits expense 737 21 697 67 593 21 1.434 88 1. 145 40 '.?A5500 (I) Depreciation. amortisauon and impairment 71 74 62 68 5095 134 42 91 64 :?()()69 (g) Other expenses 558 56 506 47 423 87 1,065 03 879 59 1,75971 Total expenses 4,165.39 4,007.03 3,346.93 8,172.42 6,663.31 13.890.35 (V) rrofi1 before exceptional items and tax (Ill-IV) 1,318.84 1,236.28 988.86 2,555.12 1,932.08 4.026.68 (YI) Exccpuorml items (Refer Note 6) - [28 51) (VII) Profit before tax (V+VI) 1,318.84 1,236.28 988.86 2,555.12 1,932.08 J,998.17 (VIII) Ta~ expense: (:)~ Current tax 471 95 402 06 205 03 87401 461 06 1,07065 (bl Deferred tax (125 87 ) (81 77) 48 95 (207 6'1) 35 30 (5535) Torol tax expenses (a+b) 346.08 320.29 253.98 666.37 496.36 1,015.30 (IX) l'rofil after tax (Vll:Vlll) 972 76 915 99 734 88 1.888 75 1.435 72 2,98287 (X) Add Share in profit of associate company and jomt ventures - - - (XI) l'ror.1 after tax and share in profot of associate company (IX+ X) 972 76 915 99 734 88 1,888 75 1.435 72 - 287 Profit for the period/year attributable to: Ownc.rs of the company 975.10 902.47 734.84 1,877.57 1,435.94 l,981 .18 Non-toa trollmy interest (2 34) 13 52 004 11 18 (022) I 119 (XII) Other comprehensive income (A+B) 75.51 (0-95) 11.43 74.56 (18.61) 10.39 IA. Items that will not be reclassified to pro lit or loss t:t) Remeasurements of the defined benefi t plans (0 07) (2 09) 0 52 (2 16) (15 70) (12 62) (b) Income tax relatmg to items that will not be reclassified to profit or loss 001 0 53 (0 14) 054 3 94 3 18 Subtotal (A) (0.06) (1.56) 0.38 (1.62) (11.76) (9.-14) B. hems that will be reclassified to prolit or loss (a) Change m fair value of debt instruments measured at fair value through other (24 11) 16 53 (34 43) (7 SS) 0 45 (3 66) comprehensive income (bl The effective portion of gains/ (loss) on hedging mstrurnents in a cash flow hedge 133 20 (21 27) 60 78 111 93 (9 75) 11 ~s IC) (ncome tax relating to items that will be reclassified to profit or loss (33 52) 5 35 (15 30) (28 171 245 (1199) Subtotal (B) 75.57 0.61 11.05 76.18 (6.8") 19.83 Other comprehensive income for the period/year attributable to: Owners of the company 75.51 (o.95) 11.43 74.56 (18.61) 10.39 ~on--tontrollmg interest - - . - (XIII) T0tol comprehensive income (XI~Xll) 1.048 27 915 04 746 31 1,963 31 1.417 11 2.993.26 Toull comprehensive income for the period/year attributable to: Own ~rs of the company 1,050.61 901.52 746.27 1,952.13 1,417.33 2,991.57 ~on,('00 1rt'))l1n~ interest (2 34) 13 52 004 11 18 (022) I 69 (XIV) J>o,d-up equity share capital (face value on IO each) (Refer Note 8) 2.Sl)U9 (XV) Other equity :!5.479 I~ (XVI) 1-:::irnings per share (*not annualised) : (a) Basic(~) •3 89 •3 60 •2 94 •149 *5 75 1 I 92 (bl Diluted(~) •3 88 •3 59 •2 93 •7 48 •5 73 11 8S
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L& T Finance Limited er:,;. L67120MH2008PLCl81833 Regd. Orfice : Brindavan, Plot ~o. 177, C.S.T. Road, Kalina, Santacruz (East), ~um bai - ~00 098, Maharashtra, India Website: www.ltfinance .com Email: igrc1w1trs.com Phone: +91226212 5000 Fax: +91226212 5553 Notes: Consolidated statement of assets and liabilities (~ in CrorcJ As at Asat Sr. Particulars Septem her 30, :vi arch 31, 2026 No. 2026 (t:naudited) (Audited) ASSETS: (I) Financial assets (a) Cash and cash equivalents 5.076 94 4.488 94 (b) Bank balance other than (a) above 3.825 31 3.470 10 (c) Derivative financial instruments 1.045 46 875 85 (d) Receivables (1) Trade receivables 236 70 102 47 (1i) Other receivables 414 4 97 (e) Loans 1.32.173 76 1, 17,821 03 (I) Investments 8,661 77 10,563 81 (g) Other financial assets 2.237 74 772 08 (2) Non-financial assets (a) Current tax assets (net) 270 34 394 93 (bl Deferred tax assets (net) 2.002 51 1,822 31 (c) Property, plant and equipment 497 78 461 87 (d) Intangible assets under development 6000 61 87 (e) Goodwill 195 79 195 79 (I) Other intangible assets 250 71 253 29 (g) Right of use asset 541 55 396 68 (h) Other non-financial assets 715 76 51932 TOTAL-ASSETS 1.57.796.26 1.42.205.31 Asat Asat Sr. Particulars Septem her 30, March 31, 2026 No. 2026 (Unaudited) (Audited) LIABILITIES (I) Financial liabilities (a) Payables (I) Trade payables (i) Total outstanding dues ofm1cro enterprises and small enterprises 0 77 0 22 (ii) Total outstanding dues of creditors other than micro enterprises and small enterprises 2.078 09 1,769 79 (II) Other payables (i) Total outstanding dues of micro enterprises and small enterpnses (ii) Total outstanding dues of creditors other than micro enterpnses and small enterpnses (b) Debt securities 35.986 50 32,039 53 (c) Borrowings (other than debt secunties) 86.078 23 77.14602 (d) Subordinated liabilities 1.241 25 702 14 (e) Lease liab,I ity 563 36 409 97 (f) Other financial liabilities 1,771 80 1.487 21 (2) Non financial liabilities (a) Current tax liabilities (net} 619 91 385 54 (b) Provisions 81 49 106 44 (c) Deferred tax liabilities (net) 21 77 21 58 (d) Other non-financial liabilities 51 02 102 84 (3) EQUITY (a) Equity share capital 2.506 35 2,504 39 (b) Other equity 26.760 72 25,479 14 (4) Non-controlling interest 35 00 50 50 TOTAL- LIABILITIES AND EQ\JITY 1.57, 796.26 1,42,205.31
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L&T Finance Limited Cl:'11. L67120MH2008PLC181833 Regd. Office : Brindavan, Plot No. 177, C.S.T. Road, Kalina, Santacruz (East), ~tum bai - 400 098, )laharashtra, India Websile : www .lllinanc e.com Email : igrc t@llfs.com Phone : +91 22 6212 5000 Fax : +91 22 6212 5553 2 Statement of Consolidated cash nows 1\ . Cos_h now from op~r1u in~ :ac,hi'itits l'tori1 befor e- tux rl"on, : Prof11 before 1>< Adjus1m cnt for: h1tcrcs\ Income Particulars Ocprcc10u1on, :trnon1s:1uon nnd 1mp:umlcnt Loss on snle ofpropcn_. pllin1 nnd oqu1pm,-n1 (ne1l Xcl fair ,oluc{umn) f loss OJ1 financial ms1rumenu ~ct loss on dc:rcC!ognmon orfin.cm<:i.al m!i-trumc."flts under 3mon1scd co.st cnlcgory lmp:31nncrn on iinancwl 1nstrumems r 1nancc cost ,ash mllow from mtc:rcst on loans Cll!h 1nllow fron, 1ntc-rcs1 on lnvcs1mcnt Cash mno, from 1n1c:rcs1 on Dcposns Cash 0111110, from finonc• 0011 Shute based pn)m<"11110 cmployc~ O1,crn ting profit before workin g CUJ>il.tl chol ngc.s IChungt>S in work inR c:ipit al (lnc:reascl 11>==• in financ,ol and non-firmnctol assets lncrensc / (d«:rensc) 1n finonc,.11 nnd non-financ10l lmb1h11cs Cu h gcnc::nttd rro m ope.rations: 0)1"1.'Cl IAX\!$ paid (n<I or refund) 1.oons td1<bur«-d) I repntd (net) i'°cl cnsh noo1 us:c<l in from 0pl'r :uin g uctlviti t.:1 Ci\ ) B, Cash nows from invcsling :activities Add : ln0ow frorn in csting :1ccivi1if'5 Proceed from sale ofpropctty . plant and cqui11mon1s Proceed from salt of 1nvesimcn,s Procoed from saleofshon tmn ,n,•c,unoms tnctl Leu : Ou1now from irwc:sting mc:th•ilir s Purchase ofpropcny. plan, and oqu1p111cnu111d lntnn_gtblc ossctS (1nclud1ng undor development) AcqUI.\Hton of Gold Loru, business••• Purchase of shon term in\cstments tnrt>• Pun:l1ase of 1n,·es1mcnts ~ cc to.sh now gcncr:u ed from I (u cd in} in,·e..s1ing; n.tth,hi (B) C. ash 001.,·s fr om finan cing ottivi lics .Add: In now from fin4nclng ac:1h1hics Prcx(.",!(ls from issue-of share capitol inch.1din£ .sccurny pn.'"fflmm on .iccount or c-mploycc stock opuon J>l'octtds from bon'owmgs • • Lw: Outflow rron1 financ:iug activities PD)'mC'tH ta non-corurollm!: tntcrcsts Pa)m<nl oflen<c It 1b1li1""' Oh•tdcnd p~td Rcpa mc11t ofbom) 1111n1: • • ;\'ct eu,h gener ated rrom I (used In) linon oing octM ti•• ( ) Xt:t intrN1se / (d« rcn.scJ in rash and c:ut1 t quivnltn l.S (A+ R+ ) C'llsh a11d cosh l'<Ju1valcn1< os 01 beginning of the penocl Cas h e1nd cas h 11quh•aJ.cn1.s u,s nt end of the period Notes: * Includes purchase and sale of mulua) funds (tin Cro r<) Six months ended Septem her 301 September 30, 2026 2025 (linaudiled) (Vnaudiled) 2,555 12 1.932 08 (10,052 74) (7,951 91) 134 42 91 64 019 0 9 1 117 99 (95 17) 258 23 228 80 1.211 33 1,047 85 3,940 54 3.270 03 9,403 18 7,463 40 /9/ 32 212 51 185 49 176 70 (3,999 71) (3.430 50) 7 79 14 84 3,963.1S 2,961.18 (2,102 05) 2,248 82 514 77 334 39 2,375.87 5,544.39 (51 2 40) (375 90) 115.642 65 ) (9,450 06) (t3 ,779.18) 14.281.57) 0 46 0 53 1.728 12 2,764 08 745 08 (154 13) (79 34) (709 21) ( 1,748 86) (644 21 1 (477 84) 1,675.32 (250.64) 12 61 48 63 25.928 77 20.680 48 (26 68) - (25 48) (13 71 ) (689 00) (686 77) ( 12_508 36) (16-280 39) 12,691.86 3,748.24 588.00 (783.97) 4.488 94 2.896 22 5,076.94 2,112.25 "'* Includes proceeds and repayment of debt secunll es. borrowing s (other than debt secun t1es) and subordinate liabiliues ***Net of cash & cash equivalents amountmg to~ 2 41 crore received on acqu1s1tion of gold loan business of Paul Merchants Finance Private Limited (PMFL)
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L&T finance Limited CJ:,,". L67120MH2008PLCl81833 Rcgd. Office : Brinda van, Plot ~o. 177, C.S.T. Road, Kalina, Santacruz (East), Mumbai - ➔ 00 098, )laharashtra, India Website: www.ltfinance.com Email: igrcl@ltrs.com Phone: +91226212 5000 Fax: +91 2! 6212 5553 These consolidated financial results have been prepared 1n accordance with the recogmt1on and measurement prmc1ples of fnd1an Accounung Standard ("Ind AS") prescnbed under section 133 of the Companies Ac1 2013 (the ":\ct") read with relevant rules issued thereunder.circulars . d1rec110ns & gu1delmes issued by the Reserve Bank of [nd1a (RBI) and the other account mg pnnc1p\es generally accepted m India -1- These consolidated financial results ha'-'e been prepared m accordance with the requirement ofRegulallon 33 and 52 of the Secunlles and Exchange Board oflnd1 a ("SEBI") (L1stmg Obligallons and Disclosure Requirements) Regulations. 2015. as amended 5 ll1ese consolidated financial results for the quarter and six months ended September 30. :!026 have been reviewed by the Audll Committee and the same has been approved by the Board ofD1rectors at its meetmg held on October 15. 2026 The Jomt Statutory Aud1lors of the Company have earned out a l1m1Led review of the aforesaid results and issued unmodified report thereon 6 l11e exceptional items for the previous year ended :VI arch 31, 2026 amounting to~ 28 5 1 crores (net of tax~ 21 33 crores) relate to the impact of 1mplcmentmg the >iew labour Codes 1111s resulted in a one-t1me material increase m the prov1smn ror employee benefit expenses due to the recognition of past service costs 7 The Company reports quarterly financial resuhs of the group on a consolidated basis. pursuant to Regulauon 33 and 5::! of the SEBI (l1stmg Obl1gallons and Disclosure Requ1rements) Regulations, 2015 as amended The Consolidated financial results are available on the website of the Company at Vvww ltfinance com. the website of SSE Limned ("BSE") at W\VW bsemd1a com and on the websne of 7'iational Stock E:-.chan!:\e of India Lim 1ted (">JSE") at www nse10d1a com The specified items of the standalone financial results of the Company for the quarter ended and six months ended September 30. 2026 are given below ft' in c.rorCJ) Quarter ended Six months ended Year ended Particulars September 30, June 30, Sep tern her 30, September 30, September 30, March 3l, 2026 2026 2025 2026 2025 2026 (t;naudited) (l.;naudited) (Unaudited) (Vnauditedl (t;naudited) (Audited\ Total income 5.484 42 5.243 49 4,333 09 10,727 91 8.590 16 I 8,054 20 Profit before lax (including exceptional items) 1.31199 un 11 978 76 2.525 16 1.912 31 4.106 37 Profit after tax 968 25 895 32 727 71 1,863 57 1.421 80 3.100 31 Total comprehensive income 1,043 73 894 37 739 14 1,938 I 0 1.403 19 3,110 66 The Company, during the quarter and six months ended September 30, 2026 has allotted 8.46.371 and 19.66.554 equity shares respectively of ~IO each, fully paid up. on exercise of options by employees. in accordance with the Company's Employee Stock Opt10n Scheme(s) 9 11,e group is engaged p1 imanly in the busmess of linancing and accordingly. there are- no sepa,ate repo11able segments as per Ind AS I 08 '"Operating Segments'' IO Disclosure in compliance with Regulation 52(4) of SEBI (LODR) Regulation.2015 dunng the six months ended September 30. 2026 1s attached as Annexure I 11 The figures for the quarter ended September JO. 2026 and September 30, 2025 are the balancing figures of the published year 10 date figures upto the six months and first quarter of the respective tinanc1a\ year, which were subJect to limned review by the statutory auditor of the company I 2 Previous penod/year figures have been regrouped/reclassified to make them comparable with those of current period For and on behalf of the Board of Directors L& T Finance Limited _£, Sudipta Roy Place Mumbai Date October I 5, 2026
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L&T Finance Limited CIN. L67120MH2008PLC181833 Regd. Office: Brindavan, Plot No. 177, C.S.T. Road, Kalina, Santacruz (East), Mumbai - 400 098, Maharashtra, India Website: www.ltfinance.com Email: igrc(a}ltfs.com Phone: +91 22 6212 5000 Fax: +91 22 6212 5553 Annexure I Disclosure in compliance with Regulations 52(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended as at/ for the six months ended September 30, 2026 Sr. No. Particulars Ratio (Consolidated) l Debt - Equity Ratio 1 : 4.21 2 Debt service coverage ratio3 : Not Applicable 3 Interest service coverage ratio3 : Not Applicable 4 Outstanding redeemable preference share (quantity and value) - 5 Outstanding redeemable preference share (tin crore) - 6 Capital redemption reserve (tin crore) 68.85 7 Debenture redemption reserve (t in crore) 0.29 8 Net worth (t in crore )2 : 29,267.07 9 Net profit after tax (t in crore) 1,888.75 10 Earnings per equity share : (not annualised) (a) Basic (t) *7.49 (b) Diluted (t) *7.48 11 Current ratio3: Not Applicable 12 Long term debt to working capitai3: Not Applicable 13 Bad debts to Account receivable ratio3: Not Applicable 14 Current liability ratio3: Not Applicable 15 Total debts to total assets 4: 0.78 16 Debtors turnover3: Not Applicable 17 Inventory turnover3: Not Applicable 18 Operating margin3: Not Applicable 19 Net profit margin5: 17.61% 20 Sector specific equivalent ratios (i) Capital Ratio (%)3 : Not Applicable (ii) Leverage Ratio3: Not Applicable (iii) Liquidity coverage ratio3 Not Applicable (iv) CRAR(%)3 Not Applicable (v) Gross Stage 3 (% )3 Not Applicable (vi) Net Stage 3 (%)3 Not Applicable Note: 1 Debt-equity ratio= (Debt securities+ Borrowings (other than debt securities)+ Subordinated liabilities)/ Networth. 2 Networth = Equity Share Capital + Other Equity 3 The Company is registered under the Reserve Bank of India Act, 1934 as Non-Banking Financial Company, hence these ratios are not applicable or required as per RBI guidelines at consolidated level. 4 Total debts to total assets = (Debt securities + Borrowings (other than debt securities) + Subordinated liabilities) / total assets. 5 Net profit margin= Net profit after tax / total income.
