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 17, 2023

National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra-Kurla Complex Phiroze Jeejeebhoy Towers, Bandra (East), Mumbai — 400 051. Dalal Street, Mumbai – 400001 NSE Symbol: LTTS BSE script Code: 540115

Subject: Outcome of Board Meeting as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Ref: Our letter dated September 29, 2023

Dear Sir/Madam,

Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, we hereby submit the following results. These results have been approved and taken on record by Board of Directors of the Company at its Meeting held today i.e., October 17, 2023:

1. Unaudited Consolidated Financial Results of the Company and its subsidiaries, for the quarter ended September 30, 2023, along with the Statement of Assets and Liabilities and the Limited Review Report thereon; and

2. Unaudited Standalone Financial Results of the Company for the quarter ended September 30, 2023, along with the Statement of Assets and Liabilities and the Limited Review Report thereon.

The Board Meeting commenced at 1.30 p.m. and concluded at 3.45 p.m.

Interim Dividend:

The Board of Directors have also declared an Interim Dividend of Rs. 17/- per equity share.

The Interim Dividend shall be paid to equity shareholders of the Company whose names will appear in the Register of Members or in the records of the Depositories as Beneficial Owners of Equity shares as on Friday, October 27, 2023, which is the Record Date fixed for the aforesaid purpose.

Tax Deductible at Source on Dividend:

Pursuant to Finance Act, 2020, dividend income will be taxable in the hands of the shareholders with effect from April 1, 2020. Hence, the interim dividend declared by Board shall be paid after deducting tax at source ('TDS') in accordance with the provisions of the Income Tax Act, 1961. Members are requested to submit all requisite documents on or before October 26, 2023, to enable the Company to determine the appropriate TDS rates, as applicable.

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

The Interim Dividend will be paid/dispatched within 30 days.

The above information is also available on the website of the Company at www.ltts.com.

Kindly take the above information on record.

Thanking You,

Yours sincerely,

For L&T Technology Services Limited

Prajakta Ashish Powle

Digitally signed by Prajakta Ashish Powle Date: 2023.10.17 15:53:07 +05'30'

Prajakta Powle Company Secretary & Compliance Officer (M. No. A 20135)

LEtT Technology Services Limited

Registered Office: L&T House, N.M. Marg, Ballard Estate, Mumbai 400 001 CIN : L72900MH2012PLC232169

Unaudited Standalone Statement of Assets and Liabilities as at September 30, 2023

`Refer Note no. 3

L£tT Technology Services Limited

Registered Office: LET House, N.M. Marg, Ballard Estate, Mumbai 400 001

CIN : L72900MH2012PLC232169

Statement of standalone unaudited financial results for the quarter and six months ended September 30, 2023

Statement of standalone unaudited financial results for the quarter and six months ended September 30, 2023

*Refer Note no. 3

Notes for segment information

a Segments have been identified in accordance with Indian Accounting Standards ("Ind A5) 108 on Operating Segments, considering the risk/return profiles of the business, their organisational structure and internal reporting systems.

b Property, plant and equipment used and liabilities contracted for performing the Company's business have not been identified to any of the above reported segments as the property, plant and equipment and services are used interchangeably among segments.

L&T Technology Services Limited

Registered Office: L&T House, N.M. Marg, Ballard Estate, Mumbai 400 001

CIN : L72900MH2012PLC232169

Unaudited Standalone Statement of Cash Flows for the six month ended September 30, 2023

Notes:

(i) Statement of cash flows has been prepared under the indirect method as set out in the Ind AS 7 "Statement of Cash Flows" as specified in the Companies (Indian Accounting Standards) Rules, 2015.

(ii) Purchase of property, plant and equipment and intangibles represents additions to property, plant and equipment and other intangible assets adjusted for movement of capital work-in-progress of (a) capital work-in-progress for property, plant and equipment and (b) intangible assets.

