L&T Finance Share Price in Focus; Nabha Power Seeks Reclassification to Public Category

L&T Finance has informed the stock exchanges that it has received a request from Nabha Power Limited (NPL) for reclassification from the 'Promoter Group' category to the 'Public' category. 

The request has been made under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.  

Reclassification Request Received 

The company said it received a letter from Nabha Power Limited dated June 26, 2026, seeking reclassification of its status. 

L&T Finance clarified that Nabha Power currently holds nil shareholding in the company.  

Reason Behind the Request 

According to the filing, the request follows the cessation of Nabha Power as a subsidiary of L&T Power Development Limited (L&T PDL), a wholly owned subsidiary of Larsen & Toubro Limited. 

The change occurred after L&T PDL transferred its entire equity and convertible instruments held in Nabha Power to Torrent Power Limited.  

Board To Consider the Proposal 

L&T Finance said the reclassification request will be placed before its Board of Directors at the ensuing board meeting for consideration. 

The company has not disclosed the date of the meeting.  

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L&T Finance Share Price Performance 

As of 25 June 2026, L&T Finance share price was closed at ₹299.00 per share, reflecting a surge of 0.83% from the previous trading session. 

Conclusion 

L&T Finance has received a request from Nabha Power Limited for reclassification from the 'Promoter Group' category to the 'Public' category following the transfer of Nabha Power's ownership to Torrent Power. The proposal will be considered by the company's Board of Directors in an upcoming meeting.  

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