L&T Technology Services Limited — Capital/Financing Update 2023

Oct 31, 2023

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L&T Technology Services Limited A.M. Naik Tower,6th Floor, L&T Campus, Gate No.3, Jogeshwari-Vikhroli Link Road, Powai, Mumbai-400072. www.ltts.com

October 31, 2023

National Stock Exchange of India Limited Exchange Plaza, Bandra-Kurla Complex Bandra (E), Mumbai- 400 051 NSE Symbol: LTTS

BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400 001 BSE Scrip Code: 540115

Subject: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure – Requirements) Regulations, 2015 Incorporation of an Overseas Wholly Owned Subsidiary

Dear Sir/Madam,

With reference to the above captioned subject, we would like to inform that a wholly owned subsidiary with the name “ L&T Technology Services Poland spółka z ograniczoną odpowiedzialnością” has been incorporated in Poland on October 30, 2023 .

The details required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023 are given in the enclosed Annexure A.

Kindly take the same on record.

Thanking You, Yours sincerely,

For L&T Technology Services Limited

Prajakta Digitally signed by Prajakta Ashish Ashish Powle Date: 2023.10.31 Powle 13:09:15 +05'30' Prajakta Powle Company Secretary & Compliance Officer (M. No. A 20135)

Registered Office: L&T House, N. M. Marg, Ballard Estate, Mumbai - 400 001. INDIA CIN : L72900MH2012PLC232169 Tel: +91 22 6752 5656 Fax: +91 2267525893 L&T Technology Services is a subsidiary of Larsen & Toubro Limited

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L&T Technology Services Limited A.M. Naik Tower,6th Floor, L&T Campus, Gate No.3, Jogeshwari-Vikhroli Link Road, Powai, Mumbai-400072. www.ltts.com

Annexure A

Sr. No.	Particulars	Details
1.	Name of the target entity, details in brief such as size, turnover etc.	“L&T Technology Services Poland spółka z ograniczoną odpowiedzialnością” (Incorporated Company) has been incorporated on October 30, 2023 Authorised capital: PLN 5,000 Size/Turnover: Not applicable (yet to commence business operations)
2.	Whether the acquisition would fall within related party transaction(s) and whether the promoter/promoter group/group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm's length”	The incorporated Company being a wholly owned subsidiary is a related party of the Company. The promoters/promoter group does not have any interest other than as above mentioned.
3.	Industry to which the entity being acquired belongs	Service Industry
4.	Objects and impact of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity)	The main object of the incorporated company: Engineering activities and related technical consultancy, Other research and experimental development on natural sciences and engineering, Specialised design activities, Other technical testing and analysis, Computer programming activities, Computer consultancy activities, Computer facilities management activities, Other information technology and computer service activities, Data processing, hosting and related activities, Business and other management consultancy activities, Office administrative service activities and Public relations and communication activities. Impact of acquisition: As it is newly incorporated company hence there is no impact on the Company.
5.	Brief details of any governmental or	Not applicable

Registered Office: L&T House, N. M. Marg, Ballard Estate, Mumbai - 400 001. INDIA CIN : L72900MH2012PLC232169 Tel: +91 22 6752 5656 Fax: +91 2267525893 L&T Technology Services is a subsidiary of Larsen & Toubro Limited

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L&T Technology Services Limited A.M. Naik Tower,6th Floor, L&T Campus, Gate No.3, Jogeshwari-Vikhroli Link Road, Powai, Mumbai-400072. www.ltts.com

Sr. No.	Particulars	Details
	regulatory approvals required for the acquisition
6.	Indicative time period for completion of the acquisition	Not applicable
7.	Consideration - whether cash consideration or share swap or any other form and details of the same	Cash consideration
8.	Cost of acquisition and/ or the price at which the shares are acquired	Initial subscription to the share capital of PLN 5,000 divided into 100 shares with a nominal value of PLN 50.00 each.
9.	Percentage of shareholding / control acquired and / or number of shares acquired	100% of share capital in the incorporated company will be held by the Company
10.	Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief)	Line of Business: Same as mentioned in point no.4. Date of Incorporation:October 30, 2023 History / Turnover: Not applicable as the incorporated company is yet to commence business operations. Country of incorporation: Poland

Registered Office: L&T House, N. M. Marg, Ballard Estate, Mumbai - 400 001. INDIA CIN : L72900MH2012PLC232169 Tel: +91 22 6752 5656 Fax: +91 2267525893 L&T Technology Services is a subsidiary of Larsen & Toubro Limited