(iii) Cash and cash equivalents included in the statement of cash flows comprise the following:

Explanatory notes to the statement of standalone unaudited financial results for the quarter and six months ended September 30, 2023

• 1 The standalone financial results for the quarter and six months ended September 30, 2023 have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on October 17, 2023. The statutory auditors have carried out limited review of the above standalone unaudited financial results.
• 2 During the quarter and six months ended September 30, 2023, the Company has allotted 41,864 and 1,01,500 equity shares of Rs. 2 each fully paid-up on exercise of stock options by employees in accordance with the Company's stock option scheme.
• 3 The Company has completed the acquisition of Smart World & Communication ("SWC") business of Larsen & Toubro Limited (L&T) on April 1, 2023. The acquisition has been accounted under the 'pooling of interests' method in accordance with Appendix C of Ind AS 103 'Business Combinations' at the carrying value of the assets and liabilities of the SWC. Accordingly, the Company has restated its previously issued standalone financial results for quarter and six months ended September 30, 2022, and year ended March 31, 2023 to incorporate the results of SWC.
• 4 The Board of Directors at its meeting held on October 17, 2023, has declared an interim dividend of Rs.17 per equity share.
• 5 Figures for earlier periods have been regrouped, wherever necessary.

Mumbai October 17, 2023

For and on behalf of the Board of Directors of L&T Technology Services Li ited

1M111 -

Chief Executive Officer and Managing Director

MSKA Et Associates Chartered Accountants

HO 602, Floor 6, Raheja Titanium Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E) Mumbai 400063, INDIA Tel: +91 22 6238 0519

Independent Auditor's Review Report on standalone unaudited quarterly and year to date financial results of LEtT Technology Services Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To the Board of Directors of LEtT Technology Services Limited

• 1. We have reviewed the accompanying statement of standalone unaudited financial results of L&T Technology Services Limited (the Company') for the quarter ended September 30, 2023 and the year to-date results for the period April 1, 2023 to September 30, 2023 (the Statement') attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (`the Regulations').
• 1. This Statement, which is the responsibility of the Company's Management and approved by its Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 'Interim Financial Reporting' ('Ind AS 34'), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other recognized accounting principles generally accepted in India and in compliance with the Regulations. Our responsibility is to express a conclusion on the Statement based on our review.
• 1. We conducted our review of the Statement in accordance with the Standard on Review Engagement (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 of material misstatement. A review consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
• 1. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other recognized accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

MS KA Et Associates Chartered Accountants

• 1. The standalone financial information for the quarter ended September 30, 2022 and the year to date results for the period April 1, 2022 to September 30, 2022 which was included in the previously issued standalone unaudited financial results of the Company for the quarter and six months ended September 30, 2022 has been restated as per the requirements of Ind AS 103 Appendix C "Business combination of entities under common control" to give effect to the acquisition of the Smart World and Communication division of Larsen Et Toubro Limited ('SWC division') as described in note 3 to the Statement. The financial information of the SWC division that has been included in the restated comparative standalone financial information for quarter ended September 30, 2022 and the year to date results for the period April 1, 2022 to September 30, 2022 has been reviewed by another independent auditor, whose review report has been furnished to us. The adjustments made to the previously issued comparative standalone financial information for quarter ended September 30, 2022 and the year to date results for the period April 1, 2022 to September 30, 2022 to give effect to this acquisition have been reviewed by us.
• 1. The standalone financial information for the year ended March 31, 2023 which was included in the previously issued audited standalone financial results of the Company for year ended March 31, 2023 has been restated as per the requirements of Ind AS 103 Appendix C "Business combination of entities under common control" to give effect to the acquisition of the Smart World and Communication division of Larsen a Toubro Limited ('SWC division') as described in note 3 to the Statement. The financial information of the SWC division that has been included in the restated standalone financial information for year ended March 31, 2023 has been audited by another independent auditor, whose audit report has been furnished to us. The adjustments made to the previously issued audited standalone financial information for year ended March 31, 2023 to give effect to this acquisition have been reviewed by us.

Our conclusion is not modified in respect of the matters set out in paragraphs 5 and 6 above.