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Brahmayya & Co., Chartered Accountants T R Chadha & Co LLP Chartered Accountants 607, 6th Floor K.P. Aurum, Marol Maroshi Rd, Marol, Andheri East, E 2001-02, 20th Floor, Lotus Corporate Park Off Western Express Highway Ram Mandir Station Road Goregaon East, Mumbai - 400063 Tel.: 022-49669000 Mumbai - 400059 Tel.: 080-2227 4551 Independent Auditor's Review Report on Unaudited Standalone Quarterly Financial Results of L&T Finance Limited for the quarter and six months ended September 30, 2026, pursuant to Regulation 33 and Regulation 52(4) read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended). To The Board of Directors L&T Finance Limited INTRODUCTION 1. We have reviewed the accompanying statement of unaudited standalone financial results of L& T Finance Limited ("the Company") for the quarter and six months ended September 30, 2026 ("the Statement"), being submitted by the Company pursuant to the requirements of Regulation 33 and Regulation 52(4) read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"). 2. This Statement, which is the responsibility of the Company's Management and approved by the Board of Directors of the Company, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard ("Ind AS") 34 "Interim Financial Reporting" specified in section 133 of the Companies Act, 2013, as amended read with relevant rules issued thereunder and the circulars, guidelines and directions issued by Reserve Bank of India ("RBI") from time to time applicable to NBFC ("RBI guidelines") and other accounting principles generally accepted in India and in compliance with the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. SCOPE OF REVIEW 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements ("SRE") 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free from material misstatement. A review of interim financial information is limited primarily to making inquiries of the Company personnel and analytical procedures applied to the financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. CONCLUSION 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the applicable Ind AS and other Limited Review I L& T Finance Limited Page1of2
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Brahmayya & Co., Chartered Accou.ntants T R Chadha & Co LLP Chartered Accountants recognized accounting practices and policies , has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement or that it has not been prepared in accordance with the relevant prudential norms issued by Reserve Bank of India in respect of income recognition, asset classification, provisioning and other related matters . Our conclusion on the Statement is not modified in respect of the above matters . For Brahmayya & Co., Chartered Accountants Firm Registration No. 000515S P.S. Kumar Partner Membership No. 015590 UDIN: ~60 t5S9O ~U l)2.c_ P-3005"" Place: Mumbai Date: October 15, 2026 Limited Review I L&T Finance Limited For TR Chad ha & Co LLP Chartered Accountants Firm Registration No. 006711N/N500028 Vikas Kumar Partner Membership No. 075363 uo1N: 7-.60t 536~ M~YCilYl£ ':f-6o't Place: Mumbai Date: October 15, 2026 Page2of2
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L&T Finance Limited CIN. L67120Ml-l2008PLC181833 Regd. Office: Brindavan, Plot :"lo. 177, C.S.T. Road, Kalina, Santacruz (East), Mumbai - 400 098, Maharashtra, India Website : www.ltfinance.com Email: igrct@ltfs.com Phone : +91 22 6212 5000 Fax : +91 22 6212 5553 (fin crorc) STATE.\IE:-.T 01' STANDALONE l'li\',\ S CL\L RE ol:L 1'S fOR THE Ol"ARTEll AXD S IX .\1O,\'TIIS ENDED St::P"fDIBER 30, 2026 Quarter ended Six months ended Year ended Sr. September 30, June 30, September 30, September 30, September 30, March 31, :"lo. Particulars 2026 2026 2025 2026 2025 2026 (l!naudited) (Lnaudited) (Lnaudited) (Lnaudited) (Lnaudited) (Audited) (Refer Note 6) (Refer Note 6) (I) Revenue from operations (a) Interest income 5.15766 4.894 83 4.037 30 I 0.052.49 7.95 1.71 16.61565 (b) Dividend income - - - - 150.02 (c) Fees and commission income 326 33 318 01 289 27 644 34 548 24 l.2n27 (d) ~et gain on fair value changes 6 17 - 89 54 50.71 Total revenue from operations 5,483.99 5,212.84 4,332.74 10,696.83 8,589.49 18,049.65 (II) Other income 0.43 30.65 0.35 31 08 0 67 4.55 (Ill) Total income (l+11) 5,484.42 5,243.49 4,333.09 10,727.91 8,590.16 18,054.20 (IV) Expenses (a) Finance costs 1,970 45 1.970,06 1.634.28 3.94051 3.270 0 I 6.720.04 (b) Net loss on fair value changes 74 44 68,86 143 30 - (c) Net loss on derecognition of financial instmments under amo11ised 124.62 133.61 cost category 139,06 258 23 228 80 561 77 (d) Impairment on financial instruments 628 69 582.64 505.55 1.211 .33 1.047 85 2.184 10 (e) Employee benefits expenses 736.81 697,11 592.63 1.433.92 1.144 34 2.452 77 (f) Depreciation. amortjsation and impainnenl 70,79 61 72 49.34 132.51 88.47 203 84 (g) Other expenses 566,63 516 32 43347 1,082.95 898.38 1.796.88 Total expenses 4,172.-13 4,030.32 3,354.33 8,202.75 6,677.85 13,919.40 (V) Profit before tax and exceptional items (Ill - IV) 1,311.99 1,213.17 978.76 2,525.16 1,912.31 4,134.80 (VI) Exceptional items (refer note I 0) - - - - (28.43) (VII) Profit before tax (V + VI) 1,311.99 1,213.17 978.76 2,525.16 1,912.31 4,106.37 (V II I') Tax expense: a) Current tax 469 67 399.74 202 14 869.41 455 32 1,057 39 b) Deferred lax (125 93) (81.89) 48 91 (207.82) 35. 19 (51 33) Total tax expense (a+b) 343.74 317.85 251.05 661.59 490.51 1,006.06 (IX) Profit for the period/year (VII-VIII) 968.25 895.32 727.71 1,863.57 1,421.80 3,100.31 (X) Other comprehensive income A Items that will not be reclassified to profit or loss (a) Remeasurement of defined benefit plans (0,11) (2.0'1) 0.51 (2.20) (15.71 t (1267) (b) Income tax relating to items that will not be reclassified to profit or 0.02 0.53 (0 13) 0 55 3.95 3. 19 loss Subtotal (A) (0.09) (1.56) 0.38 (1.65) (11.76) (9A8) B Items that will be reclassified to profit or loss (a) Change in fair value of debt instruments measured at fair value (24.11) 16 53 (34.43) (7.58) 0 45 (33 66) through other comprehensive income (b) The effective portion of gains / (loss) on hedging instruments in a cash 133.20 (212 7) 60.78 I 11.93 (9 75) 71.48 flow hedge (c) Income tax relating to items that will be reclassified to profit or loss (33.52) 5 35 (1 5.30) (28.17) 2.45 (17.99) Subtotal (B) 75.57 0.61 11.05 76.18 (6.85) 19.83 Other comprehensive income (A+B) 75.48 (0.95) 11.43 74.53 (18.61) 10.35 (XI) Total comprehensive income for the period/year (LX+X) 1,043.73 894.37 739.14 1,938.10 1,403.19 3,110.66 (XII) Paid-up equity share capital (face value oH 10 each) (refer note 8) 2.504.39 (X III) Other equity 25.328.89 (Xl\1 ) Earnings per equity share (*not annualised) : (a) Basic (f) *3.86 •3.57 *2.91 •7.44 •5 69 12.40 (bl Oilu1cd lt l •3.86 ' 3.57 •2.90 •1.-12 •S.61 12.36
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L&T Finance Limited CIN. L67120:VIH2008PLC18l833 Regd. Office: Brindavan, Plot No. 177, C.S.T. Road, Kalina, Santacruz (East), Mumbai - 400 098, Maharashtra, India Website: www.ltfinance.com Email: igrc@ltfs.com Phone: +91226212 5000 Fax: +91 22 6212 5553 Notes: I Statement of standalone assets and liabilities (f in crorc) As at As at Sr. Particulars September 30, March 31, No. 2026 2026 (Unaudited) (Audited) A ASSETS I Financial assets (a) Cash and cash equivalents 5,073.64 4,487.86 (b) Bank balance other than (a) above 3,809.10 3,464.24 (c) Derivative financial instruments 1,045.46 875.85 (d) Receivables Trade receivables 236.76 102.47 Other receivables 4. 14 4.97 (e) Loans 1,32, 173. 76 1,17,821.03 (t) Investments 8,758.65 10,632.51 (g) Other financial assets 2,241.02 774.58 2 Non-financial assets (a) Current tax assets (net) 267.89 392.55 (b) Deferred tax assets (net) 1,985.35 1,805.15 (c) Property, plant and equipment 205.87 169.39 (d) Intangible assets under development 60.00 61.87 (e) Goodwill 182.39 182.39 (t) Other intangible assets 250.71 253.29 (g) Right of use assets 541.91 397. 13 (h) Other non-financial assets 713.68 517.23 TOTAL-ASSETS 1,57,550.33 1,41,942.51 B LIABILITIES AND EQUITY 1 LIABILITIES a. Financial liabilities (a) Payables (i) Trade payables (i) total outstanding dues of micro enterprises and small enterprises 0.77 0.22 (ii) total outstanding dues of creditors other than micro enterprises and small enterprises 2,073.82 1.766.29 (ii) Other payables (i) total outstanding dues of micro enterprises and small enterprises . . ( ii) total outstanding dues of creditors other than micro enterprises and small enterprises . - (b) Debt securities 35,986.50 32,039 .53 (c) Borrowings ( other than debt securities) 86,078.23 77,146.02 (d) Subordinated liabilities 1,241.25 702.14 (e) Lease liabilities 563.36 409.97 (t) Other financial liabilities I, 770.96 1,468.39 b. Non financial liabilities (a) Current tax liabilities (net) 602.06 369 .00 (b) Provisions 80,54 105.55 (c) Other non-financial liabilities 50.04 102.12 2 EQUITY (a) Equity share capital 2,506.35 2,504 .39 (b) Other equity 26,596.45 25,328.89 TOTAL- LIABILITIES AND EQUITY 1,57,550.33 1,41,942.51
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L&T Finance Limited CIN. L67120MH2008PLCl81833 Regd. Office: Brindavan, Plot '.'io. 177, C.S.T. Road, Kalina, Santacruz (East), \fombai - 400 098, \ilaharashtra, India Website: www.ltfinance.com Email: igrc@ltfs.com Phone: +91226212 5000 Fax: +91226212 5553 '.'/oles: 2 Statement of standalone cash flows (fin crorc) Six month ended Sr. Particulars September 30, Septem her 30, No. 2026 2025 (t.:naudited) (Unaudited) A Cash flows from operating activities: Profit before tax 2,525 .16 1.912 31 Adjustments for: Interest income (10,052.49) (7,951 71) Net loss on sale of property, plant and equipment 0. 17 0 87 Net los&'(profit) on fair value changes 143.30 ( 89.54) Net loss on derecognition of financial instruments under amortised cost category 258.23 228.80 Impairment on financial instruments 1,211.33 1,047 85 Finance cost 3,940.51 3,270 .01 Depreciation, amortisation and impairment 132.51 88.47 Share based payment to employees 7.79 14.84 Cash inflow fi-om interest on loans 9,403 18 7,463.40 Cash inflow fi-om interest on investment 19 1.32 212.51 Cash inflow fi-om interest on deposits with banks 185 37 176 61 Cash outflow from finance cost (3,999 .68) (3,430.48) Operating profit before working capital changes 3,946.70 2,943.94 Changes in working capital Adjustments for increase/(decrease) in operating liabilities Other financial liabilities 305 54 222.72 Provisions (27.21) 12.01 Trade and other payables 308 08 131.93 Other non-financial liabilities (52.08) (31.17) Adjustments for (increase)/decrease in operating assets - Other non-financial assets (155 51) (34.40) Other financial assets (1,466 44) 263.45 Trade and other receivables ( 133 46) 49.98 Change in other bank balance (337 35) 1,970.00 Cash generated from operations 2,388.27 5,528.45 Dire_ct taxes paid (net of refund) (511 69) (372 46) Loans (disbursed)/repayment (net) (15,642 .65) (9,450 .06) :\'et cash used in operating activities (A) (13,766.07) (4,294.07) B C:ish flows from investing activities : Purchase of property , plant and equipment (70 81) (32.53) Proceeds from sale of property , plant and equipment 0.42 0 53 Purchase of intangible assets (including under development) (81.82) (45.96) Acqu1s1tion of gold loan business••• - (709 21) Purchase of investments (644.21) (463 .69) Proceeds fi-om sale of investments 1,679.77 2,764 01 {Purchasc)/Proceeds from sale of short term investments (net)• 749.96 (1,749 .91) Net cash generated from /(used in) investing activities (B) 1,633.31 (236.76) C Cash flows from financing activities: Proceeds fi-om issue of share capital including security premium on account of employee stock options 12 61 48.63 Pnymcm oflease liabilities (25 48) ( 13 71) Dividend paid (689 .00) (686 77) Proceeds fi-om borrowings •• 25,928 77 20,680.48 Repayment of borrowings•• (12,508 .36) ( 16.280.39) ~ct cash generated from financing activities (C) 12,718.54 3,748.24 :,.;ct increase/(decrease) in cash and cash equivalents (A+B+C) 585.78 (782.59) Cush and cash equivalents at beginning of the period 4,487 86 2,893 66 Cash and cash equivalents at the end of the period 5,073 .64 2,111.07 .'ict incrcase/(dccrcasc) in cash and cash equivalents 585.78 (782.59) Notes: • Includes purchase and sale of mutual funds ** Includes proceeds and repayment of debt securities , borrowings (other than debt securities) and subordinate liabilities . *** Net ofcash & cash equivalents amounting to~ 2 41crores r ccivcd on acquisition of gold loan business of Paul Merchants Finance Private Limited (PMFL) .
