L&T Finance Limited — Board/Management Information 2021

Mar 19, 2021

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March 19, 2021

National Stock Exchange of India Limited BSE Limited Exchange Plaza, Corporate Relations Department, Plot No. C/1, G Block, 1[st] Floor, New Trading Ring, Bandra - Kurla Complex, Bandra (East), P. J. Towers, Dalal Street, Mumbai - 400 051. Mumbai - 400 001.

Symbol: L&TFH Security Code No.: 533519

Kind Attn: Head – Listing Department / Dept of Corporate Communications Sub: Intimation of re-appointment of Mr. Dinanath Dubhashi as the Managing Director & Chief Executive Officer of the Company

Dear Sir(s) / Madam(s),

Please find below the disclosure pursuant to Regulation 30 read with Schedule Ill Part A Para A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Based on the recommendation of the Nomination & Remuneration Committee of the Company, the Board of Directors at its meeting held today i.e. March 19, 2021 has approved the reappointment of Mr. Dinanath Dubhashi (DIN: 03545900) as the Managing Director and Chief Executive Officer of the Company for a further period of five years i.e., from April 14, 2021 to April 13, 2026, subject to the approval of shareholders and such other approvals, as may be required.

Mr. Dinanath Dubhashi is not debarred from holding the office of directors by virtue of any SEBI order or any other such authority.

The disclosures required to be given pursuant to SEBI circular CIR/CFD/CMD/4/2015 dated September 9, 2015 are enclosed as Annexure A.

We request you to take the aforesaid on records.

Thanking you,

Yours faithfully,

For L&T Finance Holdings Limited

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Apurva Rathod Company Secretary and Compliance Officer

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Annexure A

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DETAILS OF MR. DINANATH DUBHASHI (DIN: 03545900)

	Details of disclosure to beprovided	Disclosure
	Reason for change viz.appointment,resignation,removal, death or otherwise	Mr. Dinanath Dubhashi’s current tenure as the Managing Directorand Chief Executive Officer of the Company expires on April 13,2021. Based on the recommendation of the Nomination andRemuneration Committee of the Company, the Board of Directors atits meeting held today i.e., March 19, 2021, has approved there-appointment of Mr. Dinanath Dubhashi for a further period of 5years w.e.f. April 14, 2021 to April 13, 2026, subject to the approvalof shareholders and such other approvals as may be required
	Date of appointment/cessation (as applicable)	Re-appointed with effect from April 14, 2021
	Term of Appointment	Five years i.e., w.e.f. April 14, 2021 to April 13, 2026, subject to theapproval of shareholders and such other approvals as may berequired
	Brief Profile	Mr. Dinanath Dubhashi is the Managing Director & Chief ExecutiveOfficer (“MD & CEO”) of L&T Finance Holdings Limited (“LTFH”).With a rich experience of over three decades, he has worked inmultiple domains of Financial Services such as Corporate Banking,Cash Management, Credit Rating, Retail Lending & Rural Finance.Mr. Dubhashi has been associated with LTFH since 2007 and hasbeen instrumental in scaling up the retail business operationsmanifold, across customer segments and geographies.During his tenure as MD & CEO, since 2016, LTFH has achievedseveral market leading positions - #1 in Farm Equipment Financefrom #6, #3 in Two-wheeler finance from #7 & as #3 Micro loansfinancier from #8. By financing over 5,328 MW of solar power & over4,337 MW of wind power, LTFH is the largest financier of renewablepower in the country.The strategy roadmap defined under his leadership has transformedLTFH into an organization focused on delivering sustainable topquartile return on equity through decisive strategic choices. For FY19& FY20, LTFH’s RoE was amongst the top-quartile for NBFCs.The increase in retailization of loan book has been built on thefoundations of distinctive digital & analytics-based offering & a robustrisk management framework. Mr. Dubhashi’s focus has been tomodel LTFH into a stable and sustainable organization, built on abase of ‘Assurance’ for all stakeholders.

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Details of disclosure to beprovided	Disclosure
	Prior to LTFH, Mr. Dubhashi was associated with BNP Paribas for10 years, his last assignment being the Regional Head – BusinessDevelopment, based in Bahrain. As a part of his professionaljourney, he has also been associated with organizations such asCARE Ratings and SBI Capital Markets in various capacities.In addition to his responsibilities at LTFH, Mr. Dubhashi has alsobeen co-chairing the FICCI Committee on NBFCs since 2018 andwas recently named the “DX CEO” for ‘Transforming financialservices delivery with digitization’ at the IDC Digital TransformationAwards India, 2020.He is a Postgraduate from IIM Bangalore and holds aB.E.(Mechanical) degree.
Disclosure of relationshipbetween Directors	Mr. Dinanath Dubhashi is not related to any Directors or KeyManagerial Personnel of the Company

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