For M S K A £t Associates • artered Accou • ants ICA Firm Regist ati n No.105047W

Vishal ilas Divadkar Membership No.: 118247 UDIN: 23118247BGYDLC4313

Place: Mumbai Date: October 17, 2023

LEtT Technology Services Limited

Registered Office: L&T House, N.M. Marg, Ballard Estate, Mumbai 400 001 CIN : L72900MH2O12PLC232169

Unaudited Consolidated Statement of Assets and Liabilities as at September 30, 2023

(ri. ' l'" V -fer Note no. 3 '.;' , to o. 0 Ci7 ',.'711 ,,......... \$ '3. ,/

LEtT Technology Services Limited

Registered Office: L&T House, N.M. Marg, Ballard Estate, Mumbai 400 001

CIN : L72900MH2012PLC232169

Statement of consolidated unaudited financial results for the quarter and six months ended September 30, 2023

Statement of consolidated unaudited financial results for the quarter and six months ended September 30, 2023

'Refer Note no. 3

Notes for segment information

a Segments have been identified in accordance with Indian Accounting Standards ((nd AS") 108 on Operating Segments, considering the risk/return profiles of the business, their organisational structure and internal reporting systems.

b Property, plant and equipment used and liabilities contracted for performing the Group's business have not been identified to any of the above reported segments as the property, plant and equipment and services are used interchangeably among segments.

LEIT Technology Services Limited

Registered Office: L&T House, N.M. Marg, Ballard Estate, Mumbai 400 001

CIN : L72900MH2012PLC232169

Notes:

(i) Statement of cash flows has been prepared under the indirect method as set out in the Ind AS 7 "Statement of Cash Flows" as specified in the Companies (Indian Accounting Standards) Rules, 2015.

(ii) Purchase of Property, plant and equipment and intangibles represents additions to property, plant and equipment and other intangible assets adjusted for movement of capital work-in-progress of (a) capital work-in-progress for property, plant and equipment and (b) intangible assets.

(iii) Cash and cash equivalents included in statement of cash flows comprise the following :

GYSF

Explanatory notes to the statement of consolidated unaudited financial results for the quarter and six months ended September 30, 2023

• 1 The consolidated financial results for the quarter and six months ended September 30, 2023 have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on October 17, 2023. The statutory auditors have carried out limited review of the above consolidated unaudited financial results.
• 2 During the quarter and six months ended September 30, 2023, the Group has allotted 41,864 and 1,01,500 equity shares of Rs. 2 each fully paid-up on exercise of stock options by employees in accordance with the Group's stock option scheme.
• 3 The Group has completed the acquisition of Smart World & Communication ("SWC") business of Larsen & Toubro Limited (L&T) on April 1, 2023. The acquisition has been accounted under the 'pooling of interests' method in accordance with Appendix C of Ind AS 103 'Business Combinations' at the carrying value of the assets and liabilities of the SWC. Accordingly, the Group has restated its previously issued consolidated financial results for quarter and six months ended September 30, 2022, and year ended March 31, 2023 to incorporate the results of SWC.
• 4 The standalone unaudited financial results are available on the website of the Company (www.ltts.com) and on the websites of BSE (www.bseindia.com) and NSE (www.nseindia.com).
• 5 The Board of Directors at its meeting held on October 17, 2023, has declared an interim dividend of Rs. 17 per equity share.
• 6 Figures for earlier periods have been regrouped, wherever necessary.

For and on behalf of the Board of Directors of L&T Technology Services Limited

Amit-etraffha—

Chief Executive Officer and Managing Director

HO 602, Floor 6, Raheja Titanium Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E) Mumbai 400063, INDIA Tel: +91 22 6238 0519

Independent Auditor's Review Report on consolidated unaudited quarterly and year to date financial results of LET Technology Services Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To the Board of Directors of LET Technology Services Limited

• 1. We have reviewed the accompanying statement of consolidated unaudited financial results of Lai-Technology Services Limited ('the Holding Company'), its subsidiaries, (the Holding Company and its subsidiaries together referred to as the Group') for the quarter ended September 30, 2023 and the year to-date results for the period April 1, 2023 to September 30, 2023 (the Statement'), being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (`the Regulations').
• 1. This Statement, which is the responsibility of the Holding Company's Management and approved by its Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 `Interim Financial Reporting' ('Ind AS 34'), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other recognized accounting principles generally accepted in India and in compliance with the Regulations. Our responsibility is to express a conclusion on the Statement based on our review.
• 1. We conducted our review of the Statement in accordance with the Standard on Review Engagement (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 of material misstatement. A review consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. 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 SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.

