Larsen & Toubro Ltd (L&T) has informed BSE that the Board of Directors of the Company at its meeting held on May 29, 2008 has approved, subject to Shareholders approval, restructuring the business of the Company by transferring, selling, and/or disposing of the Medical Equipment & System (”MED”) Business Unit of the Company to a subsidiary Company or to any other entity as a going concern.

The approval of the shareholders is proposed to be sought through Postal Ballot.