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L& T Finance Limited CI:-/. L67120MH2008PLC181833 Regd. Office: Brindavan, Plot '.'<o. 177, C.S.T. Road, Kalina, Santacruz (East), Mumbai - 400 098, Maharashtra, India Website: www.ltfinance.com Email: igrc(@ltfs.com Phone: +912262125000 Fax: +91226212 5553 3 These standalone financial results have been prepared in accordance with the recognition and measurement principles ofJndian Accounting Standard ("Ind AS") prescribed under section 133 of the Companies Act. 2013 (the "Act") read with relevant rules issued thereunder . circular. directions & b'llidelines issued by the Resen •e Bank of India (RB I) and the other accounting principles generally accepted in India, 4 These standalone financial results have been prepared in accordance with the requirement of Regulation 33 and 52 of the Securities and Exchange Board of India ("SEBI") (Listing Obligations and Disclosure Requirements) Regulations. 20 I 5, as amended These standalone financial results have been reviewed by the Audit Committee and the same has been approved by the Board of Directors at its meeting held on October 15, 2026 The Joint Statutory Auditors of the Company have carried out a limited review of the aforesaid results and issued unmodified report thereon. 6 The fi!,'lires for the quarter ended September 30. 2026 and September 30. 2025 are the balancing fib'Ures of the year to date figures upto the six months and first quarter of the respective financial year. which were subject to limited review by the statutory auditor of the company. 7 Disclosure on Resolution Framework I and Resolution Framework 2. for COVID-19 related Stress in tenns of RBI circulars, RBl/2020-21/16 DOR No.BP. BC/3/21.04 048/2020-21 dared Au!,'llSt 06. 2020 and RBl/2021-22 /31/DOR STR REC,11 /2 1 04 ,048/2021-22 dated May 05. 2021: Format B· Cl in crore) Exposure to Exposure to accounts classified as accounts classified as Standard Of (A), aggregate Of (A) amount Standard consequent to Of (A) amount paid by the Type of borrower implementation or debt that slipped written off during borrowers consequent to resolution plan - into NPA during the half-year during the hair- implementation the half-year of resolu rion Position as at the year plan - Position end of the as at the end of previous half- this half-year .. year** {Al (Bl CC) (D) (E) Persona.I Loans 346 22 6.79 . 25.01 326 85 Cornorate oersons* 37 94 1.37 2 93 46.17 Of which, MSMFs . - . - Others - - . - - Total 384.16 8.15 - 27.94 373.02 *A,\· defined 111 Sec:lton 3(7) r?(lhe Insolven cy und Bankntptcy Code, 20/6 •• includes additional disbursement post implementation and interest accrued upto September 30. 2026 8 The Company. during the quarter and six months ended September 30, 2026 has allotted 8.46.371 and 19.66.554 equity shares respectively of tl0 each. fully paid up, on exercise of options by employees. in accordance with the Company's Employee Stock Option Scheme(s). 9 Information as required by Reb'Ulation 54 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015: Security Coverage available as on September 30. 2026 in case of Secured non-convertible deben1ures issued by the Company is I 06 times The secured non-convertible debentures issued by the Company are fully secured by creation and maintenance of exclusive charge on specific receivables of the Company, to the extent as stated in the respective Information Memorandum Tl1e details for security cover as per the forrnat prescribed by the SEBI vide circular dated March 31, 2023 is enclosed. IO The exceptional items for the previous year ended March 31, 2026 amounting to t 28 43 crores (net of tax t 21 27 crores) relate to the impact of implementing the New Labour Codes This resulted in a one-time material increase in the provision for employee benefit expenses due to the recognition of past service costs. 11 Disclosures pursuant to Reserve Bank of India (Non-Banking Financial Companies - Financial Statements : Presentation and Disclosures) Directions. 2025 in tenns of the RBI circular RBI/DOR/2025-26 /359 DOR.ACC.REC.No 278/21.04 018/2025-26 dated 28 November 2025. as amended: 12 i) There are no NPA loans transferred during the six months ended September 30, 2026 i1) There are no SMA loans transferred during the six months ended September 30. 2026 iii) There are no loans not in default transferred during the six months ended September 30, 2026 iv) There are no loans not in default acquired during the six months ended September 30. 2026 v) The Company has not acquired any stressed loans during the six months ended September 30, 2026 Disclosure related to Co-Lending Arrangements (CLAs) as at September 30. 2026 on an a8!,,regate basis as per Reserve Bank of India (Non-Banking Financial Companies - Transfer and Distribution of Credit Risk) Directions, 2025 , is given below: Sr, Asal Particulars September 30, No. 2026 I Number of Co- LendinL> Arranu:ement I 2 Number ofOutstandine Cases 1.65.804 3 Amount of Gross outstandine (tin crore) 2.188 10 4 Weighted average rate of interest(%) 1199% 5 Fees Prud duri 11A the vear Nil 6 Sector of Co- Lendino Arraneement Personal Loan 7 Performance of loans under Co- Lending Arrangement - Standard Loans (fin crore) 2.156 .70 - Non- Performing loans ('tin crore) 31.41 8 Default loss m,arantee (ifanv) Not Aopilcable
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L&T Finance Limited CIN. L67120MH2008PLC181833 Regd. Office: Brindavan, Plot '.'lo. 177, C.S.T. Road, Kalina, Santacruz (East), Mumbai - -100 098, Maharashtra, India Website: www.ltfinance.com Email: igrc!@ltfs.com Phone: +91 22 6212 5000 Fax: +91 22 6212 5553 13 Disclosure related 10 Project Finance for the quarter ended September 30. 2026 as per Reserve Bank of India (Non-Banking Financial Company • Financial Statements: Presentation and Disclosures) Directions. 2025 dated November 28. 2025. is given below: Sr. Particulars Number of Total outstanding '.'lo. accounts (fin crorc) I Projects under imnlementation accounts at the beginning of the quarter 4 893.22 2 Proiects under imolementation accounts sanctioned durinLI the quarter - . 3 Projects under implementation accounts where DCCO has been achieved during tl1e lnutincr 3A Movement in balance for accounts appearing in bei..rinning of the Quarter I 58 83 4 Projects under imolementation accounts al the end of the quarter (I •2-3-3AJ 3 834 39 5 Out of ·4 • - accounts in respect of which resolution process involving extension In 2 510.51 oriv:inal / extended DCCO. as the case mav be. has been invoked 5.1 Out of-S- - accounts in respect of which Resolution plan has been implemented . 5.2 Out of' 5 • - accounts in respect of which Resolution olan is under implementation I 291 57 5.3 Out of ·5· - accounts in resoect of which Resolution olan has failed I 218.93 6 Out of ·s·. accounts in respect of which resolution process involving extension in original - . / extended DCCO, as the case may be. has been invoked due to change in scope and size of the oroiect 7 Out of·S" , account in respect of which cost overrun associated with extension in original/ extended DCCO, as the case may be. was funded 7.1 Out of·7". accounts where SBCF was sanctioned during financial closure and renewed - continuouslv 7.2 Out of '7 '. accounts where SBCF was not pre-sanctioned or renewed continuously . 8 Out of ·4 • - accounts in respect of which resolution process not involving extension in . original / extended DCCO. as the case may be. has been invoked 8.1 Out of·8· - accounts in respect of which Resolution plan has been implemented . 8,2 Out of •g· - accounts in respect of which Resolution plan is under implementation - 8.3 Out of·8 " - accounts in resoect of which Resolution olan has failed . I 4 The Company is engaged primarily in the business of financing and accordingly. there are no separate reportable segments as per Ind AS I 08 "Operating Segments". 15 Information as required by Reb•ulation 52(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015 as amended. is anached as Annexure I 16 Previous period/year figures have been re,b'fOuped/reclassified to make them comparable with those of current period For and on behalf of the Board of Directors L&T Finance Limited 1~- ~ Sudipta Roy Managing Oirecto & Chic EX('(:.uti\•e Officer (DIN : 08069653) Place: Mumbai Date • October 15, 2026
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L&T Finance Limited CIN. L67120MH2008PLCl81833 Regd. Office: Brindavan, Plot No. 177, C.S.T. Road, Kalina, Santacruz (East), Mumbai - 400 098, Maharashtra, India Website: www.ltfinance.com Email: igrc@ltfs.com Phone: +91 22 6212 5000 Fax: +91 22 6212 5553 Annexure I: Disclosure in compliance with Regulation 52(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended as at / for the six months ended September 30, 2026 Sr. No. Particulars Ratio I Debt-equity ratio 1 4.24 2 Debt service coverage ratio2 Not Applicable 3 Interest service coverage ratio2 Not Applicable 4 Outstanding redeemable preference shares (quantity and value) - 5 Capital redemption reserve (tin crore) 72.05 6 Debenture redemption reserve (t in crore) 0.29 7 Net worth (tin crore)3 29,102.80 8 Net profit after tax (t in crore) 1,863.57 9 Earnings per equity share (a) Basic (t) *7.44 (b) Diluted (t) *7.42 10 Current ratio2 Not Applicable 11 Long term debt to working capital2 Not Applicable 12 Bad debts to account receivable ratio2 Not Applicable 13 Current liability ratio2 Not Applicable 14 Total debts to total assets4 0.78 15 Debtors turnover 2 Not Applicable 16 Inventory tumover 2 Not Applicable 17 Operating margin2 Not Applicable 18 Net profit margin' 17.37% 19 Sector specific equivalent ratios: (a) Gross Stage 3 2.75% (b) Net Stage 3 0.85% (c) Capital to risk-weighted assets ratio6 18.67% ( d) Liquidity coverage ratio for the quarter ended September 30, 2026 6 184% Note: I Debt-equity ratio= (Debt securities+ Borrowings (other than debt securities)+ Subordinated liabilities)/ Networth. 2 The Company is registered under the Reserve Bank of India Act, 1934 as Non-Banking Financial Company, hence these ratios are not applicable. 3 Net worth= Equity share capital + Other equity. 4 Total debts to total assets= (Debt securities+ Borrowings (other than debt securities)+ Subordinated liabilities)/ Total assets. 5 Net profit margin = Net profit after tax / Total income. 6 Capital to risk-weighted assets ratio and Liquidity coverage ratio, are calculated as per the RBI guidelines.