1. This Statement includes the results of the Holding Company and the following entities:

• 1. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review report of another independent auditor referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other recognized accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.
• 1. We did not review the interim financial information of a subsidiary included in the consolidated unaudited financial results, whose interim financial information prepared in accordance with the accounting principles generally accepted in its country, reflect total assets of Rs. 5,622 million as at September 30, 2023 and total revenue of Rs. 2,283 million and Rs. 4,428 million, total net profit after tax of Rs. 53 million and Rs. 98 million and total comprehensive income of Rs. 97 million and Rs. 133 million for the quarter ended September 30, 2023 and for the period from April 1, 2023 to September 30, 2023, respectively, and cash flows (net) of Rs. 39 million for the period from April 1, 2023 to - ber 30, 2023, as considered in the consolidated unaudited financial results, which has been ,

MSKA Et Associates Chartered Accountants

reviewed by another auditor under generally accepted auditing standards applicable in its country. The Holding Company's Management has converted the reviewed interim financial information of the subsidiary located outside India from accounting principles generally accepted in its country to accounting principles generally accepted in India.

We have reviewed these conversion adjustments made by the Holding Company's Management. Our conclusion on the Statement, in so far as it relates to the reviewed interim financial information of the subsidiary located outside India is based on the report of such other auditor and the conversion adjustments prepared by the Management of the Holding Company which have been reviewed by us.

• 1. The consolidated unaudited financial results include unaudited financial information of ten subsidiaries which have not been reviewed by their auditors and have been certified by the Holding Company's management, whose interim financial information reflect total assets of Rs. 2,286 million as at September 30, 2023 and total revenue of Rs. 998 million and Rs. 2,159 million, total net profit after tax of Rs. 45 million and Rs. 147 million and total comprehensive income of Rs. 48 million and Rs. 147 million for the quarter ended September 30, 2023 and for the period from April 1, 2023 to September 30, 2023, respectively, and cash flows (net) of Rs. 320 million for the period from April 1, 2023 to September 30, 2023, as considered in the consolidated unaudited financial results. These interim financial information have 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 these subsidiaries is based solely on such management prepared unaudited interim financial information. According to the information and explanations given to us by the Management, the interim financial information for these subsidiaries is not material to the Group.
• 1. The consolidated financial information for the quarter ended September 30, 2022 and the year to date results for the period April 1, 2022 to September 30, 2022 which was included in the previously issued consolidated unaudited financial results of the Group for the quarter and six months ended September 30, 2022 has been restated as per the requirements of Ind AS 103 Appendix C "Business combination of entities under common control" to give effect to the acquisition of the Smart World and Communication division of Larsen Et Toubro Limited ('SWC division') as described in note 3 to the Statement. The financial information of the SWC division that has been included in the restated comparative consolidated financial information for quarter ended September 30, 2022 and the year to date results for the period April 1, 2022 to September 30, 2022 has been reviewed by another independent auditor, whose review report has been furnished to us. The adjustments made to the previously issued comparative consolidated financial information for quarter ended September 30, 2022 and the year to date results for the period April 1, 2022 to September 30, 2022 to give effect to this acquisition have been reviewed by us.
• 1. The consolidated financial information for the year ended March 31, 2023 which was included in the previously issued audited consolidated financial results of the Group for year ended March 31, 2023 has been restated as per the requirements of Ind AS 103 Appendix C "Business combination of entities under common control" to give effect to the acquisition of the Smart World and Communication division of Larsen Et Toubro Limited (`SWC division') as described in note 3 to the Statement. The financial .tion of the SWC division that has been included in the restated consolidated financial

MS KA Et Associates Chartered Accountants

information for year ended March 31, 2023 has been audited by another independent auditor, whose audit report has been furnished to us. The adjustments made to the previously issued audited consolidated financial information for year ended March 31, 2023 to give effect to this acquisition have been reviewed by us.

Our conclusion is not modified in respect of the matters set out in paragraphs 6,7,8 and 9.

For M S K A& Associates Chartered Accountants A irm Registra n No.105047

shal V as Divadkar

Membership No.: 118247 UDIN: 23118247BGYDLD5252

Place: Mumbai Date: October 17, 2023