L&T Technology Services Limited — M&A Activity 2024

Feb 23, 2024

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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

February 23, 2024

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 the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir/Madam,

We wish to inform you that Orchestra Technology Inc. has ceased to be step-down wholly owned subsidiary of the Company w.e.f. February 1, 2024, consequent to its merger with L&T Technology Services LLC, wholly owned subsidiary of the Company.

The details required under Regulation 30 of the 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 enclosed herewith.

This is for your information and record.

Thanking you,

Yours Sincerely,

For L&T TECHNOLOGY SERVICES LIMITED

Prajakta Digitally signed by Prajakta Ashish Ashish Powle Date: 2024.02.23 Powle 16:16:36 +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 2267525858 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
1.	Name of the entity(ies) forming part of the amalgamation/merger, details in brief such as, size, turnover etc.;	Merger of Orchestra Technology Inc (step- down wholly owned subsidiary)/ transferee Company with L&T Technology Services LLC, (wholly owned subsidiary)/ Transferor Company. Turnover for FY 2022-23: L&T Technology Services LLC - INR 8,878 Mn Orchestra Technology Inc - INR 2,540 Mn
2.	Whether the transaction would fall within related party transactions? If yes, whether the same is done at “arm’s length”	The merger is between a step-down wholly owned subsidiary (Orchestra Technology Inc.) with a wholly owned subsidiary (L&T Technology Services LLC). LTTS is not apartyto the said merger.
3.	Area of business of the entity(ies);	Orchestra Technology Inc.: Engineering Solution Company serving Telecom sector L&T Technology Services LLC: Engineering services which include Mechanical Design & Analysis, Embedded Engineering, Applied Engineering,and ManufacturingConsulting
4.	Rationale for the amalgamation/merger	The merger stabilizes the operating cost of entities and results in synergies, efficient utilization of capabilities and resources.
5.	In case of cash consideration - amount or otherwise share exchange ratio	Not applicable, as a step-down wholly subsidiary has been merged with a wholly owned subsidiary.
6.	Brief details of change in shareholding pattern(if any)of listed entity	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 2267525858 L&T Technology Services is a subsidiary of Larsen & Toubro Limited