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BRAHMAYYA & CO., CHARTERED ACCOUNTANTS PHONE: +91-80-2227455, 22274552 FAX: +91-80-22212437 EMAIL: srinivas@brahmayya.in 607, 6th Floor K.P. Aurum , Maro! Maroshi Rd, Maro!, Andheri East, Mumbai - 400059 Independent Auditor's Certificate on the Statement of Maintenance of Security Cover and Compliance of Financial Covenants in respect of Listed Non - Convertible Debentures as at and for the quarter ended September 30, 2026. To The Board of Directors L&T Finance Limited Brindavan, Plot No.177, C.S.T. Road, Kalina Santacruz (East) Mumbai, Maharashtra - 400 098 India 1. The management of L& T Finance Limited ("the Company") has requested M/s Brahmayya & Co., Chartered Accountants, the joint statutory auditor of the Company, to certify the particulars contained in the accompanying Annexure of Listed Non-Convertible Debentures ("NCDs") attached herewith ("Annexure -A") for the Company as at and for the quarter ended September 30, 2026. Annexure -A has been prepared by the Company to comply with Regulation 54 read with Regulation 56(1)(d) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 as amended vide operational Circular no. SEBI/HO/DDHS/P/CIR/2023/50 dated March 31, 2023 and Regulation 15(1)(t) of the Securities and Exchange Board of India (Debenture Trustees) Regulations, 1993, as amended from time to time (together referred to as the "Regulations") for the purpose of its onward submission to Debenture Trustees. The accompanyingAnnexure -A (herein after referred to as the "Statement", which includes Exhibit 1) has been initialed by us for identification purpose only. RESPONSIBILITY OF THE MANAGEMENT 2. The preparation and presentation of the Statement is the exclusive responsibility of the Company's management including the preparation and maintenance of all accounting and other records supporting its contents. This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation and presentation of the Statement and applying an appropriate basis of preparation; and making estimates that are reasonable in the circumstances. 3. The Company's management is also responsible for ensuring that the Company complies with the requirements of the Regulations and the General Information Document ("GID") / Information Memorandum ("IM")/ Debenture Trust Deeds ("DTD") for all listed NCDs issued/outstanding during the quarter ended September 30, 2026, and for providing all relevant information to the Company's Debenture Trustee. The Company's management is responsible for preparation and maintenance of the security cover and compliance with all covenants on a continuous basis as per the GID /IM/ DTDs. Further, the Company's management is responsible for completeness and accuracy of the security cover and covenants listed in the Statement extracted from the list of covenants under the 'Covenants' section of the respective GID I IM / DTDs. AUDITOR'S RESPONSIBILITY AND METHODOLOGY 4. Pursuant to the request from management and as required by the Company's Debenture Trustee, we are required to provide a limited assurance on whether the Company has maintained security cover as urity Cover I L&T Finance Limited Page 1 of 3
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BRAHMAYYA & CO., CHARTERED ACCOUNTANTS per unaudited book value and complied with the financial covenants, as set out in the Statement for all outstanding listed NCDs. 5. For the purpose of this certificate, we have planned and performed the following procedures to determine whether anything has come to our attention that causes us to believe that, in all material respects, that the Company has not maintained security cover as per book value and has not complied with the financial covenants (as set out in Statement) as perthe requirements of the GID /IM/ DTDs with Debenture Trustee, in relation to all outstanding listed NCDs: (a) Obtained the unaudited standalone financ ial results of the Company as at and for the quarter ended September 30, 2026; (b) Obtained the list of listed NCDs and verified, for sample cases, the details such as ISIN, facility, sanctioned amount as at September 30, 2026, security details, for each series of the listed NCDs from the DTD and related documents; (c) Traced the amounts forming part of the Statement with the unaudited financial results, and books and other records maintained by the Company; (d) On sample basis, verified the details of the outstanding amount, cover required and assets required to be maintained as collateral for each series of the listed NCDs from other books and records maintained by the Company for the quarter ended September 30, 2026; (e) Recomputed the security coverage ratio as set out in the Statement; (f) Obtained from management , a list of applicable financial covenants (as set out in the Statement), extracted from the "Covenants" section of the respective GID / IM / DTDs. Management has confirmed that the financial covenants listed in the Statement are extracted from all GID I IM/ DTDs for all listed NCDs issued during the quarter ended September 30, 2026 / outstanding as at September 30, 2026, against each of the applicable financial covenants (as set out in the Statement), obtained the status of compliance with such financial covenants as at September 30, 2026, from management; (g) On a sample basis, we traced the financial covenants in the Statement to the respective IM/ DTDs to test their accuracy; (h) On a sample basis, verified the compliance with the financial covenants as set out in the Statement; and (i) Verified the arithmetical accuracy of the Statement. 6. The procedures performed in a limited assurance engagement vary in nature and timing from, and are less in e~tent than for, a reasonable assurance engagement and consequently , the level of assurance obtained in a limited assurance engagement is substantially lower than the assurance that would have been obtained had a reasonable assurance engagement been performed. 7. We conducted our examination in accordance with the Guidance Note on Reports or Certificates for Special Purposes (Revised 2016) ("the Guidance Note" ) issued by the ICAI. The Guidance Note requires that we comply with the ethical requirements of the Code of Ethics issued by the ICAI. 8. We have complied with the relevant applicable requirements of the Standard on Quality Control ("SQC") 1, Quality Control for Firms that Perform Audits and Reviews of Historical Financial Information , and Other Assurance and Related Services Engagements. urity Cover I L&T Finance Limited Page 2of 3
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BRAHMAYYA & CO., CHARTERED ACCOUNTANTS CONCLUSION 9. Based on our procedures performed as mentioned in paragraph 5 above, information and explanation given to us and representations provided by the Company, nothing has come to our attention that ca uses us to believe that the book values as considered in the Statement, in relation to the computation of Security cover, is not in agreement with the unaudited books of accounts for the quarter ended September 30, 2026 and the Company has not complied with the financial covenants as mentioned in the Statement. RESTRICTION ON USE 10. This certificate has been issued for the sole use of the Board of Directors, to whom it is addressed, pursuant to the requirements of the above-mentioned Regulations. Accordingly, our certificate should not be quoted or referred to in any other document or made available to any other person or persons without our prior written consent. We neither accept nor assume any duty or liability for any other purpose orto any other party to whom our certificate is shown or into whose hands it may come without our prior consent in writing. For Brahmayya & Co., Chartered Accountants Firm Registration No. 000515S ~ G. Srinivas Partner Membership No. 086761 UDIN: 26086761EHBRW1972 Place: Mumbai Date: October 15, 2026 Security Cover I L&T Finance Limited Page 3 of 3
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{f?J l&T Finance Annexure A Statement of security cover and compliance with covenants as on September 30th , 2026 Security cover in respect of listed debt securities of the listed entity under SEBI Circular SEBI/HO/DDHS/P/CIR/2023/50 dated March 31, 2023 This Statement is prepared in accordance with Regulation 56(1 )(d) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 as amended vide operational Circular no. SEBI/HO/DDHS/P/CIR/2023/50 dated March 31, 2023 and Regulation 15 (1) (t) of the Securities and Exchange Board of India (Debenture Trustees) Regulations, 1993, as amended from time to time (together referred to as the 'Regulations'). We hereby certify that: A. The listed entity i.e. L& T Finance Limited ('the Company') has vide its Board Resolutions, Information Memorandums / Offer Documents and under various Debenture Trust Deeds, issued the listed debt securities (Non-Convertible Debentures/ NCD's) and the amount outstanding (including interest accrued) as at September 30th , 2026 is Rs. 26,619.1 O crores as per Exhibit 1. B. Security cover for Secured listed debt securities i. The financial information as on September 30th• 2026, has been extracted from the unaudited financial statements for the quarter ended September 30th, 2026, and other relevant records and documents maintained by the Company. ii. The assets of the Company provide coverage of 1.06 times of the interest and principal amount, which is in accordance with the terms of the issue / debenture trust deed (Calculation as per "Statement of security cover as on September 30th , 2026") ("the Statement"). C. Compliance of all the covenants in respect of listed debt securities of the listed entity We confirm that the Company has complied with all the applicable covenants terms of the issue of the listed debt securities as listed below: L&T Finance Limited Registered Office Brindavan, Plot No. 177, C.S.T Road Kalina, Santacruz (East) Mumbai 400 098, Maharashtra, India CIN: L67120MH2008PLC181833 T +91226212 5000 I 5555 F +91 22 6621 7509 E igrc@ltfs .corn WWW.LTFINANCE.COM
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9 t&T Finance ANNEXUREI A ~lo Covenants ll sJed below : Sr. No. Reference 1 2 of DID 2 SofDID 3 32 ofDID 4 34(8) (iii) of DTD 5 34(8 ) (iv) of DTD 6 Schedule II of DTD 7 Company Covenants : 34 (a) ofDTD 8 34 (a)ofDID 9 34 (a) ofDTD 10 34 (a) of DTD 11 34 (a) ofDTD L&T Finance Limited Registered Office Covenant Descr iption given by Debenture Trust Deed (DTD) Amount of debentures and covenant to pay principal amount and interest. The Company covenants with the Debenture Trustee that the Company shall pay to the Debenture Holders all amounts due in relation to the Debentures, including but not limrted to the Principal Amount, Interest periodically, as mentioned in lhe Financial Covenants and Conditions covered in Schedule. Covenant for Redemption The Debenture Trustee shall, upon proof being given to the reasonable satisfaction of the Debenture Trustee that atl the Principal Amount of Debentures shall be Redeemed in accordance with the Financial Covenants and Conditions together with all Interest, liqui·dated damages and all other monies hereby secured or intended to be secured have been paid or salisfied ,n accordance with the tenor(s) thereof and upon paymeni of all e<>sts, cha,ges and expenses Incurred by the Debenture Trustee or by any Receiver ,n relation to these presents (Including the remuneration of the-Debenture Trustee and of any Receiver and all interest and liqu!dated damages in respect thereof) and upon observance and performance of the terms and conditions and covenants herein contained, the Debenture Trustee shall, at any time thereafter, at the request and cost of the Company re-convey. re-as.sign, re--assure and re-transfer 10 tlie Company or as the Company may direcl or to such other peison entltled ereto Ille Hypothecated Assets freed and discha(ged from th• lnlSls and security created through this Deed, as the case may be_ Investor Education and Protection Fund The Company covenants to comply with the provisions of Section 125 of the Act relating to transfer of unclaimed amount upon Redemption of Debentures to Investor Education and Protection Fund rIEPF" ), if applicable to it. Power of Debenture T,us iee to appoint Nooiiries Director Ttie Debenture Trustee shall have authority to appoint a nommee director on the Board of lhe Company as per provisions of SEBI (Debenture Trustee) Regulations. 1993 and the and the Ael particularly in the event of. {~) Two consecutive defaults in payment of Interest to the Debenture Holders; or (~} Default in creation of security for Debentures; or (Cl Default in redemption of Debentures. The nominee director so appointed shall not be liable to retire by rotation nor shall be required to hold any qualification shares. The Company shall take steps to amend its articles of assocLatloo ror the purpose if necessary. Special Covenaots In the event of any repugnancy or inconsistency in the terms of these presents and the terms and conditions on whfch lhe said Debentures were issued, the terms and conditions on which the said Debentures are issued wdl prevail for aU purposes and intents. F"1114111c!al CovenanlS and Condilio~ 1, Computation of interest 2. Rate of interest, inlerest period and interest payment date 3. Redemption. 4 Paymenls 5. Security 6. Security Cover, etc. That notw1t11s1andlng anytning to the conuary done or executed or om,tted lo be done or e, ecutl!d or l<nowlngly sufl!!red to the contrary the Compa11y now has power to grant, transfer, assure and assign unto the Debenture Trustee the Hypothecaled Assets. That II shaff be lawful for the Debenture Trustee laldng pcssess ion under tho provisions herein cor,taln"" of all or any 01 the Hypothecall!d Ass.el$ without any interruption or diswrbance by the Company or any other person or persons cfa!mlng by, through, ur,der or In 1tust for the Company and freed and discharged from or otherwise by Lhe C<>mpany sufflc!ently l ndemnir.ed against alJ encumbrances and demands wnatsoevet: Thal the Company shall execute all such deeds. documents and assurances and do all suet, acts and thlngs as the DebenIure Trus!Be may reasonably require for .,, _ercislng the righls under tnese p,esen ts and the Debeoturcsaor for efle<:tualtng and completing the security Intended lo be hereby created and shall, from time to lime and at all llmes aher the secunty hereby eonsllMe d ~hall become enforceable, e~ecule and do all suah deeds. documenlS, assurances , acts, and things as the Deben11.11e Trustee may require fo, facilitating reallzallon of the Hypothecaled Asse1t·and for e~ercislng all the powers, authorities· and dfscre~or,s h01eby conferred on the Debenture Trustee or any Receiver and In partlcU!a• 1"e Company shall QXeeute all transfers. assignm ents and assurance of the HypoU,ecated Assets whether to the Debenture Trustee or 10 the,r nominees und shall gi'/e aU no~. orders a,id direc~ons which the Oebenwrc Trustee may think eJ<pedlent and .shall perform or cause 10 be per1omted all ai:ts and things requis fle or de'Slrable r0< the pu,pose of giving effect to the exercise or any or the said powers. aulhorltles and discretions . and further shaU for suet, p<,rposes or any of them make or consent to such application or local a\Jlhonty as the Debenture Trus;eo may requlll! for Ihe consent . saocliOn or aul/lO<tzation, or such authority to or for sale and lransfer or the Hypothecated Assets or any pa<1 lhereor and It sh&IJ be lawful for the Dobonture Troslee to make or consent to make any such application In the name ol the Company and for the purposes aforesaid a certificate in writing signed by the Debenture Trustee to the effect that any particular assurance or thing required by them is reasonably required by them shall be conclusive evidence of the fact; The.Hypo thecated Assets will at aE umes be the absolute proµerty of the.Company end be frea from any security. 0Iher than the cha,ge created bv this Deed and as permitted bv the Transaction Documents: ltshall not create, grant or permit to subsist any reslllctlon on the ability lo transfer or realise, all or any of [ts rlgh~ tiUe and interest in the Hypothecated Assets or any part; Brindavan, Plot No. 177, C.S.T Road Kalina, Santacruz (East) T +91 22 6212 5000 / 5555 F +91 22 6621 7509 Mumbai 400 098, Maharashtra, India CIN: L67120MH2008PLC181833 E igrc@ltfs.com Status of Compliance as j Dtr Manaciamenl Complied No such event occurred Complied No such event occurred hence NA No such event occurred hence NA Complied No such event occurred NA Complied with as and when event occurred Complied No such event occurred WWW.LTFINANCE.COM
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@L&T Finance I Sr. Reference No. 12 34 (a) of DTD I 13 34 (a) of DTD 14 34 (a) of DTD 15 34 (a) of DTD 16 34 (a) of DTD I 17 34 (a) of DTD I 18 34 (b) (i) (B) of DTD I 19 34 (b) (i) (C) of DTD 20 34 (b) (i) (D) of DTD 21 34 (b) (i) (e) of DTD 22 34 (b) (i) (F) of DTD 23 34 (b) (i) (G) of DTD I I I 24 34 (b) (i) (H) of DTD 25 34 (b) (i) (/) of DTD 26 34 (b) (i) (J) of DTD . I L&T Finance Limited Registered Office Covenant Description given by Debenture Trust Deed (OTO) II shall life dlliy completed E-forms as prescribed under lhe Companies Act, 2013 with the re'8vant Registrar _of Companies along with the requisite filing fee and shall deliver to the Debenture Trustee: (i) a copy thereof along with evidence of payment of fees; and (ii) a copy of certificate of registration of charge issued by the Registrar of Companies in relation to the charge created with respect to the Hypothecated Assets; It shall execute all such deeds. documents and assurances and do all such acts and things as the Debenture Trustee may require (including necessary filings I registration wtth Central Registry under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 if required); The Company has complied with and will comply with all applicable provisions of the Act and aU other applicable laws in respect of the Debentures; The Company has not ta~en any corporate action for its winding-up, dissolution, admlnistralion, reorganization or for appolnlment of receiver, administrator of the Company or all or any of its assets or undertakings: There is no litigation, proceeding or dispute, pending or threatened against the Company in the know1edge of lhe Company, the adverse determination of which would substantially affect the Company's ability to Redeem the Debentures or have a materially adverse effect on the financial condition of the Company; The Company covenants with the Debenture Trustee that in case the Company fails to create security herein even aner the expiry of the three months from the closure of issue, the Company shall within 21 (twenty-one) days theleafter convene the meeting of the Debenture Holders/ the Beneficial Owners to explain the reasons for the delay in creation of security and indicate the date by which the security would be created and seek their approval for the same. Ca_rry out and conduct its business with due dil_Jgence and efficiency and in accordance with sound engineering, technical, managerial and financial standards and business practices with qualified and experienced management and person1J!81. Utilise the monies received towards subscription of the Debentures fO! Long lerm augmentation and general business purposes of funds and at the end of each financial year shall furnish to the Debenture Trustee a statement showing the manner in which the said monies have been ul~ised from the Statutory Auditors of lhe Company. That 11)8 Company shall ensure that during the currency of the said Debentures the Company shaO maintain minimum asset cover ratio at all times and also maintain the debt equity ratio as per the applicable law. Furnish to the Debenture Tr\/stee a certificate from a Company's Statutory Auditors In respect of the ulUlsallon of funds raised by the issue of the Debentures. Tlie Company shall conduct review at least once a year by a C(edlt rating agency with respect to the Debentures and shall promptly initimate the Debenture Trustee in case of any revision in the rating, Keep proper books of account as required by the Acl and therefr, make true and proper entries of all deafings and transactions of and in relation to the Hypothecated Assets and the business of the Company and keep the said books of account and all other books, registers and other documents relating to the affairs of the Company at its registered office or, where permitted by law, at other place or places where the books of account and documents of a similar nature may be kept and the Company will ensure that all entries in the same relating to the Hypothecated Assets and the business of the Company shall at all reasonable times be open for inspection of the Debenture Trustee and such person or persons as the Debenture Trustee shall, from time to lime, in writing for that purpose, appoint. Glve l.o tl1e Debenture Trustee or to such person or persons as aforesaid such information as they or he or any of them shaU require as fo all matters relating to the business, property and affairs of the Company and at the time of the issue thereof lo lhe shareholders of the Company furnish to the Debenture Trustee three copies of every report, balance sheet, profrt and loss account, circulars, or notices, issued lo the shareholders and the Debenture Trustee shall be entlUed, if they think fit, from lime to time, to nominate a firm of Chartered Accountants to examine the books of account, documents and property of the Company or any part thereof and to investigate the affairs thereof and the Company shall allow any such accountant or agent to make such examination and investigation and shall furnish him wilh all such information as he may require and shall pay all costs, charges and expenses of and incidental lo such examination and investigation. Forthwith give notice in writing to the Debenture Trustee of commencement of any proceedings directly affecting the Hypothecated Assets. DDlgenUy preserve its corporate existence and stallJs and all rights, contracts, prlvlleg~s. franchises and concessions now held or hereafter acquired by it ,n the conduct of its business and that ii will comply with applicable to the Hypotheealed Assets or any such acts, rules, regulations. orders and directions and pending the determination of such contest may· postpone compliance !herewtl h If the rights enforceable under the Debentures or the security of the Debentures ls not tl:)ereby materially endangered or impaired. The Company will not do or voluntarily suffer or permit to be done any act or thing whereby its right to transact its business might or could be terminated or whereby payment or the Principal Amount of or Interest on the Debentures might or would be hindered or delayed. Brindavan, Plot No. 177, C.S.T Road Kalina, Santacruz (East) T +91226212 5000 / 5555 F +91 22 6621 7509 Mumbai 400 098, Maharashtra, India CIN: L67120MH2008PLC181833 E igrc@ltfs.com Status of Compliance as per Management Complied Complied Complied NA No such event occurred No such event occurred. Charge was created for all the issuance and after redemption of NCDs, charge satisfaction was filed within statutory timelines Complied Complied Complied Complied CornpUeCI Compiled Compiled No such event occurred No such event occurred WWW.LTFINANCE.COM
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@ l &T Finance Sr. No. Reference 27 34 (b) (i) (K) of DTD 28 34 (b) (i) (M) of DTD 29 34 (b) (i) (N) of DTD 30 34 (b) (i)(O ) of DTD 31 34 (b) (i) (P) ol DTD 32 34 (b)(i) (Q) of DTD 33 34 (b) (i) (R) of DTD 34 34 (b) (i) ($) of DTD 35 34 (b)( i)(T) of DTD 36 34 (b)(i) (U) of DTD 37 34 (b)(i) (V) of DTD 38 34 (b) (i)(W) of DTD 39 34 (b)(i )(Y) of DTD 40 34 (b)(i) (Z) of DTD 41 34 (b)(i) (AA) of DTD 42 34 (b)(i)(BB)of DTD 43 34 (b)(i)(DD ) of DTD 44 34 (8) (i) (FF) of DTD 45 34(8) (ii) of DTD L&T Finance Limited Registered Office Covenant Description given by Debenture Trust Deed (OTD) Pay a~ such stamp duty (including the stamp dufy or any additional stamp duty payable 1r -any on Ws doCUmenl), oiner c,utieS, taxes, cnatges and penalties, if and when the Company may be required to pay according to the laws for the tlmebetng In force. and in tho cveru o1 the Company failing lo pay such stamp dut:,,, Olht-r duties, taxes and penalties as aforesaid, the Debenture Trustee will be at liberty (bul shall nol be bO!Jnd) 10 pav 1t,e same and lhe COffloanv shall re,mb- the same IO 1he Debenlure Truslee a,, demand Pfompfly 111rom1 lhe Det>e~ruro Truslee if it has notice of any appUtatiofl Jo, lnsolvcncy o, winding up o, Uquldallon navlng been made ar as,y statU10ry notice of winding up under the Act or otherwise of any suit or other legal pt6cass lnlontletl to be filed or inllialed againsl the Company and affecting the Ulte to the Company's properties or lf a Receiver 1s appointed or any of Its properties or business or ld>dettal<lng: Promptly inform the Debenture Trus.tee of (ho happening of any labour strikes, k>c.kouts, Shul downs, fires or any event ld<cty to nave a s:tJbstantiol effect on lhe Company's profits or business and of any material changes 1n the rale of production or saleS of ltm Companyw 11n an exptanalkm of the masons thaeloro PrompUy lnlonn tne Oet>enturo Trustee of any loss or dsmage which the Company to any force majeure circumstances or act of God. ""'has earthouako. flood, tern""' ' or lvohoon. eic_ aQainst Which the Comoany mav nol na,ie in<ured lls o"'oe,ties Sucm11 to lhc OotJenl.uf'c Trustee ils duly audited annual aetol61ts wllt,:ln six months from lhe close ol its accounting year In case stau.,1;or; audit (if required) 1s not likely lo be comple ted during this period, the Company shall gel its accounts audited by an independent firm al Crwtereo Acc:ouo1an1s and furnish the same 11> the Deocnlllro Trus1ee S1'1.all submit to the Debenture Trustee the Asset Cova, (ACRl certificate duly certified by the Ch.i,rtcred Ac:COllltant every quarter Shall submit quarter1y lnronnalion report, in respect of lhese Debentures in the prescribed format as per the requirement or ll'U! Oebent1.IJ'e Trustee. Submll a quarterty report duly signed by authOtiSec:I officer: to lhe Trustee containing the foll0w1'l9 particulafT (l) Updated list of names and address of all Debenture Holders/ Beneficial Owners, (II) Details of Interest due but unpaid and reasons for the same, (Ill) The number and nature of grievances received from lhe Debenture Holders/ Beneficial Owners and resolved by the Company and (a) resOfved by the Company (b) unresolved by the Company and the reason for the same, and (fV) Statement thal the assets of lhe Company available as secutityal'I? sufficient to dischatge the claims of the Debenture holders I Beneficial Owners as and when the same become due Submit to lhe Stock Exchange for dissemination along wilh the half year1y financial results, a half year1y communication, countersigned by Debenture Trustee, containing inter alia the following Information (I} credit rating, (II) asset cover available, (Ill) debt-equity ratio, (IV) previous due date for the payment of interesVprincipal and whether the same has been paid or not, (V) next due Coupon Paymenl Dale and Redemption Dale, (VI) interest service coverage ratio (VII) debt service coverage ratio (VIII) net worth, (IX) net prom after lax. and (X) earnings per share; P,ompOy inform the Debenture Trustee or any change in its name, any change In Ille composilion or ils Board of directors or eh.lnge in h conouc1 ol ils b\.lsiness: The Cocn.pany .stm,11 w,1hln 180 days rrom the end of the noaooa& year, submit a copy of the latest annual report to the Debenture Trustee and the Debenture Trustee shall be obliged lo share the details submitted under this Clause with all other existing Debenture Hoklef.11 within two wor1doo ctavs of lneir soec1rrc reQllCSt Promptly and cxped,tlously attend to and redress llle 9nevances, ,r any, of the Debenture Hold~ . The Company lur1M< undef1akes lhal fl shall promptly comply w lh the suggestions and directions that may be given in lhis regard, from time io time. by the OebOrnute Tn.Jstee and shall adv/so tnc Debct1ture Trustee periodlclltlY 01 the compt,ance. Complywilh all regulalery enc other requiremenls as SQearied by the rekMJnt governmental authorities and Stock E.xchanga from time to time and ensure compliance with applicable laws, the debt li.stlr,g agreement entered into with lhe slack exchanges, the Offer Document, The Company WIJ inform lhe Debenture Trustee ab0u1 any cnango in nature and conduct cf business which would afrecl 1he 1<vooll1ecated Assets,i"d anv oroor. d,rOCJion ol anv cout1 or llibW1al alfec~n11 the li!lll01/lecated Assets The Company undertakes to pay the Interest and Principal Amounl or such Debentures to lnO Debenlurn Holders as and when it beCOmes due. as 0Q1' Intl 1emis or the oiler. Tile Company shall submit such intonnatlon as may be reasonably required by the Debenture Truslce The Company shall, on quarteny basis furnish to the Det,er,n,,e Trustee, the following certificates: a Certificate rrom an independent chartered accountant giving the value of book receivables/book debts of the Company Additional cover-ants relal ed to security crealion, defaull in p.av,nent--ano otner ciefaulls and delay in listing Negowo COVCMOIS The Company hereby oovcnatlls with tho Oebenlure Trustee tnat dunng Ille con1lnuance of tne Oetienlures, wllhoul the pno, written approval ol the Ocbentu1e-Tn,stee. the Company shall not (Al Declare any dividend lo lls-Sharenolders during any r.nancla! year unloSs II ha$ paid I.he Pnnc,pal An,oun t and Co<,pon due and pi,yable on Ille Debentures. or nas made p"'vtsion satisfacloty 10 the DetK:nture Trustee for making suc:l'I paymen (8) Se! or dlspase ol or assign ll1e 1-lypalheeated Assets or any p"'1 thereof or creato thereon any nypotnecalicm. mOttgaga, leaso. lien or cn.arge or otner encombi:anc-e ol ~ny l<fnd wl"lalsoev0:r. and (C) Create any m0/!91190. lease, hen or ci,arge orotner encumbrance ol any kind wnatsoeveron !he !iypOthecatea Assols. Brindavan, Plot No. 177, C.S.T Road Kalina. Santacruz (East) T +91 22 6212 5000 / 5555 F +91 22 6621 7509 Mumbai 400 098, Maharashtra, India CIN: L67120MH2008PLC181833 E igrc@ltfs.com Status of Compliance as per Mana.aement Complied No such event Occurred No such event Occurred No such evenl Occurred Complied Complied Complied Complied Complied Complied NA Complied complied, however lhe record date int1ma1ion for interest l)a)'TTlent pertaining to ISIN INE498L07210(oon-convertible debentures issued on a private placement basis) was filed with the National Stock Exchange of India Limited (•NsE •) on Tuesday, June 23, 2026, leading to an inadvertent and technical delay of 2 days In relatkm lo the aforesaid, the NSE has vide its letter dated August 28, 2026, levied a fine of Rs 10,000 (excluding taxes) under Regulation 60(2) of the SEBI (Listing Obligations and Oisck>sure Requiremenls) Regulations, 2015 The Company has promptly remitted lhe requisite fine on September 1, 2026_ No such event occurred Complied Complied Complied No such event occurred ror delay in listing No such evenl occurred WWW.LTFINANCE.COM
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@ l&T Finance Sr. No. Reference Covenant Description given by Debenture Trust Deed {OTO} 46 5.'1 of DTD General UndMlikings ond Cov!nants The Company shall as required by Section 88 of the Act, keep at its registered office/ corporate office a Register of the DebentureHolder(s) holding Debentures, in physical form showing (a) the name and address and the occupallon. if any, of each holder, (b) the amount of the Debentures held by each holder distinguishing each Debenture by ,ts number and the amount paid or agreed to be considered as paid on those Debentures, (c) the date on which ea.th person was entered in the Register as a Debenture Holder, (d) lhe date on which any person ceased to be a Debenture Holder, and (e) the subsequent transfers and dianges of ownership thereof. 47 5. 1 ofDTD • 5.1.5 So long as the Oebenwre 11older(s) continue to hold the Debentures. the Company agrees and onderlilkes to comp!) with alt Applicable Laws Including the Companies Act, 2013, aH p•ovlslons or appUcable SEBI regu1atloos lncloding SEBI (Debenture Trustee Regulations. 1993 (as amended from Ume to UmeJ, SEBI (tssue and Listlog of Non- ConvertJ'ble Securities) Regulations, 2021 (as amendeJ1 from Ume to time). SEBt (LlsUng Obllgationund Disclosure RequlremenlS) Regulabons. 2015 (as amended from Ume to time). the debt flstfng agreement en1~ Into with the stod\ exchanges (where the Debentures are lisll!d/ proposed to be listed), This Deed is also subje<;l to such guidelines as may be Issued by SEBI, Government of India, such other s1atutory or regulatory autt,oriUes from time IO Ume. 48 5.1 ofDTD • 5.1.8. The Company shaTI create and maintain a reserve to be caUed tile "Recovery Expense Fund" as per the provislons ol and in the manner pro ded In the SEBI (Oebenwre Trustee) Amendment Regulations. 2020. th<! SEBI REF c,rcuta, and any.guidelines and regulallons issued by SES!. as applicable. The Recovery Expense Fund shall be.created 10 enable lho Debe11ture Trus1ee lo la~e prompt action u, <elation 10 the enforcemenl of tbeSecu~ty in a COO/dance with lhe TransacUon Ocx:umenlS, The Company shaU submit lo the Trusiee cerOOcate duty certifil!ll by the statuto!) audftor,iindependentchartered accountanV1e1ter from designated stock ·exchange certifying crnaUon and the form of such Reeove,y E~pense Fund by the Company p~or to the openu,g of the issue TIie balance In the Recovery Expense Fund stiall be refunded lo the Company on repayment or Secured Obligations 10 the Oebenture Holde,s fo, which a 'No Ob)<lct on Cenl~cate (NDCY shall be Ir.sued by the Deb<!llture Tnlstee(sJ 10 the designated stoell exchange, The Debenture Trus1ee(s) shall satisfy that there is no 'defaulr on any other llSled debt securilieS of Iha Company before Issuing the said NOC, 49 5.2 of DTD and Information Coven.an1s Schedule Fifth The Compaf\yshaU provide the relevant information set out in the Schedule hereto, in the manner and within the time periOd stipulated herein. 50 8 (B)(i)(31)ofDm Enforcem8flt and Realisation related covenants In terms of Clause 3.2 of the SEBI Circular dated 23,06.2020, the Issuer hereby submits the following Bank Account details from which it proposes to pay the redemption amount and hereby pre-authorise Debenture Trustee to seek debt redemption payment related Information from the said bank The Issuer hereby submits a letter duly acknowledged by the said bank agreeing to provide debt redemption payment related infonnation to the Debenture Trusiec. 51 8 (vii) of DTD As and if applicable, shall confonn with the guidelines issued in respect of the Inter Creditor Agreement (!CA) by the ReQulatorv Authorities from time to time, 52 8 (viii) of DTD Promptly inform the-Debenture Trustee Lf ii has received notice at any appflcation ror corporate resolution process o, any statutOfY notice of winding up or corporate resolution process under the Insolvency and Bankruptcy Code, 2016, as amended and the Companies Act or if a receiver is appointed on business or undertaking. 53 8 (vi) of DTD Issuer hereby undertakes that cMrge ,;nan be r«3lstered with Sub Registrar, ROG. CERSAI, Oepos;lo!y etc. as aoollcablc. within 30 days of creation of charge. 54 a (Bl (i) (18) of om Promptly Inform Debenture Trustee of .any snonfan or def,ch,ncy In maintaining lhe minimum SeclJrily Cover NOTE:• il The assets offered as security are loans and fixed deposits given by the company and hence not eligible for market valuation ii) The register of Debentures holder holding Debentures is maintained by Registrar and Transfer Agent which is available-in electronic form. L& T Finance Limited er-Treasury Operations Place-Mumbai Date -October 15th, 2026 L&T Finance Limited Registered Office Brindavan, Plot No. 177, C.S.T Road Kalina, Santacruz (East) Mumbai 400 098, Maharashtra, India CIN: L67120MH2008PL'C181833 T +91226212 5000 / 5555 F +91 22 6621 7509 E igrc@ltfs.com Status of Compliance as per Management I Complied I I Complied I Complied Complied Complied No such event occurred I I No such event occurred Complied No such event occurred L& T Finance Limited Sachlnn Joshi Chief Financial Officer WWW.LTFINANCE.COM
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e l &T Finance L& T Finance Limited Outstanding Secured Non Convertible Debenture (including interest accrued) as at Sept 30th 2026 ISIN No. Prod Type Description INE027E07964 Non Convertible Debenture INE027E07972 Non Convertible Debenture 1NE027E07980 Non Convertible Debenture INE027E07998 Non Convertible Debenture INE027E07AK3 Non Convertible Debenture INE027E07AL1 Non Convertible Debenture INE027E07AM9 Non Convertible Debenture INE027E07AN7 Non Convertible Debenture INE027E078B0 Non Convertible Debenture INE027E07BC8 Non Convertible Debenture INE691107DW6 Non Convertible Debenture INE691107EJ1 Non Convertible Debenture INE691107E01 Non Convertible Debenture INE691107EU8 Non Convertible Debenture INE691107EU8 Non Convertible Debenture INE691107EX2 Non Convertible Debenture INE476M07AS8 Non Convertible Debenture INE027E07CK9 Non Convertible Debenture INE027E07CL7 Non Convertible Debenture INE027E07CL7 Non Convertible Debenture INE027E07CL7 Non Convertible Debenture INE027E07CN3 Non Convertible Debenture INE027E07C01 Non Convertible Debenture INE027E07C01 Non Convertible Debenture INED27E07C01 Non Convertible Debenture INE235P07050 Non Convertible Debenture INE235P07142 Non Convertible Debenture INE235P07159 Non Convertible Debenture INE235P07191 Non Convertible Debenture INE235P07209 Non Convertible Debenture INE235P07506 Non Convertible Debenture INE235P07514 Non Convertible Debenture INE235P07548 Non Convertlble Debenture INE235P07555 Non Convertible Debenture INE235P07571 Non Convertible Debenture INE235P07738 Non Convertible Debenture INE235P07944 Non Convertible Debenture INE235P07951 Non Convertible Debenture INE235P07969 Non Convertible Debenture INE23SP07977 Non Convertib le Debenture. INE235P07AC5 Non Convertible Debenture INE235P07AD3 Non Convertible Debenture INE235P07AE1 Non Convertible Debenture INE235P07AF8 Non Convertible Debenture INE235P07AG6 Non Convertible Debenture INE235P07AH4 Non Convertible Debenture INE235P07Al2 Non Convertible Debenture INE235P07AJO Non Convertible Debenture INE23SP07AK8 Non Convertible Debenture INE235P07AL6 Non Convertible Debenture INE691107EJ1 Non Convertible Debenture INE691107E01 Non Convertible Debenture INE498L07012 Non Convertible Debenture INE498L07012 Non Convertible Debenture INE498L07020 Non Convertible Debenture INE498L07020 Non Convertible Debenture INE498L07038 Non Convertible Debenture INE498L07038 Non Convertible Debenture L&T Finance Limited Registered Office Brindavan. Plot No. 177, C.5.T Road Kalina, Santacruz (East) Mumbai 400 098, Maharashtra, India CIN: L67120MH2008PLC181833 Mode of Issue Public Issue Public Issue Public Issue Public Issue Public Issue Public Issue Public Issue Public Issue Public Issue Public Issue Private Placement Private Placement Private Placement Private Placement Private Placement Private Placement Private Placement Private Placement Private Placement Private Placement Private Placement Private Placement Private Placement Private Placement Private Placement Private Placement Private Placement Private Placement Private Placement Private Placement Private Placement Private Placement Private Placement Private Placement Private Placement Private Placement Private Placement Private Placement Private Placement Private Placement Private Placement Private Placement Private Placement Private Placement Private Placement Private Placement Private Placement Private Placement Private Placement Private Placement Private Placement Private Placement Private Placement Private Placement Private Placement private Placement Private Placement Private Placement Oustanding amount (including interest accured) as on 30th Type of Charge Sept, 2026 Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive T +91 22 6212 5000 / 5555 F +91 22 6621 7509 E igrc@ltfs.com 8,41,57,278.68 l,16,65,4l,09Ll7 70,55,643 .05 1,02,19,61,295.17 10,95,22,200 ,88 3,66,74,42,422 .99 45,63,975.47 17,55,14, 753 . 71 26,66, 73,569.32 4,24,79,55,447.30 50,25,53,537 .69 58,16 ,93,561.64 1,21,76,21,558.90 1,00,46,16,986 ,30 50,23,08,493.15 15,86,11,64,383,56 10,73,37,274 .68 2,88,88,90,068 .49 2,09,55,67 ,123.29 1,49,30,91,575 .34 2,93,37,93,972.60 1,45,93,39,835 .62 2,56,88,21,917 .81 1,13,02,81,643.84 77,06,46,575 .34 1,05, 73,55,068.49 15,94,69,356 .16 10,63,12,904 ,11 5,26,19,000,00 5,26,19 ,000.00 1,10,82,24,355 .00 27,09,59,540 .87 81,02,03,424.66 1,40,22,83,287 .67 26,77,51,359.00 1,07,90,14,520 .55 21,12,62 ,538,63 7,01,13,03,569.06 12,98,65,643 .84 16.59,47,671 .23 27,99,06,027.40 27,99,06,027.40 27,99,06,027.40 27,99,06,027.40 27,99,06,027.40 10,67,52,054.79 10,67,52,054 .79 10,67,52,054. 79 10,67,52,054. 79 10,67,52,054 .79 2,32,67,74,246 .58 2,56,48,64,189 .04 5,30,14,38,356.16 1,59,04,31,506 .85 2,16,18,71 ,027.40 2,33,06,02,424.66 3,13,54,52,054.79 1,04,51,50,684 .93 Exhlblt•l Security Margin Total Asset Cover Required 100 8,41,57,278.68 100 1,16,65,41,091.17 100 70,55,643 .05 100 1,02,19,61,295.17 100 10,95,22,200 .88 100 3,66,74,42,422 .99 100 45,63,975.47 100 17,55,14, 753. 71 100 26,66, 73,569.32 100 4,24,79,55,447.30 100 50,25,53,537 ,69 100 58,16,93,561.64 100 1,21,76,21,558.90 100 1,00,46,16,986 ,30 100 50,23,08,493.15 125 19,82,64, 55,479 .45 100 10,73,37,274.68 100 2,88,88,90,068.49 100 2,09,55,67,123.29 100 1,49,30,91,575 .34 100 2,93,37,93,972.60 100 1,45,93,39,835 .62 100 2.56,88 ,21,917 .81 100 1,13,02,81,643.84 100 77,06,46,575 .34 100 1,05, 73,55,068.49 100 15,94,69,356 ,16 100 10,63,12,904.11 100 5,26,19,000 .00 100 5,26,19 ,000 .00 100 1,10,82,24,355 .00 100 27,09,59,540.B7 100 81,02,03,424.66 100 1,40,22,83,287 ,67 100 26,77,51,359.00 100 1,07,90,14,520 ,55 100 21,12,62,538 ,63 125 8,76,41,29,461.33 100 12,98,65,643 .84 100 16,S9,47,671.23 100 27,99,06,027 .40 100 27,99,06,027.40 100 27,99,06,027.40 100 27,99,06,027.40 100 27,99,06,027.40 100 10,67,52,054.79 100 10,67,52,054 ,79 100 10,67,52,054.79 100 10,67,52,054. 79 100 10,67,52,054 .79 100 2,32,67,74,246 .58 100 2,56,48,64,189.04 100 5,30,14,38,356.16 100 1,59,04,31,506 ,85 100 2,16,18,71,027.40 100 2,33,06,02,424.66 100 3,13,54,52,054 ,79 100 1,04,51,50,684 ,93 WWW.LTFINANCE.COM
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ISIN No. Prod Type Description Mode of Issue INE498L07038 Non Convertible Debenture Private Placement INE498L07046 Non Convertible Debenture Private Placement INE498L07053 Non Convertible Debenture Private Placement INE498L07038 Non Convertible Debenture Private Placement INE498L07046 Non Convertible Debenture Private Placement INE498L07038 Non Convertible Debenture Private Placement INE498L07046 Non Convertible Debenture Private Placement INE498L07046 Non Convertible Debenture Private Placement INE498L07087 Non Convertible Debenture Private Placement INE498L07103 Non Convertible Debenture Private Placement INE498L07111 Non Convertible Debenture Private Placement INE498L07012 Non Convertible De.benture Private Placement INE498L07111 Non Convertible Debenture Private Placement INE498L07111 Non· Convertible Debenture Private Placement INE498L07111 Non Convertible Debenture Private Placement INE498L07111 Non Convertible Debenture Private Placement INE498L07111 Non Convertible Debenture Private Placement INE498L07129 Non Convertible Debenture Private Placement 1NE498L07129 Non Convertible Debenture Private Placement INE498LD7129 Non Convertible Debenture Private Placement INE498L07129 Non Convertible Debenture Private Placement INE498L07129 Non Convertible Debenture Private Placement INE498L07137 Non Convertible Debenture Private Placement INE498L07137 Non Convertible Debenture Private Placement INE498L07137 Non Convertible Debenture Private Placement INE498L07129 Non Convertible Debenture Private Placement INE498L07129 Non Convertible Debenture Private Placement INE498L07129 Non Convertible Debenture Private Placement INE498L07129 Non Convertible Debenture Private Placement INE498L07137 Non Convertible Debenture Private Placement INE498L07145 Non Convertible Debenture Private Placement INE498L07038 Non Convertible Debenture Private Placement 1NE498L07160 Non Convertible Debenture Private Placement INE498L07160 Non Convertible Debenture Private Placement INE498L07160 Non Convertible Debenture Private Placement INE498L07178 Non Convertible Debenture Private Placement INE498L07186 Non Convertible Debenture Private Placement INE498L07194 Non Convertible Debenture Private Placement INE498L07202 Non Convertible Debenture Private Placement INE498L07202 Non Convertible Debenture Private Placement INE498L07202 Non Convertible Debenture Private Placement INE498L07202 Non Convertible Debenture Private Placement IN E498L07202 Non Convertible Debenture Private Placement INE498L07210 Non Convertible Debenture Private Placement INE498L07210 Non Convertible Debenture Private Placement INE498L07210 Non Convertible Debenture Private Placement INE498L07210 Non Convertible Debenture Private Placement INE498L07210 Non Convertible Debenture Private Placement INE498L07210 Non Convertible Debenture Private Placement INE498L07210 Non Convertible Debenture Private Placement INE498L07210 Non Convertible Debenture Private Placement INE498L07210 Non Convertible Debenture Private Placement INE498L07228 Non Convertible Debenture Private Placement INE498L07228 Non Convertible Debenture Private Placement INE498L07202 Non Convertible Debenture Private Placement INE498L07202 Non Convertible Debenture Private Placement INE498l07202 Non Convertible Debenture Private Placement INE498L07202 Non Convertible Debenture Private Placement INE498L07202 Non Convertible Debenture Private Placement INE498L07228 Non Convertible Debenture private Placement INE498L07228 Non Convertible Debenture Private Placement INE498L07152 Non Convertible Debenture Private Placement INE027E07B03 Non Convertible Debenture Private Placement INE691107240 Non Convertible Debenture Private Placement INE027E07CQ6 Non Convertible Debenture Private Placement INE498L07095 Non Convertible Debenture Private Placement INE498L07095 Non Convertible Debenture Private Placement Total assets hypothecated as on 30th Sept 2026 - Rs.28,278.66 crores inance Limited '<'~p...VY,q cf tered Office 'i'r\, i L&TF Regis Brind Kalina Mumb CIN: L avan. Plot No. 177, C.S.T Road l co Char eredt • I , Santacruz (East) Accountan 5 * * ai 400 098, Maharashtra, India 4j 11-' 67120MH2008PLC181833 UM€! 8 l&T Finance Oustanding amount (including interest accured) as on 30th Type of Charge Sept, 2026 Security Margin Total Asset Cover Required Exclusive 2.09,03,01,369 .86 100 2,09,03,01,369 .86 Exclusive 2,89,01,26,645 .21 100 2,89,01,26,645.21 Exclusive 1,75,99,62,462.69 100 1,75,99 ,62,462 .69 Exclusive 52,25,75,342.47 100 52,25,75,342 .47 Exclusive 51,06,23 ,082 .19 100 51,06,23,082.19 Exclusive 1,04,51,50 ,68 4,93 100 1,04,51,50,684 .93 Exclusive 51,06,23,082 ,19 100 51,06,23,082 .19 Exclusive 51,06,23,082 .19 100 51,06,23,082. 19 Exclusive 3,21,66,34,849 .32 100 3.21,66,34,849 .32 Exclusive 5,31,00,00,000 .00 100 S,31,00,00,000 .00 Exclusive 3,77,69,17,512.33 100 3,77,69,17,512.33 Exclusive 1,69,64,60,273.97 100 1,69,64,60 ,273 .97 Exclusive 78,68,57,815 .07 100 78,68,57,815.07 Exclusive 78,68,57,815.07 100 78,68,57,815.07 Exclusive 52,45, 71,876 .71 100 52,45,71,876 .71 Exclusive 2,62,28,59,383 .56 100 2,62,28,59,383.56 Exclusive 52,45, 71,876.71 100 52,45,71,876 .71 Exclusive 5,17,57,924 .11 100 5,17,57,924.11 Exclusive 46,58,21,316.99 100 46,58,21,316.99 Exclusive 1,55,27,37,723 ,29 100 1,55,27,37,723.29 Exclusive 51,75,79,241.10 100 51,75,79,241 .10 Exclusive 2,58,78,96,205 .48 100 2,58,78,96,205.48 Exclusive 2,03,71,32,317.81 100 2,03, 71,32,317 .81 Exclusive 4,58,35,47,715 .07 100 4,58,35,47,715.07 Exclusive 1,01,85,66,158. 90 100 1,01,85,66,158 .90 Exclusive 2,58, 78,96,205.48 100 2,58,78,96,205.48 Exclusive 2,58,78,96,205.48 100 2,58,78,96,205.48 Exclusive 51,75,79,241 ,10 100 51,75,79,241.10 Exclusive 2,07,03,16,964.38 100 2,07,03,16,964 .38 Exclusive 9,16,70,95,430 ,14 100 9,16,70,95,430.14 Exclusive 9,19,78,84 ,109.59 100 9,19,78,84,109 ,59 Exclusive 4,18,06,02,739 .73 100 4.18,06 ,02, 739, 73 Exclusive 7,36,03,11,232 .88 100 7,36,03, 11,232.88 Exclusive 50,76,07 ,671. 23 100 so, 76,07,671 .23 Exclusive 2,28,42,34,520.55 100 2,28,42,34,520.55 Exclusive 2,50,29,27,753 .42 100 2,50,29,27,753 .42 Exclusive 2,59, 70,21,9 17 ,81 100 2,59,70,21,917.81 Exclusive 11,17,49,27,054 .79 100 11.17,49,27,054. 79 Exclusive 25,51,24,953.42 100 25,51,24,953.42 Exclusive 10,20,49, 981.37 100 10,20,49,981 .37 Exclusive 1,17,35 ,74,785 .75 100 1,17,35,7 4,785.75 Exclusive 1,53,07,49,720.55 100 1,53 ,07,49,720 .55 Exclusive 2,04,09,99,627 40 100 2,04,09,99,627.40 Exclusive 4, 73,58,60,657.85 100 4,73,58,60,657 .85 Exclusive 86,56,94,958.96 100 86,56,94,958.96 Exclusive 76,38,48,493.20 100 76,38,48,493 .20 Exclusive 15,27,69,698.64 100 15,27,69,698 .64 Exclusive 61,10,78,794.56 100 61, 10, 78,79 4.56 Exclusive 2,34,24,68, 712.48 100 2,34,24,68, 712.48 Exclusive 25,46,16,164.40 100 25,46,16,164.40 Exclusive 25,46,16 ,164.40 100 25,46,16,164.40 Exclusive 5,29,60,16,219.53 100 5,29,60, 16,219 .53 Exclusive 3,50,22,54,882.19 100 3,50,22,54,882.19 Exclusive 1,50,09,66,378.08 100 1,50,09,6 6,378.08 Exclusive 76,53,74,860.27 100 76,53,74,860 .27 Exclusive 2,04,09,99,627.40 100 2,04,09,9!1,627 .40 Exclusive 1,78,58,74,673.97 100 1,78.58.74,67 3.97 Exclusive 51,02,49,906.85 100 51,02,49,906 .85 Exclusive 2,39,81,74,562.19 100 2,39,81,74,562 ,19 Exclusive 5.00.32.21,260.27 100 5,00 ,3 2,21,260 .27 Exclusive 6.50,41.87.638 .36 100 6,50,41 ,87,638 .36 Exclusive 2.45, 79.06,'558 .54 100 2,45, 79,06,558 ,54 Exclusive 10,27,36,98,630 .14 125 12,84 ,21, 23,287 .68 Exclusive 2,18,61,36,983.60 125 2, 73,26, 71,229 .50 Exclusive 16,06,23,34,2 46,58 125 20,07, 79,17,808 .23 Exclusive 5,01,94,79,452 .05 125 6,27,43,49,315.06 Exclusive 5,01,94,79,452.05 125 6,27,43,49,315 ,06 2,66,19,10,47,175.47 2,81,54,94,46,354 .74 26,619.10 28,154.94 ·r= in<:7.,-, ~or/ 't) "o I _J co b., "'\ T +91226212 5000 / 5555 -~ F +91 22 6621 7509 lf-- E igrc@ltfs.com - WWW.LTFINANCE.C OM
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L&TFini1nccLlmi1ct..1 Stalcmcnl ur sccuri1~- co, er as on Scpl JIJ, 2tl26 (Allamounts11rcRs.incru1 ·cs) ASSETS l "ul111D111 ,\ 1•»1ifnll•f't. P.-operly, plnnl and ('t1uipmenc C.1pital work-in -progress Righl of use ass ets Goodwill Other lnl1111giblr asscls Intangible assels under developmrnl lnveslments l.onns lnvenlories Trnde Recciv~bJes Cash and Cash Equi\-·alcnts Bank Bain nus olher lhnn Cash and Cnsh E.Quivalcnls Others Total ~-.., .... ,.11 (.,imaiat · llit,,Ol r,11141 ¥l J-:\l•lu., iH• ( "harl!l' ~1."'1ft.o1-•• hkl1 1lll•n•1mir.aJc Standa rd Loans Ocb l ru, >1h1ch 11ii~ Cl'rlJlh:Kt,•IJl•in)!. iS$LH'll 11t .... , .. 1an- 28,278 66 28,278.66 n ..... "- '' .. .1.u," 2.705 04 52,912 88 3,675.22 59,293.15 ( \Jkl11,11)/ t '(AMIIIIIF Cu&w.11<: C'UU11111II Cl"r- 1 t•..i1- I'••.., l'ari- l'11»u Chu•~ l'a1i- Pa~ u 011111!.l' \1.'«<•fKII vlltli'l.n l ~t1,_, -.-1.&>J '°)•"I l 'k.u ~•· Sn._vri lJ ;uM.•buffctl-d 11 ~~« u1i1, Debt lur 11h1ch \lwl) sirnrctl U1 T'm i Other asscls un lliisc,·1lirin1,• 1,dn)!.bsuc,J \"f!'IS'\'a o.oo l'unu Jehl huhfrr 11hich lhcu• is Pari - (inclui.1,-.. lkbl for l'•~su ch~•I!•' 11hich lhb n•rlirinlr (nduilinf!_ ih:nu h hsttc'll & ull,rr ,·t11t-rnO ,J.-l.ol) ,t,u ~r) ~,~ .. ,~ IJoul..\ al- 36,812.70 o.oo 36,812.70 lluH&.\'.iw lli..&.\ '•IMII 205 87 000 541 91 182 39 250 7 1 60 00 6.053 61 14,169 52 000 21676 5,073 64 133 88 6,257,54 33,165.83 0,00 f 'll,,lwuui.J Elim innlillfl (a111ouuti11 U.-l!llliH •) llcht amuu111 cunsii.11.'rci.lmun• thanu11,·,•(,Ju.,111 cJ.du,iwrluspari p:1M-Ucl1>1 rl!,t'") ......... , ·.1~, o.oo , .,..u...., t.; rrn1. 1<"•'".tJ ........ , .. """ 205.87 0.00 541.91 182.39 250.71 60.00 8,758.65 1,32,173.76 0.00 236.76 5,073.64 3,809.10 6,257.54 I ,57,550.33 C'lllbiffll 1\I I <'Wllm•\ ........ o :\lurl.,•t \"11lu,· for l'a,r~in)!. /hunk \ ;1lul.' .\\11rl.,.·1 \ alu,• t·an")illl!. 1ulue ll.1onh \sscls d,arl!. •'i.l oo fu, c,clusiw ch:trR•' for l':u·i pa.,~u "'.u:lu~i ll' h11.~j5 \U!,llb 11h,•r.· mHrM•I ch~I )!.c h~l•I~ o.oo 1alu,• i~ not I\Jol'Tll :li1111hk-of " •1•f>lk•l1lr(l- "111. F~ lbul.. lfa1:111n·, IISH \ "™""' , ,dua, ,. ,. ... •pr,lk-.tlikJ 28,278 66 28,278.66 0.00 ,nluc l"m•p:ui p11~su dtllfl!,C 11lwn•m.11l.,•1 ,u lu,·i5 nol >1..ct'"1lain11hl,•ur a r1.tic:ahlt· Wui t-:1!., lb1,I. ll:1l1111u•, llSI{\ 1m11h~I •alu,• h l\lll 11pplirnhl,•) 0.00 1 .... , ..... 1 l ,• \1 1 S •UI 28,278 66 28,278.66
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l.&T t,'inancc Limited Slulcrncnl nl'sccurity cmcr ;as on Sc111 JU, 21126 (All o1rn11u111surc K.s. in croic."1) r••wn,i-,11 C'o-41imr1l."' , ..,,_,,,11aU t;n1\IM, ,. ( Ju.r~ LIAHILITl!:S Dehl securities to which this cerlificale perlains Other debt sharing pari- passu charge with above d,bl Other Dehl (Commercial 1mpers) Subordinated drbl Hank Financial lnslitutioms Others Trade 1111yables Lum~ Liabilities Provisions Others Total Cover on Book Value Cover on M~rkrt Value Uoniplillfl ur t,<h.Pitt' ( 11.,rt:t u:.ctfo r11 hid1 l>,•LI forl\hich lhi" n 1tilk o1 1t·b..-ini: i,...u .. u , ..... ,· .. tw.- 26,619 10 26,619.10 1.06 Exclusive Security Cover Ratio .JO ,,,,. lb-,1.Y•""° 38,332 93 8,494 56 5,747 90 52,575.38 . ·- "' ,.,,. I ~J~ered ~ I m Accountants • * * 4fuMe~ ,w..mat: l'•ri- l'»~u (luJ~ lkllll i111111ich thisi:c1tilk ;1.lc 111.•ini=,h,,u,'tl \ '.-J~ 0.00 c ·u1.-1- • (\_.lv.1J. .. <I (\.l1111mll ( ' .. 11t1wl l'ilri- J'a)!lu ( h :1111-•· r•"ri-f':a,,.w 01,11 ~ ' "'°"' fl!'4' lil4f«fd M l klll 11111 jl.Ht,,..t t., 4"') St t'llfil)- il~b ufft'n ·J ,s "nu, it, h",:h ~lmrctl h' l'~ti 0lher ~"~l'L~ 1111 l'K~suJehl hultln 11 hkh lhe1cisl'11rl- {indu cfo,.J l'111 rur 1•11,.,11 i:h;arl!:e 11l1kh thi~ ,·ulilicnlt' (ndu tlinJ: ikm.( tldll) ~1-u-t;:l'I 11,,-,,,i,11.\'•lla' 1i-..\.th1 r ..... ,_ U....J.\,iliw -2 50 000 9,369 89 1,24 1 25 28,91922 4,545 79 304 3 11 2,074 59 56] 36 80 54 2,423 06 0.00 28,919.22 o.oo 20,333.82 Pari-Passu Security Cover Ratio C\ 1h1,11wtJ t:Jimi 11:1ti1•1 (;arnuunlin lll"j!illiH•) l)l'11I ~n111u111 cu11,.itlerl'Jm111,• lh:munc,:(Jm•lu t'.1.du1,hl'plusp11ri p.1,,such;111t1•) lkiui.\lMw o.oo C6'mn111)\ rr ..... 1, ,,,J) lkoi.,1, \ ',.tu-, 26,616.61 0.00 9,369.89 1,241.25 71,797.93 8,529.30 5,751.00 2,074.59 563,36 80.54 2,423.06 1,28,447,53 :\h11l,,d ' '11lu1· \'n, ( ";1rr)in~ /huuk \aim· :\lml,,ct, 11111,· hM•bdmrt;: ~•Ju11 for ••~du,.h,• ,:h:1111,1• 1"111 1';11i /l~""u EulusiH• l,q.\l" 11,.sl'ls 11hl•U· 111ml,,c1 clmr~· \ ,.,.l'l" 0.00 \;1]Ul'i,.1111l ,1)1:e1lwim1hlr-ur '1 ppliulo!tc(Fol' t:~ ILanl.. Halann-, l>:-i:1~\ n111rl,,l'I ulu,· 1~ 1101 ,111plicHhl\-) o.oo o.oo (i11r)i1lj!\alu1 •/huul. ,alm•forp111i 1111~~u i:h;iri:•· 11~,.._..~ t11bn r ni;ul.,t ,.i..- i,. m,1 .,.n, 111i1111bl,· o• :1pplii:aUlt (Frn 1-:f. ll11 nt. l!:Lhml'c, l>Sl~ \ ma1h.,·I ,ulu,· ii n11I ;1pplkah1l •) 0.00 I r ..... , .,.., ( l.•.\I • ~•Cl) 0.00 /' V'. ~~I I
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A. Statement of utilization of issue Proceeds : Mode of fund Raising Date of Remarks, Name of the Issuer ISIN (Public issue/ private Amount Raised Funds Utilised placement) raising funds if any Type of Any If (8) is yes, then specify Instrument Deviation the purpose of for which (4) (8) the funds were utilized (9) -1 -2 -3 -5 -6 -7 -10 L&T Finance Limited INE498L08069 Private Placement Unsecured 01-07-2026 3,80,00,00,000.00 3,80,00,00,000.00 No . . L&T Finance Limited INE498L07202 Private Placement Secured 07-07-2026 5,00,00,00,000.00 5,00,00,00,000.00 No . - L& T Finance Limited INE498L07228 Private Placement Secured 07-07-2026 5,00,00,00,000.00 5,00,00,00,000.00 No . . L&T Finance Limited INE498L08069 Private Placement Unsecured 13-08-2026 2,00,00,00,000 .00 2,00,00,00,000.00 No - - L&T Finance Limited INE498L07202 Private Placement Secured 20-08-2026 2,35,00,00,000.00 2,35,00,00,000.00 No . . L&T Finance Limited INE498L07228 Private Placement Secured 02-09-2026 5,00,00,00,000.00 5,00,00,00,000 .00 No . . L&T Finance Limited INE498L07228 Private Placement Secured 18-09-2026 6,50,00,00,000.00 6,50,00,00,000.00 No . . L&T Finance Limited INE498L08069 Private Placement Unsecured 29-09-2026 52,00,00,000.00 52,00,00,000.00 No . .
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B. Statement of deviation /variation in use of Issue proceeds: Particulars Remarks Name of listed entity L&T Finance Limited Mode of Fund Raising P1Jblis lss1Jet Private Placements Type of Instrument Non-Convertible Debentures Date of Raising Funds From July 01,2026 to September 30,2026 Amount Raised Rs 3017 Crores Report filed for Quarter ended September 30, 2026 Is there a Deviation/ Variation in use of funds raised NA Whether any approval is required to vary the objects of NA the issue stated in the prospectus/ offer document If yes, details of the approval so required? NA Date of Approval NA Explanation for the Deviation / Variation NA Comments of the Audit Committee after review NIL Comments of the auditors, if any NA Objects for which funds have been raised and where there has been a deviation, in the following table Original Modified Object, if any Origin Modified Funds Amount of Remarks if Object al allocation,if Utilised DeviationNariation for any Allocati any (Rs. In Crs) the quarter according on (Rs. to applicable object In Crs) (in Rs. crore and in %) NA NA NIL NIL NIL NIL NA Deviation could mean: (a) Deviation in the objects or purposes for which -the funds have been raised (b) Deviation In the amount offunds actually utilized as against what was originally disclosed. Name of Signatory : Ravindra Gersappa o~;'"""' ~
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L& T Finance Limited CIN NO : 167120MH2008PLC181833 Regd. Office: Brindavan, Plot No.177, C.S.T. Road, Kalina, Santacruz (East), Mumbai-400 098, Maharashtra, India Website: www.ltfinance.com Email: igrc@ltfs.com Phone: +9122 6212 5000 Fax: +91 22 6212 5553 Rel,lcd patty transaclfons for the sl• months ended September 30, 2026 I' in Crore) Value of the Value of the Value of the Oetalls of the party (listed related related party related party In case any financial entity /subsidiary) party transaction transaction In case monies are due to indebtedness is incurred to Details of the loans, inter-corporate deposits, advances or entering into the Details of the counterparty transaction as ratified by the during the either party as a result of make or give loans, Inter- investments. transaction approved by the audit reporting the transaction corporate deposits, advances audit committee committee period (for or investments s. No. Type of related party transaction for the financial for the the six Opening Closing Nature of Nature (loan/ Interest Tenure Secured/ Purpose for which year 2026-27 financial year months balance las balance (as on indebtedness advance/ Rate unsecured the funds will be Relationship of the 2026-27 ended on April 01, September 30, (loan/ intercorporat (%) utilised by the Name Name counterparty with September 2026) 2026) issuance of Cost Tenure e deposit/ ultimate recipient of the listed entity 30, 2026) debt/ any investments) funds (endusage) other etc.) Close member of 1 L& T Finance limited Ajinkya Anil Parah KMP of the Holding Loan disbursment 0.04 NII 0.04 Loan company 7.20% upto 1 Personal loan 14% -15% upto 1 Unsecured Personal year year consumption 2 L&T Finance limited L&T Financial Consultants Subsidiary Companies Rent and maintenance cost paid (including limited security deposit) 75,00 NII 28.65 22,30 Not Applicable Not Applicable Rent and maintenance cost oaid 25,00 NII 6.72 1.40 3 95 Not Applicable Nol Applicable Professional chan~es & other costs 20,00 Nol 5.33 1.27 198 Not Applicable Not Applicable IT Professional charges paid 20 00 Nol 1.21 . 1.31 Not Applicable Nol Applicable 3 L&T Finance Limited Larsen & Toubro limited Holding Company Brand license fees paid 220.00 Nol 97,08 154.21 105 82 Not Applicable Not Applicable Non convertible debenture (Borrowings) Refer Note 2 NII Not Applicoblo Not Applic•bi<> Interest on non convertible debenture Refer Note 2 NII Not Applicable Not Applicable (Borrowin~s } 4 L&T Finance Limited LTM limited (formerly known Fellow Subsidiary IT Professional fees paid as LTIMindtree Limited) Companies 20.00 Nil 1.53 0.17 0,91 Not Applicable Not Applicable 5 L& T Finance Limited l TM limited (formerly known Fellow Subsidiary Interest on non convertible debenture Refer Note 2 NII 3.02 2,21 Not Applicable Not Applicable as lTIMindtree Limited) Companies (Borrowing) 2,64 6 L& T Finance Limited LTM limited (formerly known Fellow Subsidiary Non convertible debenture (Borrowings) as LTIMindtree limited) Companies Refer Note 2 NII 75.00 50.00 Not Applicable Not Applicable 7 L& T Finance limited Sufin limited Fellow Subsidiary Professional charges & other costs Com.oanies 10.00 Nil 0,44 0.26 Not Applicable Not Applicable 8 l &T Finance Limited L&T Infra Investment Partners Subsidiary Companies Corporate support charges recovered Advisory Private Limited 5.00 Nol 0.63 0.02 Not Applicable Not Applicable 9 L& T Finance Limited L&T Infra Investment Partners Subsidiary Companies Corporate support charges paid Advisory Private Limited 5.00 NII 0.80 0,04 Not Applicable Not Applicable 10 L&T Finance limited L& T Infra Investment Partners Trustee Private Limited Subsidiary Companies Reimbursement of expenses 2 OD NII 0.06 0,06 Not Applicable Not Applicable 11 L& T Finance limited l & T Infra Investment Partners Subsidiary Companies Redemption in Units . NII 13 81 . Not Applicable Not Applicable Interest income on Units NII 17.96 . . 12 L& T Infra Investment Larsen & Toubro Limited Ultimate Holding Brand License fee 0.10 NII 0.01 . 0.01 Not Applicoblo Not Applicable Partners Advisory Pvt Ltd Company Vendor and Payroll Processini: 0.04 Nil 0,01 0,08 0.14 Not Applicable Not Applicable 13 l&T Infra Investment Larsen & Toubro Limited Ultimate Holding Brand License fee 0,05 N,I 0 .. 0 .. o•• Not Applicable Not Applicable Partners Trustee Pvt Ltd Company Vendor and Pavroll Processing 0,05 NII 0" O" O" Nol Applicablo Not Appllcable 14 L&T Financial Consultants Limited Larsen & Toubro Limited Ultimate Holding Professional Fees paid Company 0 50 Nil 0,02 O" 0.32 Not Applicable Not Applicable L&T Financial Consultants Larsen & Toubro Limited Ultimate Holding Brand license fees paid NII 0.71 1.49 Not Applicable Not Applicable ~~/)~~ 15 limited Company 2.00 0.78 ,.,,.. Amount is less than~ SO.ODO/·. /,... r-1 Notes: I otS -l : Remunerations/sitting fees paid by the Company or its subsidiary to its Directors, Key Manaa:erial Personnel and Senior Management Personnel are not material and accordingly disclosure are not made in terms of Regulation 23. .-> ,Q. 2: The above outstanding balance of Non-Convertible Debenture includes purchase and sale from the primary/ secondary and is held by related party as on reporting dates. ~ *